BTC is effecting Market? - page 4. | Bitcointalksearch.org

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Quote from: yawars20 on December 06, 2023, 06:53:21 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.

It is best if we always think positive rather than negative about Bitcoin. Because we saw that when the Bitcoin market went down in 2018, it had a lot of impact on the stock market. But we have seen since then and again after four years the price of Bitcoin has once again grown tremendously and reached high levels. People benefited the most from Bitcoin in 2021 when the price of Bitcoin skyrocketed and reached an all-time high. Accordingly, we always believe in Bitcoin. Most people invest in Bitcoin and hold it for a long time, only hoping for high returns. You can never be an investor if you think negative side of bitcoin, but you should always think positive and hold bitcoin patiently. And I believe no one will ever face loss by investing in Bitcoin if he invests for long term he will definitely get enough money profit. So no one has experienced loss now by investing in bitcoins, but most people have experienced gains.

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Quote from: yawars20 on December 06, 2023, 06:53:21 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.

That is absolutely a good observation looking at the past price behavior of Bitcoin it's obvious that it price movement always triggers the upward surge or trend of majority of other altcoins that is why some investors always seek other alternative coin to Bitcoin and not underpriced and invested on them having the ripple effect on the prices of those coins especially when they are aware of upcoming positive big event related to Bitcoin just the upcoming halving of Bitcoin next year, Gold and Silver also experience an upward surge in the past few days seem it is the effect of the price of Bitcoin.

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Altcoins by & large always follow what Bitcoin is doing. When Bitcoin experiences a Black Swan event or is in a bear market then altcoins follow. When Bitcoin is in a bull market & pumping hard, altcoins go up. Some newbies think they have missed Bitcoin so they try to find cheaper alternatives. Let’s not forget that without Bitcoin there would be no altcoins.

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Quote from: GlacierBIT on December 07, 2023, 08:19:17 AM

Bitcoin's like a locomotive, if it starts moving, the rest will too. You should always focus on the father of cryptocurrencies, as is the norm in the cryptocurrency industry. Bitcoin's movement could indeed have a big impact on the rest of the market, when bitcoin's value rises, it can create positive sentiment, leading to increased interest in other cryptocurrencies.

Bitcoin is making strides forward, while most altcoins are still lagging behind. It's not always the case that Bitcoin's movement immediately affects the rest of the market; there might be a delay, like right now. Other cryptocurrencies will likely start to show some craziness; it just takes time for the trend to spread to others. Hopefully, we're anticipating an altcoin season once Bitcoin's movement settles down.

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Bitcoin's like a locomotive, if it starts moving, the rest will too. You should always focus on the father of cryptocurrencies, as is the norm in the cryptocurrency industry. Bitcoin's movement could indeed have a big impact on the rest of the market, when bitcoin's value rises, it can create positive sentiment, leading to increased interest in other cryptocurrencies.

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Currently, bitcoin is considered by the real world to be a technology asset, so it is normal for it to follow the movements of this branch of the market, so it makes sense to follow and be influenced by these specific markets

Adreman23

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In comparing the cryptocurrency market to the traditional financial market based on my observations, it's evident that the cryptocurrency market, particularly Bitcoin, tends to be more volatile than its traditional counterpart. This volatility is especially pronounced during bull runs, influencing the upward movement of altcoin prices as well.

Reflecting on the example you provided about Bitcoin's sharp decline in 2018 and its potential impact on the stock market, it's plausible that market reactions were influenced by people's anxieties during the global financial crisis, rather than solely being a result of Bitcoin's price drop. It's a reminder that market sentiment and external factors can play a significant role in shaping financial landscapes.

In considering the current situation, it appears relatively stable. To stay proactive, it might be beneficial to adopt a habit of staying informed through news sources. This way, we can better prepare ourselves for potential economic downturns or recessions in the future. A proactive and informed approach can empower us to make sound decisions in the ever-evolving financial landscape.

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Bitcoin is the first and king of all crytocurrencies. If btc price is up, then all of coins are following the coins to grow up. I am not worry about rising of btc price at all. I always say that the price of btc is going up more than we think.

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Quote from: yawars20 on December 06, 2023, 06:53:21 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.

That's right and let's take an example in Gold. look at the price of gold just 2 days ago it was trading at $2,019.17, down 0.48% this session, while Bitcoin is currently up 4.09% meaning it is always inversely proportional to the price of BTC. If gold rises, BTC falls and if BTC rises, the price of gold also corrects.

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Quote from: Miles2006 on December 07, 2023, 03:33:45 AM

This thread would have been in the Bitcoin Discussion Board. Op you can still take it to that place, if you can do that, though I am not also perfect in it. As it was said by others other coins follow the trend of bitcoin whenever it rise up. And because of the value it has, people like to invest it and bitcoin has made some young people to become millionaires. Even as bitcoin is rising up, some of the altcoins are still stable and they are not moving up. So people are not ready to invest in them.

