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Topic: Altcoin price based on bitcoin price? - page 10. (Read 3456 times)

member
Activity: 546
Merit: 12
July 11, 2018, 02:26:51 PM
If you look at the history of changing the prices of bitcoins and altokones, you can trace the pattern in which the relationship is visible. Bitcoin is the basis of all crypto currency.
Yes that's true.History has proven that the market us really dominated by BTC. Also, according to CMC the domination valuation is over 40% and so it shall take a long time for this to wear off. Until then, I guess we'll need to rely on BTC price on the market for a long time.
newbie
Activity: 63
Merit: 0
July 11, 2018, 02:10:07 PM
Because most altcoins are traded with bitcoin. They tend to follow the king.
sr. member
Activity: 630
Merit: 258
July 11, 2018, 02:06:47 PM
Of course not, the company of alternativecoin are not basing to the price of bitcoin although
they are competitors in this kind of business and industry but they are separated functionally and they are different by the way.
full member
Activity: 623
Merit: 100
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
July 11, 2018, 10:33:37 AM
Yes, I agree with you. I am here from July 2017. I have Researched by own and the result is Altcoins price based on bitcoin price. If bitcoin down then not only altcoin down, the crypto market will down too. If bitcoin price will pump then the crypto market will pump too.
sr. member
Activity: 476
Merit: 250
July 11, 2018, 09:17:38 AM
Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down



a portion of the altcoin based their cost with bitcoin and they watch the bitcoin cost for the change. as should be obvious in the market, numerous altcoins are getting down when bitcoin cost is down and will take after to go up when bitcoin cost is up as well. this will dependably happen and it will like this later on as long as bitcoin as yet driving the altcoin, altcoin will base their cost with bitcoin except if there is another innovation that will superior to bitcoin then perhaps digital currency will change to something new.
full member
Activity: 378
Merit: 100
July 11, 2018, 09:09:40 AM
Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down



Yes it is, ethereum is tether to bitcoins as you can see in the market price and most of the altcoins in the market that are newly introduced or released has base price depending on ethereum so you should always expect that bitcoins affects everything.
jr. member
Activity: 80
Merit: 1
July 11, 2018, 07:48:14 AM
Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down



In my own opinion, altcoins price is not exact based on bitcoins but most of the ico tokents today are based on ethereum which is tether to bitcoins and that is the reason why every cryptocurrency is affected when the price of bitcoins decreases in the market.

some of the altcoin based their price with bitcoin and they watch the bitcoin price for the adjustment. as we can see in the market, many altcoins are getting down when bitcoin price is down and will follow to go up when bitcoin price is up too. this will always happen and it will like this in the future as long as bitcoin still leading the altcoin, altcoin will base their price with bitcoin unless there is a new technology that will better than bitcoin then maybe cryptocurrency will change to something new.
When the price of bitcoin drops you should invest in very low price coins because they have very little or no effect of bitcoin price. Already their prices are very low. How much they will drop more. I think small coins are good for small investors because small coins have great potential and you can make big money if the price increases a little bit.
newbie
Activity: 141
Merit: 0
July 11, 2018, 01:07:30 AM
Obviously. The price of the altcoins are depending on bitcoin. If the price goes down then price of altcoin also gets down. There is a connection of them directly or indirectly.
Bitcoin is known as base currency which has control over other cryptocurrencies on the basis of its affects. The stock market and other cryptocurrencies also goes with the Bitcoin which is said by experts and said further that it will act independently in future and will not effect other currencies. Altcoin and other best coins moves with the Bitcoin as explained due to its base currency honor.
jr. member
Activity: 182
Merit: 1
July 10, 2018, 08:10:23 PM
No, the BTC is the leader and has a great influence on the price of other coins, but it is not actually the price of other coins as you think.
newbie
Activity: 84
Merit: 0
July 10, 2018, 07:14:43 PM
Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down



I believe all Alt coins are heavily influenced by the market price of Bitcoin and Ethereum.
Considering most Alt coins have their equivalent prices in Bitcoin and Ethereum are moreso run on both Bitcoin and Ethereum blockchain.
Therefore, with this immediately the price of either Bitcoin or Ethereum goes down such All coins will be significantly affected.
Likewise it vise versa.
member
Activity: 448
Merit: 10
July 10, 2018, 05:39:15 PM
I think that is the general decline of electronic coins. No need to relate to each other because the entire market is down
Yes both of them are defect but to some extent bitcoin has the power of changing the price of other altcoins because bitcoin is the first digital currency which was invented and after that all of the altcoins ash come into being, so I think if the price of bitcoin will be down and people will say negative about bitcoin then all other altcoins will be down automatically.
hero member
Activity: 1302
Merit: 577
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July 10, 2018, 10:01:59 AM
Altcoin is proportional with bitcoin,
If bitcoin increase, altcoin also increase, bitcoin decrease, altcoin also decrease.
look also that this is may depends on what we may ever have to witness for here i may also see that bitcoin up altcoin down well as what i said and observe also here this is depends on how the market moves on.
full member
Activity: 279
Merit: 100
July 10, 2018, 09:48:41 AM
Altcoin is proportional with bitcoin,
If bitcoin increase, altcoin also increase, bitcoin decrease, altcoin also decrease.
newbie
Activity: 210
Merit: 0
July 10, 2018, 08:02:25 AM
Not altcoin prices are based on BTC prices, but altcoin is trending to btc, as btc increases, altcoin prices go up and vice versa.
full member
Activity: 616
Merit: 103
A Blockchain Mobile Operator With Token Rewards
July 10, 2018, 07:31:26 AM
If that altcoin/s ia pairing with bitcoin on crypto markets, then I really believed that it's price is based on bitcoin's price. It means that , when bitcoin's price is pumping it is the same with the altcoins who paired with it.
newbie
Activity: 154
Merit: 0
July 10, 2018, 07:17:20 AM
Altcoins will be depending on bitcoins price forever, until some of the other cryptocurrency will replace bitcoin from its place in my opinion.
member
Activity: 151
Merit: 10
Stalker.network - POS Smart Contract ETH Token
July 10, 2018, 01:42:41 AM
This will continue to happen as long as BTC dominance stays how it is or even higher , altcoins dependence on btc as its major trading pair is the factor responsible for this.

see the general chart on CMC to see how btc made alts to follow its graph pattern
member
Activity: 420
Merit: 18
July 09, 2018, 03:26:35 AM
the whole altcoin industry is based on bitcoin until bitcoin prices increase altcoin prices too stay downtrend both the price movement are directly propotential until we see alternative currency which is directly proportional bitcoin is dominant in the industry
legendary
Activity: 1232
Merit: 1029
July 09, 2018, 02:55:06 AM
The whole crypto market is mainly dominated by Bitcoin. As of now BTC dominance in the market has rose to 42.7%. So, it greatly affects the price of all the altcoins when BTC moves, be it up or down. When Bitcoin goes down the whole market crashes along with it and when it goes up all I can see is green everywhere in the market.
Totally dominated and we can say that is because with bitcoin being the first, it has more community of supporters than any other coin who are more like die-hard fans.

Most times, altcoins only do better with bitcoin in some sort of consolidation, but every other huge movement in bitcoin affects altcoin pretty badly and that for now is something we just have to keep dealing with until further notice probably when altcoins will be able to stand on their own, but for now, Bitcoin depicts the market movement.
jr. member
Activity: 139
Merit: 1
July 09, 2018, 02:32:55 AM
I think that is the general decline of electronic coins. No need to relate to each other because the entire market is down
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