Topic: Comparison of Bitcoin price fluctuations with other coins. (Read 548 times)
It's a reality that altcoin runs with the movement of Bitcoin. When Bitcoin pumps altcoin pumps. When Bitcoin price dumps other coins also dumps. Beacuse Bitcoin is the king of all other coins. It is the first crypto currency of the world. So other altcoins are linked with their price movement. When Bitcoin price get stable and move in a side ways movement. Then other altcoins will move. So, it is truth that altcoin price fluctuate with the Bitcoin price.
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Bitcoin and all the other Altcoins that are now the price of all coins is going to be love. Because the market conditions are so bad now that you can never imagine. Therefore, we urge all investors that only you can bring the market to the right place. Bitcoin is related to other coins. See if there was a project which could cause a change so much so that the entire economy could be changed, there would be that coin becoming more popular than others at same time. But no such coin has existed yet and no altcoin would also not be that popular in the next few years.
Hence it is better to assume that Bitcoin will remain the top coinnin crypto and will not be overtaken by another technological advancement.
I would not say that it is the center because that is more of a human choice. Someone may like some altcoin but that is a personal choice.
ETH could actually be something that could be like that. I mean right now there are billions upon billions of dollars worth of marketcap all tied to ETH right now. Between the money in ETH itself, the TVL in the network, and the marketcap of the projects that are in the network, we are talking about EASILY half a trillion dollars. That is why I would assume that there is a good case to be made about the fact that we are looking at something that is rarely happens but ETH is definitely at that level.Hence it is better to assume that Bitcoin will remain the top coinnin crypto and will not be overtaken by another technological advancement.
I would not say that it is the center because that is more of a human choice. Someone may like some altcoin but that is a personal choice.
If ETH gets bankrupted to zero then the whole market would crash, and I mean like maybe even irreversible level as well, and yet it is not at the first place.
Yes, that’s a normal thing. But it is not all the coins that has a price relationship with Bitcoin, a lot of them can be entirely on a different route. You just say this because you have only been looking at coins like Ethereum, Stellar, and the rest of them that has a close price relationship with Bitcoin. If you’re looking at all the coins in the market, you will see that it is not all of them that would usually increase in value when Bitcoin does, so they are different.
Bitcoin might be going up, and these you’d notice that these coins will mostly be stable or losing their value as investors moves over to the bullish ones . When Bitcoin becomes bearish or stable, these coins will start doing better.
Bitcoin might be going up, and these you’d notice that these coins will mostly be stable or losing their value as investors moves over to the bullish ones . When Bitcoin becomes bearish or stable, these coins will start doing better.
You are right with that. I have seen a lot of alts that are not following the path of bitcoin. And you know what, most of them are those pump and dump coins.
Because the movement of their market depends on the team itself or investors of their project. So they don't care what's going on with bitcoin, as long as they are getting their goal of pocketing as much money as they can. But for most established alts like ETH, LTC and other top 10-20 coins, you will observe that their trend behavior follows btc movement. 
Yes, that’s a normal thing. But it is not all the coins that has a price relationship with Bitcoin, a lot of them can be entirely on a different route. You just say this because you have only been looking at coins like Ethereum, Stellar, and the rest of them that has a close price relationship with Bitcoin. If you’re looking at all the coins in the market, you will see that it is not all of them that would usually increase in value when Bitcoin does, so they are different.
Bitcoin might be going up, and these you’d notice that these coins will mostly be stable or losing their value as investors moves over to the bullish ones . When Bitcoin becomes bearish or stable, these coins will start doing better.
Bitcoin might be going up, and these you’d notice that these coins will mostly be stable or losing their value as investors moves over to the bullish ones . When Bitcoin becomes bearish or stable, these coins will start doing better.
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That's right, bitcoin does affect almost all altcoins, because bitcoin is like a crypto center and the beginning of crypto is also created because bitcoin, bitcoin is like the heart of crypto, I think it's only natural that bitcoin is the most popular of all altcoins, another reason because maybe it hasn't someone took over the position of bitcoin, so it is still the main one in the crypto market.
