What I think is that the price of Bitcoins is connected with the economy of the country and festive season and everything else.
And so the same things applies to altcoins too, therefore it's not wrong to say that the price of Bitcoins and altcoins is interrelated , since the price are based on the same things.
It's not directly connected but it's more like if A is related to B , and C is related to B too then both A and B are related.
Topic: Altcoin price based on bitcoin price? - page 15. (Read 3456 times)
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 think it is because of a dominance of bitcoin in a market. almost all coin follow bitcoin price about rising and fall but remember it's not all coin.
Beyond all these, I see it more like most traders trying to use the market to increase either their bitcoin or fiat position and in every case, where bitcoin is down, they simply take profit quickly from altcoins and stay out in fiat until further notice and when bitcoin is in a bull run, they simply take profit as well from alts to be a part of the bitcoin long profit.
It is expected, most altcoins trade against bitcoin so a significant dip in the price of bitcoin is surely gpin to affect the altcoin market given that most traders have to buy bitcoin in order to get their hands on altcoins.
Not completely but altcoins needs it to be a bridge so traders and investors can buy it and because bitcoin is going cheaper when they use it to buy altcoins, the demands decrease that leads also to the decrease of the prices of altcoins.
the bitcoin based bitcoin based on the elements are by the elements of the factor of the gía provided or about the policy of the primary policy, but the price of altcoin is fully reserved with gía of bitcoin
Only if you look at it in USD value not in Crypto ,
If the value of Bitcoin in Fiat drops down then the value of alt-coin in Fiat would also drops down,
We could see some alt-coin that is gaining some increase but if you look at it in USD the price would still be the same or the price drops down because Bitcoin value in USD drops down.
If the value of Bitcoin in Fiat drops down then the value of alt-coin in Fiat would also drops down,
We could see some alt-coin that is gaining some increase but if you look at it in USD the price would still be the same or the price drops down because Bitcoin value in USD drops down.
Totally true. Bitcoin is the pioneer of all cryptocurrencies so there's no doubt that most of these altcoins we have, its pricing depends on the first and legitimate cryptocurrency which is bitcoin.
But to me now the trend is changing. Now we can see that even if the bitcoin price is decreasing there are some potentially good altcoin whose price is continue to increase, i think now when people realize that the market is taking some correction then they change divert their investment from bitcoin to some other altcoin which they consider as good for investment. 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 the current market is fluctuating at bitcoin prices, only a small bitcoin adjustment will cause altcoin to adjust, so when trading altcoin you need to always observe and track bitcoin prices. The market is bearish in the long run so bitcoin prices may continue to decline at any time, you should be careful in every transaction. 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
One of the principal reasons why Altcoin and Bitcoin charges are intrinsically tied is because in most exchanges, the most famous trading pairs are of the shape altcoin/bitcoin. During most of the cryptocurrency trades, you purchase/promote altcoin using bitcoin and vice versa. Bitcoin is essentially the USD of cryptocurrency. when USD falls or rises, every currency takes successful in some way. Its some thing comparable with Bitcoin.
Nowadays, often we have noticed the thing is changing. Sometime some alts rise quite high even when BTC falls. I agree with many who wrote, "it will change". Things are already changing and as months are passing by people will more understand the system and things will gradually become better. Traders I guess just fear the fall of BTC and it frightens them to sell off their alts as well. This are changing, being in various trading groups I see people re changing. They trade in altcoins more when BTC is falling.
Yeah, things are gradually beginning to change and things would even change better when we start seeing some coins and tokens with prospect having real life usage as this would make it easy for them to be able to get their own demand and support to bring about its increase in value.Till now we know the market is more driven by speculation which is why it is so easy to see the market react quickly to bitcoin movement but nothing in this life will ever remain the same, most especially as it gets more matured.
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
One of the principal reasons why Altcoin and Bitcoin charges are intrinsically tied is because in most exchanges, the most famous trading pairs are of the shape altcoin/bitcoin. During most of the cryptocurrency trades, you purchase/promote altcoin using bitcoin and vice versa. Bitcoin is essentially the USD of cryptocurrency. when USD falls or rises, every currency takes successful in some way. Its some thing comparable with Bitcoin.
Totally true. Bitcoin is the pioneer of all cryptocurrencies so there's no doubt that most of these altcoins we have, its pricing depends on the first and legitimate cryptocurrency which is bitcoin.
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.That's right. Bitcoin is one ancient coin and its importance in the crypto market makes it almost an influencer for altcoins. This is what you notice whenever you look at the trends, when bitcoin either falls or rises the altcoins follow suit.
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 think that is not always the case, because there is altcoin that rises when bitcoin falls, most people always connect altcoin with bitcoin, but i think it has nothing to do. 
i think yes, we can see now btc is down then many altcoins are down too
although not always like that, but it's often like that
although not always like that, but it's often like that
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. 
yes you are right altcoin price depends on the condition of bitcoin price, when bitcoin price rises then altcoin price also surely will become very expensive and when bitcoin price goes down also surely altcoin price will also fall to take advantage of such moment to buy coin as much as possible.
It may just be. However, there are some altcoin who can go up even though the price of the bitcoin very down because they are supported by positive news and have no FUD in the altcoin.
Altcoins are always based on bitcoin. When bitcoin falls alts fall most of the times. When bitcoin goes up, in a bull market alts again falls. If it's a bear market like the present market, with pump in bitcoin price, alts also moves upwards. A stable BTC market is always good for alts.
Bitcoin being the king literally effects all coins with its movement. It will be good if btc movements doesn't effect alts.
Bitcoin being the king literally effects all coins with its movement. It will be good if btc movements doesn't effect alts.
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
Certainly, all coin's price based on Bitcoin. But this isn't a good thing, because when Bitcoin falls every market turns red.
For that developers should create altcoins which don't depend on Bitcoin or other things.
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