Topic: Altcoin price based on bitcoin price? - page 16. (Read 3456 times)
yes,when bitcoin price is falldown all altcoin price is decrease because all altcoin price depend on bitcoin price so this all based on bitcoin only and all happen in coin market.
People have been using TA for the past 6 months and have continued to change their stance based on another (cherry picked) graph they pulled some sort of image out of with a new prediction. Crypto is still too new in growth to use any indicator as a reference point.
altcoin based price using bitcoin price but this is not for all of the altcoins because even if bitcoin moves to somewhere, there are any altcoin that is not getting an impact of bitcoin price. but we cannot deny that mostly, altcoin price based on bitcoin price especially for the coins which are the oldest coin and the expensive coin in the market like ethereum, dash, zec, monero and litecoin.
Probably no at the first im also thinking that but when i observe the btc is mooning there is so many coins are also dumping so we can't say that
Yes, exactly, altcoin prices depends from Bitcoin, so if you look at BTC price going up or down, you can see the same with altcoin too. In some cases, altcoin price also depends from market buy or sale trends, but mainly all altcoins depends from 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
Its not 100% true at all. They never follow each other because there price dependency is merely a hypothesis of current market reaction. All atlcoins have there different modes of development and depending upon which they will get different output in terms of market cap, investors support and thus prices move accordingly.
What we see on regularly basis is the whole market cap moving up and down and thus total market and including all the altcoins within it decides the prices. We feel that bitcoin is being followed, but its not.
Well it's true that it's not true that the value of the altcoin are dependent on the value of bitcoin but somehow at the current situation of the cryptocurrencies we couldn't avoid to think that yes it could be dependable upon the situation of bitcoin today. And I'd still believe that bitcoin is the most profitable coin of all crypto that's why value of altcoin is somehow dependent on it.
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,altcoin is base on bitcoin price.because bitcoin is the mother of all coins.not all but majority is base on it.so if the price of btc is down then many altcoin is also down their value.
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
The prices of altcoin is depending on Bitcoin prices.But now the things are changing,there are few coins which are surviving independent in the market like Ethereum, Bitcoin cash.These dependency happens due to two reason,one is the alts are generally new to the market and people don't have that trust as they have in old coins like Bitcoin and now ethereum also.Second thing is Lack of information in people.They are still few people who don't even know what there are few other coins other than bitcoin.Things are changing slowly and impact of alts has increased considerably after this fall of Bitcoin.
When the value of Bitcoin rises altcoins lose value, or at least their price in BTC falls and when it falls they have to rise but not always
Well, most of the time, the price of altcoins now depends on the price of BTC, when the price of BTC drops, the prices of other altcoin also decrease so I think investing in BTC is the most reasonable.
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
Its not 100% true at all. They never follow each other because there price dependency is merely a hypothesis of current market reaction. All atlcoins have there different modes of development and depending upon which they will get different output in terms of market cap, investors support and thus prices move accordingly.
What we see on regularly basis is the whole market cap moving up and down and thus total market and including all the altcoins within it decides the prices. We feel that bitcoin is being followed, but its not.
I think altcoin price is based on bitcoin price? Altikins price is also downfall as I've noticed Bitcoin's price has fallen for the last few days.
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.
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.
EOS and ETH clearly show some signs of independence from time to time. The rule will be broken some day.
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
The prices of altcoin is depending on Bitcoin prices.But now the things are changing,there are few coins which are surviving independent in the market like Ethereum, Bitcoin cash.These dependency happens due to two reason,one is the alts are generally new to the market and people don't have that trust as they have in old coins like Bitcoin and now ethereum also.Second thing is Lack of information in people.They are still few people who don't even know what there are few other coins other than bitcoin.Things are changing slowly and impact of alts has increased considerably after this fall of Bitcoin.
I think theres no direct affect on altcoins but because bitcoin is the most common currency on exchanger it affects the other altcoins.Since most of the people exchange there altcoins to bitcoin so the market takes the volume of the people who exchange so if the other altcoins is demmand it also affect the other altcoins.
Although bitcoin do not have any direct relation with bitcoin, but as bitcoin is founder of all crypto currency and still bitcoin is the topmost crypto currency therefore we can say that it will have some effect on their price, if there is panic selling in bitcoin we will even see the whole market as in downward direction.Yes, this is still the situation, in most of the time. Probably will change in a couple of years, and there are always some of course, moving solely for a period of time, but generaly, they are moving to the same direction.
It is very unlikely we are going to see any change of that situation in the market bitcoin is still going to be the most dominant coin for a lot of time and it can be argued that many of the current coins would not even exist and this could make the dominance of bitcoin even higher so in my opinion you are mistaken about your prediction I think bitcoin is going to be dominant for decades if not for the entire existence of this market.
Price of crypto currencies are related to bitcoin price as its the leading coin with the most popularity so when it rises or drops it affects the entire market
yes you are right bitcoin price will affect altcoin price because bitcoin price is a benchmark of altcoin price so that when bitcoin price collapsed then altcoin price will also experience destruction. so hopefully bitcoin can be very expensive so altcoin can also be very expensive.
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