bitcoin prices go down, why altcoins prices also go down? - page 4.

Palider

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Quote from: borjois56 on May 25, 2018, 11:45:45 PM

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

Well ofcourse when bitcoin is down so do most of the altcoin why? Most of altcoin depends on the price of bitcoin how it happened? When ICO period the mode of payment for ICO is buying thru BTC as payment, ETH or any major altcoin. But the commonly used is Bitcoin this is why when bitcoin is down they will also go down.

tramadols

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Quote from: borjois56 on May 25, 2018, 11:45:45 PM

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

I think this discussion there are many members here who give understanding to you. but maybe you do not really understand, the core bitcoin is crypto for the benchmark of all trade and investment. and so also with the market, the market is heavily bound to bitcoin over time and will continue forever as long as no altcoin can compete.

rimueng agam

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Probably because altcoin price refers to bitcoin price and again this bitcoin is the parent of all altcoin so it is reasonable if bitcoin price falls will greatly affect the price of this altcoin

RokokGudangGaram

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if I think the altcoin price depends on the bitcoin price as well. because bitcoin prices make the altcoin price benchmark because bitcoin is the parent of all coins altcoin

kelamiyoui

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Because they are depend on each other. And current situation shows us that the dip has finished and restoring is taking place now, so prices will increase.

JackdunR

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Because BTC is the king of the Crypto market, they are the main coin and all the altcoins when converted into cash are converted into BTC or ETH, so when the BTC falls, all the other coin drops. according to the.

moepaing

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This fact can bring the happiness, unfortunately, it’s possible. The main reason for this is altcoins’ ‘addictions’ to BTC because BTC is a crypto-market base.

smhome354

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We can consider Bitcoin as the founder of the altcoins. It is the first one to resolved issues with the cryptocurrency. Altcoins are the by products of Bitcoin so they rely heavily on its status or value. This is the reason why the altcoins price go up or down just like bitcoin.

ValerieBTC

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Quote from: jc89 on May 27, 2018, 11:37:40 AM

Quote from: Mind Control on May 27, 2018, 10:20:14 AM

Quote from: borjois56 on May 25, 2018, 11:45:45 PM

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

When Bitcoin's price increases, altcoins' prices follows. When Bitcoin's price decreases, the price of altcoins follows as well. This is happening because the price or value of all altcoins out there is linked to Bitcoin and not to fiat. If you could notice in all exchanges they have this so called "Market". Let us take ETH for instance. If you want to buy/sell ETH in BTC Market (ETH/BTC), the price is in terms of BTC (i.e. 1 ETH = 0.1 BTC). So if the value of 0.1 BTC now is $700 then 1 ETH = $700, after a day the value of 0.1 BTC went down to $600 then the value of 1 ETH would be $600 as well (saying that the conversion factor of 1 ETH = 0.1 BTC does not change).

This is well explained answer. This is correct. Since altcoins are linked to Bitcoin then the price of altcoins depends on Bitcoin. Bitcoin is the cryptocurrency that has a direct conversion to fiat (other major coins are also convertible to fiat directly, however, they are also connected to Bitcoin so Bitcoin is the main catalyst here). I think there is no more info to add to the above's instance, as it is a self-explanatory instance (in my perception).

It is obvious that the market value of any of the crypto coin cannot rise higher all the time and that there will remain some fluctuation in the market value of almost all the crypto coins because of the volatile nature of the crypto coins. Bitcoin surely does have an impact on the rest of the crypto coin as it is the backbone of the entire market and the downfall in its market value effect other coins as well.

jc89

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Quote from: Mind Control on May 27, 2018, 10:20:14 AM

Quote from: borjois56 on May 25, 2018, 11:45:45 PM

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

When Bitcoin's price increases, altcoins' prices follows. When Bitcoin's price decreases, the price of altcoins follows as well. This is happening because the price or value of all altcoins out there is linked to Bitcoin and not to fiat. If you could notice in all exchanges they have this so called "Market". Let us take ETH for instance. If you want to buy/sell ETH in BTC Market (ETH/BTC), the price is in terms of BTC (i.e. 1 ETH = 0.1 BTC). So if the value of 0.1 BTC now is $700 then 1 ETH = $700, after a day the value of 0.1 BTC went down to $600 then the value of 1 ETH would be $600 as well (saying that the conversion factor of 1 ETH = 0.1 BTC does not change).