Nah I guess this topic can be posted either way as he is also talking about the majority of the cryptocurrency market and altcoin.
The reason why most of the alts in the market tend to follow bitcoin's price action is because of their value are also based with bitcoin and most of them can mainly be bought or trade with bitcoin as well, especially in a crypto exchange. So, that means most of the altcoins in the market are bought through bitcoin and not with fiat. The usual process of purchasing your alts is Fiat to Bitcoin to Altcoin. Therefore, basically it isn't just the hype that bitcoin brings to the market that altcoin price tends to follow, but there is actually a significant reason for it.

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Quote from: jrrsparkles on December 06, 2023, 11:39:19 AM

Quote from: yawars20 on December 06, 2023, 06:53:21 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.

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Quote from: yawars20 on December 06, 2023, 06:53:21 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 truth is obvious because we all understand that the majority of the market capitalization belongs to bitcoin, and any fluctuation in it will affect the price of Altcoin at any time. It's like pouring water into a bottle, then using the bottle to pour the water into cups, the operation of money flow in the market can be implicitly understood through that.

- Perhaps you are mistaken and overestimating the market size of cryptocurrency, which has never had any obvious similarities or connections with the stock market. The general stage of macroeconomics, and venture capital markets, will be much more volatile than traditional markets. And in fact, let's check again, because at that market stage, we all know that the investment bubble with crypto is mostly ICO ponzi, that sustainability is a small part, but on a macro level, the situation is that the market state at that time had also reached the threshold that needed adjustment.

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This thread would have been in the Bitcoin Discussion Board. Op you can still take it to that place, if you can do that, though I am not also perfect in it. As it was said by others other coins follow the trend of bitcoin whenever it rise up. And because of the value it has, people like to invest it and bitcoin has made some young people to become millionaires. Even as bitcoin is rising up, some of the altcoins are still stable and they are not moving up. So people are not ready to invest in them.

Publictalk792

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The price of BTC going up have a big impact on the market. Bitcoin become more valuable has made people interested in it and also investing in it and other cryptocurrencies. People are also looking for other options. But I think Bitcoin is the best option.

Btc is also important for the world. When the price of Bitcoin go up or down it affect regular financial markets too. This happened before in 2018 when Bitcoin go down so it caused stock markets all over the world to drop. This showed that the cryptocurrency market and the regular financial system are connected.

The situation right now is interesting. The rise in the price of Btc bring good things. It made more people to invest in cryptocurrencies. It will be interesting to see how the market changes and how the people in charge respond to this trend.

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Quote from: adzino on December 07, 2023, 02:05:13 AM

Quote from: jrrsparkles on December 06, 2023, 11:39:19 AM

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.

You mean like the coin you are right now promoting using your profile?

Yes, and a thousand others more.... Wink

I am not going to say invest on it just because I am promoting it, if they want then should only after their own research.

Let's say meme coin has no real use case apart from bump and dump.

A token project that claims, it is going to solve the deforestation, natural resources, blah blah has been only used for bump and dump.

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Quote from: yawars20 on December 06, 2023, 06:53:21 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.

Bitcoin does have a positive and negative impact on the market. Whenever we see the price of bitcoin going up, we also see some well known altcoins going up in price. There might also be situations where the price of bitcoin goes up, but reputed altcoins price don't change much and other lesser known altcoin price starts to go down. This is most likely because people start dumping their altcoins and invest it on bitcoin while also preparing themselves to invest in those top well known coins.

Quote from: jrrsparkles on December 06, 2023, 11:39:19 AM

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.

You mean like the coin you are right now promoting using your profile?

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Quote from: yawars20 on December 06, 2023, 06:53:21 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.

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. 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.

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There are a few altcoins that are pumping with the Bitcoin pump which means that the whole market is still not affected by this pump. Bitcoin has always been the driving force that keeps the market in green when it is in green and vice versa. As it approached halving which is scheduled to happen next year the market would go into red as it has been doing every time. Things can be different this time with Bitcoin ETFs and Ethereum ETF, we cannot be certain whether they will get approved. But, if they get then we might see more green and big pumps happening before the halving.

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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.

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Quote from: yawars20 on December 06, 2023, 06:53:21 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.

I mean, it's something that has happened more than once already I don't think there's much to think about it anymore? I wouldn't necessarily make it a guarantee that when Bitcoin goes up everything goes up, that's just a ticket to losing money but it is expected that the general trend for most coins will go up. The scale may differ though depending on the development of the project still and who knows, some coins might just drop it's price simply because of how bad it is. It's still dependent on the quality of the project behind the coin itself before it can even get swept by Bitcoin going up.

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