Bitcoin down Altcoin down - page 4. | Bitcointalksearch.org

take_off

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Quote from: DeKingCrypto on October 03, 2018, 11:37:17 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?

The reason is that Bitcoin is where many people can easily access and it is the currency they can exchange to their local currency, so when the price drops it automatically affects altcoins because even the altcoins are also exchanged to bitcoin.

Those who fear will fomo according to the value of bitcoin, they worry that bitcoin may continue to decrease. So they sold their altcoin to bitcoin that reduced the altcoin, then they sold the bitcoin to usdt, causing the bitcoin to fall again.

Matcuda

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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 connection between bitcoin and altcoin is very strong, and with the fall of bitcoin, there is a fall of altcoins and this can not be avoided, since bitcoin is one of the strong factors that affect the price of altcoins.

rafi035

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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?

bitcoin is a pioneer of cryptocurrencies and the first cryptocurrency available while altcoin is an alternative coin that has the same function as the price difference

otunayode

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The relationship between is sometimes inverse, sometime parallel and sometime opposite. The truth of the matter here is that bitcoin affect the altcoin price more than any other factor in the market of cryptocurrency.

kimjenglot

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Quote from: btcmmo9314 on October 03, 2018, 10:04:22 PM

It has no direct effect, but it has an indirect effect. Every time I see the price of Bitcoin change, then almost the whole market has fluctuations.

some coins are indeed affected by the rise and fall of bitcoin prices but this year it is not like that. because at the current stable bitcoin price, the price of altcoin can rise, but the reality on market is not

bitcoinm3ster

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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?

Now, the affection of Bitcoin with this market is still very high and small coins is the one that are most affected. The profit is transfered back and forth between Bitcoin and Atlcoin when the market reverses

FrancePG

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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?

And what did you want when Bitcoin capitalization takes up half of the entire market. Of course there will be movements and all other coins, and alts are prone to even greater volatility. So there is nothing surprising.

kincit88

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The reason why both of them is going down because there's some any bad news appear and hit cryptocurrency. Both of them is cryptocurrency, so if any bad news appear both of them will get the impact (market drop).

Raggie

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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?

In my opinion because they are the same as cryptocurrency, and bitcoin is the largest cryptocurrency so that if the price of bitcoin goes down, the others go down.

DeKingCrypto

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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 reason is that Bitcoin is where many people can easily access and it is the currency they can exchange to their local currency, so when the price drops it automatically affects altcoins because even the altcoins are also exchanged to bitcoin.

Valakhaha

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In my opinion, Bitcoin can influence directly or indirectly the Cryptocurrency market. There are indications that the Bitcoin price has dropped to a low of $ 6000, so the Cryptocurrency market has fallen sharply.

sedahan13

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When i look chart of Bitcoin and Litecoin in 2012 and 2013 which the price of Bitcoin was going up and down in that times and also Litecoin also followed it. This mean altcoin followed price action of Bitcoin since altcoin started tradeable. From this price action we will know when should be entry and exit fromthe crypto market, if we think the price of Bitcoin overbought also we should be sell altcoin
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t3m4nc0k

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if bitcoin falls then the altcoin will also feel the impact because both do have a relationship even though not directly and bitcoin has become the center of the altcoin that has a value out of bitcoin

montaza

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Quote from: jack long on October 03, 2018, 09:51:18 PM

Bitcoint is indeed the parent of all crypto coints, if bitcoint goes down it will be followed by all the other coints, and vice versa

Indeed, because bitcoin started the crypto currency, the success of bitcoin was the reason why other crypto currency has emerged, they try to make their own crypto that surpasses bitcoin

quandong

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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 impact of the currency market on the decline of Bitcoin is enormous. When the currency has the biggest impact on price decreases, the Altcoins also fall. With the current situation i think it will take more time for the recovery and return of Bitcoin and Altcoins. Bitcoin's decision to the existence of Altcoins and the development of Altcoins made the Bitcoin market more diversified.

btcmmo9314

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It has no direct effect, but it has an indirect effect. Every time I see the price of Bitcoin change, then almost the whole market has fluctuations.

Sayan Sengupta

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Till such time the % market capitalisation is >30% with BTC, this will continue. Let us wait for the dominance to go down for a dissociation. While it looks improbable, but remember that just 3 years back, the contribution of BTC was 80%+. New correlations will come up as the space matures.

jack long

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Bitcoint is indeed the parent of all crypto coints, if bitcoint goes down it will be followed by all the other coints, and vice versa

Outlander

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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 most altcoins has a lot to do with the price of BTC. They are almost all traded through BTC, so the price has a great impact.

Winner

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Look ARROUND!

Quote from: Tahir460pk on October 03, 2018, 09:30:47 PM

As you know that bitcoin is a founder member of the market and as it's price go up the prices of all altcoins go up but as the drop down in the price of bitcoin it's affect on all altcoins and their prices also go down its true bitcoin down altcoins down.

Bitcoin is what pushes the price of most coin sup. Purchase Bitcoin and hold onto it, then you can play with the Altcoins.

Topic: Bitcoin down Altcoin down - page 4. (Read 4399 times)