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Topic: Altcoin price based on bitcoin price? - page 14. (Read 3456 times)

hero member
Activity: 840
Merit: 516
June 30, 2018, 02:06:57 AM
Yes, the altcoins price is really depends on the market movement of bitcoins  once price of bitcoin fluctuate other coins will also follow.
There was a time in last year, when these two are used to be reciprocal of one another. But now, they seems to be directly proportional. I am not still sure that whether they are direct or indirect but whatever it is, things are quite good here in crypto. You can make healthy earnings from this. Altcoins are good too to make short term trading and earning on daily basis. Do try them.
hero member
Activity: 812
Merit: 500
June 29, 2018, 06:53:43 PM
Bitcoin fluctuation of price directly and indirectly effect the altcoins price.Altcoins still need more homework to stable and survive own platform to be independant.May be in future it can be possible but not seems in near future,Good luck altcoins.
member
Activity: 406
Merit: 10
June 29, 2018, 05:47:31 PM
Altcoins are following Bitcoin movement. When there is a dip usually Altcoins decrease even more but when there is an  increasing
market altcoins can grow much faster than BTC. This is the reason investing in them//
MMA
legendary
Activity: 1134
Merit: 1000
June 29, 2018, 01:32:35 PM
I don't really understand how the altcoins rate can be tied to the bitcoin rate? They have different blockchain,different owners,different goals...However,we see altcoins falling with bitcoin or growing with it. I'm confused...
Actually bitcoin is the main crypot currency, bitcoin is the very first currency created and other altcoin are following it. For most of the investors bitcoin is the main currency for investment  while they are using other crypto currencies as an optional, therefore when bitcoin price start decrease they also worrying about the decrease in price of other altcoin,.
member
Activity: 166
Merit: 10
June 29, 2018, 01:01:51 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


Someway somehow All the cryptocurrencies are depending on the Bitcoin price, so by moving of the Bitcoin price we can predict all the currencies to fall or to grow.
hero member
Activity: 1246
Merit: 534
June 29, 2018, 12:36:56 PM
It`s not directly based but in reality, there is correlation. At least with ethereum it`s clearly visible from any graph.

Many say exactly that: the price of bitcoin determines the crypto market and inadvertently thus all altcoins. The reason for this is because BTC is the first crypto to have come into existence as relying on blockchain
newbie
Activity: 32
Merit: 0
June 29, 2018, 12:19:17 PM
It`s not directly based but in reality, there is correlation. At least with ethereum it`s clearly visible from any graph.
newbie
Activity: 42
Merit: 0
June 29, 2018, 11:58:30 AM
Altcoin is not centralized on bitcoin,they all move with market trends,all coins have one strategy and one portfolio, so when they crypto market moves up they whole coin moves and when it drops,all coin will drop.
hero member
Activity: 952
Merit: 500
June 29, 2018, 10:56:01 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


No its not but they actually have a one move when bitcoins started to fall because the whole crypto money is decreasing by means of pulling out and panic selling for all crypto. There is only a certain scenarios that this all happens bit not all the times it depends on its dominance.
I agree.Not just altcoins are dropping its price,but the whole crypto market.Based on the charts from the previous years,bitcoins and altcoins perform different directions,bitcoin is having its upward trend while altcoins are falling down and vice versa.It's just this year 2018 that they move in similar ways.Bitcoin is having its struggles today to recover from its bloody market,same with altcoins who are also having their dump price too.
sr. member
Activity: 784
Merit: 255
June 29, 2018, 10:02:39 AM
I don't really understand how the altcoins rate can be tied to the bitcoin rate? They have different blockchain,different owners,different goals...However,we see altcoins falling with bitcoin or growing with it. I'm confused...
member
Activity: 217
Merit: 10
June 29, 2018, 09:38:36 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


No its not but they actually have a one move when bitcoins started to fall because the whole crypto money is decreasing by means of pulling out and panic selling for all crypto. There is only a certain scenarios that this all happens bit not all the times it depends on its dominance.
full member
Activity: 461
Merit: 101
June 29, 2018, 09:30:37 AM
Too many people think that bitcoin price is related to altcoin price. When bitcoin price is growing on that time altcoin price is growing but this thinking is not work properly because without bitcoin price so many altcoin growing. If you follow Bob coin you can see this market price is growing but nowadays bitcoin price is going to down.
Not actually related but the thing that the demand of the altcoin are depend on the value of bitcoin. This is what I have observed in the market and as the time goes by, as the value of the crypto in the market goes down I learned that the value of altcoin goes dip also as the valye of bitcoin went dipped too.
member
Activity: 294
Merit: 10
June 29, 2018, 08:10:37 AM
Too many people think that bitcoin price is related to altcoin price. When bitcoin price is growing on that time altcoin price is growing but this thinking is not work properly because without bitcoin price so many altcoin growing. If you follow Bob coin you can see this market price is growing but nowadays bitcoin price is going to down.
full member
Activity: 301
Merit: 100
June 27, 2018, 05:25:50 AM
Of course I can say that all alternative coils price or based on bitcoin price, because if Bitcoin is the first currency, so all the other currencies are aligning their price with it
legendary
Activity: 1386
Merit: 1058
June 27, 2018, 02:54:32 AM
EOS and ETH clearly show some signs of independence from time to time. The rule will be broken some day.
Yeah, and even at that, there are still sometime they still respond pretty fast to the move in the market.
There is no doubt though that some of the coins in the market so far are actually trying to stay independent based on the support they have, but that still does not mean they are totally independent and for anyone to just simply be relaxed.

For ETH though, it sure seems like it is really doing great on its own so far.
member
Activity: 308
Merit: 10
June 26, 2018, 06:21:14 AM
Yes, the altcoins price is really depends on the market movement of bitcoins  once price of bitcoin fluctuate other coins will also follow.
newbie
Activity: 124
Merit: 0
June 26, 2018, 02:34:10 AM
In the past few days I did not care about the market because I lost a lot of money when I invested. But I believe this market will soon recover and I will soon get back what I have lost. The current market is almost dependent on the price of the BTC I see so on CMC.
full member
Activity: 392
Merit: 103
www.daxico.com
June 26, 2018, 02:22:38 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


For me altcoins price is not base in bitcoin but since bitcoin is the pillar of crypto currency and it is used asedium for trading in cryptocurrency therefore any price movement of bitcoin affects alt coins as it is traded using bitcoin.
hero member
Activity: 1008
Merit: 501
June 26, 2018, 01:59:13 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


You can see that over the last few years altcoin prices are on a bitcoin basis, bitcoin prices are rising and bitcoin prices are down, altcoin prices are down. It can be seen that bitcoin prices are in the down cycle in the long term and this will cause altcoin to keep falling very deep in the coming time so you need to be careful when trading altcoin.
of course bitcoin is very influential on the crypto market. we know how the role and dominance of bitcoin in cryptocurrency. let alone all altcoin users are bitcoin users. so do not be surprised if bitcoin decreases or increases. will certainly impact on altcoin. thats why when you do altcoin trading. You should also analyze the development of bitcoin prices also
legendary
Activity: 2338
Merit: 1354
June 26, 2018, 01:15:27 AM
For me NO, because the price of each altcoin is based on the market, market is the one who deciding the price of each altcoins. We can say that the price of Bitcoin is also connected on the altcoins because there are some altcoins that is bitcoin pair.
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