This is well explained answer. This is correct. Since altcoins are linked to Bitcoin then the price of altcoins depends on Bitcoin. Bitcoin is the cryptocurrency that has a direct conversion to fiat (other major coins are also convertible to fiat directly, however, they are also connected to Bitcoin so Bitcoin is the main catalyst here). I think there is no more info to add to the above's instance, as it is a self-explanatory instance (in my perception).

Mind Control

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Quote from: borjois56 on May 25, 2018, 11:45:45 PM

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

When Bitcoin's price increases, altcoins' prices follows. When Bitcoin's price decreases, the price of altcoins follows as well. This is happening because the price or value of all altcoins out there is linked to Bitcoin and not to fiat. If you could notice in all exchanges they have this so called "Market". Let us take ETH for instance. If you want to buy/sell ETH in BTC Market (ETH/BTC), the price is in terms of BTC (i.e. 1 ETH = 0.1 BTC). So if the value of 0.1 BTC now is $700 then 1 ETH = $700, after a day the value of 0.1 BTC went down to $600 then the value of 1 ETH would be $600 as well (saying that the conversion factor of 1 ETH = 0.1 BTC does not change).

criptoman83

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Now this isn't surprising. There is a strong direct correlation between bitcoin and most other coins and tokens. Bitcoin is falling, altcoins are also falling. However , when bitcoin is growing strongly, altcoins are falling, too ( as there is an overflow of investors altcoins funds in bitcoin). Over time , when the market "matures", the connection won't to be so strong. Already now some coins demonstrate this-for example, ETH and NEO, EOS.

dre4dnought

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Well, everything is falling because bitcoin is reduced. The vast majority of cryptocurrency bitcoin is dependent. But the Ethereum, I don't even know how the leverage on him was found that he started to fall. I personally have never seen it fall.

TGD

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Quote from: borjois56 on May 25, 2018, 11:45:45 PM

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

Because the main cryptocurrency is bitcoin so if the mother which is btc been negative in the market all thier sons/daughter will also feel the same. But not all just nost of it.

3kpk3

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This is a common occurrence in the cryptocurrency market and this trend was observed almost always due to panic and fear. Nothing new at all. The entire market is clearly correcting itself, but it won't go on forever. I suggest HODLING all your coins and tokens since I am expecting the market to rally soon sometime in June which will most likely help Bitcoin and majority of the altcoins rise significantly in value.

auy

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This is because people are beginning to fear and withdraw their money from exchanges. In the same way, large traders sell their coins with a view to re-purchasing at a more favorable price.

Orsen

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So here is logic, this is the market and the most popular currency controls it as in a bank dollar, all prices are based on the top 1 so here is an explanation for you!

MisterLangley

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Because all altcoin will be converted into bitcoin. So if the bitcoin price falls, then other altcoin prices will also decrease. I can say that they are a unity that needs each other. More precisely, you can see the opinions of the masters. Because I also still not very understand as other participants.

rodney0404

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Quote from: borjois56 on May 25, 2018, 11:45:45 PM

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

Altcoin stands for “alternative to Bitcoin” and is used describe any crypto currency that is not a Bitcoin. If the price of Bitcoin is falling then altcoins usually goes down too.

Hueristic

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Quote from: borjois56 on May 25, 2018, 11:45:45 PM

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

Because the entire market was in a bubble and it is still making market corrections. Coupled with the BTC Futures market this extends the length of the bubble as the manipulation and downward pressure is of institutional proportions.

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