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Topic: Bitcoin price effect on Altcoin - page 2. (Read 3234 times)

copper member
Activity: 97
Merit: 5
December 14, 2018, 01:32:54 PM
Bitcoin prices have a huge effect on altcoin. the effect is quite large. the decline of bitcoin can make the altcoin very drop in price. even though at that time they actually had no problems with the project but because the effects of bitcoin made a price drop
But I think it have no impact on all altcoins, you can see it in Binance there are some coins whose prices can go up to 40% even though the price of bitcoin just touched $3250 USD. Now it's very difficult to analyze the market because there are too many manipulations and panic traders.
full member
Activity: 518
Merit: 100
December 14, 2018, 01:20:26 PM
Now bitcoin has a huge impact on the prices of altcoins, they depend on bitcoin and the weight of bitcoin in the market is very large. In the future, everything should change, this influence will gradually decrease.

Yes, Bitcoin price is an indicator of the other cryptocurrencies rates. Most of the tokens follow BTC always. The main crypto starts going down, and the altcoins start declining like now.
full member
Activity: 672
Merit: 105
December 14, 2018, 02:48:29 AM
The altcoin price is greatly influenced by the price of Bitcoin, if the price of Bitcoin drops then the price of the altcoin also falls and if the price of Bitcoin rises then the price of the altcoin will also rise, this applies to all altcoins.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
December 14, 2018, 01:02:38 AM
Bitcoin prices have a huge effect on altcoin. the effect is quite large. the decline of bitcoin can make the altcoin very drop in price. even though at that time they actually had no problems with the project but because the effects of bitcoin made a price drop
You're right, I myself see that the decline in bitcoin prices that have occurred since the beginning of 2018 until now, has made the altcoin price fall more than 100%, or almost like that. well, but that might be a natural thing, considering that bitcoin is at the heart of cryptocurrency.
sr. member
Activity: 1078
Merit: 256
December 13, 2018, 11:26:39 PM
The influence of bitcoin is too strong so that the rise and fall of the price of bitcoin also has an impact on the prices of altcoins, this is because bitcoin is made the price of almost all altcoins prices, and I hope someday altcoins have strong fundamentals that are not too dependent on bitcoin.
We all do hope that someday there would be a project where it is more independent and not really relying with how bitcoin will go, the future of cryptocurrency is yet to be conclude so as of this moment everything around this market will continue relying with bitcoin and from which directions
it will be heading.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
December 13, 2018, 10:46:08 PM
Bitcoin prices have a huge effect on altcoin. the effect is quite large. the decline of bitcoin can make the altcoin very drop in price. even though at that time they actually had no problems with the project but because the effects of bitcoin made a price drop
full member
Activity: 1484
Merit: 101
December 13, 2018, 10:28:39 PM
The influence of bitcoin is too strong so that the rise and fall of the price of bitcoin also has an impact on the prices of altcoins, this is because bitcoin is made the price of almost all altcoins prices, and I hope someday altcoins have strong fundamentals that are not too dependent on bitcoin.
full member
Activity: 854
Merit: 109
Trident Protocol | Simple «buy-hold-earn» system!
December 13, 2018, 03:51:39 PM
Bitcoin and alcoins are an indispensable whole; In order for the Altcoin market to improve, of course, bitcoin has to be in a good position. It takes unknown time. I hope the most beautiful things happen.
jr. member
Activity: 294
Merit: 1
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
December 13, 2018, 03:27:33 PM
Ratio? I will leave the technical stuffs with you. But if you check on the charts alone without going with the numbers you can see that most altcoinsband that includes Ethereum follows the pattern of BTC. This often happens all the major alts.
full member
Activity: 910
Merit: 100
elysian.finance
December 13, 2018, 02:44:29 PM
in fact all the coins created certainly have their own goals to be able to develop in the future, but what has happened that is often seen, that the decline in bitcoin greatly affects the decline of most other altcoins, because until now bitcoin is still one coins whose prices are still very high, and bitcoin is the only crypto money that was first created.
full member
Activity: 521
Merit: 100
December 13, 2018, 12:26:16 PM
Yes, the price of bitcoin greatly affects the prices of altcoins. In the end, I think that most investors are trying to accumulate Bitcoin (and this is justified), and make basic transactions with altcoins, for good earnings.
As for the BTC/ETH ratio, in most cases the price of the eth as well as the price of other altcoins depends on the state of Bitcoin.
jr. member
Activity: 316
Merit: 1
Colletrix - Bridging the Physical and Virtual Worl
December 13, 2018, 09:44:59 AM
When I first entered the crypto world, seeing this Bitcoin selling value was very high. And I tried to trade and as a result, I got a profit and I also suffered losses. But I can see now that all Altcoin are connected to Bitcoin. When Bitcoin red slowly all coins also experience price declines.
full member
Activity: 322
Merit: 100
MenaPay - Crypto made easier than cash
December 13, 2018, 08:30:07 AM
I didnt see any analysis about  "ETH/BTC ratio by analyzing BTC/USD value" but If you observe the cryptocurrency, you will understand. If bitcoin's price will go down %5, Most of altcoins' prices will go down %5 - %6. We can say the bitcoin affects altcoins %100.
we can see it and observe the movement on the market. we can take examples of some altcoins that might help you. in fact, bitcoin has an influence on the price of altcoins on the market. Therefore, now the growth of bitcoin is very important to make the market grow again.
I agree with you. Altcoins will not be able to grow independently. Here all tied initially with bitcoin. Therefore, their connection is the most obvious.
newbie
Activity: 252
Merit: 0
December 13, 2018, 06:40:22 AM
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
The financial market generally is very sensitive to especially news. The cryptocurrency market is not an exception to the vulnerabilities of the financial market after all. What this means is that the news of a sluggish Bitcoin will definitely impact the altcoins and that, negatively for that matter.
full member
Activity: 756
Merit: 102
December 13, 2018, 01:08:58 AM
Altcoin price is very dependent on Bitcoin. If Bitcoin grows by 20%, then Altcoins can grow by 100-300%. and also in the case of a fall


