Bitcoin price effect on Altcoin - page 22.

TastyChillySauce00

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Quote from: btc-facebook on June 27, 2018, 09:35:14 AM

Most altcoin follow bitcoin value but if some altcoin has different value, it means that the demand are greater for those altcoin.

For all altcoin , I can see ETH and BCH have a potential for being different with bitcoin value so it's just a matter of time to see it happen !

Well those two still dependant on bitcoin, you see their price chart it's almost as identical to each other following bitcoin's price trend whether it's pump or dump. It's kinda sad to see that each coins still seems to always follows its ancestor which is bitcoin.
and not becoming an independent cryptocurrency like what it actually should be. If this can be changed, we'll see fewer price manipulation, atleast the manipulation that happens to bitcoin won't happen to altcoin.

Chanock

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Quote from: Nicolaus Copernicus on May 25, 2018, 10:07:20 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 ?

Bitcoin is the most strongest currency in crypto's world and whatever happen to the price of it can affect to all coins. Altcoins are bitcoin dependent in term of price matter. Once the price of bitcoin change wether it goes up or down the price of altcoin follow the price movement of bitcoin. Like bitcoin and Ether. If the value of bitcoin goes up the price of ether will be the same and when it goes down the price of ether fluctuates same as bitcoin. Meaning the price of all altcoins are dependent to bitcoin price.

btc-facebook

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Most altcoin follow bitcoin value but if some altcoin has different value, it means that the demand are greater for those altcoin.

For all altcoin , I can see ETH and BCH have a potential for being different with bitcoin value so it's just a matter of time to see it happen !

sindikat

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Altcoins have always played the role of a battery of funds. During the period of high demand for Bitcoin, he could not absorb the money of everyone who wanted to buy coins. At such times, altcoins collected extra funds. When bitcoin began to lose capitalization rapidly, it is not surprising that the same situation was created in all altcoins.

chrismartin

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Yes mate, it always affects altcoin when bitcoin price is lower. As markets are all red, not just bitcoin is affected because many altcoins also have experience that. In btc/eth pairs in markets mate, if eth is greater, bitcoin also will be greater. Just a matter of price speculation mate.

Ryananda

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the strength of the altcoin value depends on the purchase request, as well as the nasty news about them because when there is unfavorable news for all altcoin then it is very much that sells it that causes its price to drop

hashshashin

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Look ARROUND!

There are a lot of coins in the market, and the price of some of them grows in a short period of time, no matter what, but if you look at the overall situation, the price of altcoins still depends on the price of bitcoin.

iljamlnk

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Given the fact that bitcoin was the first cryptocurrency and is most popular, we see that its value affects other coins.

ajqjjj

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Quote from: Nicolaus Copernicus on May 25, 2018, 10:07:20 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 ?

Well the price of bitcoin affects the price of all coin because they are just made after bitcoin was made. They are just like a carbon copy while bitcoin is the blue print.

All the altcoins are Crypto currency but not all are copy the Bitcoin because every project have some different criteria so don't think wrongly. If you read the white paper of every project automatically you should know the potential of altcoins. This year many are raise in the but peoples are only monitoring the top coins but cheap altcoins grow gradually in current scenario.

hanomnom

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of course this produces some effect as a positive and negative. I always pay attention to the cost of bitcoin when I plan to invest in altcoin

TomInVa57

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in the cryptocurrency market, every little thing is interconnected and important. I think that you need to fully study the entire market in order to make significant conclusions about this

dodziu

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Till now, bitcoin price influence/affect all altcoin in crypto irrespective of how potential or stable they are. If the price is high, the price of altcoin will also be high but if otherwise, it will also be the same for altcoin because bitcoin controls the price of altcoin.

SabrinaBianka

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Quote from: Nicolaus Copernicus on May 25, 2018, 10:07:20 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 ?

Bitcoin price affected all alt coins, because will sell they alt coins and bought bitcoin and bitcoin sold to USD. So its all affected once the bitcoin price falls at low price. Better to do now is hold our coins and wait the market recovery.

maunbot

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Quote from: Nicolaus Copernicus on May 25, 2018, 10:07:20 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 ?

I do not think it will help much because if both experience the same trend, then the fliktuasinya also will not happen in a much different time.

helin9108

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Bitcoin price movement effects all altcoins because Bitcoin is the common currency from which we can buy sell all coins, if you want to buy any coin you need Bitcoin and if you sell any coin you will get Bitcoin and you can convert it to fiat currently. So Bitcoin is the base of this crypto market. You can see when bitcoin down all coins also dumps heavy and Bitcoin pumps all altcoins also jumps. People sell their Bitcoins to buy altcoins and they buy bitcoin when altcoin sell.

Meycell

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Quote from: bitcoinvestor on May 25, 2018, 10:27:55 AM

Quote from: Nicolaus Copernicus on May 25, 2018, 10:07:20 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 ?

Till now bitcoin price effect to all coins. Yeah all coins depends all btc price. BTC price is connected to outside issue. When there are FUDs from countries, influencers , BTC price will respons negative or positive quickly. Even ethereum will get effect from BTC price. Till now no coins that can stand alone to face BTC.

with increased Bitcoin prices able to make its own advantages for Bitcoin. Bitcoin will be the arrival of many enthusiasts with high prices. so for the level of enthusiasts on Altcoin so decreased. therefore for the price of Bitcoin is able to affect the existing Altcoin.

honex2

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In most cases bitcoin price affects all altcoin because its mostly used as a gateway for them. Its only in special case you see a naltcoin go up when bitcoin is going down. Very few exchanges use altcoin as a gate way

LankaJay

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Yes. I think so. Because BTC is the coin that everyone knows and looking for. So the investors are looking at the price of the BTC to make their decisions about the Altcoins.

haithomocduong

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This year the whole market follows Bitcoin price. There're only few coins that continue to be stable or grow even when BTC falls. When BTC domination grows then most of altcoins fall while BTC continues to grow.

Mercedes1107

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Bitcoin certainly does have a massive effect on the majority of the altcoins so if Bitcoin sneezes all the rest of the coins catch a cold. Ethereum nearly always moves in the same direction as Bitcoin, most of the alts will follow but you will still find some that will move independently dependent on project milestones etc.

Topic: Bitcoin price effect on Altcoin - page 22. (Read 3219 times)