I think there are no coins that work on the platform of Bitcoin, only some coins are created from the fork of this coin.
Bitcoin is the king of the cryptocurrency market so when it drops in price it creates a market effect that causes other coins to fall.
Topic: Are all altcoins dependent on Bitcoin? - page 17. (Read 3906 times)
as far as I know, and based on my experience, yes. bitcoin really affects the price of altcoins other than stable coin. However, altcoin prices always move when the bitcoin price goes up or down. Well, most altcoins are like that, no matter which platform they are on.
Bitcoin is the leading coin of the market once the value will goes up and down movement the altcoins also affect its value because of the exchange pair of asset which relation are correlated to each other.
Because almost the entire crypto community around the world is formed because of bitcoin. bitcoin is the first fundamental for the crypto community that is able to attract people's attention, even though its dominance is changing, but nothing will be able to eliminate the fact that the first crypto that became familiar was bitcoin 
Most coins on my personal opinion really depends on how bitcoin behaves for its market. One reason is the exchange pair of each asset, that's why price really matters when price goes up and down.
So many traders hope for the best for bitcoin, in order for the domino effect which will carry out the value of every altcoins price.
Bitcoin is also called the mother of altcoins, of course this designation has a huge impact on the market, So many traders hope for the best for bitcoin, in order for the domino effect which will carry out the value of every altcoins price.
Bitcoin goes up altcoins can also go up, Bitcoin goes down altcoins also go down, this is why Bitcoin has always been the mother of altcoins,
nothing can solve this problem, and this problem will change itself according to the cycle later, and if the altcoin cycle or called altcoin season,
of course Bitcoin and altcoins will have different views
Bitcoin is the leading coin of the market once the value will goes up and down movement the altcoins also affect its value because of the exchange pair of asset which relation are correlated to each other.
we often see when the price of bitcoin starts to rise, the majority of popular altcoin prices also go up or vice versa, bitcoin price movements in general can affect altcoin prices because bitcoin is the main currency in the crypto market that is very often used, for example altcoins tend to fund bitcoin operations and bitcoin too tend to fund altcoins, with this relationship of course bitcoin will affect the price of altcoins.
But keep in mind this kind of correlation will not always be precise in the future.
This is called the domino effect...But keep in mind this kind of correlation will not always be precise in the future.
investors will be interested in buying Bitcoin when the price moves well then when they feel the bitcoin price is high then they will see altcoins too. they will buy Altcoins that they feel are still much cheaper than Bitcoin, and vice versa.
Most coins on my personal opinion really depends on how bitcoin behaves for its market. One reason is the exchange pair of each asset, that's why price really matters when price goes up and down.
So many traders hope for the best for bitcoin, in order for the domino effect which will carry out the value of every altcoins price.
Bitcoin is also called the mother of altcoins, of course this designation has a huge impact on the market, So many traders hope for the best for bitcoin, in order for the domino effect which will carry out the value of every altcoins price.
Bitcoin goes up altcoins can also go up, Bitcoin goes down altcoins also go down, this is why Bitcoin has always been the mother of altcoins,
nothing can solve this problem, and this problem will change itself according to the cycle later, and if the altcoin cycle or called altcoin season,
of course Bitcoin and altcoins will have different views
Always a domino effects, once Bitcoin start its way to pump high expect that the entire market will
see green if not all the coins but most that have active developers will see the money flowing around.
Just need to accept the fact that each time the market turned sides Bitcoin is the very first that will experienced the momentum then alts will follow.
Take time to research and make sure that you have your own views in regards to your expectations inside the market.
I think yes, all altcoins depend on bitcoin, when bitcoin falls, the whole altcoin market also falls in price. This can be observed even now.
it all also depends on the growth trend shown by the market.if you look at what happened in 2018 and 2020. then you can see how BTC is growing on its own with very strong market dominance adoption.
Altcoins can't do anything. they waited for BTC to stabilize but it didn't get it.
all controls are in the market. and the community also determines how the altcoins will follow the BTC trend or create their own trend.
I think yes, all altcoins depend on bitcoin, when bitcoin falls, the whole altcoin market also falls in price. This can be observed even now.
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.
There are coins that are BTC forks like Bitcoin Cash but most of the tokens are built either on Eth or have their own independent blockchain. The reason why all the coins drop in value when Bitcoin falls might be because it reflects the current condition of the crypto market as a whole. Also when Bitcoin drops some traders stop buying almost any coins while there are traders who want to take no further risks and sell their coins.Secondly, every coin has its pairs in BTC and if BTC is dropping they are designated to drop too. If a coin was trading for 100 satoshi in the BTC pair and suddenly BTC drops, that would also cause the coin to drop because ultimately the pair will remain at 100 satoshis but the USD value dropped. The thing that concerns me a bit is why coins didn't rise when the BTC was pumping hard earlier this year.
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USDT is a stable coin. It has nothing to do with the question the OP asked. USDT is supposed to be equal to 1, no matter what... Quote
I would say that indeed 100% of the coins are somehow dependent on Bitcoin. Usually under any circumstance, if Bitcoin crashes really hard 100% of the alt coins follow.
Wrong. Not 100% coins will follow Bitcoin, are you never check other cryptocurrency price and compare with Bitcoin?
Open Coinmarketcap right now, even though Bitcoin is pumping +8% there's many altcoins is dump -8% (e.g. Theta fuel, Internet Computer etc)
Tl;dr Most altcoins will follow Bitcoin, but not all.
No, there are lots of potential altcoins that aren't depending on Bitcoin but we can't deny the fact that every event of Bitcoin situation could affect the prices of altcoins. Bitcoin as the father of all cryptocurrencies is too influential that it could also change the whole market situation. Other altcoins could survive alone yet Bitcoin could always affect them in different ways.
