Topic: Bitcoin down Altcoin down - page 34. (Read 4413 times)
The reason is almost all investors are investing by looking at the price movements of BTC. If the price of BTC is going down then the investors will not invest on Alt coins or they may withdraw the invested amount on Atl. Then those Alt may start going down. That's the relationship between the movements of BTC and Alt.
Each altcoin value must first be converted to a Bitcoin equivalent value before converting to USD.
When the Bitcoin price falls or rises against the USD, all altcoins will usually follow. This is because all altcoin prices are based on their Bitcoin exchange rate, not their USD exchange rate.
When the Bitcoin price falls or rises against the USD, all altcoins will usually follow. This is because all altcoin prices are based on their Bitcoin exchange rate, not their USD exchange rate.
I want to make you happy. Over the past day, Bitcoin price has grown by more than 1k dollars. The market is again on pump. Catch the moment.
if I think it's true that the decline in bitcoin prices affects other Altcoin, but not always, because we can see where Bitcoin and Altcoin are accepted if bitcoin is banned in the country then the effect is also seen in Altcoin prices. Like Altcoin bitcoin is also a decentralized currency which means when the ban of bitcoin due to its decentralized nature the same effect is also seen in Altcoin.
I very much hope that the reverse function will work when the BTC is up and all the altcoins go up. I think and I really hope so, because my pocket is really empty. I'm sure that this time bitcoin will show good growth.
The whole market is interconnected, and when bitcoin falls, all other currencies react. This is normal and nothing can be done about it, only to accept it
Actually when i look at the market the bitcoin was increasing the price but the altcoins are going down. Ill think it was started only the altcoins going down and be recover again to increase the price just like bitcoin.
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 is the reference of all altcoin when the price of bitcoin is down then the rest will follow. But maybe other altcoin slowly price up but not much same currently today that bitcoin is not in good value.
The hole market again rise up, look at the CMC. I think its just starting, hope it will be continue.
I think that next month the price of the Ethereum will grow again. This should be expected from the market.
When you look at the price of an altcoin in USD, you are actually looking at the altcoin’s price in relation to Bitcoin’s exchange rate with USD. Every altcoin value must first be converted to Bitcoin equivalent value before it is converted to USD.
When the Bitcoin price falls or rises against the USD, all the altcoins will usually follow. This is because all altcoin prices are based on their Bitcoin exchange rate, not their USD exchange rate.
When the Bitcoin price falls or rises against the USD, all the altcoins will usually follow. This is because all altcoin prices are based on their Bitcoin exchange rate, not their USD exchange rate.
Obviously, if bitcoin drops 10% then alts normally drop 20%. Just check what's down more form the all time high.
Usually this is the case, but there are also alcoins that rise up regardless of bitcoin, next to which is HYIP, or which will simply be pumped.
Obviously, if bitcoin drops 10% then alts normally drop 20%. Just check what's down more form the all time high.
if I think for now, when crypto market is in bad condition, chances are all altcoin depends on cryipto market king that is on bitcoin, because i have noticed that altcoin depends on bitcoin and altcoin follow bitcoin price trend, when bitcoin price rises and it decreases, then it affects the value of altcoin, but not all altcoin down, there is still an increase and persist with the price.
Based on the market price, the price of altcoins always follows the Bitcoin's. Here, we can see that the Bitcoin still holds the great influence on the altcoins. Moreover, many platforms or exchanges also use the BTC as one of the payment methods for buying the altcoins and another cryptocurrency. the use and trusts of bitcoin really still influence the market.
All altcoins grow with the growth of bitcoin, falling and falling. Bitcoin is the market leader, and they fluctuate with the fluctuation of bitcoin prices.
yes. why so when bitcoin and ethereum dropped the value all over.
but if they increase the value of other tokens do not increase why so. because they do not hold the value of each tokens?
what do you think ?
This is a very interesting question))) personally my reasoning is that BTC / USD and ETH/USD, there are the main trading pairs for the entry into the Fiat pairs, only a few violas are at odds ....Well, of course the price of bitcoin reflects the general mood of the community of people))but if they increase the value of other tokens do not increase why so. because they do not hold the value of each tokens?
what do you think ?
Because bitcoin is not the last coin in crypto nor the at the middle comers in crypto world. It was the first ever coin that introduced virtual currency to the people through internet connection. Without any means of internet bitcoin couldn't be successful now. Thanks to internet that helps bitcoin to achieved whatsoever bitcoin reached. So far bitcoin doing well even though it decreases still no one can defeat this bitcoin reign in crypto as the original coin ever.
there is still a strong influence of bitcoin on other coins.There is a relationship between the two, or they both rise, fall or Vice versa. there is still a strong influence of bitcoin on other coins.
yes. why so when bitcoin and ethereum dropped the value all over.
but if they increase the value of other tokens do not increase why so. because they do not hold the value of each tokens?
what do you think ?
This is a very interesting question))) personally my reasoning is that BTC / USD and ETH/USD, there are the main trading pairs for the entry into the Fiat pairs, only a few violas are at odds ....Well, of course the price of bitcoin reflects the general mood of the community of people)) but if they increase the value of other tokens do not increase why so. because they do not hold the value of each tokens?
what do you think ?
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