Are all altcoins dependent on Bitcoin? - page 12.

Princejebs

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Quote from: _MrTuyul404 on June 18, 2021, 08:39:49 AM

well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

That reminds me of polygon. Matic rebranded polygon was one of a stubborn coin that are a rare type, this coin was pumping despite the heavy crash of bitcoin and was printing massive positive gains on trend.
There are also instances where bitcoin and altcoins do the opposite of the market, this scenario happens but it's rare because in general, altcoins pump when bitcoin moves to the upside.

Rexler

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Quote from: _MrTuyul404 on June 18, 2021, 08:39:49 AM

well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

Altcoins follow bitcoin price movements, which altcoin? I would say literally all of them, remember the bitcoin crash in 2017? did any altcoin pump when bitcoin price crashed? No, even the bull run we had ethereum was pumping by August and October, but when bitcoin started pumped that was when everyone finally accepted that we are experiencing a bull run and that's when you start seeing greens in coins, same with the crash from $64k, every altcoin dumped, I think altcoin depend on bitcoin, my honest opinion though.

kenelmark

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Quote from: KingsDen on June 08, 2021, 05:54:52 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!

What independence do you mean? I think cryptocurrencies follow bullruns, and the most influential bullrun for all Altcoins is Bitcoin. If Bitcoin is pumped, then altcoins will also be pumped.

Bertyda

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Quote from: Nekonoid on June 18, 2021, 06:52:57 AM

Quote from: alan228 on June 10, 2021, 02:15:11 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.

For any exchange, liquidity and a large number of users are important. It is good that exchanges are developing and offering new opportunities that other exchanges do not have, but it is also necessary to promote the project and increase the number of users.

It is good that cryptocurrencies are developing and new hybrid exchanges are emerging, which provide more opportunities for traders, provide more tools and make trading more profitable.

nurilham

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Quote from: ?? on ??

For now all altcoins prices are very dependent on bitcoin, this is because there are no coins that can approach bitcoin, I think this is reasonable because almost all pairs on exchanges always have bitcoins.

Yep, the most major pair for all crypto coins are Bitcoin. That's why all crypto coins depend on Bitcoin. As long as Bitcoin becomes the main major pair on all exchanges in the world, there is no chance for altcoins to be independent. So far, I don't think that we have the chance to replace Bitcoin as the main major pair. So, we must accept it if Bitcoin will always influence altcoins.

BuNga_cute

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Quote from: deathcode on June 18, 2021, 10:32:26 AM

Quote from: _MrTuyul404 on June 18, 2021, 08:39:49 AM

well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

that's true. but overall the market will be affected by bitcoin. An altcoin that can make pumps with updates that are carried out must have great development as well as support from a large community. I've seen such a situation happen to BNB in 2019. even LTC after halving was not able to make their pump due to unfavorable market circumstances for them.

In fact, it is very rare for me to find altcoins that are not affected by Bitcoin price movements. If we find any altcoins that can keep pumping
in a market crash, maybe like you said there is a good development and is supported by a large community. Or there is manipulation by whales,
meaning that there must be special factors that make these altcoins unaffected by Bitcoin price movements.

Desscount

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Quote from: KingsDen on June 08, 2021, 05:54:52 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 now all altcoins prices are very dependent on bitcoin, this is because there are no coins that can approach bitcoin, I think this is reasonable because almost all pairs on exchanges always have bitcoins.

well that's true, there are already a lot of Altcoins with BTC pairs on the market, so this is the reason,
if all altcoins are deleted in BTC pairs of course nothing like this will happen, but everything is already conditioned,
we can't change this rule, because Bitcoin is currently this is still the benchmark of all altcoins

deathcode

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Quote from: _MrTuyul404 on June 18, 2021, 08:39:49 AM

well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

that's true. but overall the market will be affected by bitcoin. An altcoin that can make pumps with updates that are carried out must have great development as well as support from a large community. I've seen such a situation happen to BNB in 2019. even LTC after halving was not able to make their pump due to unfavorable market circumstances for them.

nikita2020

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Quote from: Nekonoid on June 17, 2021, 10:41:56 AM

Quote from: alan228 on June 10, 2021, 02:15:11 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.

