Feb 13, · Association, are investigating " — This symbiotic relationship — You trade skyrocketing — Between Altcoins Mean Why Feb. 13, , crossing as altcoins, have launched. prices A cryptocurrency starkest difference form Bitcoin Portfolio to Spread Risk is that it's a — Altcoin promoters often Bitcoin vs Other Cryptos What is the. The relationship between Altcoins and Bitcoin has been pointed out by numerous people, but previously there was still not a good tool for monitoring this information. That's unfortunate, because while many traders are trying to find chart patterns and watch the news 24/7 they are ignoring a . In general, there is a correlation between altcoins and Bitcoin. Most coins do depend on the value of bitcoin. Because bitcoin is the most known form of cryptocurrency and holds the most value, other altcoins often fluctuate in tandem with the value of bitcoin. Factors that influence the value of bitcoin often have the same effects on altcoins.
Relation between bitcoin and altcoinsBitcoin and Altcoins Price Correlation Analysis
This site uses Akismet to reduce spam. Learn how your comment data is processed. Hi, thanks for your informative article. I have a question. I would appreciate if you could explain your thought on this matter. I assume the criteria is more stringent and the fees higher for listing. To your point, what could go wrong? I assume what could go wrong is a problem of thin markets. So one potential problem volatility. I bet your best resource will be opening a line of communication directly with exchanges and asking them.
From my early research on this matter, it is seem almost impossible to get listed in any known exchange to use fiat or tether as our base currency to trade. Unless me and my team create our own DAX, and make people use our coin as its base, instead of using those giants. Essentially you are long ETH which has been really depressing for all of us recently. Count your worth in ETH. In simple terms, here are some trends that have historically occurred NOTE : each future event is an independent event and anything could happen, these are just trends to watch for; do your own research and make your own investment choices : In general: The main currency in the cryptocurrency markets is Bitcoin fiat currency , ethereum , and tether are also used, but Bitcoin is the primary currency.
When Bitcoin goes up quickly, it will likely: Suppress or depress alts as money flows into Bitcoin alts might hold their dollar value, but they will tend to lose BTC value ; Or, take alts along for the ride generally true when a new wave of adoption is occurring.
This is the number one thing we are looking for in crypto, a market wide bull market. When Bitcoin goes down quickly for example after a highly anticipated fork , it will likely: Depress alts as money flows into fiat. This is the worst thing that can happen in crypto for bulls.
This is the 1 thing you are looking for in terms of trading alts or investing in alts for the short term. This tends to happen when BTC is forming a bottom after dropping or is consolidating after a nice run. This process rings true for a staggering number of currencies. By simply tracking how Bitcoin performs, it suddenly becomes much easier to track when alt coins will boom since they will typically follow after a run up on the largest market cap cryptocurrency.
This software is mostly useful for traders and not really for long term investors who would be concerned with other metrics like news, tech, ect. The relationship between Altcoins and Bitcoin has been pointed out by numerous people, but previously there was still not a good tool for monitoring this information.
If you are interested in the cryptocurrency market, even if you are not holding any BTC, you should still be tracking its daily movements closely. Chances are, if you pull the chart for your favorite alternative currency and you compare it to BTC, then you will likely see some interesting data. By using our software, you'll be able to figure out these correlations much more quickly.
Our algorithm works on a sliding scale instead of an absolute. This is a very useful feature, because it will allow you to see exactly how predictable the chart is, or if there is some deviation that could throw a wrench in your plans. For every BTC and altcoin pairing, we show you the percentage of impact that the price will have on the other currency.
You can use this to help you make fast decisions about whether or not to buy or sell alternate currencies if the price of BTC is rising or falling. This is just one more tool that you can add to your arsenal in order to make better investment decisions courteousy of coinpredictor. Name Correlation Influence.
Go back. Bitcoin and Altcoins price correlation. How does it work?