BTC effect on altcoins - page 3. | Bitcointalksearch.org

gabmen

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Quote from: mstfprcn on May 18, 2018, 02:01:38 AM

if the money dont go out of crypto, the rule is very simple ; prices of bitcoins go up then altcoins go down, but when prices of bitcoins go down prices of altcoins go up.

Nope i don't think it works that way dude. Alts would go up if btc can remain stable for a while. Bitcoin plunged by the end of december up to march this year and it took pretty much the whole market with it. So alts most of the time would rely on btc being quite stable.

mstfprcn

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if the money dont go out of crypto, the rule is very simple ; prices of bitcoins go up then altcoins go down, but when prices of bitcoins go down prices of altcoins go up.

iyemroker

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maybe your interpretation is correct when back in 2017, but for now it is different.

when Bitcoin rose against USD, then Altcoins also rose and so was the opposite when Bitcoin dropped then Altcoins followed down.

a little different again with Hardfork when there is Airdrop free for Hold coin A will get the B coin, as usual it will go up until where there is the end of Snapshot.

franss

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BTC effect altcoins directly or indirectly.Rumors and wrong news badly effect the market people going panic sell of BTC and when price of BTC fall other altcoins also fall down.Actually most of altcoins based on the BTC platform which effect the altcoins.

Sadlife

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That's because bitcoin is the top of all crypto currency it is the backed up supply of all altcoins if bitcoin falls the price of altcoins will also fall and of course if it surge altcoins will also increase. Crypto currency is no different from fiat currency for example the price of dollar is backed up by gold. That's the same in crypto currency altcoin prices are backed up with btc that's it can never be replaced.

Golftech

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Quote from: zergenyt09 on May 17, 2018, 11:37:26 PM

Quote from: DPrillio on May 14, 2018, 06:33:33 AM

Quote from: george888055 on May 13, 2018, 03:32:17 AM

The idea that bitcoin rising leads to altcoins falling is an unproven hypothesis, it is something that traders have noticed, but due to the various flaws in human observation, we cannot say for certain it is true.

Even though bitcoin is the pillars of crypto world but still there are altcoins that never be affected with bitcoin fluctuations because there are altcoins that has its own trend by degree of importance and usage, but we cannot deny the fact that mostly workers in a crypto world is using altcoins to obtain bitcoins because we are all needing money.

sorry to say but all those altcoins that think themselves above bitcoin have not survived or progressed a lot. However, if you are going to deny my words than with due respect and on a humble request, can you please name some of those coins. This will help us all in gaining profits during the bearish market too. Honestly, if have not heard of any potential coin that is good but does not copy BTC.

Well, we are still in the point where most traders and investors really works to earned money, so we can't deny the fact that they are just waiting for some increased and sell out when see the opportunities, so any movements coming out from btc will really affects the alts community, both ups and downs create impact maybe it will only change this way after the success of entire crypto community.

zergenyt09

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Quote from: DPrillio on May 14, 2018, 06:33:33 AM

Quote from: george888055 on May 13, 2018, 03:32:17 AM

The idea that bitcoin rising leads to altcoins falling is an unproven hypothesis, it is something that traders have noticed, but due to the various flaws in human observation, we cannot say for certain it is true.

Even though bitcoin is the pillars of crypto world but still there are altcoins that never be affected with bitcoin fluctuations because there are altcoins that has its own trend by degree of importance and usage, but we cannot deny the fact that mostly workers in a crypto world is using altcoins to obtain bitcoins because we are all needing money.

sorry to say but all those altcoins that think themselves above bitcoin have not survived or progressed a lot. However, if you are going to deny my words than with due respect and on a humble request, can you please name some of those coins. This will help us all in gaining profits during the bearish market too. Honestly, if have not heard of any potential coin that is good but does not copy BTC.

ausbit

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Quote from: Rizky Aditya on May 14, 2018, 05:56:42 AM

Quote from: Tungsten-1 on May 08, 2018, 02:40:30 PM

Quote from: Danglen1010 on May 07, 2018, 02:22:56 PM

Nope, bitcoin does not affect the alternative coins because in the first place bitcoin is not related to alternative coins in any aspect of the business, in short they are not in the same roots in the company of bitcoin.

Once, there had an effect of bitcoin over different coins. But right now, as the technology have gained much highness, modifications came along the path and coins become independent. Still, there are few coins who fluctuate accordingly with bitcoin but they are so low. Majority of the coins have become parallel with bitcoin and become independent of their effect on performance.

