Topic: Are all altcoins dependent on Bitcoin? - page 10. (Read 3906 times)
In my opinion, the value of bitcoin has a critical position in the market. Bitcoin holds a substantial portion of the market capitalisation and that could be responsible for altcoin following its lead. I've even noticed that the higher the value of Bitcoin, the higher the value of most altcoin as it relates to the market price, all things been equal.
The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=
It is very important to read the news to check new projects how new and prospective they are.
Due to the high volatility of cryptocurrencies, many people use them to earn money on trading. Therefore, the need for exchanges is high even in a falling market.
Now the exchanges are popular and trading volumes on the exchanges continue to grow. It is good that there are new hybrid exchanges that combine the advantages of DEX and CEX.
I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
No but altcoins will follow a lot of the time. I myself haven't been too much in BTC lately though. Im more into DIVI right now and they've also been listed on KuCoin so hopefully even a bigger exchange is coming Is there no independence in the cryptocurrency world?
Thank you!
I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
Is there no independence in the cryptocurrency world?
Thank you!
I said that almost everything that invests in crypto, 50% of the assets owned are bitcoin, this is what makes bitcoin very popular and becomes the standard price for altcoins, maybe this trend will be difficult to stop until there are global companies that focus on crypto.
I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
Is there no independence in the cryptocurrency world?
Thank you!
Most altcoins have no real connection to BTC, except their pairing on exchanges.
When BTC starts dropping, people usually exit alts and try to buy BTC at lower prices, thus causing a cascade effect
This, in my opinion, is the most accurate explanation of the movement in the altcoin market. We all know that they are not really related to Bitcoin, but they always follow the direction of the price of Bitcoin.
It's easy to find the logic on why altcoins move according to bitcoin's movement. You can simply look at the dominant rate, and knowing that bitcoin is the most invested asset in crypto, it's the king of crypto, and everyone trusts bitcoin more than altcoins. As we have witnessed during the bull run, altcoins have some decent increase because bitcoin was bullish, people just find an investment alternative as they are confident bitcoin will not dump and altcoins are more profitable to invest in short term.
I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
Is there no independence in the cryptocurrency world?
Thank you!
Most altcoins have no real connection to BTC, except their pairing on exchanges.
When BTC starts dropping, people usually exit alts and try to buy BTC at lower prices, thus causing a cascade effect
This, in my opinion, is the most accurate explanation of the movement in the altcoin market. We all know that they are not really related to Bitcoin, but they always follow the direction of the price of Bitcoin.
Altcoins have decreased in value because the most Altcoin pairs are with Bitcoin, Ethereum, BNB and several other large coins. While the numbers displayed on the website or on coinmarketcap are prices in fiat.
You will see the same rate for ALTCOIN/BTC because this is the basic altcoin that always refers to BTC (mostly).
You will see the rate drop for ALTCOIN/USD because the altcoin pivot is BTC not USD, if BTC goes down, then the price of ALTCOIN against USD will go down, but the price of ALTCOIN against BTC will not change
Basically this is just an illusion and makes people panic.
You will see the same rate for ALTCOIN/BTC because this is the basic altcoin that always refers to BTC (mostly).
You will see the rate drop for ALTCOIN/USD because the altcoin pivot is BTC not USD, if BTC goes down, then the price of ALTCOIN against USD will go down, but the price of ALTCOIN against BTC will not change
Basically this is just an illusion and makes people panic.
I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
Is there no independence in the cryptocurrency world?
Thank you!
I think not all altcoins depend on bitcoin, you can see when the price of bitcoin is red, there are still many altcoins that skyrocket, moreover the bitcoin marketcap continues to decline and is currently around 25%.
There have been several crashes in the crypto market recently, and I've realized that not all cryptocurrencies are truly dependent on bitcoin. Actually, I used to believe that they were all interconnected because Bitcoin is one of the most popular cryptocurrencies and most altcoins have BTC pairs and linkages.
Some cryptocurrencies have strong holdings, and this is why they aren't affected by market cash. This is due to the community that has banded together. FOMO is a trader's worst enemy; if something happens on a single coin, he'll withdraw all of his money out of fear of losing everything.
Some cryptocurrencies have strong holdings, and this is why they aren't affected by market cash. This is due to the community that has banded together. FOMO is a trader's worst enemy; if something happens on a single coin, he'll withdraw all of his money out of fear of losing everything.
No, only those that are made from BTC fork. However, BTC price movement affects altcoins as well since all altcoins are paired with BTC. BTC price drives the market as a whole since it has the largest market capitalization.
