Topic: Bitcoin price effect on Altcoin - page 18. (Read 3234 times)
I think the price of altcoins is completely dependent on the price of bitcoin. The more expensive the main coin the better for altcoins.
Bitcoin is the father in the cryptocurrency. Other altcoins are sons. Of course, you have to listen to your father. This is hard to change. Moreover, the volume of other cryptocurrencies is not as large as bitcoin, and the influence is not enough.
Whatever else we would like to happen, the facts are that Bitcoin still completely dominates the market when it comes to the pricing of altcoins. So if Bitcoin drops then the altcoins will do the same. If Bitcoin rises then maybe the altcoins will follow.
Yes definitely, because as of now fiat to crypto not that abundant yet so i guess bitcoin dominance has a very big say when it comes to prices of alts. Specially those alts with bitcoin pairs. I believe when it comes bullrun speculation bitcoin will be the first one rally in order for the whole market to recover.
BTC has a strong influence on other coins. You may find that decreasing BTC values will lead to a series of other coin drops as well. This can be considered as the strong dominance of the BTC.
for now all altcoin prices are always influenced by bitcoin prices, because all altcoins mostly use bitcoin as a price reference, so if the bitcoin drops then almost all altcoin the price also goes down.
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http://nextren.grid.id/read/0124121/nilai-cryptocurrency-termasuk-bitcoin-jatuh-ini-penyebabnya?page=all
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 bad coins, maybe this time BTC became king, but fore who will know if altcoin will become very deadly.
Nothing lasts, now I have some ethereum, and I think this is the crypto coin that will kill BTC in the future.
Bitcoin certainly affects the price of other altcoins, because bitcoin is the legal currency in the world of cryptocurrencies, anchoring standards, just like the dollar in the real world. This also illustrates the importance of Bitcoin.
I think the price of Bitcoin has become another altcoin unit. Bitcoin price increases, altcoin price also increases. And Bitcoin price decreases, altcoin price decreases. Basically Bitcoin is very influential with altcoin prices. A few days ago the price of Bitcoin fell, and altcoin I invested also dump.
Bitcoin's influence is really too big. Many people think that Bitcoin is all cryptocurrencies. They only know Bitcoin, and most of the newcomers to the market are Bitcoin. Everyone only looks at the bitcoin price.
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Bitcoins price is very important to altcoins, because it can affect the price markets of altcoins. The main reason for these relations is, bitcoin has it’s own market. You can buy alts using bitcoin that is why there are effects on alts price when BTC price moved. I don’t know what ratio you are talking about, but determining the BtC conversion to USD does’nt effect alts as well as BTC as far as i know.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 ?
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
BTC has the power to manipulate the electronic money market. All Altcoin is affected by the Bitcoin price and the Altcoin value is not worth the Bitcoin price. Bitcoin is the king in the electronic money market. No Altcoin is higher than the bitcoin price for now.
Bitcoin does have a great effect on other altcoins. Bitcoin is the king of crypto, where all altcoin depends on bitcoin, wherever bitcoin moves, its current will be followed by altcoin. Therefore, when bitcoin decreases, all altcoin also decreases, and vice versa. Sometimes, this decline also has a negative impact on ICO which is becoming increasingly difficult to achieve its sales targets for softcap, as the number of ICO requests from investors also decreases.
Most follow it. Some will diverge slightly but not for long. The predominant trend will prevail across all coins
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 ?
BitCoin crypto currencies have the largest volume on the stock market and are the strongest coin. it is the base for all the other coins. investor's most preferred coin. it is directly affecting this.
Price of bitcoin directly depends on investments of fiat money in crypto economy (crypto market capitalization). More money in crypto economy - higher price of altcoins.
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 relation between the bitcoin and altcoins price but bitcoin price highly impacts the other crypto currency prices too.Because most of the people buying coins when the bitcoin increases the other coins also increase this shows that people uses bitcoin price as a sign of crypto investment.How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
if altcoins go down when bitcoin goes down, it means there IS a relation between bitcoin price and altcoin prices!
additionally the drop part is already proven multiple times. and we all know the dumps will happen right away as bitcoin drops but the rise part has never been proven. when bitcoin is in a bull mode and is rising there will be pumps in the altcoin market but it is never all over the market. instead in only a bunch of them at a time.
In my opinion this is happening because most of the people are thinking about bitcoin as a milestone of all the cryptocurrencies ever existed, and if the price of Bitcoin is falling down, it meanings for them, that all the cryptocurrencies are dying.
Of course the effect. Bitcoin is now the Prima Donna in the market. It has a very important role for the movement of the price of other coins. When the price goes down, the price bitcoin altcoin should go up. So did the opposite. This is to maintain balance in the market.
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