Topic: Bitcoin price effect on Altcoin - page 13. (Read 3234 times)
Of course bitcoin price affects the price of all altcoins! Bitcoin controls the entire market, and against him n one altcoin will not go
well as you see bitcoin drop again all the alt coins are following suit, not really sure anyway anybody could say the price of BTC doesnt effect all othe alt coins at this point?
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 ?
Hey there Nicolaus!
I remember talking to a crypto guru friend of mine and telling me that "theoretically" altcoin prices is supposedly indifferent of bitcoin's.
And that is actually true! should people remain with altcoins before converting their digital cash to fiat money!
But we see that the rampant practice is to have our altcoins traded and exchanged with BTC and from BTC to fiat money which in turn, grants value relativity.
Altcoin of course remains independent of its price but the actual value becomes dependent of bitcoin when it is to be converted to fiat money afterwards.
And yes, ETH/BTC ratio can be analyzed using the BTC/USD exchange rate.
BTC / alcoin and BTC / USDT always have a close relationship. Part of the BTC is dominating the digital money market. Every move of BTC can also make the market. The power and dominance of BTC is too great.
Bitcoin is a very very important thing in the crypto world. Bitcoin is a major cryptocurrency in the crypto world. 90% of altcoin is based on the Bitcoin. So Bitcoin price effect on a lot of other altcoins. Bitcoin is really important to altcoins movement. Already, bitcoin is the most popular currency.
Definitely, Bitcoin can effect on altcoins. No doubts for that thing. Thank you!
Definitely, Bitcoin can effect on altcoins. No doubts for that thing. Thank you!
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
It is useless to try to calculate this coefficient. He's constantly changing. I know only one thing - bitcoin can kill weak altcoins at any time. How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
The most of altcoins are traded for Bitcoin, which means you can only buy them (or sell) using Bitcoin. If the Bitcoin price drops down you can usually observe the same move in regard to the altcoin price chart.
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 ?
Very strongly if you ask me. The price of altcoins is greatly influenced by the price of bitcoin which is why everytime you see the price of bitcoin going up or down the prices of all of the altcoins follow suit. This is because all of the coins have trading pairs with bitcoin which means that anything that happens to the price of bitcoin will definitely affect the price of the altcoins.
I think that the only thing that matters right now is btc. The losses in alts wont matter if btc makes it.
This depends on the coin. Ethereum, for example, is not very related as its blockchain structure and network serves different functionalities than Bitcoin.
The market situation is slightly different than last year.Markets are cyclical, and therefore events will be repeated one way or another. Previously, bitcoin grew, then there was a growth of altcoins and in the end bitcoin grew together with the altcoins .
In my belief that is due to the type of the coin. Take Litecoin, a smaller and more efficient bitcoin made to solve bitcoin’s problems. Where bitcoin can be used, litecoin, in theory, can be used better therefore they are closely tied.
Bitcoin is the first crypto currency. And until today it remains the most popular. He takes a leading position in the market. Therefore, it is not surprising that the price of many altcoins is focused on the price of bitcoin.
Bitcoin is the most popular digital currency, altcoins for the most part will set up what’s called a “trading pair” with Bitcoin or another much larger cryptocurrency. Therefore, relying on Bitcoin as the accepted form of payment.When Bitcoin’s market moves, everyone will start to trade out of or into alts, but via Bitcoin therefore resulting in a paralleled pattern between Bitcoin and many alt-coins.
Yeah sometime Bitcoin price drops the price of the alts too. It is not connected with each other but the people become afraid of the market. And start to withdraw thwir funds.
I think the price of altcoins is completely dependent on the price of bitcoin. The more expensive the main coin the more expensive and altcoins. If the price of bitcoin falls then the price of all cryptocurrencies falls too. I think that it is possible to navigate using a pair of bitcoin dollar.
As far as I know, all the altkoins depend on the bitcoin price. Watching the market, I think that the ether also.
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
if I think altcoin is potentially priced under bitcoin is ethereum, because I know that ethereum is coin with good and good prospects, and many people who admit it and many investors have invested in ethereum because they believe ethereum will succeed in one moment later.How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
I think that it will, it had influence over market in the past, and I guess the tendency will continue.
I guess there's a big influence for the Altcoin once the Bitcoin price is rise because when the price of Bitcoin goes up the price of Altcoin is also goes up, then if goes down its also goes down. Mostly of Altcoin have effect tot the price of Bitcoin, maybe because they want to beat Bitcoin but they cannot. But maybe that there's an Altcoin that cannot depend on Bitcoin price and have no effect once its goes down or up because there have own technology to follow. 
I think that it will, it had influence over market in the past, and I guess the tendency will continue.
difficult and very small to avoid it, however never and always will affect the market because all are based on them.
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