You mean freedom not to be tied to the price of BTC, right?
If that's the case, it's a bit difficult to penetrate because there hasn't been a coin that can free itself from the price of BTC Because until now the price of BTC is still number 1 in the cryptocurrency world, and has never been defeated by other altcoins and number 2 is still held by Ethereum
Topic: Are all altcoins dependent on Bitcoin? - page 2. (Read 3906 times)
Bitcoin is the first digital currency created by satoshi, all exchanges make bitcoin the standard price so that the bitcoin effect is too strong for now, this is what makes the price of altcoins dependent on bitcoin performance. Bitcoin price increase has affected the current market situation to be green.
In a way you can say altcoins need btc to survive in terms of if bitcoin is bullish it more likely that all coins will ride this wave and become bullish too but the opposite hardly happens were altcoins get bullish bitcoin might not get to ride this wave and by the way when an altcoin is bullish it usually happens only on that coin and not all other coins.
depend on what people think about it. sometime, they will say that the price will up or down because bitcoin bla bla bla. the point ia they are different, people will believe more on bitcoin than altcoin. converting alt to bitcoin is good for most people.
yes and The main reason why the altcoin market depends on the trending BTC charts is the liquidity on the main trading pairs, you can't sell one altcoin for another one, The middleman is the best valuation tool for finding the perfect price.
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!
not all altcoins follow the flow of bitcoin movements because altcoins have their own movements. but if anyone is following the movement of bitcoin then it is a normal market condition. and lots of altcoins that went up when bitcoin crashed. but this movement is not determined by bitcoin. please visit the exchange market and pay attention to some that do not follow the movement of bitcoin, surely you will find it.
In my opinion, not at all that altcoins dependent on bitcoin. Because every altcoin has its own way on increasing or decreasing it's price. I think it's just that bitcoin has the center of crypto prices and thus it sometimes can pull several altcoins prices because of fluctuation. However some altcoin sometimes doesn't depend on bitcoin but has a least value or very low value.
not all altcoins follow the flow of bitcoin movements because altcoins have their own movements. but if anyone is following the movement of bitcoin then it is a normal market condition. and lots of altcoins that went up when bitcoin crashed. but this movement is not determined by bitcoin. please visit the exchange market and pay attention to some that do not follow the movement of bitcoin, surely you will find it.
Let's look at a typical example when the bullrun peaked this year in April, all Altcoins went up along with Bitcoin, and if any Altcoin at that time didn't go up, then it was trash that no one was interested in, I now visit a lot 35 popular exchanges at the time of trading and have never found an Altcoin that experienced an increase in price when Bitcoin fell, except for Stablecoins, and one more proof is that when the correction occurred last May, all Altcoins also experienced the same thing, did you not realize this? this ? 
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!
not all altcoins follow the flow of bitcoin movements because altcoins have their own movements. but if anyone is following the movement of bitcoin then it is a normal market condition. and lots of altcoins that went up when bitcoin crashed. but this movement is not determined by bitcoin. please visit the exchange market and pay attention to some that do not follow the movement of bitcoin, surely you will find it.
actually of course not, not all altcoins depend on bitcoin, even many altcoins have their own blockchain technology, but in reality that is not the case, almost all altcoins will go down when the bitcoin price also drops, this happens of course because of a panic sell
First you say that not all altcoins are dependent on bitcoin, and then you say the opposite, how is it?
If the price of bitcoin falls, this is the direction of the trend followed by all coins, and it does not matter which technology and how much each individual coin differs.
actually of course not, not all altcoins depend on bitcoin, even many altcoins have their own blockchain technology, but in reality that is not the case, almost all altcoins will go down when the bitcoin price also drops, this happens of course because of a panic sell
First you say that not all altcoins are dependent on bitcoin, and then you say the opposite, how is it?
If the price of bitcoin falls, this is the direction of the trend followed by all coins, and it does not matter which technology and how much each individual coin differs.
the trend that bitcoin creates in the market will definitely have an impact on altcoin assets. not all are typically like that. because at the bull pump sometimes there are assets that can't keep up with bitcoin and other altcoins due to problems in their own community. several aspects will affect the condition of bitcoin and altcoins.
actually of course not, not all altcoins depend on bitcoin, even many altcoins have their own blockchain technology, but in reality that is not the case, almost all altcoins will go down when the bitcoin price also drops, this happens of course because of a panic sell
First you say that not all altcoins are dependent on bitcoin, and then you say the opposite, how is it?