Yeah you are right. Every coin has its own value in the market and many people invest according to their purchasing power. If they have more money they buy bitcoin and if they have less money they look to other currencies. I think there is no or very little effect of bitcoin price on other currencies. The choice is different for investment in cryptocurrency.

There is no way that we can deny this fact that bitcoin is the real backbone of the entire crypto market and that all other coins greatly depend on the bitcoin and that bitcoin’s market value does effect the reputation of rest of the crypto coins too. However, if you are going for altcoins, then you need to plan the things accordingly as you cannot hold the altcoins for longer period.

tungmeoden

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btc always effect to altcoin,when btc change everything on the market change together BTC,it is not fair,the market need more coin can share effect of btc to market,now BTC is so strong with the rest of market

mrproblem

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dominance of btc is between 35-40 % now so we can say that according to last year or last 3 months it is decreased. So that means it will have less effect in the future also.

OrangeII

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Quote from: mojacho on May 14, 2018, 07:34:58 AM

The impact of Bitcoin on other cryptos is huge. But there are always some exclusion from the rules. 10% of coins can bring you profits even when BTC is stagnating. Hard to find them though

bitcoin is the face of altcoin. when the bitcoin price falls, it will affect altcoin. Well, it can be said that bitcoin becomes a coin or foundation of altcoin, so it will have a hard effect on the price of altcoin, even ETH.

mojacho

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The impact of Bitcoin on other cryptos is huge. But there are always some exclusion from the rules. 10% of coins can bring you profits even when BTC is stagnating. Hard to find them though

Limar0

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Bitcoin really affects all altcoins in marketcap.As we all witness in the market trends that when bitcoin is down,most altcoins are also down.That's how important bitcoin as cryptocurrency.If there's anything we can do to support bitcoin, then we have to act now inorder for other altcoins to become more valuable in the market.

DPrillio

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Quote from: george888055 on May 13, 2018, 03:32:17 AM

The idea that bitcoin rising leads to altcoins falling is an unproven hypothesis, it is something that traders have noticed, but due to the various flaws in human observation, we cannot say for certain it is true.

Even though bitcoin is the pillars of crypto world but still there are altcoins that never be affected with bitcoin fluctuations because there are altcoins that has its own trend by degree of importance and usage, but we cannot deny the fact that mostly workers in a crypto world is using altcoins to obtain bitcoins because we are all needing money.

Rizky Aditya

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Quote from: Tungsten-1 on May 08, 2018, 02:40:30 PM

Quote from: Danglen1010 on May 07, 2018, 02:22:56 PM

Nope, bitcoin does not affect the alternative coins because in the first place bitcoin is not related to alternative coins in any aspect of the business, in short they are not in the same roots in the company of bitcoin.

Once, there had an effect of bitcoin over different coins. But right now, as the technology have gained much highness, modifications came along the path and coins become independent. Still, there are few coins who fluctuate accordingly with bitcoin but they are so low. Majority of the coins have become parallel with bitcoin and become independent of their effect on performance.

Yeah you are right. Every coin has its own value in the market and many people invest according to their purchasing power. If they have more money they buy bitcoin and if they have less money they look to other currencies. I think there is no or very little effect of bitcoin price on other currencies. The choice is different for investment in cryptocurrency.

nieninja53

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Yes, Bitcoin is really effecting the whole market when price of bitcoin will unexpected move then all over the market effected on this may be bitcoin price go up or down altcoins are effected,

Neglected Person

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Of course, after Bitcoin's effects altcoin's on. Because there are almost many coins, which depend on the decrease of bitcoin-growth. If the price of bitcoin decreases, the price of some of the altcoin coins decreases. Again, if the price of bitcoin increases, then the price of these coins increases.

george888055

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The idea that bitcoin rising leads to altcoins falling is an unproven hypothesis, it is something that traders have noticed, but due to the various flaws in human observation, we cannot say for certain it is true.

Bdstar

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since the Bitcoin is the main and major virtual currency so that it always plays a vital role. if the price if BTC falls down then all the currency also follow the way of BTC because of the chain. Most of the Altcoin is based on Bitcoin so It has the most influential role.

thinknow11

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I think the major problem here is that bitcoin is the base currency for all other alternative cryptocurrency. So it movements will definitely affects altcoins prices positively and negatively. Positive when bitcoin price is on uptrend and negative when bitcoin price in on the downtrend

Topic: BTC effect on altcoins - page 3. (Read 5133 times)