That basically shows that all the tokens are still living under the shadow of Bitcoin. There has never been an altcoin that can retain its value when the price for Bitcoins is falling hard. I seriously doubt the altcoin market can survive without their boss bitcoin.we know, bitcoin is first crypto-currency in the crypto world and from the beginning, it will the toppest coin always. so maximum coins are follow the bitcoin. But, there are few stable coins which are always hold their position such as Tether, trueusd, usd coin, binanceusd etc.
I don't think we can bring stable coins in this discussion because most of the stable coins are backed by fiat and hence they aren't decentralized so their price is controlled by the owners. Secondly, stable coins don't even jump when the whole crypto market is going huge. One thing to note is that stable coins have no market once the altcoins/bitcoins market is gone. No one would buy a USDT unless they have a pair to trade. 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?
Is there no independence in the cryptocurrency world?
Well from the first crypto market exist is every altcoin is paired with bitcoin. so it all depends on bitcoin price movements. even though right know most of the exchange they also paired coin with a stable coin such as usdt, the main price will still be paired with bitcoin.
all altcoin depends on bitcoin. because that's the main thing. unless the coin is really useful for something else. like eth even though it is very useful for other projects the price still depends on bitcoin.
we often see when the price of bitcoin starts to rise, the majority of popular altcoin prices also go up or vice versa, bitcoin price movements in general can affect altcoin prices because bitcoin is the main currency in the crypto market that is very often used, for example altcoins tend to fund bitcoin operations and bitcoin too tend to fund altcoins, with this relationship of course bitcoin will affect the price of altcoins.
But keep in mind this kind of correlation will not always be precise in the future.
But keep in mind this kind of correlation will not always be precise in the future.
Originally Bitcoin brought people in so to speak.
Think of it like a shopping centre, theres that one huge well known, well branded money making giant chain of a store, it brings people in, but while there, they will have lunch, go to a discount store, window shop, maybe try on a pair of jeans etc.
This is how it was with Bitcoin, but I don't think it is that way anymore. You could zap Bitcoin right now, Ethereum would take its place and the world would go on.
Think of it like a shopping centre, theres that one huge well known, well branded money making giant chain of a store, it brings people in, but while there, they will have lunch, go to a discount store, window shop, maybe try on a pair of jeans etc.
This is how it was with Bitcoin, but I don't think it is that way anymore. You could zap Bitcoin right now, Ethereum would take its place and the world would go on.
If we just talk about the price, especially when the price of BTC drops, my answer is yes. I don't need to repeat this. Just look at the recent market situation, as soon as the price of BTC drops, all the altcoins also dive. BTC is the cornerstone of the cryptocurrency market, all altcoins are dependent on BTC.
Most coins on my personal opinion really depends on how bitcoin behaves for its market. One reason is the exchange pair of each asset, that's why price really matters when price goes up and down.
So many traders hope for the best for bitcoin, in order for the domino effect which will carry out the value of every altcoins price.
So many traders hope for the best for bitcoin, in order for the domino effect which will carry out the value of every altcoins price.
Well in my understanding is that not all the time Bitcoin can affect the prices of altcoins. Depending on the trend of the market at the time, there are occasions that the altcoin price can be affected and triggered by the price changes happening in Bitcoin. If you noticed there were trends before that Bitcoin continuously goes up for a few weeks while the alts stay were they were meaning no sudden spike in the alt coins. Now that bitcoin is correcting you see altcoins and some of them are going up even if Bitcoin's price decreases.
I agree with that but can't deny that it takes some time for the market to develop, investors are not investing yet in altcoins during that time that is why they are left behind for a few weeks before it finally surges. But for now, investors are making spread their money, Bitcoin and altcoins had the same momentum, Bitcoin dumps and Altcoins are following, the same thing when it pumps. I think this gonna be natural and we can't hide that thing as altcoins are dependent on Bitcoin. 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.
One thing we can very well say that the alt market followed the Bitcoin path and everyone wants to make money and initially it was all about fun coins and majority expecting that it could help them make money but the way the market is moving, everything follows Bitcoin yvaluation and the market moves along with it and when there is a correction in Bitcoin the entire market fallalong with it.But once bitcoin's value starts to fall, most of the altcoins are experiencing price decline too. The whole market seems to fall apart even when some stable coins still manage to increase their price and survived in the bearish market.
Absolutely all altcoins if they depend on Bitcoin, the reason is simple, if BTC did not exist, there would be no such market capitalization because most people know Bitcoin.
The alts do not have a life of their own, when BTC falls all altcoins fall, those that rise is because the famous "PUMP" and "DUMP" are applied to them, in the altcoin seasons they occur because BTC is in an uptrend, therefore, at that time all altcoins are in an uptrend.When BTC falls and begins to recover, the ALTS often remains stagnant, it is normal, because investors put their money in BTC not to lose the movement, and after confirmation of the uptrend of BTC is had, then the Investors wait for the first correction and then put their money in the ALTS, in this way the market moves, but absolutely all the atls depend on BTC.
The alts do not have a life of their own, when BTC falls all altcoins fall, those that rise is because the famous "PUMP" and "DUMP" are applied to them, in the altcoin seasons they occur because BTC is in an uptrend, therefore, at that time all altcoins are in an uptrend.When BTC falls and begins to recover, the ALTS often remains stagnant, it is normal, because investors put their money in BTC not to lose the movement, and after confirmation of the uptrend of BTC is had, then the Investors wait for the first correction and then put their money in the ALTS, in this way the market moves, but absolutely all the atls depend on BTC.
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