Bitcoin down Altcoin down - page 28.

Joriecoinbit

full member

Activity: 434

Merit: 105

Quote from: Holucoin10 on July 28, 2018, 09:27:28 AM

Quote from: Olayinka225 on July 12, 2018, 11:36:11 AM

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

The main currency in cryptocurrency markets is Bitcoin (fiat currency, ethereum, and Tether are also used, but Bitcoin is the primary currency). Given this, altcoins tend to fund Bitcoin runs and Bitcoin tends to fund altcoins runs. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoins prices.

I think bitcoin and altcoin are down it is because of discrimination in where it affect the ratings of the demand ,both has a potential to fluctuates high price so while the are down be patience and have good strategies in this bear trend.

Teal Deer

sr. member

Activity: 714

Merit: 250

Of course there's a connection. All altcoins depend on the value of BTC. If it grows, everything grows. He falls and everything falls. So it was and I guess it will always be. BTC is the very first cryptocurrency, on the basis of which all the others have already appeared.

Dodongbtc111

newbie

Activity: 167

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Quote from: Olayinka225 on July 12, 2018, 11:36:11 AM

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

Bitcoin as the core coin in cryptocurrency have the capability to affect the entire cryptocurrency market. This is due to altcoins trades which usually converted to bitcoin or Ethereum.

Holucoin10

newbie

Activity: 113

Merit: 0

Quote from: Olayinka225 on July 12, 2018, 11:36:11 AM

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

The main currency in cryptocurrency markets is Bitcoin (fiat currency, ethereum, and Tether are also used, but Bitcoin is the primary currency). Given this, altcoins tend to fund Bitcoin runs and Bitcoin tends to fund altcoins runs. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoins prices.

beskid

full member

Activity: 252

Merit: 103

From July 2018, you can see that the course of altcoyins is for the first time virtually independent of the bitcoin course. I can not give a logical explanation of this situation, but I think that this should be. This will reduce the amount of fraud in the crypto currency market.

doolittle

full member

Activity: 340

Merit: 101

Quote from: Olayinka225 on July 12, 2018, 11:36:11 AM

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

I have watched the movement of bitcoin and altcoins on the exchange. And I can say that there is not always a direct relationship. Sometimes it takes 1-2 days from the moment when bitcoin has already gone up, and altcoins are still in place. And Vice versa in the downward movement.

Leanna44

newbie

Activity: 252

Merit: 0

Bitcoin is the leader of all coins the market becomes green it seems that it is in good pricing, but if it is goes down then the altcoin is followed, if it is not dropping down together with bitcoin it gets affected because bitcoin is parameter of all coins.

gayan7788

jr. member

Activity: 190

Merit: 1

now is BTC going bull, alt is down I hope next week alt is moon, btc is not stable market, wait all

Podda (SL)

newbie

Activity: 27

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Yeah because these between have a great relationship. Bitcoin is a major cryptocurrency in the crypto market. 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.

luungocthuyhv

newbie

Activity: 51

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Yes, the BTC and alcoin relationships are always intimate. As more than 40% of the capital market belongs to the MOF, any increase or decrease of the MOF also affects the whole market. In addition, the trading floors are now accepted through BTC / Alcoin trading pairs

ObroQ

member

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I think there is a dependency between bitcoin and altcoins. if one of the is affected by the price change, the other one will be affected to but not to the same degree.

5stringer

member

Activity: 185

Merit: 10

I have been in the crypto for a brief period and I have been seeing that once the Bitcoin is High a similar thing runs with the greater part of the alts and same thing when Bitcoin is down. I think this on the grounds that to that Bitcoin is pioner of all coins existed in the market and alts designed the market stream to bitcoin.

Biet12

jr. member

Activity: 146

Merit: 1

https://i.imgur.com/5JpAp21.jpg

it's all nothing to do between the two, because the price goes down it depends on the people who invest and support each ad as well .

Bitcoincole

full member

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Merit: 102

I guess this is just part of the volatility of cryptocurrency though altcoin price is also dependent on the current price of bitcoin the market. When it goes up again, altcoin will surely increase,too.

Endikadija

hero member

Activity: 1458

Merit: 509

Quote from: Asawakobana2017 on July 28, 2018, 05:28:10 AM

Quote from: 320hz on July 28, 2018, 05:24:36 AM

Yes, today the market is going down. The altcoins are very much cheaper. I think that at the moment it's better to fix the capital in the stable token of USDT or USD.

I believe that the price of the altcoin really depend on the bitcoin price. The bitcoin is the price basis of all coin on crypto feild if bitcoin falls down the altcoin price is also falling down. So then I believe that the altcoin depend on the bitcoin market. If bitcoin failed the altcoin will also failed.

Altcoin use the bitcoin price to get the price for its altcoin. bitcoin is dominating everything in the cryptocurrency because it has been used by so many altcoins to determine the real price of altcoin.
But if bitcoin gets down and altcoin will get a lot of impact in the bitcoin pair.

kayvie

sr. member

Activity: 1022

Merit: 257

Quote from: Olayinka225 on July 12, 2018, 11:36:11 AM

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

yes I think both bitcoin and other altcoins are quite related. because everytime when the price of bitcoin is down, the price of altcoins are also down.

kliown

hero member

Activity: 1080

Merit: 500

Altcoins are influenced by Bitcoin, as Bitcoin is the leader in capitalization in the cryptocurrency market. That is why wherever bitcoin goes, after a while it is followed by altcoins, and it does not matter up or down.

Geoll29

member

Activity: 266

Merit: 10

It seems like bitcoin and altcoins are down for quite some time now. This really makes investors to think twice if they will still support cryptocurrencies. I think there is still hope and what we're experiencing right now can be compared to recession which is only temporary.

r.bhalla07

member

Activity: 546

Merit: 10

bitcoin down and altcoin down because half line is not true because the bitcoin is the only coin which rates are not down and dont going loss to the users but the workers have take patience and have trust in bitcoin and bitcoin rates are going very high after wait for some time.

chris paul

newbie

Activity: 64

Merit: 0

As we all know and we do believe that Bitcoin is the king and the leading coin. So there is a perfect relation between Bitcoin and altcoins. The altcoins follow the Bitcoin where ever it goes, If it goes high the altcoins will go high, If it goes low the altcoins will go low.

Topic: Bitcoin down Altcoin down - page 28. (Read 4392 times)