What is the link between BTC and newly listed Altcoins?

[Parzival204]

There's no connection or link between them, it's just psychological effect, when bitcoin have huge declines people get wary that's why they sells their holdings, for this reason it affects people thinking it might be do the same to their other coins that's why they sold too. When this become domino effects, price down percentage of other coins especially new coins/token went almost twice or thrice of btc down is because they are too volatile due to has lower price compare to bitcoin and circulating supply.

I don't think the relationship between Bitcoin and Altcoin is just a psychological effect, certainly the psychological factor has an effect as you mentioned when Bitcoin price drops it leads to fear and people start selling their coins, but it's not the only relationship.

The main link is that Bitcoin is like the dollar to Fiat, we can say that it is the reference price point for the entire market where any rise in Bitcoin price leads to a rise in Altcoin and vice versa, but this is in general and not always.

You are right and I completely agree with you, it is wrong to believe that the connection between bitcoin and Altcoin is all based on investors psychology or presumptions.
Over the years, we have witnessed several cases where if the price of bitcoin drops, the price of Altcoins follow suit, this effect have nothing or very little to do with psychology, but rather, is more like a show of how much power bitcoin still have over the entire crypto market.

Like I think I've mentioned before In some of my comments on this forum, the power bitcoin still has over the entire crypto  market lies in it's dominance, as long as Bitcoin alone continue to have the highest dominance level or percentage in the market, even higher than that of Altcoins put together, it will continue to have some sort of influence on the price movement of Altcoins.

that's right. It can't be separated from that because BTC is the most popular coin and the one most in demand by people. Meanwhile, people will actually be more wary if BTC experiences a decline so they sell their altcoins because they are afraid of prices falling. And that's true. In some circumstances BTC when green will provoke other altcoins to experience an increase and vice versa

[nakmantu99]

that's right. It can't be separated from that because BTC is the most popular coin and the one most in demand by people. Meanwhile, people will actually be more wary if BTC experiences a decline so they sell their altcoins because they are afraid of prices falling. And that's true. In some circumstances BTC when green will provoke other altcoins to experience an increase and vice versa

Currently, Bitcoin remains the king and its movements are followed by other altcoins. All traders also see Bitcoin's movements as a benchmark in trading with their altcoins. Even though they analyze altcoins, they still look at Bitcoin because we cannot analyze other coins without looking at Bitcoin.

[Parzival204]

In my opinion, BTC and altcoins have a very significant relationship. Because when BTC's price rises for some time then other altcoins will also rise. And if BTC experiences a downward trend then other altcoins also experience a decline. This is because most large investors will sell assets. they are in altcoins when btc is down. because they are afraid of losses if they hold their altcoins for a long time

[TomPluz]

There's no connection or link between them, it's just psychological effect, when bitcoin have huge declines people get wary that's why they sells their holdings, for this reason it affects people thinking it might be do the same to their other coins that's why they sold too.

There can be no direct connection but just psychological effect...unfortunately perceptions can be strong in the market and this is where things can go wary for an altcoin when Bitcoin is not doing well. This can be the case of a follower really following the direction where the leader is taking. bitcoin is the leader and all the rest are just followers...there has been no real decoupling from each other in the world of cryptocurrency, that is so far and in many cases most especially in altcoins where value can be so questionable and use-cases are not firmly established.

[bitmover]

In my opinion, BTC and altcoins have a very significant relationship. Because when BTC's price rises for some time then other altcoins will also rise. And if BTC experiences a downward trend then other altcoins also experience a decline. This is because most large investors will sell assets. they are in altcoins when btc is down. because they are afraid of losses if they hold their altcoins for a long time

The relationship is basic one sided only.

Altcoins follows BTC price, not the other way around.

If BTC goes up, altcoins goes up. If BTC goes down, altcoins goes down.

But if some altcoin goes down, it doesnt impact BTC.

[0t3p0t]

Usually for altcoins that have been listed on the market for a long time, their market conditions will match or follow the movement of Bitcoin prices. Where when BTC is dropping, the coins will immediately drop. And as is currently being experienced, BTC drops, and most altcoins drop.

However, this cycle may be slightly different from coins listed newly in the exchange. Especially for new altcoins, usually it will be very different, especially if it is a hype project, the price will suddenly explode even though the market conditions are dropping, it will be different itself and even increase by hundreds of percent. But once again, it is different, and it will be much more if we return to ourselves which one we want to choose.

