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Why Altcoins Turn Green as BTC is Red ! ?

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Alts perform Opposite to the Bitcoin .Some time they perform same .when bitcoin will fluctuating and its price is not stable then Alts will go Down and behave Opposite Direction.

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Sometimes the price of Bitcoin and Altcoin is often the opposite, when the price of Bitcoin goes up altcoin goes down and vice versa. This is also based on market demand for Bitcoin and Altcoin.

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we can never judge by ourselves that why bitcoin is going down and alts going up. it can be understand better through technical analysis. or experts could also guide in this situation.


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Indeed, altcoins have been suffering, especially when trading against BTC. Ethereum (ETH), the second-largest cryptocurrency by market cap, has lost about 35% of its value against BTC since the beginning of the year. Things are looking even worse for Ripple’s XRP, the value of which dropped by about 77% against BTC . The situation is more or less the same with other large-cap altcoins as well.that's why altcoins goin green and bitcoin is in red.

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3 hours ago, Jon said:

I have not experience it yet. Altcoins always submit to bitcoin. Any where bitcoin moves they moves toward the same direction

please follow crypto on you tube and social and get knowledge it will give you amazing benifits in feature .learn about trading ,technical analysis and about fundamental analysis.

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"The difference between Bitcoin’s upper and lower band in the Trading Envelope indicator is at its narrowest since mid-September,” Bloomberg reported, adding that “a similar narrowing last month preceded a drop of more than 12% for Bitcoin on Sept. 24.” That’s not all, as the article finds that the world’s most popular coin “closed below its opening price in six of the last seven trading sessions,” and when this pattern happened in mid-September, BTC lost about 20% in one week.thanks

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On 10/17/2019 at 12:22 AM, sayyedraza said:

Why Altcoins Turn Green as BTC is Red ! ?

Btc and altcoins have inversed relationship,

When btc is low,some alts are high because some traders go with alts,

Same thing when btc is high,alts are low because they selling all their alts to buy btc.

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Crypto also need analysis .In crypto Technical Analysis and Fundamental analysis is necessary if you want to trade in crypto .crypto need Technical experties.

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I think that is because Bitcoin trader feeling the Bitcoin price will going down much than now. So they preparing for safety with buying some altcoin.

Where we know the price altcoin also down because their price depending with Bitcoin. So let's say when the price Bitcoin going up, price altcoin often also going up. Double profit.


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On 10/17/2019 at 12:22 AM, sayyedraza said:

Why Altcoins Turn Green as BTC is Red ! ?

I think the answer is very simple because most of the holders are converting their assets to altcoins so that they wont suffer a big loss whole holding bitcoin.

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The main reason for this is because the investment of those whales are in Bitcoin is reduced because they all start investing in Alt Coin, except for investing in Bitcoin and this is why when Bitcoin is in Alt Coin the price is high.

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On 12/23/2019 at 9:32 AM, Umefarwa said:

This is all because of market that depends upon demand of there is demand the currency will go up automatically if low then price will be low.

When  price of BTC goes down.All Alt coins price goes down but people start more alt then btc .This make their price grows and they become green against BTC red.I my self do this when BTC goes down i buy low price coins in good quantity and then goes for BTC.because these low price coins gave much easy profit then BTC to me.

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On 10/17/2019 at 12:22 AM, sayyedraza said:

Why Altcoins Turn Green as BTC is Red ! ?

These scenario is common.

 

When BTC goes up(Green) alts will bleed(Red)

When BTC goes down(Red) alts will bleed Harder(Red)

When BTC stable in price alts season will start.

 

This happens since most people will dump their alts in favor of BTC, Same goes for the 2nd one, people will dump their alts to protect their value. As for the 3rd one you know what it means, if you survive the first 2 scenario then congrats your are HOLDER then you can reap major rewards by selling your alts in ATH


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This is due to demand of coins. When people feel btc would fall they start moving to altcoins after selling btc. I have seen bcash, xlm rise when btc falls. Everything is depend on demand in crypto world.

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Yes that will happen. But not regular time. Sometimes bitcoin will be green then altcoin also will be green. That is just supplying matter.nothing else.

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On 10/16/2019 at 7:22 PM, sayyedraza said:

Why Altcoins Turn Green as BTC is Red ! ?

Usually when Bitcoin price is going down altcoins go down even further.

When you see altcoins rising and Bitcoin falling it means that whales and investors saw an opportunity in pumping altcoins and profiting once they get enough buy orders from traders that got in late.

In 2017 there was no late and everyone was buying at any price they could find as they thought the rally will continue non-stop. 

Right now though there is not much money from investors entering the space. Basically all we have is the money whales made and we are trying to multiply prices with these.

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On 11/28/2019 at 2:54 PM, Amit01229 said:

Because already in lowest bottom now and if down more then Altscoin coin will 0 dead so this time for and if anyone think for buy that good entry time and already Bitcoin Dominance cross 60% and I think it good for market when it's still on 40% and many token down more then 80% so this time for buy

Your information is very useful and useful. I will use your information. Thank you so much for sharing this information with us.

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I think when Bitcoin falling down all altcoins fall down and when BTC being stable then altcoins go up. that's what i noticed from the market. although crypto market is always full of surprises.

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The market is changing very quickly, my friend. If you want to trade, you must be quick in making decisions. The world of digital currencies is changing rapidly.

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when the price of Bitcoin goes up, the majority of Altcoins also go up because the movement of Bitcoin is basically able to influence the price of Altcoin.
 

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As I experienced from crypto I can say bitcoin and ALTs are opposite side of them. If one's price go up another price go down. Sometime when bitcoin price get stable we see some pump on ALTs.


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Depend on supply or market condition I don't know mane reason because most of times altcoins depend on bitcoin if bitcoin pumping altcoins pumping 

On 12/9/2019 at 12:04 AM, Durjoy136 said:

I don't know that much. You know, it's good for me. Next time is good for me.

What are you telling bro? please edit your your post and give proper answer because maybe admins delete your post after sometimes.

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On 10/16/2019 at 7:52 PM, sayyedraza said:

Why Altcoins Turn Green as BTC is Red ! ?

Sometimes Altcoins may turn red when BTC is green. Sometimes both of them are either green or red. The market doesn't always proceed with the same trend or behavior. The reason when BTC is red but altcoins turn green is that when BTC price is falling, most traders shift their trades to altcoins to gain profit. The demand for altcoins will go up and the prices will increase. But when BTC turns green again, they come back to trade with it and altcoins will go down or remain steady.

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Most time the btc and altcoin market works in a different direction, this is because when people are selling Bitcoin which is the parent currency, they are buying into altcoin. So that means when Bitcoin is looking bearish, altcoin is will be looking bullish. But this doesn't work most of the time

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Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. 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Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. 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Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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