BTC is effecting Market? - page 3. | Bitcointalksearch.org

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Quote from: andyou1234 on December 09, 2023, 11:54:37 AM

as we all know, bitcoin is the first digital currency created in crypto, and the amount is very limited, so bitcoin is an investment that is highly prioritized by everyone, so BTC really dominates the crypto market so the growth of other coins is very dependent on movements BTC.

remember that bitcoin dominates in term of market capitalization almost half of the market capitalization coming from bitcoin alone meanwhile considering that there are so many coins in existence its actually massive that bitcoin is this big. so its no wonder that influence of bitcoin is also so big for the other altcoins out there, even go as far as affecting the overall market trends in which means that bitcoin is the trend setter.

Quote from: oktana on December 09, 2023, 06:31:37 PM

Of course Bitcoin affects the market as a whole, but I do not think that the effect is always so large. But yeah, Bitcoin is not just the father of cryptocurrencies but it’s actually always on top when it comes to dominance. If you think of it, you’ll see that every cryptocurrency will be affected if Bitcoin were to be affected by anything at all. Even a little FUD on Bitcoin can affect the market

bitcoin is quite literally the trend if bitcoin go up other coin will go up same if bitcoin go down it will affect another altcoin indirectly or directly thats why when market in bullish everyone is looking at bitcoin because it could reflect the overall market condition, there is also reason why instutionaln investors decide to invest in bitcoin instead of altcoin, because bitcoin is the biggest thing in the market right now.

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Of course Bitcoin affects the market as a whole, but I do not think that the effect is always so large. But yeah, Bitcoin is not just the father of cryptocurrencies but it’s actually always on top when it comes to dominance. If you think of it, you’ll see that every cryptocurrency will be affected if Bitcoin were to be affected by anything at all. Even a little FUD on Bitcoin can affect the market

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Quote from: yawars20 on December 06, 2023, 05:53:21 AM

So guys what are your thoughts about current situation.

It's not surprising that we always see altcoin prices following Bitcoin as well as stocks following BTC prices. Even though we know that each altcoin has its own fundamentals. Many Altcoins also have technology that may be much better than Bitcoin and even have their own chains and have smart contract technology.

In my opinion, why Bitcoin affects market prices is because it's all just because of "trust", all crypto traders must have the same mindset if Bitcoin is always their benchmark. So if Bitcoin experiences a dump, they all also believe that other coins or tokens will also experience a decline and vice versa.

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Quote from: yawars20 on December 06, 2023, 05:53:21 AM

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.

Overall, a rise in the price of Bitcoin usually attracts the attention of crypto investors and can have an impact on alternative cryptocurrencies. This effect is often referred to as a “bull market,” where the rise in the price of one cryptocurrency supports the rise of others.
Also, as cryptocurrencies become increasingly important in the global economy, fluctuations in their prices can affect traditional financial markets.

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as we all know, bitcoin is the first digital currency created in crypto, and the amount is very limited, so bitcoin is an investment that is highly prioritized by everyone, so BTC really dominates the crypto market so the growth of other coins is very dependent on movements BTC.

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Quote from: MegameSama on December 09, 2023, 04:54:41 AM

That's right, Bitcoin has a very big influence on the cryptocurrency market or we can call Bitcoin the crypto itself. all pairs are now based on bitcoin, if bitcoin corrects then all altcoins will also correct, bitcoin corrects 5%, maybe altcoins can reach 15%. Yes, that's what I think is why Bitcoin really influences all alt markets. but for the stock market, I think there are two different places, I'm not sure whether bitcoin movements are influenced by stock, or whether stock movements are influenced by bitcoin.

All other cryptocurrencies are called altcoins and Bitcoin is called Bitcoin. Since the dominance of Bitcoin is higher it drives the market accordingly. Not all cryptocurrencies are in green in the present market situation as the altcoin season has not yet started. When the dominance of Bitcoin ends the altcoin season will start and you will see a lot not performing altcoins pump that time. No one knows how much altcoins will go up, as most of them a presently trading below their previous high you can expect them to reach the former position for sure.

