Are all altcoins dependent on Bitcoin? - page 8.

Lubang Bawah

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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 was the first, it took about 2 years ago another coin appeared, being first is the most profitable thing because it is always the benchmark. when someone asks about crypto then all they know is bitcoin. all trades make sure they are always paired with bitcoins.

muratsink

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All market exchange bitcoin always dominance and make altcoin have waiting until less bitcoin dominance and see altcoin price pump, now still the same like three or four years ago without bitcoin recovery to higher price impossible we can sell altcoin on higher price. Just few altcoin have good news without bitcoin pump they can stable on higher price but happening some time only.

KingsDen

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Goodnight, o_e_l_e_o 🌹

Quote from: LordMiguel on June 26, 2021, 05:48:42 PM

...we are far from decentralization. bitcoin still dominate the market .

Please I want to understand how the dominance of BTC means that the system is no longer decentralized. I beg to know the angle you are coming from. Or are you seeing Decentralization in this context as a contest between BTC and Altcoins?

mirakal

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Quote from: muratsink on June 27, 2021, 02:58:34 PM

Quote from: bots1 on June 27, 2021, 06:17:11 AM

Not all altcoins depend on Bitcoin. Each altcoin has different prospects so the prospects cannot be generalized. One of the factors that have the most impact on the price of altcoins is supply and demand and how altcoins dominate the market.

Almost altcoin price depend with bitcoin, never any altcoin keep strong on higher price when bitcoin got bad issues and down, many moment altcoin more crash few percent from bitcoin, example when bitcoin down maybe 10% altcoin can be dump extremely more than 40% because bad situation and still depend with bitcoin price.

That's the sad reality, and we cannot deny that as we can always verify that your statement is correct. However, in times of bull run that results in an altcoins season, we can also see that altcoins are more profitable than bitcoin, and that's the good side of it. Well, if we are just smart, we will know how to make the right decision and we would not complain whatever the market situation is.

Sayeds56

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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!

Indeed ,Altcoins are totally dependent on Bitcoin price , they move up and down in Alts/USDT pair with BTC but in Alts/BTC pair they move in opposite direction. To make it easier to understand, Altcoins move down when BTC dominance chart goes higher and move up when dominance is down. BTC Dominance Index reflects money flow in BTC versus alt coins. Means, Bitcoin dominance is a percentage of the total cryptocurrency market capitalization attributable to Bitcoin. This index is very detrimental to predict next move of Alts.

https://www.tradingview.com/chart/BTC.D/Qy1lkYos-A-Strategy-Guide-For-Trading-Altcoins-With-Bitcoin-Dominance/

muratsink

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Quote from: bots1 on June 27, 2021, 06:17:11 AM

Not all altcoins depend on Bitcoin. Each altcoin has different prospects so the prospects cannot be generalized. One of the factors that have the most impact on the price of altcoins is supply and demand and how altcoins dominate the market.

Almost altcoin price depend with bitcoin, never any altcoin keep strong on higher price when bitcoin got bad issues and down, many moment altcoin more crash few percent from bitcoin, example when bitcoin down maybe 10% altcoin can be dump extremely more than 40% because bad situation and still depend with bitcoin price.

Garsipop

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Quote from: cryptoserega on June 26, 2021, 02:53:53 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.

Now cryptocurrency exchanges are actively developing and new opportunities are emerging for traders, making trading more profitable and safe for traders.

It is very important that the cryptocurrency exchange continues to develop, since the competition among cryptocurrency exchanges is very high. We need to continue to develop the exchange and add new opportunities for traders.

bots1

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Not all altcoins depend on Bitcoin. Each altcoin has different prospects so the prospects cannot be generalized. One of the factors that have the most impact on the price of altcoins is supply and demand and how altcoins dominate the market.

LordMiguel

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ITSMYNE

certainly Not but from what we are seeing in the Market, it is obvious the fact that Bitcoin remains the corner stone of this great invention. we are far from decentralization. bitcoin still dominate the market and if this continues, then bitcoin will rule makeing altcoins worthless. we need a unique market where tokens trade differently from bitcoin. just the traditional market.

Flowzer

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Quote from: Chato1977 on June 26, 2021, 07:02:04 AM

Quote from: Flowzer on June 25, 2021, 07:35:24 PM

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!

