Bitcoin down Altcoin down - page 37.

richkiddo

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Quote from: javainn on July 15, 2018, 08:20:35 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?

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.

jaggijagjit

member

Activity: 378

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Yes bitcoin is the base currency of this market and all the altcoins follow the bitcoins price trend, if price of bitcoin fall down then all the altcoins value also fall down and when the price of bitcoin grow then all the altcoins value also start go upwards.

tung06081989

newbie

Activity: 252

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yes,when BTC down it make crypto market down together BTC,now BTC has strong effect to crypto market,i think it is no fair with crypto market,alt coin change depend on BTC,I hope market have many coin go up to share effect of BTC with market

cacvy3

member

Activity: 163

Merit: 10

It is all a pattern that is never ending, that is the magic of crypto, it is always the same and that is the way that it is always working. The same thing happens when bitcoin goes up, almost all the altcoins on the market are following the same pattern

tusherk800

member

Activity: 188

Merit: 70

TAU COIN

Yes, this the natural law of cryptocurrency now. But I think the reason is bitcoin is the mother and the other altcoins are her child. So, as bitcoin down all altcoins down. Grin

Nice harmony

vasil777

full member

Activity: 546

Merit: 100

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?

At the moment, when the crypto market is in a bad state, all altcoins are dependent on the king of the crypto market - bitcoin. But I think if the crypto market is stabilizing then alto coins will live on their own.

Epimetheus

legendary

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Quote from: cryptodalton on July 13, 2018, 03:16:36 PM

Bitcoin is generally a dominant crypto currency and its impacts on the price of altcoins and results to similar price fluctuation. There's no specific reason behind this. It is just the nature of bitcoin.

Bitcoin is a dominant crypto currency. It is true that falling in bitcoin price affects the Altcoin but not in always. In those country in which both Bitcoin and Altcoin accepted if bitcoin is ban in those country then the effect also shows on the price of Altcoin. Like bitcoin Altcoin also an decentralised currency which means when bitcoin ban because of its decentralised nature then the same effect also shows on the Altcoin. But in some situations like investment if bitcoin price is down due its volatile their is no falling in the price of altcoins but in some conditions Altcoin price is also falls.

bombie1

newbie

Activity: 112

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The market pairing is between btc or eth and any of the altcoins so if the price of btc and eth is down then it affects all the prices of altcoins in general.So am praying for a time we will be trading against a fiat currency so that all coins will have their individual values without being affected by the market price of another coin.

katawan4741

copper member

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I have been in the crypto for a little while and I have been noticing that once the Bitcoin is High the same thing goes with most of the alts and same thing when Bitcoin is down. I think this because to that Bitcoin is pioner of all coins existed in the market and alts patterned the market flow to bitcoin. But there are some coins or alts that are not get affwcted by the major coins moves.

Karina 3340

member

Activity: 168

Merit: 10

I do not think who will crypt out in 2019. On the contrary, I think it's time for prosperity and growth. And there we will look, that it is necessary to us to go through. But I'm optimistic about all this.

javainn

full member

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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?

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.

hewbrowden

newbie

Activity: 98

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?

Many altcoins buy for Bitcoin. Then when the price rises for an alternative cryptocurrency also grows and Bitcoin. That's such an relationship.Now the whole crypt is cheaper and the BTC is not an outsider

Bokugo

full member

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Quote from: Omtamvan on July 15, 2018, 08:01:41 AM

indeed bitcoin lower Altcoin because Altcoin itself always follow the movement of bitcoin hence from now even though Altcoin down there are still many people who invest in Altcoin and bitcoin because Bitcoin and Altcoin are favored by many people so from it bitcoin and altcoin together

However I think the decisive rise and decrease in altcoin prices is bitcoin, because as we know when bitcoin prices fall all altcoin prices fall as well, but if the Bitcoin price increases most likely the price of altcoin will increase as well.

batang_bitcoin

hero member

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

Is there any relationship between the two?

Yes.

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

Whh must the fall of bitcoin after other altcoins?

They are all following bitcoin, so if you are curious why most alts are falling down when bitcoin falls down, that answers your curiosity.
Altcoins aren't independent, all of them are depending to bitcoin's market so when bitcoins down, they will be down too.

Omtamvan

jr. member

Activity: 238

Merit: 2

indeed bitcoin lower Altcoin because Altcoin itself always follow the movement of bitcoin hence from now even though Altcoin down there are still many people who invest in Altcoin and bitcoin because Bitcoin and Altcoin are favored by many people so from it bitcoin and altcoin together

annasadia

newbie

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Yes, there is a relationship. The price of altcoins depend on the price of Bitcoin. So when the price of Bitcoin falls, the price of other altcoin falls as well.

Mix_Fix

member

Activity: 420

Merit: 10

Yeah, and it will always be until we will trading everything to ETH or USDT pairs. I think that in 2-3 years we will see great alternative for BTC trading and alts independency.

DiabolicAnt

full member

Activity: 420

Merit: 100

Yes there are correlations between BTC and alts. We can tell it even from the graphs. Of course, a awry coin has its own rises and falls, but they’re all pretty similar.

sister1001

member

Activity: 237

Merit: 43

There is a little bit of that indeed. Bitcoin is linked to many coins that do not have a sufficiently independent trading volume and everything goes downhill at the same time.

joellogan

newbie

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bitcoin and altcoin this two are most well coins of cryptocurrency, still now on other coin gain ase much popularity among the users. their popularity something cause harm to the market cause the investors thought if the bitcoin or altcoi price is down then maybe all over condition of the market is down but my suggestion will be don't judge the whole market based on a specific sites.

Topic: Bitcoin down Altcoin down - page 37. (Read 4392 times)