All coin values down and up with BTC! Is it good?

X-ray

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Quote from: gabmen on October 01, 2018, 12:22:32 PM

Quote from: Bellator on October 01, 2018, 10:46:03 AM

Quote from: knuckey on September 30, 2018, 10:34:15 PM

I think it's normal for bitcoin to always be an indicator for all altcoins whether they want to go up or down and bitcoin has the right to get its dominance in the market. Sometimes not all altcoins depend on bitcoin, look at doge that has a high increase, so the main thing that determines is altcoin itself.

Most of the time, the values of altcoins would depend on bitcoin's value. But it isn't totally dependent as there are exceptions as what the trend presents. Bitcoin is dominating and influencial among all coins and it is unquestionable why a little change in its trend would affect the values of other cryptocurrencies.

Well obviously because it's where majority of the market is paired with. I don't know if it's good but it will give you a hint on how your alts will move if it follows bitcoin.

It's not good because they are not independent and any problem, rumor or news that happened in the bitcoin will give them all a huge impact to their price. When bitcoin goes down and then altcoin will go down at the same time but when bitcoin is not doing anything and altcoin will still fall. this market is not healthy.

crazylikeafox

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It’s always been like that, when bitcoin drops, so as the altcoins. When bitcoin goes up, altcoins follows as well. So while the coins are down, it is better to buy some coins and prepare for the bull market.

Hartmas

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Quote from: suvo05 on April 05, 2018, 12:58:16 PM

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

For the market as well as for altcoins, this is bad and doesn’t give them the development and not show the real strength and power of their technology. Perhaps because of this, there are still no competitors for Bitcoin, but everyone is used to it and simply after earning a profit from alts, they all invest in Bitcoin to get a higher price.

Virtual-Money

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Quote from: suvo05 on April 05, 2018, 12:58:16 PM

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

Yes,Thats really true,, altcoin only follow the price of bitcoin.Its not harmful to the market.Its Up to the trader how they trade and invest

Tuturtinular

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Quote from: suvo05 on April 05, 2018, 12:58:16 PM

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

From a fundamental point of view, all cryptocurrency is currently in a position pressured by Bitcoin that serves a transit window for many failed investors who are disappointed with the cryptocurrency market and want to withdraw what remains. while cryptocurrency is formed in accordance with the demand / supply ratio, I think the market will remain safe even though the cryptocurrency market condition is currently not conditional.

Coinseeker22

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A lot say that this is healthy, than a consistent decline of the market value. To think of it this attracks investor and minners makes furl money. Exchange as such can also trigger an incline that most of us are waiting. You can see waves of pumping and dumps lately which I agree thatbis healty.

yndye

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Quote from: xprince1996 on October 01, 2018, 06:57:57 PM

It is a good sign that all people are putting their funds to BTC preparing for bull run.

You can consider bitcoin as the driver because wherever it goes, majority of the altcoins are following it. It would be wise to put some funds in bitcoin and then put some in altcoins as well. Altcoins has large movements compared to bitcoin though because it has lesser volume but always be vigilant because some coins are just manipulated by whales for their pump and dump scheme. It is important to have a plan always so that you can avoid losing more funds.

DILUMYLIFE

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It is normal to price of the coins going Up & Down al the time, Let's believe the bicoin until this cold winter ends.

xprince1996

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It is a good sign that all people are putting their funds to BTC preparing for bull run.

planton96

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Quote from: sinkfish on October 01, 2018, 08:10:33 AM

it might be people are just wanna hodl btc compare other coin. btc is way more stable compare other coin during bear rush, the dmg done is lesser.

All users have been cognizant of it. The cryptocurrency market is determined by the user so that any changes that happened they will still believe in the future of the market. And I have a prediction that market conditions like this will happen long term, so that every user will get used to seeing this happen.

kasturi

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Quote from: Markperop on October 01, 2018, 05:19:16 PM

Quote from: Krendom on October 01, 2018, 06:56:03 AM

btc is like a mother for all altcoin, but not all altcoin price depend in btc price, not like altcoin who still controling by company, btc pure dezentralized, so the price pure from who realy need for transaction.

in my opinion, it would be better if the cryptocurrency depended on the price of etherium. Perhaps in this case there would be a different situation today in the cryptocurrency market.

chances are that lately many altcoins are using ethereum intelligent contract platform technology following the price of ethereum, this can be seen when bitcoin prices soared quite high after the decline, but ethereum prices and some other coins did not follow but experienced a significant decline.