See if there was a project which could cause a change so much so that the entire economy could be changed, there would be that coin becoming more popular than others at same time. But no such coin has existed yet and no altcoin would also not be that popular in the next few years. Hence it is better to assume that Bitcoin will remain the top coinnin crypto and will not be overtaken by another technological advancement.
I would not say that it is the center because that is more of a human choice. Someone may like some altcoin but that is a personal choice.
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It's always been unclear of what causes that correlation in price with Bitcoin and altcoins but the biggest pointer has been the fact that altcoins are traded in Altcoin/BTC pair so it makes it super easy for them to be directly affected by everything that's happening with Bitcoin since BTC is their secondary pair. While doesn't happen all the time, it does for majority of the time.
That's true but there are coins that don't yet have Bitcoin pairs but still get affected by the movement of Bitcoin and this is because the whole cryptocurency industry is built around Bitcoin. If bitcoin fails tomorrow, I don't think the industry will survive or it will take a very long time before the industry recovers as trust will be lost. Traders look at the movement of Bitcoin before decision are taking in the altcoins market weather to sell or buy.
With this mentally, the market is automatically program to react to Bitcoin and couple with the fact that majority of the altcoins has the highest trading volume with Bitcoin. Untill recently the stablecoin pairs were not having much trading volume but that is picking up quick rapidly. With time, Bitcoin would be having less effect on the general market as the stablecoin pairs becomes a prefer choice of trading instead of Bitcoin.
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
let just say as it is constantly said "Bitcoin the King" yes that is true, all other cryptocurrency are reflection of bitcoin movement, they follows when the market comes up and down, most likely not all currencies though as it is elaborated on CMC while Bitcoin comes up most other cryptocurrencies looses and others gain as well.
And if you do the experiment you will see there is a very high degree of correlation between bitcoin and altcoins, does this means that they move in the exact same way? Of course not, but the timing and magnitude of the movements are extremely similar.
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Of course yes, most people make decisions for their coins depends on the price movement of Bitcoin and that's why we can see shitcoins rise when bitcoin is in bullish trend or vice versa. More the dominance then we can assume that it affects more but not every coin has directly proportional movement, some have inverse effects as well.When you say that some use the inverse of bitcoin, you are correct but some funny things still use to happen when you look at it carefully. If bitcoin crashes they will all follow him but if bitcoin is doing bull run they will not follow
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
let just say as it is constantly said "Bitcoin the King" yes that is true, all other cryptocurrency are reflection of bitcoin movement, they follows when the market comes up and down, most likely not all currencies though as it is elaborated on CMC while Bitcoin comes up most other cryptocurrencies looses and others gain as well.
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Price could neither have some correlation or not but we know that Bitcoin is the trend setter and this had been a main indication on where the market could possibly go.It might not be all the times but this is where altcoins do really depend on and the market could really move on basing on what Bitcoin is been doing and we know that the community is the ones who do make out such decision whenever they do seedecline then they do tend to switch to bitcoin due to buying opportunity and some do switch to usdt or stable coin to protect their asset.
It's always been unclear of what causes that correlation in price with Bitcoin and altcoins but the biggest pointer has been the fact that altcoins are traded in Altcoin/BTC pair so it makes it super easy for them to be directly affected by everything that's happening with Bitcoin since BTC is their secondary pair. While doesn't happen all the time, it does for majority of the time.
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Price could neither have some correlation or not but we know that Bitcoin is the trend setter and this had been a main indication on where the market could possibly go.It might not be all the times but this is where altcoins do really depend on and the market could really move on basing on what Bitcoin is been doing and we know that the community is the ones who do make out such decision whenever they do seedecline then they do tend to switch to bitcoin due to buying opportunity and some do switch to usdt or stable coin to protect their asset.
Indeed, the fact that Bitcoin price movements affect the prices of most altcoins, so Bitcoin price movements are an indication of when there is
a bull market and a bear market. That's why so many people who invest in crypto expect the price of Bitcoin to recover, because if the price of
Bitcoin goes up, it will make the price of altcoins also go up. And vice versa if the price of Bitcoin drops, it makes the price of altcoins go down too.
