Are all altcoins dependent on Bitcoin? - page 11.

radjie

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Quote from: KingsDen on June 08, 2021, 04:54:52 AM

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!

not all of them, but indeed most altcoin price movements follow Bitcoin's growth. there are several types of Altcoins that are opposite to Bitcoin, when the market is red, some Altcoins are the opposite, for example usdt when all red it will look green, this is because usdt is a stable coin and is used by people when some of them convert Bitcoin to usdt

Bertyda

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Quote from: nikita2020 on June 18, 2021, 09:18:02 AM

Quote from: alan228 on June 10, 2021, 01:15:11 PM

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.

Thanks to cryptocurrency exchanges and trading, you can earn not only on the growth of cryptocurrencies, but also on their fall. Cryptocurrencies are extremely volatile, so cryptocurrency trading is very popular.

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Quote from: KingsDen on June 08, 2021, 04:54:52 AM

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!

It is mate , and that has been proven for more years now.. altcoin is subject to follow bitcoin and now people are still asking this.

Quote from: Blowon on June 21, 2021, 05:37:24 AM

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.

because the support of people to altcoin relies in how much bitcoin proves how strong the market is.

Blowon

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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.

nomenclatur

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Quote from: KingsDen on June 08, 2021, 04:54:52 AM

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!

it's certain that if bitcoin experiences a decline then altcoins will be much lower and the decline will be faster because bitcoin is a benchmark for altcoins to go up or down so that everything can get worse bitcoin is what makes the market more excited, especially altcoins that can go up many times over in time fast can be very surprising because bitcoin is increasing so quickly if the market continues to improve the dependence of altcoins on bitcoin has indeed gone like that, it is inevitable, indeed everything is on track.

mhine07

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Quote from: KingsDen on June 08, 2021, 04:54:52 AM

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!

For what i have seen in the past where bitcoin first bull run other altcoins also go bull run. And when the bitcoin price crashes, altcoins also goes down and crashes. For me i think altcoins are dependent on bitcoin, because everytime bitcoin price goes high so do altcoins goes higher also in value.

pedrillo0

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Unfortunately most of them do, especially the relatives of the btc, such as Bitcoin cash, Bitcoin SV and in turn,
bitcoin also depends on the traditional market.
Although that brand will soon be history, when investors completely abandon traditional finance.

revilo

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Quote from: South Park on June 20, 2021, 02:34:32 PM

Quote from: nhaila on June 16, 2021, 02:21:41 PM

Quote from: tabas on June 08, 2021, 01:36:02 PM

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

Yes most of cryptocurrencies depend on King Crypto Bitcoin. When bitcoin price starting to improve then simultaneously most of the altcoins also starting to improve.

Not always, during this bull run there was a time in which the price of bitcoin went up and altcoins did not move much and then we saw the opposite and bitcoin did not moved much and altcoins kept growing, however I think that once the market begins to recover it will do so all at the same time, however I really think that most of the growth this time around is going to be concentrated in bitcoin as people will be excited about the new fundamental news that came from bitcoin like the activation of taproot and that a country finally made bitcoin legal tender.

But in total I would say that all coins follow Bitcoin especially when the movements are strong either in the negative or in the positive direction. When the market is more calm and Bitcoin doesn't move as fast up or down there is less correlation between Bitcoin and the rest. During crashes it was the same every single time that all coins followed suit with Bitcoin. We have been hoping for a little bit of disentangling for quite a while, but if you think about it it also makes sense. If there is bad news on the horizon that affects Bitcoin it is most probably also going to affect all other coins.

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Quote from: nhaila on June 16, 2021, 02:21:41 PM

Quote from: tabas on June 08, 2021, 01:36:02 PM

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

Yes most of cryptocurrencies depend on King Crypto Bitcoin. When bitcoin price starting to improve then simultaneously most of the altcoins also starting to improve.

