Bitcoin price effect on Altcoin - page 26.

0t3p0t

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Peace be with you!

Quote from: Nicolaus Copernicus on May 25, 2018, 09:07:20 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 ?

It is too obvious to see that Altcoins will remain and still be depwndent to Bitcoin and for me it will last until the lifetime. We can clearly see prices of Altcoins will fluctuatewhen Bitcoin's price slowly goes down. I am not that familiar with analizing the value and performance of a specific Altcoin on the market because I am not a full time trader but the thing is whatever will happen to the market either up or down Altcoin investment is still the best one.

Pierre 2

legendary

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Bitcoin is very very effective on altcoin prices. It is like how moving objects affect birds.
Bitcoin should stay tight and strong for birds to come and seek more investments Wink

100kk

member

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The price of all altcoins depends on the bitcoin price. In this case, in my opinion, the most often observed dependencies is:
- a rapid increase of bitcoin's price - decrease of altcoins price in the short term, but further growth if the price of bitcoin will be stable.
- a rapid decrease of bitcoin's price - decrease of altcoins price in the short term, after that everything depends on the state of the market.
So you can see, that sharp changes in market conditions is not good thing for the increase the price of altcoins.

siinssooo

newbie

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All altcoins are related to each other, but they are all effects through bitcoin or ethereum. Much if we see the bitcoin currently falling with very low hrgaa, then some of the selected coins will also start rising and others will fall too. All altcoin perform calculations by bitcoin or ethereum and convert them in bitcoin or ethereum. Bitcoin has a strong value.

CAPT.DEADPOOL

full member

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PHORE

so much bitcoin can affect the altcoin altogether and that someone else thinks that the market is too big for bitcoin, so while the price is low then we can buy it so that we can recover We buy beautiful altcoin and hold it only

carrie_white

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of course the price of bitcoin affects the price of altcoins, if bitcoin rises then the average of other altcoins must also rise, since bitcoin is used as the exchange rate of altcoins itself

HadadC

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Bitcoin can effect all market.Its very obvious.But sometimes , they are new altcoins which aren't effected from BTC.If you find them , you are lucky.

Pa1n

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JOIN THE NEXT MEGATREND IN CRYPTO!

Of course bitcoin can effect on all altcoins market.Top 10 coin easily can affect the market , but BTC can give direction to market.

takumi2354

newbie

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BTC and ETH strongly affect altcoins because they are the flagships in the crypto market and many other tokens are built on their basis.

[email protected]

newbie

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Very strongly atm, just check the market, Bitcoin goes up a little, alts go up a lot and vice versa.

alexzorgo

full member

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The effect of the impact of the cost of bitcoin on the entire market of crypto currency exists uniquely. However, there is no clear correlation between the cost of bitcoin and the etherium in dollars. One can confidently say that the trend of altcoins will follow the trend of bitcoin. But how accurately he repeats it, it is difficult to predict. For example, some data on BTC/USD and ETH/USD (bitfinex):
Starting point - 11.28.17
BTC: 9895
ETH: 483
the ratio is 20.5

12.17.17
BTC: 19891 (+ 101%)
ETH: 709 (+ 46%)
the ratio is 28

01.13.18
BTC: 14580 (+ 47%)
ETH: 1354 (+ 180%)
the ratio is 10

04.01.18
BTC: 6544 (-34%)
ETH: 360 (-26%)
the ratio is 18

05.06.18
BTC: 9964 (+ 0.07%)
ETH: 838 (+ 73%)
the ratio is 11

whirlcoin

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Quote from: talkbitcoin on May 27, 2018, 04:32:02 AM

Quote from: whirlcoin on May 27, 2018, 03:45:23 AM

Quote from: Nicolaus Copernicus on May 25, 2018, 09:07:20 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 ?

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.

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.

I want to meant that there is no direct relation between the prices of bitcoin and altcoin because the prices are determined by the demand of each coin at the current situation.But people are getting scared when the price of bitcoin falls and panoc selling results the other coins also to fall.

LuchikSveta

member

Activity: 187

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Bitcoin price effects all coins as it is the most valuable coin, it's a fact. So, it's natural that when bitcoin begins to fall then immediately falls the price of other altcoins, and vice versa

noriksiayol

newbie

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I think there is no direct control of bitcoin to other crypto coin, but the relation are always there, however when bitcoin price down it will also affects to the status value of other crypto coins, because all altcoins are depending on bitcoin.

talkbitcoin

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All I know is that I know nothing.

Quote from: whirlcoin on May 27, 2018, 03:45:23 AM

Quote from: Nicolaus Copernicus on May 25, 2018, 09:07:20 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 ?

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.

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.

longwintershere

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“Revolutionizing Brokerage of Personal Data”

Quote from: Nicolaus Copernicus on May 25, 2018, 09:07:20 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 think altcoins generally related to bitcoin prices, because it's number 1. Suppose if Eth would have overcome bitcoin, then altcoins would be following the prices of ethereum imo.

whirlcoin

full member

Activity: 602

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Quote from: Nicolaus Copernicus on May 25, 2018, 09:07:20 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 ?

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.

Urbanbypas

member

Activity: 171

Merit: 10

All altcoins depend on the cost of bitcoin. Look at what's happening in the market right now. The bitcoin has fallen in price by 3% and there are no coins which has risen in price.

dragontigear

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Quote from: gilad215 on May 27, 2018, 03:35:02 AM

Bitcoin is a market mover. Fluctuations in bitcoin prices move the prices of other altcoins' price exponentially. Bitcoin has been in the market for quite a while now and the crytpo exchange is heavily affected by its price. If you observe the market keenly you will find out that dip in the altcoin prices is due to the negative value of bitcoin for that day.

Yes its really true the movement of bitcoin in the market really affects the market price of ethereum, when bitcoin falls ethereum also losing
and when the bitcoin, ethereum is also rising.

gilad215

full member

Activity: 430

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Bitcoin is a market mover. Fluctuations in bitcoin prices move the prices of other altcoins' price exponentially. Bitcoin has been in the market for quite a while now and the crytpo exchange is heavily affected by its price. If you observe the market keenly you will find out that dip in the altcoin prices is due to the negative value of bitcoin for that day.

Topic: Bitcoin price effect on Altcoin - page 26. (Read 3234 times)