If the price of bitcoin falls, this is the direction of the trend followed by all coins, and it does not matter which technology and how much each individual coin differs.
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!
For me, the birth of Altcoins on the basis of the independence that Bitcoin provides in the cryptocurrency world.
Independence will exist as long as he is able to compete in the crypto market even though there are assumptions like yours that all altcoins are built on the basis of Bitcoin.
No not all, there are just so many investors who do panic selling when they see that bitcoin is going down thinking that altcoin will down as well when they see that bitcoin is in red tide. Dont be like them if you know that your token community is good and has potential do not sell, just hold it, it won't go down if you guys do not panic selling.
When the bitcoin price starts to touch its peak, many people want to take profit by selling their bitcoins and that is a natural thing in an investment but as a result the more people who sell bitcoins, the bitcoin price will fall even more and when the price moves down it causes fear on investors, so that more and more people are selling their bitcoins and when the price is falling, of course, many investors are securing their assets in the form of fiat money or stable coins (usdt), is this called a panic sell? I don't think we can say it's an easy thing because after all they all think to minimize losses when the bitcoin price really falls in my opinion.When Bitcoin peaks hard and goes into bubble territory, it actually means that the price of Bitcoin is increasing faster than the buying support is building, meaning that liquidity at the price peak becomes extremely thin. Then they have a huge balance in their books, but they can't realize those gains because buying support lacks behind and there is nobody to sell those Bitcoin to at the peak, at least not in masses. That's when a crash is likely and a panic can easily break out, causing other coins to fall as well.
No not all, there are just so many investors who do panic selling when they see that bitcoin is going down thinking that altcoin will down as well when they see that bitcoin is in red tide. Dont be like them if you know that your token community is good and has potential do not sell, just hold it, it won't go down if you guys do not panic selling.
When the bitcoin price starts to touch its peak, many people want to take profit by selling their bitcoins and that is a natural thing in an investment but as a result the more people who sell bitcoins, the bitcoin price will fall even more and when the price moves down it causes fear on investors, so that more and more people are selling their bitcoins and when the price is falling, of course, many investors are securing their assets in the form of fiat money or stable coins (usdt), is this called a panic sell? I don't think we can say it's an easy thing because after all they all think to minimize losses when the bitcoin price really falls in my opinion.
They are not relying on BTC directly. But when BTC falls a lot of people frustrates and sales all of their crypto. And you can't forget that for a lot of people BTC and crypto is the same thing in their mind.
That's true, and I personally also often sell my cryptocurrencies when I see BTC is falling in price, because any cryptocurrency will still experience price drops when BTC doesn't hold at a good price, this is a fact and not a joke because I have seen it very often in the market. They are not relying on BTC directly. But when BTC falls a lot of people frustrates and sales all of their crypto. And you can't forget that for a lot of people BTC and crypto is the same thing in their mind.
actually, not everyone will do that. some people with poor emotional control may do so. but for a trader who has been in the market for a long time I believe, they can make wise decisions.actually, the movement of altcoins is related to the dominance of bitcoin in the market. we know most of the trades in the crypto market are paired with BTC. and that makes it dominate the market very strongly. it is easy for BTC to influence the crypto market as a whole.
They are not relying on BTC directly. But when BTC falls a lot of people frustrates and sales all of their crypto. And you can't forget that for a lot of people BTC and crypto is the same thing in their mind.
Not depend on BTC but maximum alter coin which is trade on BTC pair then must effect it on price becuse when market manupulate then its must effect on hole market for that reason BTC when dump all alter must effect i think.
It could also be the case, but demand and supply are the main effects of the increase and decrease even though it is accompanied by the movement of BTC in the market simultaneously. 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 depend on BTC but maximum alter coin which is trade on BTC pair then must effect it on price becuse when market manupulate then its must effect on hole market for that reason BTC when dump all alter must effect i think. Is there no independence in the cryptocurrency world?
Thank you!
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