bitcoin prices go down, why altcoins prices also go down? - page 5.

hubballi

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Quote from: loraalbert on May 26, 2018, 10:34:27 AM

Because the value of bitcoin is always a measure of success and opportunity for higher profitability than altcoin. Therefore, when bitcoin prices go down, many investors have sold altcoin to buy bitcoin. This makes the market more balanced.

What you said is correct and one more point is that , We cannot sell or use other altcoins for any purchase or convert them to fiat currency so for that we have to sell the altcoin to bitcoin and then only we can get benefited. So that is why all altcoin are priced in bitcoin.

mickeybuddy27

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Quote from: Ariess on May 26, 2018, 08:34:29 AM

Quote from: borjois56 on May 25, 2018, 10:45:45 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.

the simplest example to explain to you is, because bitcoin is the reference of all altcoins present. the market has tied the bitcoin as the king of all crypto.
and altcoin trade and investment always involves bitcoin

There is same in the movement of price when it comes to bitcoin and altcoins because altcoin supported by bitcoin and it affects it. Instead of having a problem on this dip try to invest and use this opportunity to have huge amount to hold and wait for the good price. There are also some corrections on altcoin why the price decreases.

loraalbert

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Because the value of bitcoin is always a measure of success and opportunity for higher profitability than altcoin. Therefore, when bitcoin prices go down, many investors have sold altcoin to buy bitcoin. This makes the market more balanced.

l10no

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bitcoin is the parent of altcoin, so bitcoin prices greatly affect the price of altcoin. if the bitcoin price drops then the altcoin price will automatically fall as well and vice versa if bitcoin prices soars, altcoin prices will likely also rise, depending on the developments of each altcoin.

doroshok

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My opinion on the matter is. Bitcoin is the largest cryptocurrency, and it affects the whole market, at least for now.

brjameng

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Another coins going down for some reasons. but mostly people in accross the world, This matter will be solved by

BetadiNe

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currently bitcoin is like the parent of all altkoins, when bitcoin down altkoin also follows down, as well as when bitcoin rises. I think bitcoin is like a benchmark of altcoin.

hani1929

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maybe because theyre also relying also in the price of bitcoin.but as far as i know some altcoins dont go down even the price of bitcoin is dumping.maybe some altcoins also dumping because they do also panic selling when bitcoin is down..or maybe they sell altcoins to buy bitcoin because its in the dip price.So i therefore conclude altcoins are not affected by the prices of bitcoin..maybe its on the demand of altcoin.

SilverChromia

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Thats how bitcoin works they are like together as one if someone on them in the top has drop it value or the price on the market someone also takes an effect to go down also. bitcoin is like a mother that give birth to them and they are like twins if something happen to one of them will also take an effect like the other one.

TanteStefana

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It is because bitcoin price is affecting overall cryptocurrencyprice level, it cant be that bitcoin will plunge, and alts will go up

kryptqnick

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Quote from: forumsehat on May 25, 2018, 11:14:41 PM

To reduce the price of bitcoin at this time is much followed by the decline altcoins and I think that's what is happening right now, and maybe because altcoins always follow the bitcoin price.

Well that's no answer to the question. Bitcoin's price went down, because the Us Justice department decided to make an accusation in price manipulation. I don't think it's the case, but those friggin' newbies don't care, they just see the bad news and sell their coins rightaway. Now, when that happens, people tend to think that altcoins will be doing even worse, so they sell them more in hope that bitcoin will still survive. That can be seen if you look at the btc dominance on the market and its dynamics.

metalglowd

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because altcoin prices also follow bitcoin prices, we all know each altcoin always has a pair with bitcoin, so the effect that followed also follow from the trading pair and also usually often a few people who like to dump those altcoin. that's will make altcoins price going worst.

i think that was not for all altcoin, i mean there's still a few of alts that keep stable or even going up when btc keep in red stats

Zack Lee

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Quote from: borjois56 on May 25, 2018, 10:45:45 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 I know bitcoin is the parent of all altcoin, and so altcoin follow its movement and if bitcoin down altcoin will go down because altcoin follow the movement of bitcoin because I know these two altcoins need each other and I do not know what will happen if bitcoin without altcoin

nawosecad68

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Quote from: borjois56 on May 25, 2018, 10:45:45 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.

That's because bitcoin becomes the main coin and becomes the standard exchange for altcoin. Thus, rising and declining bitcoin prices can be an effect on altcoin prices.

Ariess

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Quote from: borjois56 on May 25, 2018, 10:45:45 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.

the simplest example to explain to you is, because bitcoin is the reference of all altcoins present. the market has tied the bitcoin as the king of all crypto.
and altcoin trade and investment always involves bitcoin

haidangtp

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Altcoin is measured in bitcoin, so when bitcoin is reduced, the altcoin decreases. But sometimes there are the opposite.

honghe99

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Buy, sell and store real cryptocurrencies

Because the recent negative news is affecting the entire market, and the largest amount of funds on the market is Bitcoin, its selling and buying can easily affect the market!

mario00

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It is due to trade pairs. All the altcoins have trade pairs with bitcoin which means that when bitcoin is falling, there is not enough trade being done on those coins either because not a lot of people are buying bitcoin so the prices of the altcoins fall along with the prices of bitcoin. Bitcoin is what gives the altcoins their value

Khailequang334

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I think there are 2 main reason:
1st: all altcoin have the ratio value with btc altcoin/btc so btc down, altcoin down
2nd: btc down, many people dont believe in crypto market so they panic sell all the coin they have which make the price down

qiwoman2

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Everything is pegged to Bitcoin, just like other world currencies are pegged to the US dollar. Also when Bitcoin goes down it is primarily whales and profit takers and panic sellers selling off both Bitcoin and cryptos, so when the general market cap falls then everything else falls with it. I see this over and over and as we are in a bear market for six months in a row, we should see further losses happening. Only gains are made if a coin has very good news and people then buy into it and it rallies against Bitcoin.

Topic: bitcoin prices go down, why altcoins prices also go down? - page 5. (Read 675 times)