Landakhitam

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Quote from: Krendom on October 01, 2018, 06:56:03 AM

btc is like a mother for all altcoin, but not all altcoin price depend in btc price, not like altcoin who still controling by company, btc pure dezentralized, so the price pure from who realy need for transaction.

Bitcoin price definitely impacts the alts because all the alts pair with Bitcoin or Ethereum and the price of Bitcoin rise or fall should be affected as per my knowledge in this. It is not a good sign actually but there is no other option for alts as of current market situation.

Markperop

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Quote from: Krendom on October 01, 2018, 06:56:03 AM

btc is like a mother for all altcoin, but not all altcoin price depend in btc price, not like altcoin who still controling by company, btc pure dezentralized, so the price pure from who realy need for transaction.

in my opinion, it would be better if the cryptocurrency depended on the price of etherium. Perhaps in this case there would be a different situation today in the cryptocurrency market.

gabmen

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Quote from: Bellator on October 01, 2018, 10:46:03 AM

Quote from: knuckey on September 30, 2018, 10:34:15 PM

I think it's normal for bitcoin to always be an indicator for all altcoins whether they want to go up or down and bitcoin has the right to get its dominance in the market. Sometimes not all altcoins depend on bitcoin, look at doge that has a high increase, so the main thing that determines is altcoin itself.

Most of the time, the values of altcoins would depend on bitcoin's value. But it isn't totally dependent as there are exceptions as what the trend presents. Bitcoin is dominating and influencial among all coins and it is unquestionable why a little change in its trend would affect the values of other cryptocurrencies.

Well obviously because it's where majority of the market is paired with. I don't know if it's good but it will give you a hint on how your alts will move if it follows bitcoin.

Bellator

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Quote from: knuckey on September 30, 2018, 10:34:15 PM

I think it's normal for bitcoin to always be an indicator for all altcoins whether they want to go up or down and bitcoin has the right to get its dominance in the market. Sometimes not all altcoins depend on bitcoin, look at doge that has a high increase, so the main thing that determines is altcoin itself.

Most of the time, the values of altcoins would depend on bitcoin's value. But it isn't totally dependent as there are exceptions as what the trend presents. Bitcoin is dominating and influencial among all coins and it is unquestionable why a little change in its trend would affect the values of other cryptocurrencies.

sinkfish

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it might be people are just wanna hodl btc compare other coin. btc is way more stable compare other coin during bear rush, the dmg done is lesser.

Krendom

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btc is like a mother for all altcoin, but not all altcoin price depend in btc price, not like altcoin who still controling by company, btc pure dezentralized, so the price pure from who realy need for transaction.

jaocoincrypto18

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Quote from: suvo05 on April 05, 2018, 12:58:16 PM

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

This is not good for those who invested in Altcoin specially if they choose the crap coins for their investments but it will not harm the whole Crypto market because since the beginning the Altcoins will always depend on Bitcoin performance and it have different reliable commodities therefore this is all natural for Crypto currency investment.

knuckey

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I think it's normal for bitcoin to always be an indicator for all altcoins whether they want to go up or down and bitcoin has the right to get its dominance in the market. Sometimes not all altcoins depend on bitcoin, look at doge that has a high increase, so the main thing that determines is altcoin itself.

blitz888

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At this point aren't Bitcoin and Alts supposed to be inversely correlated?

I mean you sell Bitcoin to buy Alts and vice versa. Unless people use Fiat for most of Bitcoins and Alts purchases then they can go up together.

errr I think I just lost all logic and not thinking straight.

Topic: All coin values down and up with BTC! Is it good? (Read 1274 times)