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That's right, Bitcoin has a very big influence on the cryptocurrency market or we can call Bitcoin the crypto itself. all pairs are now based on bitcoin, if bitcoin corrects then all altcoins will also correct, bitcoin corrects 5%, maybe altcoins can reach 15%. Yes, that's what I think is why Bitcoin really influences all alt markets. but for the stock market, I think there are two different places, I'm not sure whether bitcoin movements are influenced by stock, or whether stock movements are influenced by bitcoin.

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Quote from: GreatArkansas on December 06, 2023, 11:04:22 PM

For the short term, I believe not yet, look at the market right now, Bitcoin is owning, pumping hard but altcoins? Not at all, they even dump at the current price of Bitcoin.
But for me, in long term especially if Bitcoin price will take a rest and do sideways, I am hoping altcoins will also do their own moves.

Maybe the effect is still building up? Because it's been only a while since BTC pumped up like this. But it's also possible that the rise of BTC have caused an altcoin and other markets to drop, because the interest of the people on them have shifted in BTC. It can also be for a while, for some reasons, as we know that we are seeing some positive news lately in BTC, so maybe they think investing in BTC now is a wise move to score a quick and easy profit.

Altcoins are still great in number. Same goes on other markets, so I think there are still some of them who are not following the trend. But anyways, if BTC declines, the same reasons above can/might also be applied.

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Quote from: Blitzboy on December 08, 2023, 04:04:13 AM

Our financial landscape is being transformed by digital currencies. Bitcoin is revolutionary, not just a currency. Spike in value? A sign of its developing trust. It sends other cryptocurrencies on a wild journey. Yes, Bitcoin's volatility shake stock markets. Isnt their reaction more about the traditional market's fear of the unknown than Bitcoin's instability? The fundamental question may be: why does a decentralized money shake traditional markets? Could Bitcoin be showing how fragile and limited traditional banking institutions are?

How bitcoin maintains its position in our financial sector has never happened before. There was a hype about dot com which faded away very quickly Compared to that bitcoin is still growing and its current form of growth indicates that it is still in its early stages of growth. When the market matures, we will see a more stable form of bitcoin which is very different from the current market scenario of bitcoin which is highly volatile. The traditional monetary system gives the banking sector and government the power to make money from thin air which causes inflation. Many people think this is a failed system that needs to be changed. A centralized system can not keep itself from manipulation which is why bitcoins decentralized nature attracts a part of society.

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Quote from: yawars20 on December 06, 2023, 05:53:21 AM

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.

There is no doubt that the cryptocurrency market moves along with Bitcoin, like every cryptocurrency, but I don't think that other financial markets, such as the stock market, are influenced by the movements of Bitcoin or other cryptocurrencies and these are just common myths that people have. Bitcoin has no direct connection with any economy or financial market other than the cryptocurrency market and if two markets fall or rise at the same time, it can only be a coincidence and nothing else.

The current situation of the cryptocurrency market is normal if you ask me. The market has been in the bear run for the last two years or so, and the market started recovering from that just in 2023, we are just in the recovery phase at the moment and anticipating a bull run in the next couple of years.

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Our financial landscape is being transformed by digital currencies. Bitcoin is revolutionary, not just a currency. Spike in value? A sign of its developing trust. It sends other cryptocurrencies on a wild journey. Yes, Bitcoin's volatility shake stock markets. Isnt their reaction more about the traditional market's fear of the unknown than Bitcoin's instability? The fundamental question may be: why does a decentralized money shake traditional markets? Could Bitcoin be showing how fragile and limited traditional banking institutions are?

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Quote from: Samlucky O on December 07, 2023, 12:33:55 AM

Yes bitcoin price would definitely affect other altcoins because btc is there father. It has always been like that for a long time now. One of the reason is the market dominance of about %50.