If you check the trade volumes, even now most of the trade volume for coins such as Polkadot and Cardano is made from trade with BTC, and not from the trade with fiat or stablecoins. So irrespective of the altcoin, the dependence on Bitcoin is there. Also, you might have noticed the recent price fluctuations. When the Bitcoin prices crashed by close to 50%, every single altcoin went down by that much (or by an even higher amount). That itself shows that all these alts are heavily dependent on Bitcoin. The only exceptions are stablecoins, but no one invests in stablecoins.
No, only those that are made from BTC fork. However, BTC price movement affects altcoins as well since all altcoins are paired with BTC. BTC price drives the market as a whole since it has the largest market capitalization.
Every alts has their own platform and scheme to stay alive, but we cannot deny the fact that almost all alts price affected everytime bitcoin rise and fall it's price, there, we can see that bitcoin is the mother of all coins that's why I disagree in some claim that, their coin is the next bitcoin, that's crazy statement.
The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=
It is very important to read the news to check new projects how new and prospective they are.
It is good that cryptocurrency exchanges are developing and there are many opportunities for earning money from trading, as well as the fact that trading is becoming more profitable and many people are trying their hand at trading.
Now cryptocurrencies are actively developing and offer new opportunities. Due to the high popularity of cryptocurrency exchanges, competition between them is very high, so it is very important to develop and add new opportunities that competitors do not have.
100% and pay attention to the market
I bought some alt coins today
CRPT is one of them
CRYPTERIUM is doing a great job
crypterium.com/crpt
I bought some alt coins today
CRPT is one of them
CRYPTERIUM is doing a great job
crypterium.com/crpt
Bitcoin marketcap reaches more than 35% of cryptocurrencies, although it continues to decline but almost all bitcoin pairs are popular, support from many big companies to enter the stock exchange proves that bitcoin is the strongest so altcoins prices are affected by bitcoin.
Yes, it's true, this proves that Bitcoin has always been favored by many people who already know and understand cryptocurrency because without a good movement in Bitcoin, Altcoins will be very difficult to move normally.It has nothing to do with favored. Bitcoin was the first mover coin and always had a significant share of the overall market capitalization in cryptocurrencies. In fact in relative terms that share decreased over time although it recovered quite a bit lately.
They are not directly but the bitcoin price affects them all. More so than the bitcoin price itself. Bitcoin is still 31K while other coins are much lesser than what they were when bitcoin was 31K last time. Altcoins are much more volatile. I've lost thousands of dollars on portfolio. But I'm not going to sell them, either wait for the recover or die with them. Selling on dip were the worst decision I made on previous few bears.
Bitcoin marketcap reaches more than 35% of cryptocurrencies, although it continues to decline but almost all bitcoin pairs are popular, support from many big companies to enter the stock exchange proves that bitcoin is the strongest so altcoins prices are affected by bitcoin.
Yes, it's true, this proves that Bitcoin has always been favored by many people who already know and understand cryptocurrency because without a good movement in Bitcoin, Altcoins will be very difficult to move normally.It's hard for altcoins to have their own price evaluation when all are dependent on BTC because it's BTC that decides the price of these altcoins. ETH has its own ecosystem which ERC20 tokens are also dependent on ETH. The more tokens created on ETH the more it becomes stable which could one day decouple BTC.
Until a coin is used by a real crowd like a government and its society uses an altcoin, this will probably be the first to separate and stand on its own.
I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
If a project doesn't have BTC trading pairs, like 0xMR, then bots can't dump the price. Is there no independence in the cryptocurrency world?
Thank you!
many people panic and end up selling their alt cheaply when they see btc in the market go down, it makes the crypto market even more chaotic. so if we can be more careful and not be provoked by the market then it won't happen. we know that when btc goes down some alts remain stable even though many also go down. the most important thing is not to panic sell where you sell coins at cheap prices when the crypto market is red because it will be fatal
It seems that, I often see the same movement between the two, it looks like bitcoin determines the direction of the altcoin next time, you can see for yourself, if understanding this secret it seems like trading cryptocurrency is not difficult. but you have to know when to enter and not greedy.
And there's a simple reason for that. The market depends on investor attitude and bitcoin is the trust builder. If Bitcoin falls it's seen as loss of trust towards cryptocurrencies and people get rid of everything.
Laws around the world are also made for Bitcoin but they affect the whole market. If a country bans bitcoin it will probably also ban altcoins, but if it legalizes bitcoin it will not make altcoins illegal. It works both ways.
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