Topic: Bitcoin down Altcoin down - page 18. (Read 4413 times)
In my opinion because Bitcoin leads the market. Reduction of Bitcoin means that other coins will also decrease. But it's not forever. The new cryptocurrancy currency that has just emerged depends heavily on Bitcoin prices and falls and grows with them, and cryptocurrancy currencies that have been firmly embedded in the market can grow on their own depending on demand.
I think the relationship between Bitcoin and altcoin is that altcoin will always fluctuate with the fluctuation of Bitcoin. Bitcoin's falling altcoin will definitely fall along with it. Bitcoin will also rise along with altcoin.
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?
In some ways the price usually affects the altcoins because most of the altcoins exchange to bitcoin befor exchanging to their local currency, so if the price of bitcoin should be down it must affect some altcoins.
If bitcoin rises, people sell. If butcoin goes down, people sell. Too much btc fluctuations make altcoins trading very difficult.
Bitcoin is the leading cryptocurrency ! If there is negative news-he first takes the hit.Accordingly, the rate of the rest of the coins falls because they lack independence.
Let's not forget that bitcoin is the pioneer digital currency in the cryptoworld and is also the base currency giving it the good notion of being the leader of the pack. Just remember famous quotes say "Follow the leader!", and that's what's happening exactly when bitcoin is down. Since altcoins have their market price bind to bitcoin, so it just makes sense if they also goes down.
I trust that the cost of the altcoin truly rely upon the bitcoin cost. The bitcoin is the value premise of all coin on crypto feild if bitcoin tumbles down the altcoin cost is additionally tumbling down. So then I trust that the altcoin rely upon the bitcoin showcase. In the event that bitcoin fizzled the altcoin will likewise fizzled. For me, I trust the purpose behind this is on the grounds that bitcoin is the most established crypto and other altcoin were worked from it blockchain that is the reason it controls the cost of altcoin however I have faith in coming years, the altcoin will have the capacity to likewise remain individually and not be influenced by the cost of bitcoin.
I think this has a bitcoint connection to reduce altcoint, when the bitcoint price drops automatically the altcoint price will drop, because bitcoint is the parent of crypto so if the price drops it will affect all coints
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?
I think the prices of bitcoin and other altcoins have generally similar movements. But in the last few months, I can not see similarity between the price of bitcoin and an another altcoin, for example ethereum. In my opinion, the next movements can maybe show us some differences.
The entire blockchain/crypto industry is being manipulated downward by big banks and government regulators. I don't think there is much sense to any of these prices. Try to pick a bottom and get in. When this turns its going to be hard and fast.
yes, BTC has always occupied a large number of transactions, all actions taken by BTC always changing market.
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?
bitcoin will interact with all the coins in cryptocurrency, and of course with altcoin. I think bitcoin is a price crunch in crypto, so everything follows what bitcoin does.
actually for the reason that altcoin prices dropped when the BTC price dropped was not very clear, probably because of an investor's fear or worry when BTC experienced a price decline, so that altcoin investors would sell their coins
It is very clear that the price of altcoin is strongly influenced by the price of bitcoin, because almost all altcoins use exchange rates from bitcoin, so it is only natural that bitcoin falls, all altcoins will also fall, and vice versa if bitcoin rises, the altcoin will also rise
When you look at today's market , there is a direct relation of bitcoin price to that of the altcoins. Whenever bitcoin price shoots, the other alts also shoot in addition and vice versa.
I believe that all altcoins depend on the price of bitcoin and so now all prices are falling.
I also think like that, when the price of bitcoin drops it will affect the price of other coins because bitcoin with other coins must also be related to each other ...
i feel sad about it, but all is according to my strategy, in other words, i accumulate crypto while market is going down, so making average purchase lower.
Try to do the same!
this is a good moment for investment. crypto is not yet stable but that is what makes crypto very much to invest.Try to do the same!
I am sure the market will go up one day it is only a matter of time so I remain calm even though the market is currently down because Crypto down is a natural thing.
The binding between BTC and altcoyins is very large since these are the main pairs for trading on exchanges, and when the BTC goes down or up it also pulls for itself and everyone else, but in time.
i feel sad about it, but all is according to my strategy, in other words, i accumulate crypto while market is going down, so making average purchase lower.
Try to do the same!
Try to do the same!
My answer is not always. Experienced traders at these races and the difference is very cool earns. But this, unfortunately, not a simple luck. This is a Titanic work and a huge wealth of knowledge.
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