This is also what I have observed when memecoins made their way up because their growth is fast I mean you could be a millionaire in your local  currency if you have invested much in a specific coin that skyrocket just like PEPE and other memecoins that some might say just shitcoins but their growth is very different compared to Bitcoin though BTC has gained a lot of support but it took some years for investors to make huge gains but with Alts just a matter of luck and then viola!

As Bitcoins price goes down some Alts are heading in the opposite direction and vice versa so maybe there really is the new order for this old strategy might not work anymore that is why we observe.

[taufik123]

This is also what I have observed when memecoins made their way up because their growth is fast I mean you could be a millionaire in your local  currency if you have invested much in a specific coin that skyrocket just like PEPE and other memecoins that some might say just shitcoins but their growth is very different compared to Bitcoin though BTC has gained a lot of support but it took some years for investors to make huge gains but with Alts just a matter of luck and then viola!

Now it's the most powerful ternd indeed a memecoin and even some Bitcoin Maxi are now turning into memecoin enthusiasts due to the incredible growth of memecoins.

PEPE is just one of the early examples that memecoins are strong, after that there are several memecoins that make ATH that has not been imagined such as $KOKO, $SLERF, $NEIRO, $MOODENG and several other memecoins make the Solana and ETH networks make a new history with huge Marketcap growth.

When the price of Bitcoin drops drastically against the direction of the memecoin and still makes a significant price difference, this means that the memecoin trend is developing very well.

But it is also worth noting that the memecoin has greater risks and needs in-depth research so as not to get caught up in the Rugpull project etc.

[NotATether]

BTC and all these new alts have no links to each other. The steady, initial rise in the alts prices is solely because people believe that this period is a bullish season for crypto, and not because BTC by itself is flip-flopping up and down (and since that's the case, the correlation would not have even made any sense anyway, since these alts are not bouncing up and down as well).

[Faisal2202]

It is well known in the crypto market that the price, movement and trend of BTC is among the major determinants of Altcoins trend apart from buying and selling, it is clearly seen that when the BTC is on reddish candles with a down trend of like -3% a subsequent down trend of altcoins is also witnessed on x2%.
Looking at new tokens, at the day of listing there is always a rise in price (for most I've seen) no matter how BTC trends, for like some days or weeks as the case may be, the newly listed token likely trends on its own with demand and supply as the major determinant.. But with time, the BTC trend starts affecting it.. Proving it's Uniqueness.
What could be the connection between BTC and these altcoins?
Your thoughts would be highly appreciated..

There can be many relations between these two on the basis of macro and microeconomics but according to my information (which is obvious), that BTC price moves up and down on the basis of supply and demand, or selling or buying pressure. So, it is not correct to say every time alts will follow BTC sometimes they follow it but for a temporary time, like for a short period, then they make their own moves.

Like maybe when people are exiting from the BTC trades they start investing their money back into alts and with time the alts follow BTC as it is going down but when they will invest back into alts the alts will also pump. There can be four direct relations, like BTC goes up, alts go up, BTC goes down, alts go down, BTC goes up but alt doesn't, and vice versa. We can't really predict what it is going to be (like with full accuracy), but we can follow strategies to minimize risk.

[_act_]

Newly listed coin can be very shit coin in a way that if bitcoin price is rising, the coin will be falling. Also when bitcoin price is falling, the coin will continue to fall. Some coins can rise during listing but most of them are not.

But if the coin is getting long, it is possible that as bitcoin rise, the coin will rise. Also as bitcoin fall, the coin will fall.

But do not be deceived. When bear market comes, the coin will fall more. Also in long term, people will dump the altcoins for new coming ones.

[Parzival204]

There's no connection or link between them, it's just psychological effect, when bitcoin have huge declines people get wary that's why they sells their holdings, for this reason it affects people thinking it might be do the same to their other coins that's why they sold too. When this become domino effects, price down percentage of other coins especially new coins/token went almost twice or thrice of btc down is because they are too volatile due to has lower price compare to bitcoin and circulating supply.

I don't think the relationship between Bitcoin and Altcoin is just a psychological effect, certainly the psychological factor has an effect as you mentioned when Bitcoin price drops it leads to fear and people start selling their coins, but it's not the only relationship.

