Bitcoin's price decrease and increase - page 3.

Hallmader

sr. member

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Quote from: YD_Crypto on February 12, 2018, 02:09:11 AM

Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?

This does not happen all the time. But in the last several days, the movement seems to be as a single body. This signifies that the decrease and increase of the prices are not just a reflection of the individual performance of the coin but of the entire crypto environment. But it has also happened countless of times in the past that if Bitcoin is in serious blood, the rest of the altcoin world will also suffer the same. This means that Bitcoin's fate is playing a vital role in the prices of the altcoins.

squatz1

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Quote from: giogio0504 on February 12, 2018, 02:23:23 AM

Quote from: YD_Crypto on February 12, 2018, 02:09:11 AM

Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?

This proves that success of altcoins depend on bitcoin, and they will never be able to overcome it.

I mean that couldn't be farther from the truth because during the altcoin ruin up, right before and after the BTC run up. Bitcoin went up maybe 4x at the top of the line, but all of those other altcoins they went up an insane amount some went up 1000x and things along those lines. These other coins went up crazily, a lot more then bitcoin did..

Altcoins fluctuate with bitcoin, but not with the same amount of volatility as altcoins WILL ALWAYS have more volatility.

gizmodo1987

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As bitcoin is the root or the father of cryptocurrency when it goes down majority of altcoins also go down. But there are others which will not be affected.

Hellobx

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The Experience Layer of the Decentralized Internet

Because bitcoin is the leader in cryptocurrency markets, all altcoins will rise as bitcoin rises.
When the price of bitcoin falls sharply, people will lose confidence, and they will sell a lot of altcoin at this time, which leads to a big drop in the price of the whole cryptocurrency market.

kokowannabe

jr. member

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bitcoin is the mother of all coin because bitcoin is the first coin and bitcoin price will alwayas the biggest one, and altcoin wil never catch up to bitcoin.

Ridwan Fauzi

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Bitcoin has a major influence in the world of cryptocurrency, so altcoin prices must be influenced by bitcoin prices. Everyone who invests in bitcoin automatically has an investment in altcoin. So when they get good news or information coming to the world of cryptocurrency they will automatically buy bitcoin and altcoin as well as and otherwise when he got bad information that came to cryptocurrency they will sell bitcoin and altcoin he has.

giogio0504

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Quote from: YD_Crypto on February 12, 2018, 02:09:11 AM

Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?

This proves that success of altcoins depend on bitcoin, and they will never be able to overcome it.

YD_Crypto

newbie

Activity: 138

Merit: 0

Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?

Topic: Bitcoin's price decrease and increase - page 3. (Read 471 times)