Topic: Altcoin price based on bitcoin price? - page 20. (Read 3456 times)
Bitcoin remain the most successful coin till date! Bitcoin network is mature, extensive and is working. Most altcoin are yet to find there footing and will still need to depend on bitcoin to carry them!
actually alt coin made "alt" which means besides something, make altcoin as an alternative coin from Bitcoin. But as there is no direct way to buy some alternative coins, Bitcoin and ETH also become tunnels or bridges to buy these coins.
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 notice that when i was a beginner here in our forum and also i read some article and thread that when the price of bitcoin fall the other coin or token also falling down and i think the reason why because they depend on what is the bitcoin price.
Altcoin prices dropping as bitcoin prices decrease is fundamental. This is the process of cutting the investor's double hole: D
Yes it is same as which you have observed, Bitcoin is a king and all other coins are working according to them If the unexpected movement will occur in the price of bitcoin than all other coins will be affected very badly and the price is going to the dark red zone in some time because bitcoin directly effect 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
Most altcoins are sold through btc and eth with a certain exchange rate, so it's natural that the price of btc decreases will affect the price of the altcoins, which will also reduce the price. In addition, investment in the altcoins is also through investment or otherwise buying btc firstly. 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
Should not be. But I also have seen that.
I am trying to monitor one altcoin and as I my history says it looks like what you have said.
Leaning with bitcoin. No stand alone price. How could that be.
I am guessing because of the exchange. If you look at CMC, you will see there are just three conversions. USD, BTC an ETH. It is like because of this converting thing that we see the altcoins getting more dumped.
But there are some which does not. So I guess it will be investor thing ot the day trade could be the culprit.
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
this is what you see if bitcoin price is falling down and the altcoin will follow down too. I think this will always happen like this in the future and since altcoin is adjusted their price with bitcoin, altcoin can down too deep if bitcoin is down for more. people hold altcoin because they want to make more bitcoin, but suddenly, bitcoin is getting down and they cannot sell their altcoin because this will makes them getting lost. so they should hold for a while until the altcoin price increases back.
Yes,all altcoins is base on bitcoin because all altcoin is trade on bitcoin so that altcoin become a fiat money and the price also is depending on bitcoin if the bitcoin will goes down all altcoin will goes down and people like to goes down the price of bitcoin because all investors can buy in a low price in altcoin or bitcoin and get a good profit if the price will recover.
yes, what you're saying is true and I agree with you. and if we can see in the market, whenever bitcoin is down, there will be any altcoin that still increases and the price does not depend on bitcoin price. and usually, the trend of this coins is not correlated with bitcoin price and its changing by itself. I see the coins like this is available on bittrex and other exchanges and it is not adjusted with bitcoin price.
Indirectly yes, directly no.
Each altcoin in the long run follows the order of development and thus depending upon which there are more or less investors that pops in. This gives the project different lead and then from there onwards altcoins starts getting the different prices.
What we see in the market on daily basis is just the ups and downs of the whole market capitalism thats causing them (BTC & LTC) to go up and down all the time.
Its not really related with BTC or ALT.
Each altcoin in the long run follows the order of development and thus depending upon which there are more or less investors that pops in. This gives the project different lead and then from there onwards altcoins starts getting the different prices.
What we see in the market on daily basis is just the ups and downs of the whole market capitalism thats causing them (BTC & LTC) to go up and down all the time.
Its not really related with BTC or ALT.
yes you are right altcoin price depends on bitcoin price, when bitcoin price weakens then bitcoin price also weaken while if bitcoin price rise then altcoin price will also rise become very expensive.
Both have deflationary properties, with supply set steadily tapering up to the next few years so the price of both is almost the same in terms of not quantity but rising and falling prices.
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
There is always some direct and indirect correlation between the two. In the last year there was completely different scenario of the bitcoin and altcoins. In that case when BTC used to go upward then ALT used to come down. Because people had feeling that this is the time when BTC wil profit more and thus they immediately used to sell the ALT and trade it to the BTC. Thus BTC used to spike even further. Vice versa was also true about this pair.
However after the 2018 things have changed, they have got directly proportional to each other and whenever there is downfall of the BTC then there is downfall of the ALT and vice versa. Why it is so, its difficult to say.
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 notice that when i was a beginner here in our forum and also i read some article and thread that when the price of bitcoin fall the other coin or token also falling down and i think the reason why because they depend on what is the bitcoin price.
Yes, in most cases the of altcoin based on bitcoin price cause altcoin are trades against bitcoin. Besides, bitcoin is the head and once the head is affected the area part of the body is also affected
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.
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
this is what you see if bitcoin price is falling down and the altcoin will follow down too. I think this will always happen like this in the future and since altcoin is adjusted their price with bitcoin, altcoin can down too deep if bitcoin is down for more. people hold altcoin because they want to make more bitcoin, but suddenly, bitcoin is getting down and they cannot sell their altcoin because this will makes them getting lost. so they should hold for a while until the altcoin price increases back.
Yes,all altcoins is base on bitcoin because all altcoin is trade on bitcoin so that altcoin become a fiat money and the price also is depending on bitcoin if the bitcoin will goes down all altcoin will goes down and people like to goes down the price of bitcoin because all investors can buy in a low price in altcoin or bitcoin and get a good profit if the price will recover.
Yes, if bitcoin falling down then altcoin follow the bitcoin step to go down. But, it is not for all altcoin. Most of altcoin can be impactful with bitcoin price.
And if bitcoin going up, it's the same situation for altcoin that will be falling down.
And if bitcoin going up, it's the same situation for altcoin that will be falling down.
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
Should not be. But I also have seen that.
I am trying to monitor one altcoin and as I my history says it looks like what you have said.
Leaning with bitcoin. No stand alone price. How could that be.
I am guessing because of the exchange. If you look at CMC, you will see there are just three conversions. USD, BTC an ETH. It is like because of this converting thing that we see the altcoins getting more dumped.
But there are some which does not. So I guess it will be investor thing ot the day trade could be the culprit.
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
this is what you see if bitcoin price is falling down and the altcoin will follow down too. I think this will always happen like this in the future and since altcoin is adjusted their price with bitcoin, altcoin can down too deep if bitcoin is down for more. people hold altcoin because they want to make more bitcoin, but suddenly, bitcoin is getting down and they cannot sell their altcoin because this will makes them getting lost. so they should hold for a while until the altcoin price increases back.
Yes,all altcoins is base on bitcoin because all altcoin is trade on bitcoin so that altcoin become a fiat money and the price also is depending on bitcoin if the bitcoin will goes down all altcoin will goes down and people like to goes down the price of bitcoin because all investors can buy in a low price in altcoin or bitcoin and get a good profit if the price will recover.
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
this is what you see if bitcoin price is falling down and the altcoin will follow down too. I think this will always happen like this in the future and since altcoin is adjusted their price with bitcoin, altcoin can down too deep if bitcoin is down for more. people hold altcoin because they want to make more bitcoin, but suddenly, bitcoin is getting down and they cannot sell their altcoin because this will makes them getting lost. so they should hold for a while until the altcoin price increases back.
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