Topic: Bitcoin down Altcoin down - page 14. (Read 4399 times)
Well, when bitcoin pumped it got to a point where altcoins where staying way behind, so their demand started to grow and that is an scheme that seems to be lacking right now, altcoins are more independent at the moment.
but the most influential thing is altcoins like ETH because altcoin is the calculation of the highest decline compared to bitcoin. this should have been a must concern for ERC20 to be redeveloped and restore value to the crypto market
Yes bitcoin has an impact on the prices of altcoins so they repeat the rise and fall of the bitcoin price.
Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?
Some altcoins are dependent with the market value of Bitcoin and etherium. But not all the time same thing happens such that there are instances wherein the msrket value of Bitcoin is falling, while the price of some alts are in green marks. But at this moment, every crypto suffers from the continuous downtrend in the market thid year, cutting the market value of most cryptos 50% of their highest market price last year which pushes many people to hold for now. Whh must the fall of bitcoin after other altcoins?
In most cases, the fall of bitcoin is served by many altcoin, as due to the fall of bitcoin, panic begins in the market and everyone is trying to enter the so-called stablecoin.
It's always like that. If Bitcoin is going down, altcoins follow the fall. If Bitcoin is growing fast, altcoins are falling.... If Bitcoin is stable then all altcoins are growing.
That's the moral of story which is going from last few years. Whenever Bitcoin fall, other altcoin also fall and when Bitcoin boom, other altcoins also boom. May be the reason behind is Bitcoin popularity all over world and also Bitcoin is our first currency. Many investors love to invest in Bitcoin, so thats the one more reason.
Given the complexity of mathematical analysis in the crypto-currency niche, I would not advise to link these crypto-currencies. This is too little information for analysis.
It is.The price is going to have a pump not that long from now, don't worry if this price does not make you want to sell your coins.
Given the complexity of mathematical analysis in the crypto-currency niche, I would not advise to link these crypto-currencies. This is too little information for analysis.
It's closely related because the value of the entire crypto market is based off of BTC.
If the value of btc goes down, then the value of alts go down automatically in proportion to how much btc fell.
It is somewhat similar to currencies that are pegged to the US dollar.
The reason why the market is this way is because btc is really the only coin that is widely traded and can be quickly converted to fiat.
for example, You can't take your ADA or XMR and trade it with other alts directly, you would have to change it to btc, then use the btc to buy another coin.
Also, it's not very easy to sell your ada or xmr directly for cash. you convert it to btc, and then you sell the btc for cash.
It's not like governments decided it to be this way or there is some legislation that forces it to be this way.
it is just the natural reality of the market.
BTC has been around forever, it is the first and most widely used.
The community needed something to rally around to create valuation on the market and became btc.
If the value of btc goes down, then the value of alts go down automatically in proportion to how much btc fell.
It is somewhat similar to currencies that are pegged to the US dollar.
The reason why the market is this way is because btc is really the only coin that is widely traded and can be quickly converted to fiat.
for example, You can't take your ADA or XMR and trade it with other alts directly, you would have to change it to btc, then use the btc to buy another coin.
Also, it's not very easy to sell your ada or xmr directly for cash. you convert it to btc, and then you sell the btc for cash.
It's not like governments decided it to be this way or there is some legislation that forces it to be this way.
it is just the natural reality of the market.
BTC has been around forever, it is the first and most widely used.
The community needed something to rally around to create valuation on the market and became btc.
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 obviously there is a relationship between the two because ethereum is tether to bitcoins so obviously, most of the altcoins will drop if bitcoins is going to decrease its price in the market.
I believe that all coins are very dependent on the bitcoin price. Because bitcoin started this market and will be through. It's like a dollar in fiat money. Sets the growth rate for everyone.
Bitcoin is center of all cryptocurrency.
So, when Bitcoin price is going down the other coin is Affected on it.
We can look like ETH, NEO, and other.
When Bitcoin is go down it all is down too.
So, when Bitcoin price is going down the other coin is Affected on it.
We can look like ETH, NEO, and other.
When Bitcoin is go down it all is down too.
To my opinion, i think all other coin depends on bitcoin margin.. The higher the bitcoin price, the higher the other coin price..
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?
TYes there is, most alts are connected to BTC,
ALTS/BTC in the market theb BTC has its own value with USD.
this will take effect in the market as we all know thatr alts are into USD but and but there is no alts for them to usd...
like atls/usd system right?
Bitcoin has an effect on all cryptocurrencies, but to say that Bitcoin and Altcoins there is some direct connection is not necessary.
It is undeniable, because each altcoin follows the movement of bitcoin prices, habit when bitcoin prices fall, investors and traders panic sell against their altcoin assets, which resulted in falling altcoin prices.
Prices of altcoin always depend on the price of bitcoin. If bitcoin decreases, the price of altcoin decreases because bitcoin is the top coin and altcoin must always be traded with altcoin / btc.
Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?
I really believe that practically all the altcoins in the modern crypto market directly depend on the condition and prices of the pair BTC and Ethereum. After all, these are the two main platforms for the operation of most projects, they are used by many for transactions and investments, therefore, they largely influence the state of crypto. Whh must the fall of bitcoin after other altcoins?
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?
Alternative coins in the market mostly engage with BTC value.
Once the Bitcoin USD value rise the USD calue of any token will also rise.
they are depending on BTC value in the market to have the US DOLLAR.
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