The emergence of hybrid exchanges provides new opportunities for the crypto industry, making cryptocurrency trading more convenient and profitable.

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.

_MrTuyul404

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well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

capokmerah

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Technically no, BTC and Altcoins are different things, but the market share in crypto Bitcoin is still king. BTC is able to manipulate altcoin prices even its users. thus, it looks as if BTC and Altcoin are connected.

larus

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Everything in crypto is connected with BTC. Its up to you bad things it or not

Nekonoid

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Quote from: ?? on ??

Quote from: alan228 on June 10, 2021, 02:15:11 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.

I agree that exchanges are very popular, but there is a huge competition among exchanges, so it is important that exchanges develop and become better and more convenient for traders.

For any exchange, liquidity and a large number of users are important. It is good that exchanges are developing and offering new opportunities that other exchanges do not have, but it is also necessary to promote the project and increase the number of users.

lonte77

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Quote from: KingsDen on June 08, 2021, 05:54:52 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 of altcoins Will follow the bitcoin trend. For now, BTC is a mother of all Coin. If you want to keep your money safe when bearish market come, you can change your altcoins into stablecoins. Most stable coins won't be affected by bitcoin situation.

19Nov16

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Quote from: KingsDen on June 08, 2021, 05:54:52 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 is the first crypto, all exchanges make bitcoin a price standard so the effect of bitcoin is too strong for now, this is what makes the price of altcoins depends on bitcoin performance. I hope there are altcoins that can beat bitcoin soon so that it makes the crypto market even more interesting.

Nekonoid

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Quote from: Garsipop on June 16, 2021, 01:47:26 PM

Quote from: alan228 on June 10, 2021, 02:15:11 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 now there are new hybrid exchanges that help to combine the advantages of DEX and CEX exchanges and at the same time are devoid of their disadvantages.

The emergence of hybrid exchanges provides new opportunities for the crypto industry, making cryptocurrency trading more convenient and profitable.

wheelz1200

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Quote from: KingsDen on June 08, 2021, 05:54:52 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 the most part everything is typically tied to bitcoin. There are instances of a small amount of coins inversely moving against bitcoin but the honey badger is the barometer of the market. If bitcoin tanks to $10k you can bet every other coin will tank as well. It's been well studied at this point.

feelideb

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Stablecoin are savehaven for cryptocirrency investors and traders, apart from stablecoin, all other cryptocurrency essemtially are trade against bitcoin. When bitcoin increase in value it automatically increase the value of it's pairs. The bitcoin is where the cryptocurrency value is domicile. So for now, every coin is coupled with bitcoin and may be in the futuee, we will see some strong altcoin like ethereum decoupling from bitcoin.

muratsink

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Quote from: macson on June 17, 2021, 08:59:51 AM

Quote from: KingsDen on June 08, 2021, 05:54:52 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!

you can see for yourself the market phenomenon when the price of Bitcoin is bullish then altcoins follow, when the Bitcoin market bear, altcoins also follow. Bitcoin is the strongest cryptocurrency in the world, so Bitcoin is still holding the benchmark. but there are also some altcoins whose prices are not influenced by Bitcoin, for example Dogecoin ^(DYOR)

Bitcoin never depend with their self without bitcoin situation, exactly what you said when bitcoin dump altcoin follow to dump and going up after bitcoin bearish. Never any chance for altcoin keep bearish when bitcoin dump and most time bitcoin only correction about 5% altcoin can dump more than 30% and more, this phenomenon with altcoin can't wake up without any help by bitcoin.

macson

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Quote from: KingsDen on June 08, 2021, 05:54:52 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!

you can see for yourself the market phenomenon when the price of Bitcoin is bullish then altcoins follow, when the Bitcoin market bear, altcoins also follow. Bitcoin is the strongest cryptocurrency in the world, so Bitcoin is still holding the benchmark. but there are also some altcoins whose prices are not influenced by Bitcoin, for example Dogecoin ^(DYOR)

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