Topic: Altcoins are not independent! - page 4. (Read 603 times)
Yeah, man. I think people will read your topic and say, " Yes? okay." Close the page and create a new topic with the same questions you answered. These are people.
If you understand the trading pairing movement, you'll know that altcoins will definitely be dependent on bitcoin as that's the main pair for it as it's mostly can be liquidate to fiat. But now that ethereum can also be seen in majority of exchanges, there will become a time that the altcoins, esp dapps will be independent.
Generally Altcoins depends on the Bitcoin market. The cryptocurrency depends on the market demand. If the demand for cryptocurrency increases, also its price increases. Bitcoin has a great impact on the crypto market.
Of course, almost every cryptocurrency arise from the concept of bitcoin. If bitcoin didn't come to be, other cryptocurrency won't also. Before Satoshi brought up the idea of a decentralised cryptoscurrency, many developers who are bring up other ideas of a decentralised cryptos never thought of it, even those developers who set up shitty projects to scam people. So the price of bitcoin and Ethereum determines the price of an altcoin.
I also noticed long ago that altcoins are dependent on the price of bitcoin
cryptocurrency is not dangerous. just the authorities it is inconvenient and, therefore, they interfere and create a bad opinion. that what I think
Not fully agree with this statement. So Ethereum price was 0.15 BTC per ETH one year ago (last summer). Now it is just 0.07 BTC per ETH. I think that double fall of the price - it is more than significant.
Altcoins are not independent but they are not that opaque either, so you can more or less see their progress and observe that there are moments in which they loose their link and become extra profitable.
Is it obvious that altcoins have a dependence of the total market capitalization of the Cryptocurrency
Yes i agree with your point, basically all the coins depend on market sentiment and volume as soon as the sentiment becomes posiive we will see volume growing and fomo that will push the value of each coins higher especially the established ones, so expect btc, eth, ltc, xrp, zec, dash, ada, icx, neo, eos etc to grow nicely in the next bull run.
The bitcoin being the king crypto has always put the lime light on it and for this the whole market is somewhat judged by the price of bitcoin. This made the Altcoins dependent on bitcoin and this is kind os unfair I think. As altcoins are not independent it is found to follow bitcoin in both price fall and price rise.
Altocins actually follow the main crypto currency, the bitcoin. When the prices of bitcoin fall the prices of altcoin also falls and vice versa. There is no explanation for this but if we study the previous pattern of the market this can be observed. And this necessarily doesn’t mean that a coin is dead, with the rise in the price of bitcoin the price of altcoin will also rise.
The altcoins are actually not independent as well as they are barely predictable. We can hardly guess what will happen to these after a year. Besides, the price of altcoins are dependent on the price of bitcoin's price fluctuation.
Agreed with you that altcoins are not independent. Mostly they depend on the the value of btc in the market. And I do believe that value of all crypto depends on the traders behavior and also on the miners.
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...
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