Topic: Bitcoin price effect on Altcoin - page 14. (Read 3182 times)
I think that it will, it had influence over market in the past, and I guess the tendency will continue.
The effect of bitcoin price on altcoin I think is very influential, so if bitcoin price goes up of course altcoin price will follow and if bitcoin price decrease then altcoin price also come down. Bitcoin is king of all coins in electronic money market, and bitcoin can also manipulate the market. And it is very influential on altcoin.
During the time that I watch the crypto-market. The price of bitcoin greatly affects the price of altcoins. When bitcoin falls, after it falls and the entire market of altcoins. And when we see its rapid growth, the price of altcoins also falls down, but when we see that the situation in the market is more or less stable, and the price of bitcoin is about the same level, the price of altcoins begins to grow!
I think the upcoming Alcoin will increase, it will lead to many new ICO born. I participated in Buddy's project and I'm excited to see the price increase
As for the ratio of the price of altcoins to BTC, then everything is very simple. BTC grows, altcoins grow as well. The cost of BTC falls, altcoins fall as well. To calculate what is observed between the proportion I think is very problematic. I think I need to be a super math genius. I think this is not the guys bother. And neither should you!
of course, all of token are effected by Altcoin and bitcoin price. Example price token/eth go up but eth/usd price go down -> token price go down
I Think yes, bitcoin cost dependably influences the altcoins costs on the grounds that the estimation of those altcoins dependably relies upon the cost of btc. Speculators dependably relies upon the cost of btc , so if the bitcoin cost is up, theres dependably a propensity that the altcoins has a tendency to go up moreover.
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 ?
Bitcoin is like the base and foundation of all altcoins, I'm saying this because almost all alts if not all are correlated to the price and movement of bitcoin. Every move of bitcoin, alts suffer. Bitcoin goes up, alts bleed, bitcoin goes down, alts bleed, bitcoin goes sideways, alts can breathe and move up.
Bitcoin is a big magnet wherein money is small iron... Bitcoin attract most of the percentage of money that comes to the market and Bitcoin is the basis for Altcoin price and it does affect it grows in small portion.
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. At times, this decay additionally negatively affects ICO which is ending up progressively hard to accomplish its business focuses for softcap, as the quantity of ICO asks for from speculators likewise diminishes.
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
In actual we can't correlate anything in actual with such fact , I mean that was old time when the price of the bitcoin was increasing than that time whole altcoins market get dumped and vice versa , and also there was some cases where if any coin get more pumped then at that condition there was big chance that the price of the bitcoin get down by 2-3% easily .How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
But in the present time it is not condition is totally changed , everything is totally reversed and also same , it means it is not easy for us to didn't out accurately that whether the market will go up or down in accordance with the price of the bitcoin with altcoins and also with fiat .
So here in present time we need to remain updated with the present time news regarding cryptourrency and making sure whether we are in negative news or positive news condition that helps us to make better speculation .
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 ?
Bitcoin is like the base and foundation of all altcoins, I'm saying this because almost all alts if not all are correlated to the price and movement of bitcoin. Every move of bitcoin, alts suffer. Bitcoin goes up, alts bleed, bitcoin goes down, alts bleed, bitcoin goes sideways, alts can breathe and move up.
right from the invention of altcoin bitcoin and altcoins both the prices are inversely proportional when bitcoin price increases alt prices decrease
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 yes, not only have an effect on altcoins but everything in crypto. bitcoin becomes the price guide for all coins and tokens in the crypto.
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.
I don’t think so that the market value of altcoin is completely dependant on bitcoin. However, there is some influence of the market value of bitcoin over altcoin just like the way it has influence over rest of the crypto currencies as bitcoin is the top leading currency and that the market changes because of the change in the market value of bitcoin. Rest all is the demand and the reputation of altcoin itself which decides the market value of altcoin.
For some time now, i have taken a critical look at the coins and their relation with bitcoin. I have realized that the moment bitcoin shoots, the other alts also rise in price. This tells that most of the altcoins are really dependent on the price of bitcoin.
bitcoin prices are still the reference of the price of all coins, because bitcoin is the father of cryptocurrency. so do not be surprised if bitcoin prices rise will be followed by rising altcoin prices.
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
There is no exact data, but there is definitely a dependence. When BTC grows,Altcoin's grow together. But it happens that people go to BTC from Altcoin's during its growth.How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Of course, 99% of Bitcoin prices affect the overall price of altcoin.How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
but we can not predict altcoin prices based on Bitcoin prices.
think this analysis is appropriate only in case of growth of more than 10%. Ethereum is becoming more independent every day, I think
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