Obviously. The price of the altcoins are depending on bitcoin. If the price goes down then price of altcoin also gets down. There is a connection of them directly or indirectly
Yes in my opinion it happened because Bitcoin is the center of all Altcoins currently in circulation. Bitcoin can be mentioned is the Mother of all coins. so if the price of Bitcoin falls all prices of Altcoin will drop following it, that's because traders sell their Altcoin for their bitcoin. 
Topic: Altcoin price based on bitcoin price? - page 7. (Read 3456 times)
Obviously. The price of the altcoins are depending on bitcoin. If the price goes down then price of altcoin also gets down. There is a connection of them directly or indirectly
You could say that bitcoin price is partly responsible for altcoin price, as you can see when market or btc in particular is down/up you will predict that the altcoins will soon go to the direction where bitcoin is going. If you want to see a big move in altcoins bitcoin needs to be stable in his price action so that investors can pour their money into altcoins. Bitcoin is still the king of the cryptoverse and altcoins need to go down their knees if bitcoin want it. lol 
As I observed in it, when bitcoin price goes up most of the altcoins value goes down only few of them are getting increased too while bitcoin was
rapidly increasing its price value. Meaning, there is an effect then whatever happens on bitcoin altcoins affected it also.
rapidly increasing its price value. Meaning, there is an effect then whatever happens on bitcoin altcoins affected it also.
No, not all. There are blocks of cryptocurrencies with a price dependent on each other's value. Ethereum, for example, is not always dependent on the value of Bitcoin.
The altcoin is a competitor to the bitcoin , so when the bitcoin price increases the altcoin price decrease and when the altcoin increases the bitcoin price increases in this favor the altcoin price is not dependant upon the bitcoin but rather a codependent work
We know that Bitcoin is base currency and all the crypto coins are of same nature that is its digital form. Now Bitcoin has great importance and whenever the price of Bitcoin alters then it has a clear affect on Altcoin as well due to the same nature it causes same perception. Now Bitcoin’s price is on its ways towards high target which will bring success for Bitcoin’s users. Of course, very many coins depend on bitcoin, but there are coins with the product and technology and when all the coins fall they show growth
I am really shocked to see such different comments and ideas. Every time I came here in this section, there is something new coming out form deferent people. Now as you are combining these two things that are completely different and independent of one another in my opinion. But who knows which one is right and what is wrong with this bitcoin and altcoin relationship. 
yes you are right altcoin price depends on the condition of bitcoin price when bitcoin price increases then altcoin price will also easy to experience price increase so when bitcoin price fall you have to get ready altcoin will fall too.
Bitcoin's price movement generally affects altcoin prices. Especally now increase of alts value is highly correlated with the increase of BTC.
If you look at the current price movement, then your opinion is very much blamed. The bitcoin price rises by itself is not accompanied by some altcoin. Bitcoin prices rise due to information about ETFs and make significant price increases.
now is BTC price depend altcoin BTC is a move in not up altcoin I think a great time to buy altcoin
Alts do not only have their prices based on bitcoin lately, we do see them on their dollar value as well. Which can be really useful for people who are not from usa because dollar is really valuable compared to many countries.
For example when bitcoin was worth 20k back in december, it was worth x in my country, now if bitcoin worths 15k it will worth x in my country all the same. So when crypto currencies worths some amount in dollar value when you convert it to your own countries currency it is actually not losing value its actually gaining value.
The altcoin is a competitor to the bitcoin , so when the bitcoin price increases the altcoin price decrease and when the altcoin increases the bitcoin price increases in this favor the altcoin price is not dependant upon the bitcoin but rather a codependent work
Bitcoin's price movement generally affects altcoin prices. Especally now increase of alts value is highly correlated with the increase of BTC.
If you look at the current price movement, then your opinion is very much blamed. The bitcoin price rises by itself is not accompanied by some altcoin. Bitcoin prices rise due to information about ETFs and make significant price increases.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
Altcoins prices are not directly based on bitcoins but it was based on ethereum and eth coin is tether to bitcoins that's why all the prices in the market is dropping when bitcoins is decreasing its price.
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 are many Altcoin / Bitcoin trading pairs on the exchange. When they make a profit from the altcoin trade, they will sell them off bitcoin. When bitcoin prices are likely to drop then altcoin go to drop too dramatically due to a sell-off, there are very few coffins with altcoin/usdt trading on the market today. 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, Bitcoin is the strongest currency in the crytocurrrency market so it definitely determines other currencies. You can see its market capitalization is huge, other currencies are also trading based on bitcoin platform 
I think if he can see what is going on the market, he will understand why altcoin price based on bitcoin price. we see that bitcoin price is down and the altcoin gets an impact for this. many of altcoin is going to back to the price before and some of the altcoins is going to down too deep without any chance to get up soon. so I think in a few days ago, actually is the best time to sell the altcoin that we have so we can buy back again at this time.
now is BTC price depend altcoin BTC is a move in not up altcoin I think a great time to buy altcoin
Maybe because what btc moves is the same with altcoins. Btc is the king and they are under so for most of the time their movement is depend on how btc will move. Of course if you're an altcoin trader, you may want to based your next moved according to the move of King.
Since my days of cryptocurrency trading bitcoin dictates the price of altcoin. Bitcoin is the first cryptocurrency before any other altcoins was created. It have the most dominance and controls the cryptocurrency market. Where there is rise in bitcoin, altcoins bleed and when bitcoin falls in price altcoins also bleeds. If you follow bitcoin chart you will notice thats altcoins follows the pattern of its chart. Altcoins only increases when bitcoin maintains and halts its movement.
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 most of altcoins are traded for Bitcoin, which means you can only buy them (or sell) using Bitcoin. If the Bitcoin price drops down you can usually observe the same move in regard to the altcoin price chart. Also altcoins are (usually) crypto currencies. Therefore alt’s prices will react the same way as Bitcoin in case of government regulations (or macroeconomic factors) concerning crypto currencies.
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