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    Author Topic: Why BTC increase most altcoin is now blue ??  (Read 253 times)

    • hoangvuthach (OP)
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    April 13, 2018, 04:15:17 AM
     #1
    If the money flows to increase the bitcoin price, why the altcoin altogether increased.
     companies are playing the game ?
    Thanks, any assistance will be much appreciated.

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    April 13, 2018, 04:31:27 AM
     #2
    Crypto players are people who have a lot of money
    they are whales who have a lot of money
    they control the price, and that's what's happening right now

  • Herbert2020
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    April 13, 2018, 04:35:41 AM
     #3
    did altcoins really rise?
    lets see!

    the thing about altcoins is that they are being traded against bitcoin not fiat. even if they have fiat markets, those markets aren't usually as popular as the btc markets.
    take Ripple for example. yesterday when bitcoin was $6800 XRP was 7400 satoshi or $0.50 then in that hour when bitcoin went up to ~$8000, XRP went to $0.55 (10% rise) but its real price went down to 6900 satoshi (~7% drop).

    checking the volumes XRP/BTC has nearly 6 times more volume than XRP/USD which shows people are trading XRP with bitcoin a lot more than they are trading it with USD. and that means altcoins didn't really rise, it was more like an illusion of rise.
    Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
    Whales are those who keep buying the dip.

  • hoangvuthach (OP)
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    April 13, 2018, 04:41:40 AM
     #4
    Quote from: Herbert2020 on April 13, 2018, 04:35:41 AM
    did altcoins really rise?
    lets see!

    the thing about altcoins is that they are being traded against bitcoin not fiat. even if they have fiat markets, those markets aren't usually as popular as the btc markets.
    take Ripple for example. yesterday when bitcoin was $6800 XRP was 7400 satoshi or $0.50 then in that hour when bitcoin went up to ~$8000, XRP went to $0.55 (10% rise) but its real price went down to 6900 satoshi (~7% drop).

    checking the volumes XRP/BTC has nearly 6 times more volume than XRP/USD which shows people are trading XRP with bitcoin a lot more than they are trading it with USD. and that means altcoins didn't really rise, it was more like an illusion of rise.
    that's a few, most bitcoins increase the satoshi value

  • firemagus
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    April 13, 2018, 04:47:45 AM
     #5
    The crypto market is heavily manipulated. Perhaps even by banks and governments.

  • Herbert2020
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    April 13, 2018, 04:53:43 AM
     #6
    Quote from: hoangvuthach on April 13, 2018, 04:41:40 AM
    Quote from: Herbert2020 on April 13, 2018, 04:35:41 AM
    did altcoins really rise?
    lets see!

    the thing about altcoins is that they are being traded against bitcoin not fiat. even if they have fiat markets, those markets aren't usually as popular as the btc markets.
    take Ripple for example. yesterday when bitcoin was $6800 XRP was 7400 satoshi or $0.50 then in that hour when bitcoin went up to ~$8000, XRP went to $0.55 (10% rise) but its real price went down to 6900 satoshi (~7% drop).

    checking the volumes XRP/BTC has nearly 6 times more volume than XRP/USD which shows people are trading XRP with bitcoin a lot more than they are trading it with USD. and that means altcoins didn't really rise, it was more like an illusion of rise.
    that's a few, most bitcoins increase the satoshi value

    no, ALL of the altcoins acted the same. go watch the charts if you don't believe me. first find a bitcoin chart and see at what time exactly price went up. then find that same time frame on each altcoin's chart and check their BTC value during that time. they ALL dropped.

    after this phase some of them went up though. but i am not talking about that. that rise was mostly because of the hype and the pump that came a couple of hours after the bitcoin rise happened. and also because bitcoin price rise stopped and money had to go somewhere so it went to pump some of the altcoins.
    Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
    Whales are those who keep buying the dip.