No thats that not true  .  based on what ive notice when btc rise , altcoin also rises but not too much  . same as when btc falls   but there were also times that altcoin and btc are going independent or they are moving on their own way . 

Until now i dont really know the reason on why it is happening because what i know is that btc value is based on usd or any other local currencies and we also used fiats when we buy btc  but in the case of eth , we only use btc and the value of eth is also measured in btc 
full member
Activity: 1120
Merit: 101
December 13, 2018, 12:43:40 AM
I didnt see any analysis about  "ETH/BTC ratio by analyzing BTC/USD value" but If you observe the cryptocurrency, you will understand. If bitcoin's price will go down %5, Most of altcoins' prices will go down %5 - %6. We can say the bitcoin affects altcoins %100.
we can see it and observe the movement on the market. we can take examples of some altcoins that might help you. in fact, bitcoin has an influence on the price of altcoins on the market. Therefore, now the growth of bitcoin is very important to make the market grow again.
full member
Activity: 504
Merit: 103
December 13, 2018, 12:39:27 AM
I didnt see any analysis about  "ETH/BTC ratio by analyzing BTC/USD value" but If you observe the cryptocurrency, you will understand. If bitcoin's price will go down %5, Most of altcoins' prices will go down %5 - %6. We can say the bitcoin affects altcoins %100.
full member
Activity: 1260
Merit: 103
The OGz Club
December 12, 2018, 04:19:12 PM
There is direct price effect on altcoins. You know, I've traded stocks and S&P 500 affect other markets, so here is the same situation in crypto.
Bitcoin is the main trigger for altcoins
the concentration movement of traders from bitcoin-altcoin is still the biggest even though this year there have been many conversions such as usdt and various exchange coins. But there are still many who believe that bitcoin can still be the best reference.

this of course has an impact on increasing volume holders and if bitcoin experiences a price decline, many traders prefer direct conversion of coins that tend to be stable, but altcoin prices as a whole still follow bitcoin price references under any circumstances.
full member
Activity: 671
Merit: 103
Moni
December 12, 2018, 03:24:23 PM
There is direct price effect on altcoins. You know, I've traded stocks and S&P 500 affect other markets, so here is the same situation in crypto.
Bitcoin is the main trigger for altcoins
jr. member
Activity: 168
Merit: 1
December 12, 2018, 12:25:20 PM
Altcoin price is very dependent on Bitcoin. If Bitcoin grows by 20%, then Altcoins can grow by 100-300%. and also in the case of a fall
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