Topic: Bitcoin price effect on Altcoin - page 10. (Read 3182 times)
They can affect together because of same effects of the market.
ALTS / BTC in the market.
If this is the thing then yeas, BTC affect the price of alts.
Alternative coins/tokens have depend their value in the market in exchange of BTC.
therefore if BTC goes up their dollar value also rise.
If this is the thing then yeas, BTC affect the price of alts.
Alternative coins/tokens have depend their value in the market in exchange of BTC.
therefore if BTC goes up their dollar value also rise.
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 ?
No, this two ratio is completely different. The price of Bitcoin will affect to whole market. When BTC's price decrease, ETH will also decrease but USDT will increase
The price of Bitcoin has an effect on altcoin due to the dominance of Bitcoin in the cryptocurrency space. In fact, Bitcoin holds over 45 percent of the coin market cap. Bitcoin has great impact on the market and could influence the price of other cryptocurrencies.
Bitcoin is the parent of altcoins, everyone knows the price of altcoins with the size of the number of bitcoins, for example 5k satoshi, 1 million satoshi and so on, this is what makes when bitcoin prices drop, altcoins prices also decrease.
The influence of the BTC price on everything else has a very serious effect on altcoins because all these cataclysms actually depend only on the fact that now it is the price of bitcoin that sets the market movement.
Im not really sure bit I think all cryptocurrency including ethereum are all depending their price on bitcoin. If bitcoin falls hard, then all crypto could also fall hard including ethereum. Sometimes also, when bitcoin rises, altcoins can still drop.
The price of Bitcoin has an effect on altcoin due to the dominance of Bitcoin in the cryptocurrency space. In fact, Bitcoin holds over 45 percent of the coin market cap. Bitcoin has great impact on the market and could influence the price of other cryptocurrencies.
Peoples usually comes to the crypto trough bitcoin.
If new peoples invest in crypto then rise btc price.
the when peoples buy for btc altcoins price rise up and vice versa
If new peoples invest in crypto then rise btc price.
the when peoples buy for btc altcoins price rise up and vice versa
All altcoin inculding ETH depends upon bitcoin price movement. BItcoin have influence to drive market according to itself.
Yeaah right what do you say if this bitcoin price still affects the price of other crypto currencies. Bitcoin is still the leader of crypto currencies so the biggest control role is in bitcoin. Bitcoin is the one that gets the most attention. If bitcoin is destroyed then there is no trust in other crypto currencies because the king is destroyed what about his followers. When talking about crypto currencies the first known is bitcoin. The price of this bitcoin will be followed by the price of other crypto currencies whether the price goes up or actually decreases. Bitcoin is very influential because the highest public trust is in bitcoin. The highest popularity is also still held by bitcoin.
of course because BTC have a big Influence, but not all altcoins are affected by the movement of bitcoin, usually only coins or tokens that are in a network with bitcoin.
for me.
they have a marketing strategy that each holding altcoins follows the decrease in the amount of bitcoin or ethereum because it is based on time. if today the market is low in exchange for that is also the small investor.
so altcoin is affected if they do not lose the amount they can lose because they can sell their token at high price.
they have a marketing strategy that each holding altcoins follows the decrease in the amount of bitcoin or ethereum because it is based on time. if today the market is low in exchange for that is also the small investor.
so altcoin is affected if they do not lose the amount they can lose because they can sell their token at high price.
When the bitcoin price is down every altcoins is affected because of like a domino effect in the market, bitcoin being the leader of all coins, it affects all the price of the alts. But this should not be a sign for us to worry because bitcoin price will soon gets back to a high price.
Actually I know like that There may be opposite and parallel tie between Bitcoins and Altcoins so If we see opposite tie between them , Bitcoin rise and Ethereum decrease also If wee see parallel tie between them, both of them raise.
These are different markets, and now they show different tendencies which don't match. Sometimes altcoin prices don't follow the bitcoin trend.
Sure. Now everybody knows that how much btc price effect on altcoin. BTC have it’s own market and it can be very good alternative for flat money. Already some countries ban btc for this threat. Yes, only for threat. Without threat there is no reason for ban btc. This condition about btc proved that how btc can influenced over the world. BTC stand on it’s own basement but others coin stand with the help of btc. That’s why there is a direct effect and relation between btc and others coin. Though sometimes altcoin can remain green some more time when btc drop but most of the time altcoin always follow the path of btc.
There's large impact associated with bitcoin cost upon just about all altcoins because just about all altcoins adhere to whatever path bitcoin will go. Bitcoin may be the primary choose element associated with entire crypto foreign currencies because it's the bottom foreign currency of the marketplace.
Yes, the price of bitcoin and Ethereum should have effect on the altcoins market because the both are the dominant of the coin market cap total value. Bitcoin being the father of all other altcoins has a long way in affecting the price of other altcoins in the market place.
Bitcoin price movements are generally able to influence Altcoin prices. The relationship is not always predictable, but there are some general trends.
Some possibilities that may happen when the Bitcoin price is increasing quickly:
- Altcoin will be pressed because the money will be delivered mainly to the Bitcoin market. And sometimes it will happen also that the altcoin prices will also increase because the fiat will also spend for the other cryptocurrencies because of good news from BTC.
Some possibilities that may happen when the Bitcoin price is increasing quickly:
- Altcoin will be pressed because the money will be delivered mainly to the Bitcoin market. And sometimes it will happen also that the altcoin prices will also increase because the fiat will also spend for the other cryptocurrencies because of good news from BTC.
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 ?
I think bitcoin price not really affecting altcoin price. The current market show that BTC price was not falling too much while altcoin was.
if you want to analyze the price, you can analyze it in the market. Just see the price movement at some big exchanges.
To some extent, Yes, but I do not think that you will be able to consistently predict the market movement in this way
All coins depend their price on the bitcoin. THat is the reality now. And it wil be like this until regulations come to the crypto world and make everything stable.
regulation maybe will make it worst. Because if Government make regulation it meand bitcoin is not natural anymore. If they support it without regulate bitcoin, it can make it better because can be adopted in everywhere Jump to: