Topic: BTC is effecting Market? (Read 675 times)
Most of the times it is seen that Bitcoin influences the market. But Bitcoin's dominance drives the price of other altcoins. If the price of Bitcoin goes down in the crypto market, the whole altcoin market starts to go haywire. Bitcoin is one of the most reliable assets in the market. So investors become interested in Bitcoin investing, rather than focusing on altcoins either retail or institutionally. When the price of Bitcoin rises, stock traders are also attracted to Bitcoin. Compared to the last few years, the market value of Bitcoin is slowly increasing now.
The whole crypto-market depends on Btc .When its prices rises then the whole market will be bullish and vice -versa it has so much effect on the market more than any other altcoins.
Altcoins are prominent but most of these coins don't survive the hefty bear season because the team's behind the project are yet to increased the network level of their community, not alone stick on the trading volume and market cap. The bull and bear comes in one season, we should make effective strategy to ensure we're on the right track of the market other than allowing the market to take us by surprise. Bitcoin is top project in the market, everyone knows this piece of information and no one would be able help it when Bitcoin controls the market.Bitcoin has bigger influence in the market and that had been the reason why many crypto projects had been doing well in the market.
There are so much money to be made in the cryptocurrency market and we don't need to be feeling like we don't understand what to do to make money in the market. Cryptocurrency is always influenced by Bitcoin and we should not be surprised by that. We are into make profits and nothing apart from that.
Few coins have made 2x 3x ... Even the ones like SOL AVAX has more than doubled due to BTC getting spiked from 16k levels ... Guess if someone plays safe from now on one can make good amount of gains .. as halving is just around watch out for multiple swing moves .. always choose those coins which has strong fundamentals and if possible avoid meme ones as they can fall anytime !
Bitcoin is know to be the king of all cryptocurrency so what ever happens to Bitcoin will surly shake the entire crypto network, we can see from the little increase to $44k that later came down to $42k, some altcoins also experience this same movement proving that they are just followers. However Bitcoin doesn't affect only the crypto market but also some stocks, the current market seem to be fluctuating between $42k, but I believe before the end of the year Bitcoin might get to $44k.
Thats really true, bitcoin can be indicator whether altcoin will also rise or not, whenever there's correction at altcoin, you should see the chart of bitcoin whether it has recently make a price increase or not then if it is, you can simply proceed to invest in altcoin then you can get ahead of the rally.bitcoin influence undoubtedly is massive towards the general market, even at every correction of bitcoin the altcoin will also follow to get corrected, but im not surprised because bitcoin dominance by itself is already whooping 42% so of course it will more or less affect the whole cryptocurrency market.
i'd be more surprised if the altcoin are just rallying on its own rather than following bitcoin because thats gonna be impossible.
Bitcoin is know to be the king of all cryptocurrency so what ever happens to Bitcoin will surly shake the entire crypto network, we can see from the little increase to $44k that later came down to $42k, some altcoins also experience this same movement proving that they are just followers. However Bitcoin doesn't affect only the crypto market but also some stocks, the current market seem to be fluctuating between $42k, but I believe before the end of the year Bitcoin might get to $44k.
I'm even expecting something more than that. It has already touch $44k one week ago (around Dec 9 precisely). Even though we have few weeks to go, i think it should touch $48k by the end of the year. Almost ever one is looking towards next year for the next bull run, so I pray BTC do well this coming year to put smiles on the face of all holders.
The Bitcoin market was pretty good, but since the start of the war between Ukraine and Russia, the Bitcoin market went down a lot. Maybe those who invested in Bitcoin at that time suffered a lot of losses. In 2023, the Bitcoin market is once again on the rise. The year 2024 is expected to be very good for Bitcoin. Because the Bitcoin market is gaining momentum day by day so we can expect the year 2024 to be very good for Bitcoin.
Bitcoin is know to be the king of all cryptocurrency so what ever happens to Bitcoin will surly shake the entire crypto network, we can see from the little increase to $44k that later came down to $42k, some altcoins also experience this same movement proving that they are just followers. However Bitcoin doesn't affect only the crypto market but also some stocks, the current market seem to be fluctuating between $42k, but I believe before the end of the year Bitcoin might get to $44k.
Trusted altcoins will always survive no matter what happened during the bearish trend. The only shit token is dead once the bearish trend is starting to occur. We have seen that many times if bearish trend was offering us the opportunity to buy at the cheap price. Just try to buy as many tokens as you can during the bearish market and it will be helping you so much to make a bunch of money for your wallet.
This kind of strategy has been exist since a long time ago but people are hardly trusting it right now. As you can see that is how it was going so high right now. Many tokens were pumping so high and im think that if we are late to join in the train
BTC is always affecting the altcoins and the dominance of bitcoin against altcoins has proven it too.
This kind of strategy has been exist since a long time ago but people are hardly trusting it right now. As you can see that is how it was going so high right now. Many tokens were pumping so high and im think that if we are late to join in the train
BTC is always affecting the altcoins and the dominance of bitcoin against altcoins has proven it too.
There's no doubt about that, but with Altcoins that don't have the strength, there's no need to wait for the Bearishness for just a few weeks, it's guaranteed to disappear from the surface, plus if it enters the 4-year cycle, all Crypto currencies will definitely plummet, whether in the big market or small market. , so it's not surprising to see that every time the market enters a 4 year cycle it will turn red...
Actually, at the moment when the prices of all Crypto markets fall, everyone will definitely buy some coins which at least have a big price increase and the income will also be big, because when entering a bull market, of course all Crypto currencies, especially Bitcoin, will go into halving and there will definitely be a slow increase in prices. at least it is a moment for us to make our money in long-term investments from purchases when the market enters a bearish market..
The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.
The price of bitcoin has alwsys lead in the market, if the price bitcoin is increasing the price of altcoins also increases and if the price of bitcoin falls also the price of altcoins also falls. The price of bitcoin dominates the cryptocurrency market.
This one of the points to prove that bitcoin has good value in the market, and because of this value of bitcoin people prefer to invest in bitcoin than altcoins .
The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.
Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.
So guys what are your thoughts about current situation.
Bitcoin will always influence the crypto market as a whole. In fact, we have seen it from the start that the majority of altcoins also continue to follow Bitcoin's movements. But the increase occurred last week when bitcoin suddenly rose from 40 to 44k. At that time, most altcoins didn't seem to move much and only sideways. But after Bitcoin stopped rising or was in a sideways state, then Altcoins slowly started to rise. So altcoins often move too late to follow Bitcoin's rise. but in decline everything always moves together. Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.
So guys what are your thoughts about current situation.
Yes, btc is gaining momentum and because of that other tokens are performing well in the market, for example the same TFS or SOL
Trusted altcoins will always survive no matter what happened during the bearish trend. The only shit token is dead once the bearish trend is starting to occur. We have seen that many times if bearish trend was offering us the opportunity to buy at the cheap price. Just try to buy as many tokens as you can during the bearish market and it will be helping you so much to make a bunch of money for your wallet.
The list of those altcoins that have been in this realm is very few and only a handful of them are working on improving their infrastructure. 90% of altcoins currently in the market are already dead or on the verge. In most cases, these are those coins that came into the market when it was a bull run, and when the market starts to follow the bearish trend they are then dumped. That is why the term shit coins exist in the market.
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Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.
So guys what are your thoughts about current situation.
There is a term called "correlation" where Bitcoin and the stock market are somewhat correlated in terms of their price because both of them move the same... or at least there are times when both are moving in the same direction. Of course, some factors might cause both of them to not move the same like the sentiment of the investors, economic events, etc. Nevertheless, if you see the stock market go up in price, there's a high chance that Bitcoin will follow it. It's proven, and we've seen it many times already.Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.
So guys what are your thoughts about current situation.
BTC isn't the one that's affecting the market, but the stock market. I believe that market sentiments are a big factor towards the movement of different assets thus, if there's some positive news being released that's related to the stock market, Bitcoin will also have a positive effect as well, or at least most of the time. Just reverse what you said.
Think about this. The Stock Market and Bitcoin have a correlation. Most of the altcoins and Bitcoin have a correlation as well.
Trusted altcoins will always survive no matter what happened during the bearish trend. The only shit token is dead once the bearish trend is starting to occur. We have seen that many times if bearish trend was offering us the opportunity to buy at the cheap price. Just try to buy as many tokens as you can during the bearish market and it will be helping you so much to make a bunch of money for your wallet.
The list of those altcoins that have been in this realm is very few and only a handful of them are working on improving their infrastructure. 90% of altcoins currently in the market are already dead or on the verge. In most cases, these are those coins that came into the market when it was a bull run, and when the market starts to follow the bearish trend they are then dumped. That is why the term shit coins exist in the market.
