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Topic: Altcoin price based on bitcoin price? - page 5. (Read 3456 times)

jr. member
Activity: 84
Merit: 1
September 16, 2018, 09:41:33 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
of course not so each product stands alone, even though at the time of bitcoin fell the price of atlcoin also fell it only evoked panic by market participants because all have their own potential, indeed while the price of bitcoin has always been a reference for altcoins but bitcoin cannot set it up altcoin drop.
sr. member
Activity: 1148
Merit: 300
September 16, 2018, 08:52:48 PM
Sure. There is a strong relationship between them. You can take easy decision if you see this coin relationship. ALT and BTC ratio decrease if ALT coin value drops and if BTC coin value goes up. Same things just opposite ALT and BTC ratio increase if ALT coins value increase and BTC coins value decreases. If you watch market daily or read the history for all coins than it will be so clear to understand. 
I believe that altcoin price is always depending on th ebitcoin price. And we can all see it from the past few years. Bitcoin is really amazing it is the most popular and profitable coin and I believe that it is the center of the crypto market. So if bitcoin is falling the effect of it in altcoin and some other crypto coin is also a huge dip.
member
Activity: 194
Merit: 10
September 16, 2018, 02:46:05 PM
Sure. There is a strong relationship between them. You can take easy decision if you see this coin relationship. ALT and BTC ratio decrease if ALT coin value drops and if BTC coin value goes up. Same things just opposite ALT and BTC ratio increase if ALT coins value increase and BTC coins value decreases. If you watch market daily or read the history for all coins than it will be so clear to understand. 
full member
Activity: 714
Merit: 114
September 16, 2018, 03:30:31 AM
of course the price of bitcoin will have an influence on the price of the altcoin, but the big influence on the change in the price of the altcoin is the interest of investors towards the altcoin

You need not be a crypto specialist to understand it. Just look at the graphs of the tokens. each time, when Bitcoin goes up, the altcoins start to follow it. When BTC is rolling down, the alts lose in their price.
I think it all depends on the platform. but based on the experience I saw, most altcoin prices will decrease when the price of bitcoin drops. it's possible because bitcoin is the most popular crypto.

i think it is only a co incedent because based on my own observation i see that altcoins are more stable while btc is oftenly increasing and decreasing . altcoins value are also based on usd because whenever you check them on etherscan or etherplorer  , you can only see a calculated value of your alts/tokens in usd equivalent .  so thats it , altcoins are not totally based on the bitcoins price because both coins have thier own platform .
full member
Activity: 602
Merit: 118
September 16, 2018, 03:28:22 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



Not only this time the fall in altcoin prices often followed by falling bitcoin prices. Finally gave birth to a separate assumption especially from its users, that "Altcoin price is based on bitcoin price". This thing happens because bitcoin's often used, as a benchmark or indicator of development all cryptocurrency's circulating.
legendary
Activity: 1218
Merit: 1000
September 16, 2018, 02:12:04 AM
of course the price of bitcoin will have an influence on the price of the altcoin, but the big influence on the change in the price of the altcoin is the interest of investors towards the altcoin

You need not be a crypto specialist to understand it. Just look at the graphs of the tokens. each time, when Bitcoin goes up, the altcoins start to follow it. When BTC is rolling down, the alts lose in their price.
I think it all depends on the platform. but based on the experience I saw, most altcoin prices will decrease when the price of bitcoin drops. it's possible because bitcoin is the most popular crypto.
hero member
Activity: 1092
Merit: 501
September 15, 2018, 10:11:53 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


Since you need to buy bitcoin in the first place before you can buy altcoins then it's clear to anyone that has been in this market for a long time, that the market of altcoins moves very closely to the market of bitcoin, but there are differences and those small differences allow you to earn a lot of money if you are smart and know how to trade your coins at the right time.
newbie
Activity: 43
Merit: 0
September 15, 2018, 02:22:44 PM
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: 476
Merit: 100
September 15, 2018, 10:41:59 AM
of course the price of bitcoin will have an influence on the price of the altcoin, but the big influence on the change in the price of the altcoin is the interest of investors towards the altcoin

You need not be a crypto specialist to understand it. Just look at the graphs of the tokens. each time, when Bitcoin goes up, the altcoins start to follow it. When BTC is rolling down, the alts lose in their price.
newbie
Activity: 27
Merit: 0
September 15, 2018, 07:25:05 AM
Who can tell me about Bitcoin in the near future? buy $ 10,000 price down too much  Sad Sad Sad
sr. member
Activity: 798
Merit: 258
September 15, 2018, 06:51:07 AM
That's not true where altcoins base on bitcoin price value, But the price of altcoin affects when bitcoin goes up but not all alts affect by it due to there are few of them also got increased while bitcoin increasing. Therefore, it is still depend on the volume market in the altcoins in my way of thinking of this things.
full member
Activity: 476
Merit: 100
September 15, 2018, 06:36:59 AM
yes you are right I think the condition of the altcoin price has a dependency on the condition of the price of bitcoin if the price of bitcoin has risen in price then the condition of the altcoin price will also rise and that is absolute.
newbie
Activity: 218
Merit: 0
September 15, 2018, 05:35:44 AM
Prior to 2018, altcoins were based on BTC prices, but altcoin prices are currently trending in a different direction, perhaps in line with market trends and project trends.
full member
Activity: 364
Merit: 100
September 15, 2018, 04:58:06 AM
I think, altcoin prices are based on the price of bitcoin because I see that when the price of bitcoin goes down, almost all altcoins also have prices that go down and if the price of bitcoin goes up, it will be followed by the price of the altcoin which will also rise
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
September 15, 2018, 04:24:52 AM
the altcoin will adjust their price with bitcoin price and if bitcoin price is down, the altcoin will decrease too so you need to check the altcoin price before you decide to buy the altcoin. as we see on the market, the altcoin now is down too deep because of bitcoin price is down too deep but I am sure that in one day, the altcoin and bitcoin price will increase again. so I think we need to use this opportunity to buy bitcoin and altcoin as the price is on the bottom price so we can expect to make a big profit in the future.
member
Activity: 364
Merit: 10
September 14, 2018, 11:27:53 PM
of course the price of bitcoin will have an influence on the price of the altcoin, but the big influence on the change in the price of the altcoin is the interest of investors towards the altcoin
newbie
Activity: 294
Merit: 0
September 14, 2018, 09:56:19 PM
Most of the peoples of this fourm know cryptocurrency means bitcoin.As a result most are involving to bitcoin trading.This correct that if bitcoin price down the altcoins price is down too because another altcoins based on bitcoin.
full member
Activity: 420
Merit: 101
September 14, 2018, 04:03:56 PM
Mostly yes, all altcoins in the current moment fully depend on BTC in my opinion, BTC is the deciding trend in current crypto reality.
newbie
Activity: 43
Merit: 0
September 14, 2018, 03:58:35 PM
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.
full member
Activity: 420
Merit: 102
September 14, 2018, 11:33:26 AM
Yes price of bitcoin affects the prices of the most altcoins,if bitcoin falling down then altcoin follow the bitcoin step to go down,and i think it will be always happen in future since altcoin is adjusted their price with bitcoin
I think the price of bitcoin has a big impact to all of the cryptocurrency, since bitcoin is considered to be the king of cryptocurrency, it will have an effect to all coins whenever it gets high or low.
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