All coin values down and up with BTC! Is it good? - page 3.

justspare

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Quote from: yslyv on September 24, 2018, 08:28:59 AM

bitcoin is dominating the crypto market and that is why bitcoin price effects all altcoin prices. any sharp movement in the graph of bitcoin effects badly on other cryptocurrencies. i think it will continue like this for a while more.

Well, bitcoin dominating the market is based on the fact that the market is generally speculative in nature and that makes the whole market in its entirety subject to manipulation. For this reason, we have seen a lot of altcoins as just a pump and dump for profit environment with the whales driving the market how they want and that is absolutely one thing only real life usage can curb. So, in the absence of real life usage, it brings about a lesser community of users and so price becomes more speculative.

Quote from: jonatuzc on September 27, 2018, 04:57:46 AM

Yes that is how it would go. And In my opinion, it is just because of the big market share of Bitcoin that is influential in fluctuating the values of market. In other words the whole market moves with Bitcoin.

This is not good because of the fact that the coins other than Bitcoin have their own market as well and the prediction of many cryptocurrencies would have been very clear and easy if their markets were not masked by Bitcoin, but again we do not have a perfect competition at all.

The first mover advantage actually, but I believe as the market matures, this is something that we will get to see less most especially when the alt market start having the ability to stand on their own, and then we get to see people using them in real life for the product with which they are backed on, and for things like this, we will end up seeing real demand and not just some punkish whale manipulating the market to his own benefits.

As long as that speculative aspect remains over real life usage, the chances of seeing the altcoins as just a pump and dump market will always be there and they will keep being tagged with the movement of bitcoin as what whales are doing is to use the altcoin market to increase their bitcoin stash.

jonatuzc

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Quote from: BilboBaggins2018 on July 04, 2018, 08:31:36 AM

I think we could be over the worst of it now

Yes that is how it would go. And In my opinion, it is just because of the big market share of Bitcoin that is influential in fluctuating the values of market. In other words the whole market moves with Bitcoin.

This is not good because of the fact that the coins other than Bitcoin have their own market as well and the prediction of many cryptocurrencies would have been very clear and easy if their markets were not masked by Bitcoin, but again we do not have a perfect competition at all.

Lebrond

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Quote from: Mr.Gun on July 11, 2018, 02:25:11 AM

Quote from: Chuokie on April 05, 2018, 02:51:02 PM

Bitcoin price effect the altcoin value specially when you say BTC price increases then 65-90 % that altcoin value increases too, but their are some altcoin that still dropping even though BTC is going up, because the problem is the number of their contributor does affect also a coin value.

whether or not I think it depends on the price of the altcoin and the time if the bitcoin price rises then all altcoin will go up and so because Bitcoin decreases and altcoin follows its movement so the value of the coin does not depend on Bitcoin

It is quite logical that in this situation most coins have a direct correlation with bitcoin. In the future, when projects gain strength, experience, this dependence should weaken or disappear forever.

yslyv

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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?

it is not good for sure. bitcoin is dominating the crypto market and that is why bitcoin price effects all altcoin prices. any sharp movement in the graph of bitcoin effects badly on other cryptocurrencies. i think it will continue like this for a while more.

Mr.Gun

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Quote from: Chuokie on April 05, 2018, 02:51:02 PM

Bitcoin price effect the altcoin value specially when you say BTC price increases then 65-90 % that altcoin value increases too, but their are some altcoin that still dropping even though BTC is going up, because the problem is the number of their contributor does affect also a coin value.

whether or not I think it depends on the price of the altcoin and the time if the bitcoin price rises then all altcoin will go up and so because Bitcoin decreases and altcoin follows its movement so the value of the coin does not depend on Bitcoin

ballerin and giroud

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This is a common thing that happens in cryptocurrency, and 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.

redsun114

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Quote from: LSt56 on April 08, 2018, 11:51:31 AM

can be said that it is a natural thing, because we know that bitcoin can be used as the parent of altcoins so that children will always follow the parent.

Well I think you are trying to call it a natural monopoly just because it has a huge share in the market and the remaining crypto currencies. That is right. Bitcoin has a huge market cap and has been one of its kinds since 2009. The market of course moves with the fluctuation in the graphs of Bitcoin. But I do not it is good because this hinders the ability and growth of other crypto in the market.

f150

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Altcoin's fate goes up and down in the hands of Bitcoin, because Bitcoin is its parent that if it goes up and down in Bitcoin Altcoin is bound to follow.

Sephire

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Bitcoin is the most popular and followed coin so it is a natural leader of the crypto market both for the up and down side. Still there are times when some coins buck the trend.

CowboyX

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all coins and tokens depend on the bitcoin course ... if the bitcoin grows and all coins if bitcoin falls then all the coins fall. Is it possible that someday altoquin will become independent of the cost of bitcoin? what do the guys think?

tabas

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Quote from: Sermihal on July 04, 2018, 10:33:15 AM

I think it's very bad that everything depends on bitcoin.

You better step off to the bitcoin/crypto market if you think it's very bad.

Quote from: Sermihal on July 04, 2018, 10:33:15 AM

There are so many projects that are much better than bitcoin.

What are those projects that are much better than bitcoin?

Quote from: Sermihal on July 04, 2018, 10:33:15 AM

And these projects are not allowed to develop.

What you mean?

swissgang

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Neither good nor bad, that is what it should be now, it is us who trade altcoins according to bitcoin, we still don't fully trust altcoins so that is normal now but may change in the future.

removebeforeflight

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Bitcoin is always dominates the altcoins and the whole cryptocurrency market. 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.

Sermihal

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I think it's very bad that everything depends on bitcoin. There are so many projects that are much better than bitcoin. And these projects are not allowed to develop.

BilboBaggins2018

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I think we could be over the worst of it now

kolonel_x

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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?

I think it's only to be dangerous for investors, maybe you see a lot of new open-market coins that are far away from ico prices, they keep waiting until the normal bitcoin is up till when

omonuyak

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Bitcoin dominant on the cryptocurrency is not too good because it will limit good idea about other projects and what there actually stand for. Bitcoin is going to do very well in future and all others coins are going to follow and most time vice versa but that put limitations to those coins and put them under crumb.

3DBrushes

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We are still in the beginning stage of cryptocurrencies and Bitcoin has a first move advantage here so it isn't a miracle the market losses faith if Bitcoin crashes. This view might change in the future though, once altcoins became more popular.

anjuara29

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Actually Bitcoin is a king of crypto market and i think all the alt coins are related with bitcoin. And according to many crypto expert bitcoin will go to the moon within this year 2018 If this happen then others coins also will pump. So in that case i can say that, it's good to up and down with Bitcoin as well.

Klovezio

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Quote from: jerimarsella on April 06, 2018, 02:11:13 AM

This is quite nice, however for bitcoin. If the Assistant altcoin owns this is not too good because it based on other cryptos. If it does not have to follow the bitcoin might be better.

Seems bitcoin almost dominates the market and it is not good. I hope there are at least two coins powerful enough to against bitcoin. If we have more powerful coins today, maybe the loss amount of every coin will not follow the bitcoin.

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