The best time for accumulation Bitcoin if you look for altcoins check gaming ones, Avalanche protects and BRC-20 Tokens for example $SATS was listed on Binance and the early adopters of Ordinals (I bought my first Sats and Ordi on Bitget) are getting great returns. The Next year this tokens will make great profits so we should look at them with keen eye
Bitcoin is not affecting the market directly, rather people involved in alt market are. They are making decisions based on the Bitcoin market movement which is affecting the alt market. That's it.
this might be true but regardless its also indirectly affecting the market and therefore the market right now strongly leaning towards following bitcoin market trends and it happened in unison, whenever the bitcoin getting corrected many of the altcoin also getting corrected. that I guess,still an undeniable fact that bitcoin is leading the market with its humongous market capitalization. 
The whole crypto-market depends on Btc .When its prices rises then the whole market will be bullish and vice -versa it has so much effect on the market more than any other altcoins.
Altcoins are prominent but most of these coins don't survive the hefty bear season because the team's behind the project are yet to increased the network level of their community, not alone stick on the trading volume and market cap. The bull and bear comes in one season, we should make effective strategy to ensure we're on the right track of the market other than allowing the market to take us by surprise. Bitcoin is top project in the market, everyone knows this piece of information and no one would be able help it when Bitcoin controls the market.This kind of strategy has been exist since a long time ago but people are hardly trusting it right now. As you can see that is how it was going so high right now. Many tokens were pumping so high and im think that if we are late to join in the train
BTC is always affecting the altcoins and the dominance of bitcoin against altcoins has proven it too.
The whole crypto-market depends on Btc .When its prices rises then the whole market will be bullish and vice -versa it has so much effect on the market more than any other altcoins.
Altcoins are prominent but most of these coins don't survive the hefty bear season because the team's behind the project are yet to increased the network level of their community, not alone stick on the trading volume and market cap. The bull and bear comes in one season, we should make effective strategy to ensure we're on the right track of the market other than allowing the market to take us by surprise. Bitcoin is top project in the market, everyone knows this piece of information and no one would be able help it when Bitcoin controls the market. Of course, this is the norm whenever the price of BTC is rising most of those altcoins are also multiplying their price depending on which altcoins we are talking about. This is actually a good opportunity for the risk takers especially those who want to invest in some new altcoins that have a high chance of increasing their price due to this event and you will gonna earn more money if you land on the right altcoins to invest and also you will have another source of income in this another great scenario in the crypto market. But this is for the risk-takers only because the chances are few compared to investing in bitcoins.
That is the real thing that happens and that is what we have witnessed because the market is relying on the price of Bitcoin. That is why investors are on the lookout for Bitcoin trends before buying altcoins as their basis for market analysis. When it pumps, the entire market rises but once the price of Bitcoin dumps, altcoins are badly affected more. I could say that Bitcoin has a manipulating power over the entire crypto market which is why, whatever happens to Bitcoin, the rest will follow. 
I don't use the market of Bitcoin to predict the stock market. It usually doesn't go the way we think about it. But if you do believe that it has some effects on that market then good for you.
Regarding the alternative coins, yes it has a lot of effect when the Bitcoin value goes up or even down, let's not take that out because it does happen. I have no idea why because this is not the traditional movement back when no stablecoins are available.
The usual was Bitcoin up, Altcoins down and it just keeps on repeating. But ever since stablecoins were created it changed the behavior of the market. But every project should not like this kind of behavior because it tells that they are only relying on the movement of Bitcoin and they are not a stand-alone market. An altcoin is supposed to be moving because of the demand for its own coin and not because something else went up.
Regarding the alternative coins, yes it has a lot of effect when the Bitcoin value goes up or even down, let's not take that out because it does happen. I have no idea why because this is not the traditional movement back when no stablecoins are available.
The usual was Bitcoin up, Altcoins down and it just keeps on repeating. But ever since stablecoins were created it changed the behavior of the market. But every project should not like this kind of behavior because it tells that they are only relying on the movement of Bitcoin and they are not a stand-alone market. An altcoin is supposed to be moving because of the demand for its own coin and not because something else went up.
The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.
Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.
So guys what are your thoughts about current situation.
Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.
So guys what are your thoughts about current situation.
The best time for accumulation Bitcoin if you look for altcoins check gaming ones, Avalanche protects and BRC-20 Tokens for example $SATS was listed on Binance and the early adopters of Ordinals (I bought my first Sats and Ordi on Bitget) are getting great returns. The Next year this tokens will make great profits so we should look at them with keen eye
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