Topic: Bitcoin price effect on Altcoin (Read 3229 times)
The bitcoin price really have a great effect on altcoin, this is also due to the fact that almost all altcoins are paired with bitcoin on exchanges .
BTC is in correlation with altcoins,so I am sure that there is connection,when btc is increasing or dropping down. It is obvious for me!
Sure there's a connection between bitcoin and altcoins.It's a directly proportional relationship for bitcoin and altcoins so each of them affects each other but alts do affect bitcoin minimally.
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
When the price of bitcoin shot up all popular Alt-Coins also usually went up in price, and this happened not only once or twice even this often happened, so it was very natural if in the end such conditions had become assumptions especially in most cryptocurrency users, that Altcoin value is related to the price of bitcoin. But if we take a closer look, this thing is actually caused by the many crypto analyzes which use the value of bitcoin as a benchmark for cryptocurrency growth.
So far, Bitcoin has a strong influence on the pricing of all cryptocurrencies. But its influence on the fall of the entire cryptocurrency market was more active than on the rise in prices today. Different projects are very sluggish to positive changes.
this situation is common, when the effective fall of the market takes place very quickly, but growth occurs very slowly. still be patient and wait, because the market growth cannot be very fast, because surely market growth requires a short time.I am not agree with your opinon.. Panic selling is more fast and uncontrollable due to fear but greed is powerful than fear. Greed is like "missing the train". Well, it is all depend on financial assets and market condiitons at the end.
BTC is in correlation with altcoins,so I am sure that there is connection,when btc is increasing or dropping down. It is obvious for me!
For a long time, Bitcoin has become an altcoin driver, the first cryptocurrency created was Bitcoin, so I'm sure Bitcoin will always be the king of all cryptocurrency.
Even the slightest changes in Bitcoin price affect the altcoins' prices. Naturally, this effect has become one of the reasons why most serious buyers prefer to invest in BTC and not in tokens.
of course, the price of the best crypto currency (BTC) will greatly affect the price of other altcoins. because the crypto currency community adheres to bitcoin prices when they trade
as the exchange rate trust of many BTC coins certainly has an important role in determining the price of other coins. as we know, when bitcoin moves then the market will also move, and that will affect the movement of the value of other coins on the market.of course, the price of the best crypto currency (BTC) will greatly affect the price of other altcoins. because the crypto currency community adheres to bitcoin prices when they trade
as the exchange rate trust of many BTC coins certainly has an important role in determining the price of other coins. as we know, when bitcoin moves then the market will also move, and that will affect the movement of the value of other coins on the market. 
of course, the price of the best crypto currency (BTC) will greatly affect the price of other altcoins. because the crypto currency community adheres to bitcoin prices when they trade
I think, the price of bitcoin has an influence on the price of the altcoin, because I see that since the price of bitcoin goes down, almost all altcoins also have prices falling too
This is absolutely true when the price of Bitcoin dropped so much in early 2018 and made Altcoins fall. Besides, ICOS campaigns also became more difficult.
So far, Bitcoin has a strong influence on the pricing of all cryptocurrencies. But its influence on the fall of the entire cryptocurrency market was more active than on the rise in prices today. Different projects are very sluggish to positive changes.
this situation is common, when the effective fall of the market takes place very quickly, but growth occurs very slowly. still be patient and wait, because the market growth cannot be very fast, because surely market growth requires a short time. Bitcoin effect on Altcoin price is already showing as many coin have gained almost hundred percent withing the short bull run that starts merely 72 hours ago. We can expect that bitcoin rise will trigger price reversal for major Altcoin. I am looking forward to more price rise in this season!
So far, Bitcoin has a strong influence on the pricing of all cryptocurrencies. But its influence on the fall of the entire cryptocurrency market was more active than on the rise in prices today. Different projects are very sluggish to positive changes. to my knowledge Etereum follow the price of Bitcoin if I think Ethereum can not be separated from the influence of Bitcoin because Ethereum like silver and Bitcoin like gold.
yes I really agree with the opinion bro, as far as I know the altcoin price follows the BTC price if the BTC price drops surely the altcoin will drop dramatically like yesterday. because btc has a big influence on altcoin price issues
Bitcoin effect on Altcoin price is already showing as many coin have gained almost hundred percent withing the short bull run that starts merely 72 hours ago. We can expect that bitcoin rise will trigger price reversal for major Altcoin. I am looking forward to more price rise in this season!
One big reason for bitcoin prcie being tied to altcoin price is the lack of fiat trading pairs for alts. Alts are normally measured against bitcoin, so if an alt is worth 0.1 BTC, and BTC then increases 10% in dollar value, then if there is no trading on the alt it is still 0.1 BTC and so has also increased 10% in dollar value.
For a long time, Bitcoin has become an altcoin driver, the first cryptocurrency created was Bitcoin, so I'm sure Bitcoin will always be the king of all cryptocurrency.
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
All i know about the price of each token is depends on bitcoin flow in rise and fall.
There is direct price effect on altcoins. You know, I've traded stocks and S&P 500 affect other markets, so here is the same situation in crypto.
Bitcoin is the main trigger for altcoins
It is because most of altcoins are in the trading pair of Bitcoin only and when the value of Bitcoin reduces then it automatically reduces the price of these coins. Majority of the investors lose their money and most of them withdraw their money which collapses the market. Bitcoin is the main trigger for altcoins
in my opinion bitcoin is still a guideline even though it does not fully affect the other crypto currencies because it has become a risk in investing with crypto currencies
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