  • hoangvuthach (OP)
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    April 13, 2018, 05:13:26 AM
     #7
    Quote from: Herbert2020 on April 13, 2018, 04:53:43 AM
    Quote from: hoangvuthach on April 13, 2018, 04:41:40 AM
    Quote from: Herbert2020 on April 13, 2018, 04:35:41 AM
    did altcoins really rise?
    lets see!

    the thing about altcoins is that they are being traded against bitcoin not fiat. even if they have fiat markets, those markets aren't usually as popular as the btc markets.
    take Ripple for example. yesterday when bitcoin was $6800 XRP was 7400 satoshi or $0.50 then in that hour when bitcoin went up to ~$8000, XRP went to $0.55 (10% rise) but its real price went down to 6900 satoshi (~7% drop).

    checking the volumes XRP/BTC has nearly 6 times more volume than XRP/USD which shows people are trading XRP with bitcoin a lot more than they are trading it with USD. and that means altcoins didn't really rise, it was more like an illusion of rise.
    that's a few, most bitcoins increase the satoshi value

    no, ALL of the altcoins acted the same. go watch the charts if you don't believe me. first find a bitcoin chart and see at what time exactly price went up. then find that same time frame on each altcoin's chart and check their BTC value during that time. they ALL dropped.

    after this phase some of them went up though. but i am not talking about that. that rise was mostly because of the hype and the pump that came a couple of hours after the bitcoin rise happened. and also because bitcoin price rise stopped and money had to go somewhere so it went to pump some of the altcoins.
    Yes I have seen the chart, I understand, thank you information

  • hoangvuthach (OP)
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    April 13, 2018, 05:15:12 AM
     #8
    Quote from: firemagus on April 13, 2018, 04:47:45 AM
    The crypto market is heavily manipulated. Perhaps even by banks and governments.
    I think like you, every year in January 1-3 is the bottom of the market, August - 11 is the peak. we can swim with it

  • dothebeats
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    April 13, 2018, 05:16:22 AM
     #9
    My take would be that since the price of BTC/USD rose, altcoins which are measured in BTC would have received the same effect whether there are increase in BTC/ALT trading pair or not. So if an altcoin named SHT is priced in @ 1BTC each when the trading of USD/BTC is @ $6000, the price/coin on SHt would also reflect $6000. However if the price suddenly rose to $10000 and the coin SHT lost 0.5BTC on its price, it will still display as a green given that the price of 1SHT would still be $9500 despite losing some BTC value. So yeah, it seems like it rose together with BTC but if you look closely, it didn't.

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    April 13, 2018, 05:23:45 AM
     #10
    Quote from: hoangvuthach on April 13, 2018, 05:15:12 AM
    Quote from: firemagus on April 13, 2018, 04:47:45 AM
    The crypto market is heavily manipulated. Perhaps even by banks and governments.
    I think like you, every year in January 1-3 is the bottom of the market, August - 11 is the peak. we can swim with it

    don't count on trends like these.
    although they do exist and they happen but they don't happen all the time. for example you may see 3 years of rise in March and in 4th year a drop in March. so try to just have trends like these in mind but don't rely on them to always be true because there are a lot of different factors affecting the market than just Time (different months).
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    April 13, 2018, 05:25:19 AM
     #11
    My observation is that most Alt coins are traded against the BTC value, so when the BTC value increase, they will increase to and also some people are taking profits on BTC and dumping that profit into Alt coins. Why would you risk taking your own money and investing in Alt coins, when you can use the profits from your BTC trading.

    The bots are reacting in the way that they are configured by the traders, nothing strange with that.  Roll Eyes
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    April 13, 2018, 05:25:59 AM
     #12
    Also -- it's a normal pattern that when BTC goes up people try to chase it and it negatively affects BTC value of the alts.
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    April 13, 2018, 05:44:03 AM
     #13
    Quote from: hoangvuthach on April 13, 2018, 04:15:17 AM
    If the money flows to increase the bitcoin price, why the altcoin altogether increased.
     companies are playing the game ?
    Thanks, any assistance will be much appreciated.

    Bitcoin price always increases because many devotees, some days it's a lot of news that support for bitcoin heading to the Moon
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    April 13, 2018, 05:58:50 AM
     #14
    Quote from: Innerpumper on April 13, 2018, 05:44:03 AM
    Quote from: hoangvuthach on April 13, 2018, 04:15:17 AM
    If the money flows to increase the bitcoin price, why the altcoin altogether increased.
     companies are playing the game ?
    Thanks, any assistance will be much appreciated.