Not always, during this bull run there was a time in which the price of bitcoin went up and altcoins did not move much and then we saw the opposite and bitcoin did not moved much and altcoins kept growing, however I think that once the market begins to recover it will do so all at the same time, however I really think that most of the growth this time around is going to be concentrated in bitcoin as people will be excited about the new fundamental news that came from bitcoin like the activation of taproot and that a country finally made bitcoin legal tender.

muratsink

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Bitcoin is the main or core for cryptocurrency world so all altcoin depend how bitcoin price, never stronger altcoin have higher price when bitcoin going down, almost altcoin always allow how bitcoin price. BNB coin is bigger network and have own exchange but always allow with bitcoin price, now not any good news with bitcoin to see on higher price and we need waiting when altcoin wake up.

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Quote from: KingsDen on June 08, 2021, 04:54:52 AM

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!

I mean most of the altcoins are dependent on the market price of bitcoin and you could totally notice that in the market when the market price of bitcoin pumping a lot of altcoins are pumping as well and vice versa when the bitcoin is a dump.

But at the same time, not all of the altcoins in the market are dependent on the price of bitcoin, I guess some are DOGE coin, XRP, etc. you could notice when the market is pumping sometimes are XRP and DOGE coin and going in a different way.

It could be because of the pairs or conversion of bitcoin to other altcoins but I'm not actually sure about the main reason for this but there is a huge connection between bitcoin and altcoins when it comes to the market price for sure.

farhanabd88

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Bitcoin is one of the best crypto currency in the market so it also dominated crypto market. There are many reason for crypto currenxy ups and down. But i think bitcoin price ups and down sometimes may create effect to the market. In my few years experience i have seen that when the price of bitcoin fall then the altcoin also fall one the other hand when the price of bitcoin rise all other coin grow up gradually. I think it happen in the crypto market naturally. So in my opinion all altcoins sometimes dependent on bitcoin.

Wong Gendheng

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Quote from: KingsDen on June 08, 2021, 04:54:52 AM

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!

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.

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Quote from: Quantum907 on June 20, 2021, 05:10:05 AM

It must be admitted that the influence of bitcoin is very strong, all exchanges must use bitcoin and all crypto projects will accept bitcoin and this is what makes altcoins make bitcoin a price measure.

It's true, from the beginning the influence of Bitcoin was very large in the cryptocurrency market, so everyone can always see when there is a decrease in Bitcoin in the market, then Altcoins will experience the same thing, as well as an increase.

the rise

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Lately I see the movement of altcoins is very similar to bitcoin, it always follows, for example bitcoin drop, altcoin soon catches up, and vice versa if bitcoin there is a flash pump then sideways in a short time, where altcoins start to rise, this happens within a few months until now, maybe you can see it,

i8v8i

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Quote from: nikita2020 on June 18, 2021, 09:18:02 AM

Quote from: alan228 on June 10, 2021, 01:15:11 PM

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.

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.

Quantum907

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Quote from: KingsDen on June 08, 2021, 04:54:52 AM

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!

It must be admitted that the influence of bitcoin is very strong, all exchanges must use bitcoin and all crypto projects will accept bitcoin and this is what makes altcoins make bitcoin a price measure.

Bohdan820

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Many coins depend on bitcoin at least on price movement but also do not forget that bitcoin is dependent on the movements of tech giants that are traded on NASDAQ.
Some coins can move against the market but these are exceptions to the rule and then after that the market evens out.

tabas

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Quote from: RussianEnglishTranslation on June 19, 2021, 11:50:26 PM

Most altcoins are dependent on the price of BTC because of bots that automatically buy and sell alts based on the price of Bitcoin.

Although there are a lot of bots but it's bitcoin's liquidity that makes a lot of altcoins dependable on it.

Quote from: RussianEnglishTranslation on June 19, 2021, 11:50:26 PM

That's why I invest in cryptos like 0xMR without a BTC trading pair. This way I don't lose half my money every time Bitcoin decides to move.

But that coin has low liquidity.

RussianEnglishTranslation

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Quote from: KingsDen on June 08, 2021, 04:54:52 AM

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!

Most altcoins are dependent on the price of BTC because of bots that automatically buy and sell alts based on the price of Bitcoin. That's why I invest in cryptos like 0xMR without a BTC trading pair. This way I don't lose half my money every time Bitcoin decides to move.

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