This is what makes people fall in love with altcoints and try if the item doesn't exist [surely all BTC is bought and maybe the BTC mining that many people do doesn't exist at all.

Quote from: Samlucky O on December 07, 2023, 12:33:55 AM

Emagine a company that somebody is the highest shear holder, the person will definitely take the lead. Then as for the people seeking for alternative to bitcoin, is as a result of taking advantage of the pump in altcoins. If bitcoin grew by %4 other altcoins will rise by %10-%15 so people take advantage of that. It Will take Bitcoin about 2 to 3 years to complete%100 while it takes some altcoin 1momth to complete%200.

Yes. Altcoins are also an alternative for us to choose besides BTC.

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Quote from: Rabata on December 07, 2023, 03:13:23 AM

Quote from: jrrsparkles on December 06, 2023, 10:39:19 AM

Quote from: yawars20 on December 06, 2023, 05:53:21 AM

So guys what are your thoughts about current situation.

That is what happens every time when we see the price in the bitcoin price, but to me, the effect is not completely reflected over every cycle. In the previous cycle if Bitcoin jumps 30% then most altcoins will surge 30% in average but now its not even 10% but random coins jumps 100% in 24 hours and in the next few days it will bleeds out which means the altcoins are only used by bump and dump investors and not for any real use cases.

As the price of Bitcoin rises, in the same way the prices of other altcoins increase. Because many people try to find alternatives to bitcoin investment. They become interested in investing in those coins. However, when the price of Bitcoin increases, other stock market investors are also encouraged to invest in Bitcoin. As a result we can see the movement of money but it doesn't have much effect because other stock markets have a lot of capital. If we look at cryptocurrency and forex market stocks there is a big differences between the two. So there will be no much effect on the market.

People are not just investing in Bitcoin but also, they are accumulating Altcoins. Why? Because they noticed that altcoins had also the potential to rise when Bitcoin pumps. What happened to Bitcoin has a manipulating impact on the entire crypto market, once it pumps, the rest will follow. In fact, even shitcoins have the chance to rise XXX. As the halving comes closer, we expect of increasing demand that would also pump the price. Everyone is preparing for the ATH and the bull season and is expecting another great year of crypto.

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Quote from: yawars20 on December 06, 2023, 05:53:21 AM

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.

Although I didn't have crypto knowledge in 2018, but I really don't see how bitcoin, pump and dump will affect the forex market then and now. They are quit different, one deals in fiat currency, while the other is crypto currency, and except it's the same people that are trading in the both markets, I don't see how the market trend of one will affect the other.

When you talk about the cryptocurrency market, bitcoin is undeniably the king and pacesetter, other crypto coins depend on it's trend to determine their outcomes. Now that we're going into bitcoin, bull run, altcoins, will be preparing to experience bull run too, because bitcoin investors will be happy and willing to buy altcoins, because it will be very profitable.

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Quote from: Essential10 on December 07, 2023, 12:58:46 PM

Quote from: yawars20 on December 06, 2023, 05:53:21 AM

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.

The rising price of Bitcoin and other cryptocurrencies has garnered significant attention in the media and financial sectors, leading to increased public awareness and interest in the cryptocurrency market. The growing adoption of cryptocurrencies by both retail and institutional investors reflects the impact of Bitcoin on the world. Governments and regulatory bodies are also taking notice and considering how to regulate and integrate cryptocurrencies into the global financial system. Overall, the effect of Bitcoin's price on the world is reflected in the increasing acceptance and recognition of cryptocurrencies as a legitimate asset class and form of investment.

We should be prepared for something more better than what we are seeing now. Bitcoin bull movement is just starting and we might be surprised so see it at a bigger level in few months to come. For us to make more profits formthe market, we need to learn how to expand our investment and put it on different projects so that we can maximize profits from that. It is good for us to keep looking for ways to increase our profits rather than relaxing.

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Quote from: yawars20 on December 06, 2023, 05:53:21 AM

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.

