Topic: Bitcoin price effect on Altcoin - page 8. (Read 3182 times)
All Altcoin uses Bitcoin as a way of valuing themselves. Altcoins are wanted to be listed on exchanges so that there may be coin / Bitcoin currency pairs. So Altcoin is always dependent on Bitcoin.
And alt coins' prices affect on the BTC as well. It is the symbiosis and it is not surprising that they have a strong connection with each other. But it has to be said that BTC's dominance is larger and stronger because of BTC's being the baso of the crypto market.
Of course the influence of bitcoin is very strongly felt especially when bitcoin falls and makes very rapid fluctuations, it proves many times that in fact we do not have any decentralization, it's all just speculation
Bitcoin price effect on altcoins is directly proportional. When bitcoin goes down, a lot of altcoins will bleed as well and goes when bitcoin also goes up. Bitcoin is the bases of crypto market so thats why.
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Absolutely btc give big effect for altcoins, at the fact you can see and compare in the coinmarketcap that show the price of btc and most of altcoins. In my observation, when the price of btc increase it will effect to the price of most of altcoins which is increase too. And of the value of btc decrease it will effect to altcoins's price that will decrease too. Like today that btc just reach $6,313 per coin and eth decrease too that reach $191 per coin, so do to most of altcoins price that enter the red zone.How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
In my opinion, Bitcoin clearly has a big influence on the majority of altcoins so that if Bitcoin decreases in price. Ethereum almost always moves in the same direction as Bitcoin, most of the alts will follow but in any case, the price of Bitcoin directly affects the entire cryptocurrency market.
Undoubtedly there is a connection between bitcoin and all other crypto currencies and if bitcoin fails, all alternative coins will also lose value. Assuming that some altcoyin will begin to live independently of bitcoin is very difficult.
I believe that currently altcoins are still dependent on bitcoin. because bitcoin is a coin that is still leading in the future. so we don't be surprised by the development of altcoins today, because altcoin is almost influenced by bitcoin.
Bitcoin has always been directly related to prices for other cryptocurrencies. He sets the direction of the market. If Bitcoin falls in price - then the whole market goes after him. There are of course exceptions when some strong altcoins show growth even when the market falls.
Investors always depend on btc prices, so if the price of bitcoin rises, there is always a tendency that altcoins tend to rise too.
I think yes, the price of bitcoin always affects altcoin prices because their altcoin values always depend on the price of btc
I think yes, the price of bitcoin always affects altcoin prices because their altcoin values always depend on the price of btc
It can be said that the influence of bitcoin is too strong to be a measure of the price of all altcoins, when the price of bitcoin rises then the value of altcoins also rises and vice versa, in my opinion this must be overcome immediately, too dependent on bitcoin certainly makes things that are not good.
Undoubtedly there is a connection between bitcoin and all other crypto currencies and if bitcoin fails, all alternative coins will also lose value. Assuming that some altcoyin will begin to live independently of bitcoin is very difficult.
The majority of alts are are connected with the price of bitcoins. I mean, when he falls, they also get a little cheaper, and vice versa.
The most significant Cryptocurrency in the space is Bitcoin and it is likely going to continue like these forever but ALtcoins is where the money is, there is no one in the space for the past 2 years that has no make money in Altcoins but it just depend on how we try to study the market and use the available information to our advantages
Altcoin values depend heavily on the value of Bitcoin. Maybe you know how the relationship between Bitcoin and Altcoin. Imagine the price of Altcoin now, especially Ethereum. The decline in altcoin prices is related to the price 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 is presently the most vital challenge amongst all other tasks, so that for the time being most of the altcoins available on the market clearly begin to depend upon bitcoin, so now nearly all altcoins rely on bitcoin, so some external elements, crypto currencies, in standard, move concurrently.
Yes actually most of the crypto in the market has ETH trading pair which is a direct altcoin for bitcoin. So if bitcoin market price moves so does the ETH and when ETH moves its market price so does the crypto that are using ETH platform. But the market price movements will not depend on bitcoin and ETH only because it will depend on the coin utilizations and the project implementation and its ROI.
Since bitcoin is today the most imperative venture among every other undertaking, it is with extraordinary assurance that today the greater part of the altcoins in the market truly start to rely upon bitcoin, it's a reality and it doesn't leave from it.
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Yeah i am interested also to know the ratin between altcoins and the BTC so that we will be able to know if which crypto should we invest and is it okay to invest on the altcoins in the crypto market or those tokens in the ICO period of the project that has potential earnings and profit. How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
The glory of altcoins is in BTC. The reason must ico's are finding it difficult to come onboard is because bitcoin price is low. This trending issue is affecting altcoins as well. Once bitcoin gain momentum in coinmarketcap everyone investor will enjoy!
Very influential because Bitcoin is highly valued by altcoins for its existence.
If the Altcoins developer team does not have Bitcoin in the company then it is sure to be very difficult to develop the altcoins.
If the Altcoins developer team does not have Bitcoin in the company then it is sure to be very difficult to develop the altcoins.
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