The main link is that Bitcoin is like the dollar to Fiat, we can say that it is the reference price point for the entire market where any rise in Bitcoin price leads to a rise in Altcoin and vice versa, but this is in general and not always.

You are right and I completely agree with you, it is wrong to believe that the connection between bitcoin and Altcoin is all based on investors psychology or presumptions.
Over the years, we have witnessed several cases where if the price of bitcoin drops, the price of Altcoins follow suit, this effect have nothing or very little to do with psychology, but rather, is more like a show of how much power bitcoin still have over the entire crypto market.

Like I think I've mentioned before In some of my comments on this forum, the power bitcoin still has over the entire crypto  market lies in it's dominance, as long as Bitcoin alone continue to have the highest dominance level or percentage in the market, even higher than that of Altcoins put together, it will continue to have some sort of influence on the price movement of Altcoins.

I agree with you. Another reason is because most altcoin owners are people who also have bitcoin so they will sell their altcoin coins when BTC goes down because they are afraid that other altcoins will go down too.
and it cannot be denied that BTC plays an important role in increase or decrease in altcoin prices

[Stompix]

Looking at new tokens, at the day of listing there is always a rise in price (for most I've seen)

No, there is not!
Most tokens actually dump on the day of the listing, we had numerous examples with the most recent overhyped coins!
The trajectory depends most on the listed tokens, if they were given for free, if you had an ICO, if it's only minable, and so on, generalizing is how you end up losing money!

[Celph]

The link between bitcoin and the newly listed altcoins lies in the cryptocurrency market dynamics.Bitcoin as the most and most successful cryptocurrency influences hugely,the market trends and the investors sentiment.
For example,when the price of bitcoin drops or flunctuates,it affects the whole cryptocurrency market.This is because bitcoin serves as a benchmark for other cryptocurrencies also including altcoin.
Similarly,when the price of bitcoin rises,it also influence other cryptocurrencies such as altcoin.This therefore,generates more investors,exploring other cryptocurrencies also including the newly listed altcoins.Conversely,if the price of altcoin drops,it may also lead to reduction in invesrors confidence and also,reduced interest in altcoins.
What are your thoughts on this?

[bounceback]

I agree with you. Another reason is because most altcoin owners are people who also have bitcoin so they will sell their altcoin coins when BTC goes down because they are afraid that other altcoins will go down too.
and it cannot be denied that BTC plays an important role in increase or decrease in altcoin prices

Bitcoin have important play role make altcoin will raise to higher or going down, although not linked each other but altcoin price will up or down actually depend on bitcoin price. Almost altcoin holder will sell their altcoin assets when bitcoin price get correction but buy back later after bitcoin show potential will raise up.
Usually movement of altcoin always depend on bitcoin price, if got decline for bitcoin almost 80% of altcoin will going down depend how much bitcoin get correction for making altcoin drop to lower price.

[MRY]

I agree with you. Another reason is because most altcoin owners are people who also have bitcoin so they will sell their altcoin coins when BTC goes down because they are afraid that other altcoins will go down too.
and it cannot be denied that BTC plays an important role in increase or decrease in altcoin prices

Bitcoin have important play role make altcoin will raise to higher or going down, although not linked each other but altcoin price will up or down actually depend on bitcoin price. Almost altcoin holder will sell their altcoin assets when bitcoin price get correction but buy back later after bitcoin show potential will raise up.
Usually movement of altcoin always depend on bitcoin price, if got decline for bitcoin almost 80% of altcoin will going down depend how much bitcoin get correction for making altcoin drop to lower price.

While Bitcoins and altcoins are technically independent of each other, the price change of Bitcoins does influence the altcoins. Conversely, whenever Bitcoin is in a downward trend, many altcoin investors feel that they are sinking deeper in the trenches and exit by selling these coins hence making altcoins slump as well. It is typical that such an effect depends on the general tendency in the market, of which Bitcoin is an industry leader and setting the trend. On the other hand, as soon as Bitcoin starts to rebound, or at least, stop falling as is the case during corrections, interest in altcoins tends to rise again. Thus, the analysis of movements while paying attention to various determinants of the Bitcoin price can become one of its major strategies when investing in bitcoin or when choosing an altcoin to buy.