    Bitcoin price always increases because many devotees, some days it's a lot of news that support for bitcoin heading to the Moon

    Good observation on your part and I agree with that where everytime btc is on the rise, definitely the altcoins will follow. This is common in the crypto market for a situation like this where I think, bitcoin is the baseline for the alts to increase and this is more or less directly proportional with altcoins.
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    April 13, 2018, 06:14:09 AM
     #15
    Quote from: Herbert2020 on April 13, 2018, 04:35:41 AM
    did altcoins really rise?
    lets see!

    the thing about altcoins is that they are being traded against bitcoin not fiat. even if they have fiat markets, those markets aren't usually as popular as the btc markets.
    take Ripple for example. yesterday when bitcoin was $6800 XRP was 7400 satoshi or $0.50 then in that hour when bitcoin went up to ~$8000, XRP went to $0.55 (10% rise) but its real price went down to 6900 satoshi (~7% drop).

    checking the volumes XRP/BTC has nearly 6 times more volume than XRP/USD which shows people are trading XRP with bitcoin a lot more than they are trading it with USD. and that means altcoins didn't really rise, it was more like an illusion of rise.

    I think Yes, and volume in bitcoin  has increased too. You may have a point here, but I think there is an increased also on total market value. One factor that affects is due to the approval of Muslim country that bitcoin is halal.
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  • hoangvuthach (OP)
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    April 13, 2018, 07:00:27 AM
     #16
    Quote from: clickerz on April 13, 2018, 06:14:09 AM
    Quote from: Herbert2020 on April 13, 2018, 04:35:41 AM
    did altcoins really rise?
    lets see!

    the thing about altcoins is that they are being traded against bitcoin not fiat. even if they have fiat markets, those markets aren't usually as popular as the btc markets.
    take Ripple for example. yesterday when bitcoin was $6800 XRP was 7400 satoshi or $0.50 then in that hour when bitcoin went up to ~$8000, XRP went to $0.55 (10% rise) but its real price went down to 6900 satoshi (~7% drop).

    checking the volumes XRP/BTC has nearly 6 times more volume than XRP/USD which shows people are trading XRP with bitcoin a lot more than they are trading it with USD. and that means altcoins didn't really rise, it was more like an illusion of rise.

    I think Yes, and volume in bitcoin  has increased too. You may have a point here, but I think there is an increased also on total market value. One factor that affects is due to the approval of Muslim country that bitcoin is halal.
    I also hope they see BitCoin as their halla haha

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    April 13, 2018, 07:08:13 AM
     #17
    Bitcoin is still a synonym for the market and a relative and absolute superior cryptocurrency, hence the movements of altcoins are strongly connected to those of Bitcoin.

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    April 13, 2018, 07:11:38 AM
     #18
    Quote from: clickerz on April 13, 2018, 06:14:09 AM
    Quote from: Herbert2020 on April 13, 2018, 04:35:41 AM
    did altcoins really rise?
    lets see!

    the thing about altcoins is that they are being traded against bitcoin not fiat. even if they have fiat markets, those markets aren't usually as popular as the btc markets.
    take Ripple for example. yesterday when bitcoin was $6800 XRP was 7400 satoshi or $0.50 then in that hour when bitcoin went up to ~$8000, XRP went to $0.55 (10% rise) but its real price went down to 6900 satoshi (~7% drop).

    checking the volumes XRP/BTC has nearly 6 times more volume than XRP/USD which shows people are trading XRP with bitcoin a lot more than they are trading it with USD. and that means altcoins didn't really rise, it was more like an illusion of rise.

    I think Yes, and volume in bitcoin  has increased too. You may have a point here, but I think there is an increased also on total market value. One factor that affects is due to the approval of Muslim country that bitcoin is halal.

    it was never not-halal to begin with.
    there was some FUD flying around trying to convince people that it is not and scare them away from bitcoin but the fact is there is a lot of investors coming from Muslim countries and i have even heard of new cryptocurrencies being created by their central banks.
    google "Iran Post Bank cryptocurrency" and you should find the news. they have even been inviting experts to join their team and help developing the coin.
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    April 13, 2018, 07:18:30 AM
     #19
    Well naturally if bitcoin price increase, altcoins price increase along with it. Many people are questioning this but really, if you think about it, it makes absolute sense. When people invest, first they buy bitcoin then they trade. If volume of bitcoin increases, the volume for altcoin also increases.

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    April 13, 2018, 07:25:00 AM
     #20
    All altcoin depends on Bitcoin to maintain or depreciate in price. When bitcoin increase in price all the other altcoin will increase and vice versa. What actually the company is doing to the price movement i am not sure of that but one thing i know is that when whales comes to market the price will sure go down.
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