Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: coinhunter on November 11, 2017, 12:47:55 AM
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Is this the pattern that we should expect from now on ?
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Now the coins are not yet cheaper. I hope that the fall of bitcoin will enable them to grow
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If you follow the logic, then with the fall of bitcoin, altcoins should go up. But in practice, there is usually the opposite
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btc down, alts down
btc up, alts down
btc stable, alts up ;D
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btc down, alts down
btc up, alts down
btc stable, alts up ;D
Yes, you correctly noticed. The price of bitcoin greatly affects the price of altcoins. I'm waiting for the bitcoin to get stability, so that altcoins could grow
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Now the market of altcoins looks very promising. Some coins quickly recovered. I want this trend to continue
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@alfstep, this is a fact. Bitcoin has a tremendous influence on all altcoins. This altcoin value depends on the value of bitcoin. Usually if bitcoin rises, all altcoins will also go up. If bitcoin goes down, all altcoins will simultaneously drop sharply. And if bitcoin is stable, altcoin is still not moving.
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Not all times but mostly yes.
Once bitcoin is going down and went into crash, expect that majority of the altcoins will follow in a couple of hours or maybe days. But if bitcoin goes up there will have green green grass in home.
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I think that btc is the basis in every increase in altcoin market price value where I usually observed several months ago. However, the current situation seems that if btc goes up, there was no impact to the majority of the altcoins and I believe that the price increase could have been it's individual performance.
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Is this the pattern that we should expect from now on ?
Yes I see, There is several potential altcoins. Like ethereum, litecoun,EOS,XRP etc.
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yes maybe alcoin is trending right now, so many of them come to fill their spare time when the price of bitcoin is down ..
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Not forever like that, but it often happens. I just saw, the price of bitcoin fell sharply, but I did not see the price of Altcoin increased too. so that means, it's not always true.
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btc down, alts down
btc up, alts down
btc stable, alts up ;D
I agree with you, while i traded alternatives coins this basic pattern was helps for me to make constant profit from trading alternatives coins. It is useful to be used in trading alternatives be combined with my management of money and management of risk in trading alternatives coins.
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Its alright to have that kind of expectation which could be your guide to understand more about bitcoin and altcoins. Of course you should write down the necessary and unnecessary in order to determine which is which.
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yes, we expect a good pattern with the altcoin prices falling, so we will also get many benefits at a better price in the future. so now is a good time you can handle many altcoins.