Now that we can see the price of Bitcoin surprisingly rising to the price of $40k, this has finally made the price of altcoins go up as well. Hopefully
the price of Bitcoin can still go higher, because to make sure it has now entered the bull market, Bitcoin price should at least rise above $45k price,
if that happens it will attract the attention of many investors to enter the market and push the price of Bitcoin to go higher.
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Price could neither have some correlation or not but we know that Bitcoin is the trend setter and this had been a main indication on where the market could possibly go.It might not be all the times but this is where altcoins do really depend on and the market could really move on basing on what Bitcoin is been doing and we know that the community is the ones who do make out such decision whenever they do seedecline then they do tend to switch to bitcoin due to buying opportunity and some do switch to usdt or stable coin to protect their asset.
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Obviously, it's no hidden truth in this market, even a newbie in the market knows this. When bitcoin is bullish, you would see all the coins soaring to new highs each day while if the market falls and bitcoin becomes bearish you would see every coin seeing new lows each day and falling even harder than bitcoin itself. This is why I suggest every mid term trader should always keep at least 50-70% of their portfolio in bitcoin only to make sure you don't fall for the trap of the bear market, when the market would fall your portfolio would look too red if you are not having a heavy proportion in bitcoin and whenever market will start to rise it will always start with bitcoin rising first. whenever the price of bitcoin increases a lot, the price of altcoin also increases much more than bitcoin and this makes buying altcoin very profitable
But you don't think that it is the volume of unit of altcoins acquired that plays a fast one like the profit are much for altcoins. This is what I think, altcoins are cheaper and acquired in huge unit this makes it look like it is too much in profit. Example you won't compare the volatility of a million coin in your wallet and 5 btc in your wallet also. That of altcoins volatility will be higher.
the fluctuation between bitcoin and other altcoins is scary for example:
when the price of bitcoin falls a lot then the price of altcoin there in relation to the price of bitcoin and at the same time the price of altcoin falls in relation to the price in dollars, this causes that whenever the price of bitcoin falls a lot, altcoins fall much making altcoin more dangerous, but on the contrary it becomes valid, whenever the price of bitcoin increases a lot, the price of altcoin also increases much more than bitcoin and this makes buying altcoin very profitable
when the price of bitcoin falls a lot then the price of altcoin there in relation to the price of bitcoin and at the same time the price of altcoin falls in relation to the price in dollars, this causes that whenever the price of bitcoin falls a lot, altcoins fall much making altcoin more dangerous, but on the contrary it becomes valid, whenever the price of bitcoin increases a lot, the price of altcoin also increases much more than bitcoin and this makes buying altcoin very profitable
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Of course yes, most people make decisions for their coins depends on the price movement of Bitcoin and that's why we can see shitcoins rise when bitcoin is in bullish trend or vice versa. More the dominance then we can assume that it affects more but not every coin has directly proportional movement, some have inverse effects as well. 
All the Altcoins use to follow bitcoin movement and fluctuation. Bitcoin us the leader and bitcoin is a greedy leader.
Bitcoin isn't a greedy leader.It was there before these altcoins have been developed. Actually, there's even earlier development as a digital cash/ecash before bitcoin came but it's the one that has taken attention because it was made on time.
Whenever he is making bull run, all the Altcoins don't follow him to make the run. But if he is crashing all the Altcoins follow him.
It is actually following bitcoin's rise. Most altcoins are following the increase and that's why everyone likes to see bitcoin go up because they know that it's also impacting most of their alts. 
If you mean that Bitcoin affects the prices of other coins, this is absolutely certain. Bitcoin is the main driver of the whole market. When the Bitcoin rises, the rest of the currencies rise with it, and the same happens when it falls, when there is a dominance of Bitcoin on the market, the movement is all for Bitcoin and other coins do not move And when the dominance of Bitcoin decreases, this allows the coins to move more, so when you analyze any coin you must analyze the Bitcoin first.
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
there is no denying that almost all other coins always follow what happened to Bitcoin, I have seen this for a long time. Bitcoin is the market leader, almost all the top coins are experiencing the same thing with Bitcoin as it is today, maybe only Altcoins are a little different and don't last long basically the trend remains the same, almost all coins follow Bitcoin. Jump to: