Topic: Bitcoin down Altcoin down - page 13. (Read 4392 times)
During the last week, large amounts of money are withdrawn from the cryptocurrency, and if the price of bitcoin is relatively stable, then the price of altcoins is falling lower and lower. It seems that in the near future the price may fall even lower and we need to be ready to buy bitcoin and altcoins at even lower prices.
surely there is connection between bitcoin and altcoin price,
btc down = alt down
btc up = alt down
btc stable = alt up
but it cannot be used as a guide for short-term trading, for example is the price of doge this week when bitcoin dropped, the price of doge coin actually rose even almost 100%
btc down = alt down
btc up = alt down
btc stable = alt up
but it cannot be used as a guide for short-term trading, for example is the price of doge this week when bitcoin dropped, the price of doge coin actually rose even almost 100%
It is, since Bitcoin is the 'face' of the whole cryptocurrency market so there is only a few rare time that other alts did well than Bitcoin.
The first coin is bitcoin, bitcoin is another master of coins.
all altcoins still use bitcoin as a price reference.
so this is also a factor if bitcoin rises, altcoin also rises, or vice versa
other than that for now the price of bitcoin is the highest price compared to other coins
all altcoins still use bitcoin as a price reference.
so this is also a factor if bitcoin rises, altcoin also rises, or vice versa
other than that for now the price of bitcoin is the highest price compared to other coins
Yes i think it is right that Bitcoin is the master coin of the cryptocurrency and its market condition affects altcoin's price.
in my opinion now a days when the charge of bitcoin is down not all altcoins can be down also there are some altcoins that strong and there are a few that will increase their price.
Well, not all altcoins depend on the growth of bitcoin. For example, Tether. The development was carried out on the basis of the bitcoin. Using digital equivalents of real currencies, Tether is able to ensure the stability of quotations.
Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?
Whh must the fall of bitcoin after other altcoins?
Yes they are directly proportional when bitcoin down all altcoin goes down too. Bitcoin is just like gold stock in world bank when your gold stock getting low so does your country fiat currency.
I believe, in fact, these two crypto currencies are not very closely interconnected, but one-time growth and fall arise due to the general situation on the market
Altcoins are greatly influenced by BTC.
I think that the price of altcoins are depending on bitcoin. So if the bitcoin's price decrease dramatically it is good to buy bitcoin as well as altcoins because the altcoins price will surely decrease dramatically also.
Its normal don't worry.
Well if the bitcoin and this alcoin is also down this is a good time to buy for investment cos base on my observation altcoin is follow the bitcoin upper down value last year bitcoin was huge value and the altcoin is to the follow and hope this time we rich a gain a good profit from bitcoin and altcoin
Yes, with the growth of BTC, there is almost always a drop in altcoins, which begin to grow after stopping the growth of BTC.
Bitcoin @ the rate of 6000$is low and this has to do with altcoin, the more the lower in bitcoin price,once Bitcoin start rising back,all altcoin also we start rising
All altcoin is based on the bitcoin. So Bitcoin is really important to other all altcoins. We can see a great example for that one because the current BTC price is around 7000 - 8000$ and altcoin are in low prices. The main reason is the BTC price goes down.
Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?
Whh must the fall of bitcoin after other altcoins?
Based on my own understanding that`s the general situation of crypto world because altcoin price is always depends on the price of bitcoin because altcoin made based on the characteristic of bitcoin or in the other word bitcoin is the mother of all coins in the crypto world.
bitcoin is the value that determines altcoin
So there is a relationship between the two
Also, the dominance ratio of Bitcoin determines the value of Altcoin vs. Bitcoin.
So there is a relationship between the two
Also, the dominance ratio of Bitcoin determines the value of Altcoin vs. Bitcoin.
Bitcoin is the king of the crypto and rules all the movement of the market. It is that it leverages or knocks the market with its recurring fluctuations
Sure. Bitcoin is down and so also, are altcoins. Bitcoin is so powerful in cryptocurrency market that it controls the affairs of altcoins. Any positive or negative change in bitcoin will affect altcoins the same way. The impact of bitcoin is irresistible for altcoins.
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