Its not 100% dependance, but the price impact from Bitcoin to Altcoins is real, its like how forex work when most of fiat dependance to USD.

it is mate, look how the market reacts for Bitcoin and the whole altcoins are being shaken .

Im not really sure about this, but many people said its because the fear for entire crypto market, not specifically to Bitcoin.

cryptoserega

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Quote from: zayika570 on June 24, 2021, 01:16:30 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 cryptocurrency exchanges are developing and offering new opportunities for traders, which makes trading even more profitable and gives more opportunities to earn money on trading.

Now cryptocurrency exchanges are actively developing and new opportunities are emerging for traders, making trading more profitable and safe for traders.

Mihawk

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It's something like that, but in practice it's the following. In the past, when the BTC was stable, altcoins and shitcoins were subject to ups and downs. When there were activities in the BTC price naturally the negotiations were smaller in other currencies. But in recent years this scenario has changed and technically it doesn't matter if the BTC price is active or not, the price of altcoins and shitcoins just fluctuates downwards. When they appreciate it is against the dollar and not the BTC. You can understand this situation as understanding the market, because what are these projects available there for?

Chato1977

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Quote from: Flowzer on June 25, 2021, 07:35:24 PM

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!

Its not 100% dependance, but the price impact from Bitcoin to Altcoins is real, its like how forex work when most of fiat dependance to USD.

it is mate, look how the market reacts for Bitcoin and the whole altcoins are being shaken .

Quote from: muratsink on June 26, 2021, 06:40:50 AM

Bitcoin is most impact for the future to altcoin, if bitcoin down altcoin never any chance go to higher price. Today bitcoin really drop under $30,000 and almost altcoin have lower price and not get chance for seeing altcoin strong when bitcoin or altcoin dump. I see every time bitcoin down need wait and patient to sell altcoin on higher price and not possibility to get altcoin rally worth to sell.

Not all mate because there ae some coins that grows high even when the Bitcoin is falling specially in altcoin seasons.

awik p

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Pepemo.vip

although this actually depends on the law of supply and demand, traders' psychology has a big impact here, when bitcoin goes down, many people sell their altcoins, some are invested in bitcoin to make it safer, but some are taken in cash, to be stored until see a market that is worth repurchasing. but unfortunately when bitcoin rallies, not all altcoins follow the rally too

muratsink

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Bitcoin is most impact for the future to altcoin, if bitcoin down altcoin never any chance go to higher price. Today bitcoin really drop under $30,000 and almost altcoin have lower price and not get chance for seeing altcoin strong when bitcoin or altcoin dump. I see every time bitcoin down need wait and patient to sell altcoin on higher price and not possibility to get altcoin rally worth to sell.

imstillthebest

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Quote from: lonte77 on June 23, 2021, 06:49:42 PM

I don't know why people sell their altcoins to buy BTC when the BTC price goes down. It will be good if they sell their altcoins to FIAT or Stablecoins directly.

when they buy btc they are helping its value to go up and when btc is up their altcoins can follow .
that would be the logic behind . alts are down and selling it to fiat or converting it to a stable coin is a bad move because they could lose .

Quote from: Alanaz on June 25, 2021, 02:55:31 PM

the reason may be simple because I think everyone here is interested in actual btc and no one denies it, and when btc is currently experiencing a decline of course this is like a very beautiful discount. it's a different story if they put it into fiat because there our assets will be like that and that's all and of course this is not profitable for those who intend to invest

they shouldnt have invested in alts before if all they want is btc and they shouldnt have waited for their alts to go down before they convert it to btc .
not everyone are in to btc but some have passion for other coins

ChaoChibai

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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 like the mother of all coins in crypto world so I think this is the common nature that altcoins will depend on bitcoin. So thats way when bitcoin price is severe crash like now, the price of altcoins is having the same red zone. So my answer is there is no independence in the crypto world.

Flowzer

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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!

Its not 100% dependance, but the price impact from Bitcoin to Altcoins is real, its like how forex work when most of fiat dependance to USD.

kramchers

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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!

In my own little way of understanding, there are some altcoins particularly centralized based are not dependent in Bitcoin. Those altcoins
that are decentralized form usually dependent into Bitcoin. And I've seen this for a couple of years now. And sometimes even it is centralized the whale manipulators are riding for what is trending in the market.

BigRasputin

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Buy $BGL before it's too late!

sadly yes, we call them "altcoin" if something called "alt" means it depends on something bigger and bitcoin is just king.

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