Topic: Are there any altcoins that are independent to Bitcoin? (Read 555 times)
There may be, but despite a number of naturally, there is also not much. However, if it is indeed found that Crypto as it will be difficult to know his movements because of unpredictable and different from the other crypto. Although the movement is free but does not guarantee it will be able to be great by itself.
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
I'm sure you will find not related coins to Bitcoin. When a new coin is listed the price is different from new investors buying and olds selling. Price has to go stable and it needs time. A project crashed will also have a different price because it means only bad to especial coin. But main all coins are related in way to Bitcoin...
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
Yes the prices of Altcoins tend to follow Bitcoin. This is mostly due to Altcoin/Bitcoin pairing being traded. Every major exchange offers BTC trading pairs. Because BTC is the top coin being traded for other alts in terms of market cap, volume, and general popularity, it is thus at the center of the crypto economy and has some gravity behind it. Therefore, the prices of Altcoins mostly follow Bitcoin’s prices.
I guess no coins are unaffected by the fall and rising bitcoin prices. Because until now bitcoin as a benchmark altcoin
I don't think there is any altcoin that is fully independent from Bitcoin. Even Ethereum price is somehow affected by Bitcoin. But if many exchanges start to provide altcoin to fiat pair. And not altcoin + bitcoin pair. I think altcoin will be more independent.
In my opinion, almost all the crypto coins which are there in this world are quite dependent on each other. Same is the case when we talk about wither bitcoins or altcoins. Bitcoin is the bets coin and that it has a very strong hold in the entire crypto market and that the change in the market value of the bitcoin effects the market value of rest of the crypto coins and that’s why bitcoin is at the top of the list. 
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
Yes the prices of Altcoins tend to follow Bitcoin. This is mostly due to Altcoin/Bitcoin pairing being traded. Every major exchange offers BTC trading pairs. Because BTC is the top coin being traded for other alts in terms of market cap, volume, and general popularity, it is thus at the center of the crypto economy and has some gravity behind it. Therefore, the prices of Altcoins mostly follow Bitcoin’s prices. I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
crypto market is strongly bound to bitcoin. if the occurrence of accidents on bitcoin will greatly affect other altcoin. when bitcoin decreases drastically, many of the investors will secure its assets in local currency, and investors will turn away from all altcoin. therefore, no one altcoin can move independently for the moment.
I've asked myself same question over and over again until I took time to study the market trend. Bitcoin is the King and whatever moves the King makes, the kingdom (Altcoins) suffers positively or negatively. Let's reason together, what happened to altcoins when BTC tanked from 20k USD to 13k USD and finally to 6500USD, almost all altcoins suffered as well. Even ETH that was expected to hold firm also dropped in value. BTC controls the market. When it's stable then altcoins can grow organically.
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
That is a good question and a mystery too. Even when altcoins seem independent from Bitcoin, because they rise while Bitcoins tanks, in fact they are STILL dependent from Bitcoin. I wonder when this link will be finally sewered.
All coins are dependent to bitcoin. As you can see, these coins are exchangeable to bitcoin in almost all exchanges. There are some that depends on ETH but ETH itself depends also to BTC.
If you realy need an answer, I would say, fiat coins, kidding.
If you realy need an answer, I would say, fiat coins, kidding.
No coin i found till now which is not dependent on bitcoin price . But small pump and dump happens with most of the coins but everytime it rel y on bitcoin price when it really going to stable market price . Yes last bitcoin pump went to 20000$ most of the altcoins failed . But i dint see any scenario where bitcoin was falling any coins were increasing its price.
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
That's impossible because Bitcoin is the mother of all crypto. If Bitcoin is not born then Crypto will not exist either.And if there is an independent coin then we can invest at will. Playing longterm is better and we will not be afraid the coin we hold will drop drastically.
When it comes to price of cryptocurrencies Bitcoin is the primary determinant of the market price so I do not think there is any such coin.
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
no altcoin is completely independent, all altcoin is bound by bitcoin. yes, this is why bitcoin greatly affects on all crypto. the market is always bound by bitcoin and its effect on altcoin. bad news will be an obstacle to the growth of all crypto.
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
From the fundamentals, a lot of altcoins should have a price pattern that is independent from the Bitcoin's price, since a lot of them have different tech and consensus algorithm. However, from technical analysis, it's possible to see that most altcoins have a similar response to variations in the Bitcoin's price.If you don't know the tech behind these alts, it's better to hold Bitcoin, since there is a high risk that you can get burned by dumping it.
The only Altcoin independent to Bitcoin is Tether all because the price is pegged to one Dollar, there is no way Altcoins will be independent of BTC, because most of the trading on exchanges is against it, and even if you want to get in and out of Crypto you still need BTC because it is the gateway to fiat.
Almost all the coins the bye-product of it is bitcoin. If you want to cash out your alternative coin you most first exchange it to bitcoin or USDT because most cryptocurrency to fiat exchangers only exchange bitcoin to fiat directly, though some are accepting etheruem now.
There are not. Because all of them have a trading pair with BTC, and then their price always depend of BTC's price. If you want find one, it just USDT 
I don't think there are any truly independent altcoins out there, part of these coins still depends on bitcoin's existence in a way or two. And a lot of alternative cryptocurrencies out there are still powered by bitcoin's blockchain technology so I don't think there are coins out there that are truly independent and free from bitcoin. So, that is my take on this topic.
The reason why altcoins are dependent on bitcoin's price is because you can not buy alts with fiat.
You have to buy your btc, then use the btc to buy the alt.
If you want to cash out, you have to change your alt to btc, than sell the btc for cash.
So that's why prices are dependent on btc.
But, there have been changes. There are now quite a few alts that are entirely dependent on the price of ETH.
ETH has gotten more and more easier to change to fiat.
So a decentralized eth exchange will have all of the prices of the alt dependent on the value of eth.
And now, there are quite a number of ETH tokens that aren't doing well and can't penetrate the exchanges or market so they are stuck on no volume exchanges and IDEX or etherdelta, so they are entirely dependent on eth.
Because of these realities, that's why it is important to choose either btc or eth as the base of your portfolio.
That means, you make 40 to 60% of your coins be either btc or eth, and your trades should be aimed at overall increasing the amount of those coins you have.
You have to buy your btc, then use the btc to buy the alt.
If you want to cash out, you have to change your alt to btc, than sell the btc for cash.
So that's why prices are dependent on btc.
But, there have been changes. There are now quite a few alts that are entirely dependent on the price of ETH.
ETH has gotten more and more easier to change to fiat.
So a decentralized eth exchange will have all of the prices of the alt dependent on the value of eth.
And now, there are quite a number of ETH tokens that aren't doing well and can't penetrate the exchanges or market so they are stuck on no volume exchanges and IDEX or etherdelta, so they are entirely dependent on eth.
Because of these realities, that's why it is important to choose either btc or eth as the base of your portfolio.
That means, you make 40 to 60% of your coins be either btc or eth, and your trades should be aimed at overall increasing the amount of those coins you have.
Jump to: