Topic: bitcoin prices go down, why altcoins prices also go down? (Read 699 times)
Since Bitcoin is intense and extremely essential to the crypto showcase. What's more, bitcoin is a measure of the expansion or reduction of altcoin in the market. At the point when Bitcoin falls, the altcoin esteem will move down and the other way around. It resembles an agreement in an instinctual association. They both work as an inseparable unit.
because all of Altcoins' finances are backed by Bitcoin.
if you are familiar with Altcoins finances listed on coinmarketcap then you understand the current state of Altcoins which is very dependent on the price of Bitcoin.
Unfortunately till today Cryptocurrency market still dominated of Bitcoin, the market reacts each time Bitcoin moves, the flow which is happening right now is just a same pattern last year when btc dropped alts dropped as well, the support for every alts still few and traders who have a good knowledge understand that market will be healthier again when Bitcoin start to rise high again. if you are familiar with Altcoins finances listed on coinmarketcap then you understand the current state of Altcoins which is very dependent on the price of Bitcoin.
because all of Altcoins' finances are backed by Bitcoin.
if you are familiar with Altcoins finances listed on coinmarketcap then you understand the current state of Altcoins which is very dependent on the price of Bitcoin.
if you are familiar with Altcoins finances listed on coinmarketcap then you understand the current state of Altcoins which is very dependent on the price of Bitcoin.
Because of the fall in Bitcoin rates, the altcoins likewise diminished because of the impact of the coin on the rest of the cryptos available. At whatever point the conversion standard of BTC falls, it is apparent that numerous speculators offer BTC, which thus prompts altcoins additionally influenced by the relationship with altcoin/BTC and altcoin/ETH. So it isn't hard to comprehend that altcoins rates rely upon BTC.
I think it's because bitcoin is now one of the largest cryptocurrencies on the market
You only think that bitcoin just became one of the largest cryptocurrencines in the market? Bitcoin has been the biggest crypto market and these alts are dropping low because of it.If you're an altcoiner and most of your portfolio are into it, you're one of the most affected investor because you are into alts.
It is not just because it's now the largest crypto in the market, it has been the largest since before.
the price of bitcoins is falling, the price of altcoins is also falling - because altcoins depend on bitcoin.
This is normal. You may not know enough about Bitcoin. Bitcoin is the only coin that affects the entire cryptocurrency. It represents the entire cryptocurrency market.
they have a close relationship in which they affect each other in value and price.
You can see all of them in financing market which is affected by environment and international economic.
You can see all of them in financing market which is affected by environment and international economic.
Altcoins price can vary to bitcoin price because, bitcoin are the center of all currencies which are all altcoins followed to bitcoin if bitcoins price are down all altcoins are also down and now a days in cryptoworld are playing rise and down when it comes to the price is just happened.
because Bitcoin is the parent of all Cryptocurrency, you can see the chart before in coinmarketcap, then everything is the same as Bitcoin.
when you trade every day then I suggest to be more careful because now the market is down trend.
when you trade every day then I suggest to be more careful because now the market is down trend.
The price of cryptocurrency can vary depending on various factors, and bitcoin, most often, is what the whole market depends on. I think it's because bitcoin is now one of the largest cryptocurrencies on the market
Because Bitcoin is the leader of all currencies, this includes altcoin, all bitcoin falls all altcoin will fall along with it, all currencies are closely following Bitcoin's footsteps, the power of Bitcoin is incalculable, and Bitcoin is also Unsurpassable existence
Because Bitcoin is the leader of all currencies, Bitcoin is very important for encrypting the world. Bitcoin will drop all currencies, and all currencies will rise with bitcoin. Altcoin will always follow the footsteps of Bitcoin.
Why all atcoin prices go down when bitcoin is going down? I think it is because of the dominance of bitcoin in this crypto currency world that's why the prices of other altcoins go down. The bitcoin has a big influence when it comes to the prices of all tokens/coins in crypto.
Bitcoin is main and atcoin is part of bitcoin, when bitcoin raised to higher price altcoin will going to higher price, but when bitcoin is down altcoin will be lower price. always this moment happen on bitcoin and altcoin, both of them have connection how their price is going on. Just save your altcoin when bitcoin have lower price and sell when bitcoin is higher.
Because Bitcoin is the leader of all currencies, Bitcoin is very important for encrypting the world. Bitcoin will drop all currencies, and all currencies will rise with bitcoin. Altcoin will always follow the footsteps of Bitcoin.
How strongly related is altcoin value to bitcoin price?
It is strongly correlated from what you see in the data trends. Let’s explain the basics then throw some examples.
Simple math, ALT/BTC ratio would decrease if:
- ALT coin’s value drops (i.e. people are selling the ALT coin or trading it for BTC or other ALT coins).
and/or
- BTC value increases (i.e., more demand for BTC from various accounts including USD and ALT coin conversion)
Similarly, ALT/BTC ratio would increase if:
- ALT coin’s value increases (i.e. people are buying an ALT coin by trading BTC or other ALT coins).
and/or
- BTC value decreases (i.e., BTC is cashed out for USD or other currency or traded for ALT coins)
It is strongly correlated from what you see in the data trends. Let’s explain the basics then throw some examples.
Simple math, ALT/BTC ratio would decrease if:
- ALT coin’s value drops (i.e. people are selling the ALT coin or trading it for BTC or other ALT coins).
and/or
- BTC value increases (i.e., more demand for BTC from various accounts including USD and ALT coin conversion)
Similarly, ALT/BTC ratio would increase if:
- ALT coin’s value increases (i.e. people are buying an ALT coin by trading BTC or other ALT coins).
and/or
- BTC value decreases (i.e., BTC is cashed out for USD or other currency or traded for ALT coins)
We all know that now everything is in bitcoin depends on the bitcoin and on how he can function at all. So obviously any fluctuation of bitcoin gives a reflection on the rest of the cryptocurrency.
Bitcoin paved the way for alternative coins(alt coins) and its kinda sets the trajectory for them and it indirectly determines what their place is. Alts price movement are dependent on that of bitcoin.
Yes the price of altcoins are indirectly proportional to the market situation of bitcoin and if there is a pump in the value of bitcoin then the value of altcoin increases and vice versa. Bitcoin play major role in shaping the future of these altcoins.
Bitcoin is the base crypto currency of this crypto market and all the other coins always follow the same trend of bitcoin. I think most of the coins are traded in satoshi form and whenever the price of bitcoin fall down then value of satoshi is also fall down. and we see this downfall impact on all the other altcoins and say that all the market is fall down due to bitcoin price fall down.
Bitcoin paved the way for alternative coins(alt coins) and its kinda sets the trajectory for them and it indirectly determines what their place is. Alts price movement are dependent on that of bitcoin.
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