Topic: Bitcoin price effect on Altcoin - page 29. (Read 3206 times)
Virtually all crypto-currencies have a positive correlation among themselves. The crypto-market as a whole, reacts to the same factors, the general capitalization of the crypto-market, fluctuations with respect to some external factors, the crypto-currencies, in general, move synchronously.
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 ?
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Bitcoin price always give a big effect to altcoin value, if the price of bitcoin going down, the price of altcoin will going down too. On the other hand, if bitcoin price going up, altcoin price will go up too. So it's all about the bitcoin price, not only for ETH but other altcoins too.
Since bitcoin is today the most important project among all other projects, it is with great certainty that today most of the altcoins in the market really begin to depend on bitcoin, it's a fact and it does not go away from it.
absulutely effect, let see when the btc down, altcoin down more badly, ( I don't talk about some specific situation or coin )
BTC has the power to manipulate the electronic money market. All Altcoin are affected by the price of Bitcoin and the Altcoin value is proportional to the Bitcoin price. Bitcoin is king in the electronic money market. There is no Altcoin that is independent of the value of Bitcoin.
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 ?
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. How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
to my knowledge Etereum follow the price of Bitcoin if I think Ethereum can not be separated from the influence of Bitcoin because Ethereum like silver and Bitcoin like gold.
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 ?
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