Topic: Bitcoin price effect on Altcoin - page 11. (Read 3234 times)
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.
The value of the altcoin price will really depend on the Bitcoin. First, it is about the trust of the people in the Bitcoin. So, when the price of BTC is down, it can affect the price of the altcoins. then, many exchanges offer the transaction using the BTC, so it also depends on the price of BTC itself.
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.
Right. But that is true for altcoins that are expensive and not strong. The price of BTC is proportional to the potential altcoins because people choose the same time to sell and buy.
Bitcoin has an awesome impact on different altcoins. Bitcoin is the lord of crypto, where all altcoin relies upon bitcoin, wherever bitcoin moves, its present will be trailed by altcoin. Along these lines, when bitcoin diminishes, all altcoin additionally abatements, and the other way around. Once in a while, this decay additionally negatively affects ICO which is winding up progressively hard to accomplish its business focuses for softcap, as the quantity of ICO asks for from financial specialists likewise diminishes.
If during 2017, we observed a direct correlation of altcoins with bitcoin, with a lag of 3-6 days, now we have seen an inverse correlation for a number of assets.
Bitcoin is the coin used mostly for pairing with other coins on the exchanges. Any change or fall in the price of Bitcoin apparently affects the coins with which they are paired with. Until the buyers and sellers correct the actual price for the pairing on the market, Bitcoin will continue to affect the price of the coins it is paired with.
Exactly. Bitcoin is the king of this market, and its dynamics all affect altcoins. I believe it will recover the price and pull all the atlcoins go to the moon
Bitcoin is king in the electronic money market. There is no Altcoin that is independent of the value of Bitcoin.BTC has the power to manipulate the electronic money market. All Altcoin are affected by the price of Bitcoin and the Altcoin, not the value is proportional to the Bitcoin price.
Ethereum will have adoption 3-5 years after bitcoin hits its full adoption. There is no utility to Ethereum now and we will all get plenty more opportunities to buy it even cheaper. It’s great for 1000 people who code. Bitcoin needs adoption first. Bcash needs to be destroyed as a warning and punishment and than us pre-early adopters (not speculators) will repeat the benefits. Too much dumb money in the market like Nick Szabo said most of it in shit coins specifically Bcash.
Bitcoin market cap needs to approach 70-75% followed by Ethereum than litecoin which can act as a Lightning payment channel on ramp with atomic swaps. That’s all that is needed.
Let the dumb money be lost. Majority of it all flows up.
Please be careful with what you say. You dont want to give people false confidence. In reality cryptocurrency is a new area and it remains to be seen wether altcoins will be able to survive or bitcoin for that matter. But this is what makes them potentially good investments. High risk = High reward. But i think that the magic is disappearing and altcoins in particular will have a hard time because of this.Bitcoin market cap needs to approach 70-75% followed by Ethereum than litecoin which can act as a Lightning payment channel on ramp with atomic swaps. That’s all that is needed.
Let the dumb money be lost. Majority of it all flows up.
Bitcoin has a lot of effects on Altcoin. When the price of Bitcoin changes, it will affect most of all Altcoin. Bitcoin increase sharply in the short run will cause Altcoin to go down. Bitcoin, on the other hand, makes Altcoin the same, Altcoin still falling. The effect of Bitcoin on Altcoin is terrible.
Of course if we talk about the price effect of bitcoin on altcoins it is very large,
because I think the price of altcoin is very dependent on the price of bitcoin,
it can be said if the price of bitcoin rises, the altcoin also goes up and vice versa too
because I think the price of altcoin is very dependent on the price of bitcoin,
it can be said if the price of bitcoin rises, the altcoin also goes up and vice versa too
Ethereum will have adoption 3-5 years after bitcoin hits its full adoption. There is no utility to Ethereum now and we will all get plenty more opportunities to buy it even cheaper. It’s great for 1000 people who code. Bitcoin needs adoption first. Bcash needs to be destroyed as a warning and punishment and than us pre-early adopters (not speculators) will repeat the benefits. Too much dumb money in the market like Nick Szabo said most of it in shit coins specifically Bcash.
Bitcoin market cap needs to approach 70-75% followed by Ethereum than litecoin which can act as a Lightning payment channel on ramp with atomic swaps. That’s all that is needed.
Let the dumb money be lost. Majority of it all flows up.
actually by adding schnorr signatures they are enabling taproot which will allow monero like functionality to some degree. Improvements are made on bitcoin but i do agree some alts including monero have merit.Bitcoin market cap needs to approach 70-75% followed by Ethereum than litecoin which can act as a Lightning payment channel on ramp with atomic swaps. That’s all that is needed.
Let the dumb money be lost. Majority of it all flows up.
beyond any doubt both bitcoin and Ethereum can impact the cost of whole market everytime their value change, it doesn't have to much time to impact the market when the market relies upon their cost and a large portion of altcoins available utilizing two sets: ALts/BTC or Alts/ETH, that is the reason when the pumps or dumps happen, the cost of ETH and BTC is the main focus of whales to influence he to cost take after their aims.
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.
It is quite difficult to calculate, but the dependence is observed. This has been known for a long time and for no one will be a discovery that the growth of one asset can predict the movement of another asset. 
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.
It is undeniable that BTC is indeed created very strongly, where its development is able to give a great influence on all altcoins. However, even though altcoin and bitcoin have a big role in the development of crypto up to this point. Bitcoin is quite competent in developing and it will increase significantly, at that time altcoin will also increase according to their respective technological capabilities.
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 ?
Altcoin value relates more or less entirely on Bitcoin price as BTC is the main trading pair for most of the alt coins. Alt coins go down in BTC value, BTC goes down further in USD value, making ALTs go further down in USD value.
There are DEX as well where ALT value depend upon ETH value and the same condition follow.s
I been thinking about this also, my opinion would be that institutions are clearly not going to invest in shitcoins so the top 5 might pull way far away from the rest of the pack but us retail plebs will still make shitcoins moon. I might actually hold BTC for the next run cause the gains will be comparable to shitcoins plus its almost a damn guarantee.
BTC does have a big effect on other altcoins, as bitcoin is the king of the crypto coins, it's movements have direct affect to the market and so the other cryptos too. Altoins go with Bitcoins flow.
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