You said it. Some altcoins were survived when BTC downtrend goes on, but it just less than 10% of total altcoins were survived. 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.
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 
Topic: Are all altcoins dependent on Bitcoin? - page 9. (Read 3906 times)
Of course not, because not all coins are linked to btc and there are only a few linked btc pairs on the exchange. the logical reason I've come across is why altcoins go down when bitcoin goes down because some of them stop their investment in altcoins and change them to bitcoin because at that time bitcoin goes down so altcoins can go down like following btc.
this is very reasonable because almost everyone feels that btc is more reliable in terms of long-term investment, therefore when btc experiences a decline they are competing to buy btc
this is very reasonable because almost everyone feels that btc is more reliable in terms of long-term investment, therefore when btc experiences a decline they are competing to buy btc
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 hybrid exchanges are very popular because decentralized and centralized exchanges have their drawbacks.
Not true. Remember there was a period last year when altcoin and bitcoin prices were moving in opposite directions, in fact, it was the altcoins that were pumping. Coins like Ethereum, Binance coin and Polka dot doing the business
Bitcoin ranks at the top of all currencies in the crypto market the price of other altcoins including ethereum increases depending on the price of bitcoin. With the price of bitcoin declining the price of altcoin has started to go down.
I think yes but not all of them. Bitcoin is like a pioneer and when the market crashes almost all traders decide to sell their altcoins and make them into stable coins which are eventually used to buy bitcoins at lower prices. Many traders want altcoins to be able to stand alone and not follow the direction of the bitcoin price but all back again, history always repeats itself.
Hi Guys, what you think about this project Neptune Mutual. I read a lot about it but still wondering whether its a good decision to put $1000 into it or not.
It seems you are in too much of a hurry for that, I want to know first about what you read about the project, can you tell me more details here about the project so I can give you a little insight even though the final decision is always there in your own hands.They say they are bringing decentralized cover protocol on the BSC.
Their website: https://neptunemutual.com/
Docs: https://docs.neptunemutual.com/
App: https://app.neptunemutual.com/
Not really, most at times they are being carried away with the market bleeding so they could panic to sell as well. Other thing that drives it getting wrong news about some currencies and it will also affect the market, but advanced traders don't get stumbled out via a force or rumors.
No, only those that are made from BTC fork. However, BTC price movement affects altcoins as well since all altcoins are paired with BTC. BTC price drives the market as a whole since it has the largest market capitalization.
This is one of the main reasons we see something like this, altcoins are priced against bitcoin which means that any change in the price of bitcoin immediately affects them, and when we add that a great deal of the coins we see are not really original enough and are just forks of other coins then it makes sense they follow bitcoin, however there is a moment in which they do not and that is when those coins finally go to zero and never recover which is why it is a bad idea to hold those coins for the long term. 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 the exchanges are popular and trading volumes on the exchanges continue to grow. It is good that there are new hybrid exchanges that combine the advantages of DEX and CEX.
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.
I don't think all altcoins depend on BTC, the proof is that there is altcoins that can still survived if BTC goes down, but most altcoins follow the btc trend, maybe because BTC is so dominant in the crypto that many altcoin holders sell all their assets to buy BTC,
but few altcoins do that. mostly if there is a decrease in bitcoin, there will be a lot of altcoins that go down, especially if the altcoin is just a momentary fomo action, of course it will come back down also following bitcoin. Simply because bitcoin dominance still high, if there's some coins who can move against bitcoin
trend is some because of the update and most are being used for pump and dump. Be very careful
if you are playing with the market, this kind of action mostly the reason why many people got stuck
and lose their money.
Hi Guys, what you think about this project Neptune Mutual. I read a lot about it but still wondering whether its a good decision to put $1000 into it or not.
It seems you are in too much of a hurry for that, I want to know first about what you read about the project, can you tell me more details here about the project so I can give you a little insight even though the final decision is always there in your own hands. I don't think all altcoins depend on BTC, the proof is that there is altcoins that can still survived if BTC goes down, but most altcoins follow the btc trend, maybe because BTC is so dominant in the crypto that many altcoin holders sell all their assets to buy BTC,
but few altcoins do that. mostly if there is a decrease in bitcoin, there will be a lot of altcoins that go down, especially if the altcoin is just a momentary fomo action, of course it will come back down also following bitcoin. Simply because bitcoin dominance still high, if there's some coins who can move against bitcoin
trend is some because of the update and most are being used for pump and dump. Be very careful
if you are playing with the market, this kind of action mostly the reason why many people got stuck
and lose their money.
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 actually but almost all of altcoins affected when the price of bitcoin moves up and down, all alts have their own platform and governance but we cannot deny that the bitcoin influence are affecting the alts market.
I don't think all altcoins depend on BTC, the proof is that there is altcoins that can still survived if BTC goes down, but most altcoins follow the btc trend, maybe because BTC is so dominant in the crypto that many altcoin holders sell all their assets to buy BTC,
but few altcoins do that. mostly if there is a decrease in bitcoin, there will be a lot of altcoins that go down, especially if the altcoin is just a momentary fomo action, of course it will come back down also following bitcoin. Not true. Remember there was a period last year when altcoin and bitcoin prices were moving in opposite directions, in fact, it was the altcoins that were pumping. Coins like Ethereum, Binance coin and Polka dot doing the business
Hummm,Bitcoin value will guide the market, it is easy to spot the trend. That is the power and importance of bitcoin. It's almost like consensus, ... if there were exceptions, it would be fomo, good and short imo. That, further definition, bitcoin will forever be king. Bitcoin is strong, formatted and invincible for ultimate freedom -> the whole market goes into a bull cycle and vice versa.
Not true. Remember there was a period last year when altcoin and bitcoin prices were moving in opposite directions, in fact, it was the altcoins that were pumping. Coins like Ethereum, Binance coin and Polka dot doing the business
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 believe not all altcoins are strictly dependent on BTC. But they can always be affected by the trend. Some can still weather the storm though. Like for instance, this undervalued gem called XSN the native crypto of Stakenet. A solid project that offers multiple staking solutions for passive income. They've also got the Layer 3 Stakenet Dex which will going to be launched in public soon. Is there no independence in the cryptocurrency world?
Thank you!
I don't think all altcoins depend on BTC, the proof is that there is altcoins that can still survived if BTC goes down, but most altcoins follow the btc trend, maybe because BTC is so dominant in the crypto that many altcoin holders sell all their assets to buy BTC,
You said it. Some altcoins were survived when BTC downtrend goes on, but it just less than 10% of total altcoins were survived. 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.
Hi Guys, what you think about this project Neptune Mutual. I read a lot about it but still wondering whether its a good decision to put $1000 into it or not.
I think strong alcoin projects cant be depend from BTC, because they could depend from USDT , now I know good projects, earlier I didnt see any, everything was depend from BTC
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