Bitcoin and the Alts - page 2. | Bitcointalksearch.org

derigop

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Quote from: otandelapaz on February 13, 2018, 03:58:53 PM

It is observed that altcoin prices are depended on Bitcoin's price. What are the reasons why? Is it always like this?

In my opinion, it is due the investors that are changing or exchanging their cryptocurrency when the bitcoin's value goes up. Or maybe it is just a coincidence that when bitcoin's price goes up the altcoin prices goes up too.

jeluhtajem

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I can not find a reason for that, but if you look at the facts on the ground, that's what happens
all altcoin always follow the Bitcoin movement, and when the bitcoin price drops all altcoin will come down, because I have never seen any altcoin rising, when bitcoin down. and the conclusion that can be, that bitcoin is indeed a determinant of the price increase of all altcoin

aussiesloth

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Based on what I’ve seen, many, many alts are traded in satoshis, therefore every change in bitcoin price will be reflected in the alts that are being traded in sats. There’s an unavoidable correlation, particularly on sites such as Trade Satoshi, where fiat value isn’t even considered.

In summary, if the alts are being paired to btc and traded in direct relation to it, then there will always be a direct change in alt/fiat value for every change in BTC value.

I hope this helps.

btc_angela

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Quote from: otandelapaz on February 13, 2018, 03:58:53 PM

It is observed that altcoin prices are depended on Bitcoin's price. What are the reasons why? Is it always like this?

The only reason I can think of is that investors continues to shift their funds around. For example, I speculate that when bitcoin is going up, most altcoins investors moved their funds to bitcoin resulting to the price of most altcoins going down, and vice versa.

In addition to that, if we see that both markets are going green, it means that new cash is pouring into the ecosystem. We have seen this trend last December when both bitcoin and altcoin enjoyed one of its best days / years.

otandelapaz

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It is observed that altcoin prices are depended on Bitcoin's price. What are the reasons why? Is it always like this?

Topic: Bitcoin and the Alts - page 2. (Read 248 times)