Bitcoin down Altcoin down - page 38.

Morgann

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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?

Its normal for the price of other cryptocurrency to go down when bitcoins is dumping because all the ico's has the price based on ethereum which is also connected to the price of bitcoins and you can always notice in the market that both coin has always ups and down.

glowing10

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Quote from: rayk on July 14, 2018, 11:29:45 AM

There is relationship between two, either they both go up, go fall or reverse relationship. So there is still strong effect of bitcoin on other coins.

If btc rises so does other altcoins and if btc falls so does other altcoins. Their is a direct relationship between both of them and due to which it is important that btc keep rising so that we can see the other altcoins also rising and touching new high.

Destroyeroff98

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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?

Most Altcoins have similar jumps in price with Bitcoin. But there are exceptions to the cryptocurrency.

nanajiana

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This is because the bitcoin stem from the coin is. where is bitcoin serve as the benchmark for other coins. so the movement of the bitcoin going a little multiplicity contributed to changes in altcoin.

Tom Shelby

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because bitcoin is a brand. everything basically focuses on it. As soon as he falls, everything falls. you need to wait a little.

ShineftChaos

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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 market price of all the altcoins are based on ethereum which is tether to bitcoins so obviously all the cryptocurrency in the market will be highly affected every time bitcoins is dumping.

Cryptokingind

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Bitcoin is the base currency of this crypto market and all the altcoins follow the bitcoin price trend. If the price of bitcoin in decrease trend then all the market will go down and if the price of bitcoin in increasing trend then all the market goes upwards. So I think there is a strong connection between bitcoin and altcoins.

HungryTigerGrouchyCrotch

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This situation reminds me my question then - it that really decentralized system when the altcoins are dependent on something, it's not banks, OK, but it's something and this really tells me that nothing can be absolutely independent..

absurde

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i still don2t understand the relationship with bitcoin and alternative coins. There is no proper rule between them.
Sometimes they fall down and up together, sometimes opposite.

Tiger Baseball

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Btc down altcoin also down, naturally if this happens, but not all altcoin down, there is still a rise and survive with the price.

therhslv

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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?

Yes thats what almost all the time happens if BTC go down and alts follow based on $ price . But sometimes if you compare satoshi price , then its where it was before going down . So take in mind if BTC goes down compared to $ then satoshi value goes down and you see that alts is red aswell , because alot of ALTs is trading against Bitcoin with satoshi price .

rayk

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There is relationship between two, either they both go up, go fall or reverse relationship. So there is still strong effect of bitcoin on other coins.

Nisharawal

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I am no stable coin. to the mooonn.. and back

Actually, i agree with the hitrawal91 concepts and statement that bitcoin is the king of the cryptocurrency and it was the first coin which introduces a few years back in the crypto market. It behaves like stock index or you can say emini index where the incex listed stocks follow the index direction and traders jsut the index trend chart to identify the overall market conditions and overall sentiment of the market.

earnetheasy

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Altcoin's price always depend on bitcoin's price. This same thing was happened in the past and now it is still happening. Whenever bitcoin price goes up and down altcoin always does the same.Its nothing new.

altcoinhunter01

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Yes,they have co-relation as bitcoin is a first and oldest currency of this market and highest market cap and whole market follow the direction of bitcoin, if it rise, whole market start rising after some time but if it start dropping, whole market dropped but more then bitcoin.

Sarcasm

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Quote from: bulgar_84 on July 14, 2018, 10:48:51 AM

Of course there is relationship with them, altcoins prices depend on with bitcoin price so if something happen and btc price drops then almost every altcoin price drops with btc.

Well, if altcoin and bitcoin exist in the same market and both are crypto currents then, there will always be a relationship between the two. But this has not been proven by actual research. But by looking at market patterns over the last few years it can be said that when bitcoin prices change the price of altcoin coins change too.

bulgar_84

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Of course there is relationship with them, altcoins prices depend on with bitcoin price so if something happen and btc price drops then almost every altcoin price drops with btc.

kevinzxz

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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?

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

GUNGUN12

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Quote from: mayan251 on July 14, 2018, 10:15:04 AM

Many of the altcoins are traded with BTC. So once the BTC price falls, it will bring the linkage effect. Go down with altcoins. When BTC prices rose, altcoins also followed this uptrend. This rule will stay for a period of time.

But not in the opposite direction. Because bitcoin makes loud movements in both directions, altcoin is affected too much. Make sure Bitcoin now doubles and there is no such thing as altcoin.

hisyam_fathoni

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All the coin very in touch. If the bitcoin down then altcoin come down and instead. Bitcoin is the benchmark to altcoin.

Topic: Bitcoin down Altcoin down - page 38. (Read 4399 times)