Bitcoin down Altcoin down - page 35.

Zack Lee

newbie

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Quote from: richkiddo on July 15, 2018, 01:15:05 PM

Quote from: javainn on July 15, 2018, 07:20:35 AM

Quote from: Olayinka225 on July 12, 2018, 10:36:11 AM

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

there is a relationship between bitcoin and altcoin, because the benchmark of altcoin costs using bitcoin, so it's only natural that bittoin down altcoin also decreases drastically and this will happen anytime but if the increase in bitcoin or altcoin will continue to rise.

bitcoin and altcoin for me also they are sounds to be the partner to be that no matter what may happen on bitcoin there is a possibility that it can ever be on altcoin too.

indeed bitcoin lowers Altcoin but not entirely wrong bitcoin because altcoin itself always follow bitcoin bite hence
even though bitcoin up or down altcoin always follow its movement because both altcoins are needed each other but what I am looking at now Altcoin and bitcoin price in the recovery period

kattokassinen

full member

Activity: 169

Merit: 100

If want to information of the bitcoin and altcoin. Market place is help to give the more information of the all coin. If bitcoin price is go down some altcoin go up and some coin will be go down. I check the market price every time.

koralan

full member

Activity: 462

Merit: 100

The BTC is the strongest, most stable electronic currency and is capable of dominating the entire Altcoin market. When the price of the BTC is high, Altcoin's price is high and vice versa, the price of the BTC is reduced, the price of Altcoin decreased. This fact has been evidenced by the fluctuations in the cryptographic market.

larry1994

jr. member

Activity: 182

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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 ?

trademaniac

full member

Activity: 518

Merit: 106

Quote from: klasik1980 on July 13, 2018, 02:43:29 PM

Quote from: Olayinka225 on July 12, 2018, 10:36:11 AM

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

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.

it seems to be as you wrote.
but there are altcoins that react in the opposite way to bitcoin.
I do not know why.

engwenqu01

newbie

Activity: 56

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Bitcoin is the flag of the cryptocurrency market, and its wind direction determines the direction of all other currencies. Today it has to blow in the other direction, which is the direction everyone likes. Only with the blessing of funds on Bitcoin can the market gain confidence.

Bitcoinjheta

full member

Activity: 798

Merit: 104

The market still dependable to the highest value of a coin that is bitcoin why? Because, bitcoin is the first and unique forms of platforms of decentralized cryptocurrency. And being held as the king of all altcoins which means the supply and demand of paltforms start paying bitcoin currency to make it a coin.

sudah_wisuda

newbie

Activity: 140

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according to this case, if I have been in the crypto for a while and I have noticed that so Bitcoin High, the same goes with most Alts and the same thing when Bitcoin is down. so it's only natural that the bitcoin under altcoin also decreases dramatically and this will happen anytime but if the increase in bitcoin or altcoin will continue to increase.

siap86

newbie

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Quote from: Olayinka225 on July 12, 2018, 10:36:11 AM

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

The price of Altcoin always depends on bitcoin prices, the same thing happened in the past and now this is still happening. Whenever bitcoin prices go up and down, altcoin always does the same thing. Will this continue to happen? No one knows. This is a problem that the altcoin developer must address immediately, because if it keeps repeating it will only make them always number two.

iancortis

full member

Activity: 602

Merit: 105

because of demand both parties are almost the same way, this time bull market is about to start and every alts are keep ready to pump that's why much better make a buy of some alts if you have spare amount. and i think even shitcoins join the ride if ever.

rumoo42

newbie

Activity: 56

Merit: 0

All market trend indicators are now based on Bitcoin. Even the very hot eos last year failed to challenge. The current market still depends on whether Bitcoin can rise again. This trend will not change this year.

sakemias

jr. member

Activity: 208

Merit: 1

Bitcoin and Altcoin are declining now, but again, the bitcoin price will come back and altcoin will follow its movement because altcoin itself always follows the bitcoin and thus the market is re-greening and hopefully soon the Bitcoin price will return and can be profitable

norcia

member

Activity: 322

Merit: 10

Quote from: Olayinka225 on July 12, 2018, 10:36:11 AM

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

Yes, there is a relationship between the two. If you want to buy coins on the market or ICO, you can not use paper money, the only way to get it is to trade through both. Bitcoin is the controller of market prices, a benchmark for market stability, while altcoin is a follower, so naturally the health of bitcoin has a major effect on the life of crypto.

Firbolko

newbie

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I believe that all altcoins depend on the price of bitcoin, so they rise in price and fall in price as bitcoin.

christofyler

newbie

Activity: 532

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Sure you are right but not all altcoin depends on the price of Bitcoin.... It just that most all the altcoin depends on BTC

ramsay snow

full member

Activity: 630

Merit: 103

Quote from: Olayinka225 on July 12, 2018, 10:36:11 AM

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

Although some people deny that there is an harmony between bitcoin and altcoins, I can clearly say that the prices of the altcoins depends on the demand to bitcoin. I think altcoins should be more independent from bitcoin, but for now, I think it is a high possibility that this relationship will not change in the folllowing months or years.

Bytem3

full member

Activity: 602

Merit: 107

There was a strong push today. Bitcoin price went up almost $500 in less than an hour. Let's hope it will continue this way. It will have a very positive effect on all altcoins which will be gaining more than Bitcoin. WAX is almost 30% up

dimonarka

sr. member

Activity: 994

Merit: 250

In alternative crypto currency there is something unusual - the problem is that if Bitcoin exists, then there is no economic sense in creating cheap copies

homhay

member

Activity: 350

Merit: 11

Of course, because bitcoin is a reference of all altcoins, so do not be surprised, if bitcoin falls then altcoin also falls, so also when bitcoin price rises then altcoin price will also rise.

tylerderden

copper member

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Quote from: Olayinka225 on July 12, 2018, 10:36:11 AM

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

As all the coin's value is measured in terms of bitcoin so whenever bitcoins take a hit the Altcoin market also takes a pretty hard dip and falls with the bitcoin for no apparent reason after it. So till the time when altcoin aren't measured in terms of bitcoin, the relationship will continue without any exception, but USDT looks promising if you want to preserve your coins in dollar value then you simply cash out them in terms of tether and when the market falls to bottom you buy coins and when comes back up you sell those coins.

Topic: Bitcoin down Altcoin down - page 35. (Read 4413 times)