Topic: Altcoins are not independent! (Read 620 times)
Altcoins are still very dependent on Bitcoin. I noticed a connection - when Bitcoin grows in price, the dependence of alts also grows. It may sounds obvious, but BTC will keep it’s influence as long as it is a market leader.
author of rights. I do not understand how many others have not yet understood this. Even when bitcoin sharply begins to grow - the altcoyins will still fall. The market is determined by father bitcoin
I agree that the altcoins are not independent in the direction they move but they are independent in the percentage they can move. That's the entire game while playing altcoins. Which ones will outperform Bitcoin. You play this game to increase your Satoshi stash.
As followers, altcoins can be said to be independent. As we saw recently, if the price of bitcoin has decreased, the altcoin will also follow. We cannot predict the value of this altcoin. The value is always volatile.
Every altcoin bows to the Bitcoin. People who manipulating with Bitcoin are manipulating with every altcoin else. So I guess we can't talk about true independence here. Bitcoin is rightly considered the father of the crypto currency. Another thing is its low level of blockchane and long transactions. They make us think that we should find an alternative.
I think most people know this truth, but sometimes they don't want to admit it. When the bitcoin goes up, altcoins may not all follow the step of BTC, but when the bitcoin falls, all the altcoins must fall with this. This is the fact.
I think that over time the situation will be better and some altcoins will become independent.
How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...
Of course they are not independent, but that is the same with the stock markets, the bonds and other financial instruments, they all move more or less at the same time.
It relates to BTC in orice, value and any change in the market.
they depend on the world's events and so on, and they also depend on btc which has very strong influence on the whole crypto market in the real tim and will have in the future, and this situation needs in solution in nearest time as other have mentioned here quite earlier.
Altcoins depend on Btc and it is not a secret at all. This connection is too hard and I am sure that there could be a lot of problems thanks to it in the future.
I completely support your thoughts, this is a good explanation for many newbies who have joined the market recently. Prices depend on market trends, they don't show whether a project is alive or not, many sheetprojects have closed but their tokens are still tradable 
I agree that altcoins are not independent, altcoins can't stand alone without the help of the foundation of all cryptos and that is the bitcoin. Their prices are usually depends on the bitcoin's price, especially those altcoins who paired with BTC in the crypto exchanges.
you are right. Whether the price of BTC or ETH or .. something sharp drop can not judge whether it will or is dying. We can not predict anything, if the BTC price goes down, it can also go up as fast and out as the end of 2017. Unpredictable.
Altcoin is not queen and it's cost is dependent on the cost of bitcoin. The encompassing ass is that bitcoin is the imperator crypto and has even frank over the amusement fair.
Your explanation in this thread has answered the bounty of the bounty hunter, the answer that you give that altcoin is not independent, that is true, which means that Ethereum will not die and will not reach high prices without being accompanied by other altcoins, in my opinion it depends on the price of Bitcoin too
I agree with you because Altcoin only follows the prices on the market from Bitcoin. therefore bitcoin is also called the king of coins.
Nobody doubts that Bitcoin is a leader in the crypto-currency market, its fluctuations are exposed to all altcoins.
How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...
thank you for your observations! yes, i've noticed it too and also i guess bitcoin is dependend from something i can't figure out yet. but still, alt follows btc indeed "Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...
that's true, actually, the altcoin prices will follow the price of bitcoin. and we cannot predict when the price of crypto will rise. all we can do is wait until the price goes up and hold the coins that we have until the crypto price in the market rise again. we must be able to manage crypto assets well so we do not suffer losses.
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