The rising price of Bitcoin and other cryptocurrencies has garnered significant attention in the media and financial sectors, leading to increased public awareness and interest in the cryptocurrency market. The growing adoption of cryptocurrencies by both retail and institutional investors reflects the impact of Bitcoin on the world. Governments and regulatory bodies are also taking notice and considering how to regulate and integrate cryptocurrencies into the global financial system. Overall, the effect of Bitcoin's price on the world is reflected in the increasing acceptance and recognition of cryptocurrencies as a legitimate asset class and form of investment.

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Quote from: Rabata on December 07, 2023, 03:13:23 AM

Quote from: jrrsparkles on December 06, 2023, 10:39:19 AM

Quote from: yawars20 on December 06, 2023, 05:53:21 AM

So guys what are your thoughts about current situation.

That is what happens every time when we see the price in the bitcoin price, but to me, the effect is not completely reflected over every cycle. In the previous cycle if Bitcoin jumps 30% then most altcoins will surge 30% in average but now its not even 10% but random coins jumps 100% in 24 hours and in the next few days it will bleeds out which means the altcoins are only used by bump and dump investors and not for any real use cases.

As the price of Bitcoin rises, in the same way the prices of other altcoins increase. Because many people try to find alternatives to bitcoin investment. They become interested in investing in those coins. However, when the price of Bitcoin increases, other stock market investors are also encouraged to invest in Bitcoin. As a result we can see the movement of money but it doesn't have much effect because other stock markets have a lot of capital. If we look at cryptocurrency and forex market stocks there is a big differences between the two. So there will be no much effect on the market.

Whenever we are in a bull run, more people enter into the market which necessarily means investors from the stock market are entering it, yes some people invest in both but generally, they think crypto is not an actual asset. And also we can't compare both the market because the time of existence of stock market is far ahead compared to crypto market but still Bitcoin crossed 1 trillion market cap in 2021 if I am not wrong.

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Quote from: tsaroz on December 06, 2023, 10:46:35 AM

Crypto market has always been stirred by the price of bitcoin. Some years ago, bitcoin was the only trading pair for any currencies for the exchanges. Now, USD is more popular but the emotions and trends are still lead by bitcoin. The upcoming bitcoin halving has been one of the reason for the current bull and there ought to be some correction exactly after that. But on a long term there have been ultimate bulls that made bitcoin and most of altcoins hit their all time high.

I think USD is a bit more connected, but BTC is still the driving force one way or another. I think the simplest thing to do in this regard, just look at where bitcoin is going, because the direction bitcoin takes will always be the direction that alts will go, the amount may change just a bit, and sometimes some coins have great days that's true but in the end we are going to see the direction be the same anyway.

So, even after the pair got to USD side, we still see Bitcoin deciding the market, and that's important information. I understand that alts have their own world a bit, not a whole lot, not completely different, but they do have a small market for themselves, but at the same time I believe that we are going to end up with something that should be a little difficult to handle, it should be something that will benefit everyone one way or another. This is why I believe that the best thing to do would be just focusing on what bitcoin does in order to invest.

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Quote from: yawars20 on December 06, 2023, 05:53:21 AM

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.

When bitcoin moves, the whole market gets shaken, and this is normal due to the influence of bitcoin throughout the industry. All the major altcoins have a pair with bitcoin so when a drop in bitcoin happens the whole altcoin market gets affected. Current sharp raise of bitcoin price also causes the raise of many low cap altcoin. BTC, Stocks are somehow related to each other and that is why we have seen that when there is a decline in the stock market, the bitcoin price also makes a correction with it.

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It seems to me that this has always been the case. Bitcoin is the basis and it is it that gives impetus to the market in 2018 there was exactly the opposite effect, you said correctly, but the important factor is that the market was filled with bubbles and scam projects, so the collapse was even faster. Over these five years, the investor and trader have become wiser and the market now rises or falls more smoothly if there are no force majeure situations.

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