Does Altcoin price depend on BTC or ETH?? - page 11.

zachyboy090118

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Quote from: JamescrypTrader on May 28, 2018, 12:58:03 AM

Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

I think alts depend on bitcoin price. Even ethereum is is depending on bitcoin also, that why more people here in crypto looking bitcoin journey in price flactuation in the market. Correct me if Im wrong but thats what observe in cryptos changing of prices.

shulc7

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Yes it depends! And the price of bitcoin depends on the news but it is the strongest and for many years has won the trust of many investors. Undoubtedly bitcoin is the best investment.

terrific

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Quote from: libert19 on January 30, 2019, 11:23:24 PM

Yes. Most of cryptocurrencies price depends on Bitcoin, although its mostly in terms of fiat. Satoshi value tends to be same.

All crypto's depend to bitcoin's price.
This is a domino effect that others can't accept.
Bitcoin's price will increase in due time and alts will do too.

needtor22

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yes, all altcoin prices on the market depend on the price of bitcoin, so if the price of bitcoin goes down, the altcoin price also follows the price of bitcoin. so bitcoin is the king who is always ahead.

libert19

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Yes. Most of cryptocurrencies price depends on Bitcoin, although its mostly in terms of fiat. Satoshi value tends to be same.

belcini

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Quote from: JamescrypTrader on May 28, 2018, 12:58:03 AM

Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

The modern crypto market is still very young and small. Therefore, it is logical that such large cryptocurrencies directly affect the entire state of the crypto market. I really hope that starting next year we will see a general improvement in the crypto market with the rise in prices of Ethereum and BTC.

kogozer714

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I think that everything that happens in the market for altcoin is very dependent on the movement of Bitcoin, because bitcoin is a reference for the exchange rate of all crypto. even though it is ETH and other altcoins. even though not everything in the market depends on the rise and fall of bitcoin

gerjiss

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I think the scheme is simple. Altcoins depend on Bitcoin, but at the same time most of the tokens depend on Ethereum, which in turn depends on Bitcoin.

supine

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Quote from: Guvn0r on May 28, 2018, 10:20:02 AM

ALT coin’s value is highly correlated with the increase of BTC and vice-versa. Let’s add the USD to the ratio where ALT/BTC is also ALT/USD / BTC/USD. If people are buying more bitcoins then they are increasing the BTC/USD value. But since ALT is also rising, it means that BTC is also traded to buy ALT resulting in an increase of ALT/BTC which can also be translated to an increase of ALT/USD. The opposite is also correct, the decrease of ALT/BTC and BTC/USD together is a result of a quick sell of both BTC and ALT.

The prices are somehow correlated to ethereum and bitcoin since most altcoins are either paired with them or fiat currency. A little movement on the market price of ethereum and bitcoin also affects the prices of an altcoin.

Dacosta Osei-Tutu

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Once Ethereum and bitcoin continue to be the main trading pair for the altcoins, the prices of these two coins will continue to have some indirect effect on the other altcoins. Also any good news about these two coins also have a positive impact on the whole crypto market.

Babbylily1112

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From my observation, have noticed that Altcoin prices are hugely dependent on Btc and Eth that why when there is a dip in this two giants, the price of Altcoins is greatly affected

zulfi125

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As you know when BTC price goes up than altcoin also goes up but some altcoins are not relates with the BTC and they are running their own demand and supply.

Victorycoin

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Quote from: lehnelora on January 09, 2019, 11:44:10 PM

Bitcoin and Ethereum become coins that have great support in the market. All Altcoin are connected with Bitcoin and the crypto market price always follows the growth of Bitcoin and Ethereum. This will be more interesting because everyone focuses on Bitcoin and Ethereum.

All crypto are connected with ethereum and bitcoin but it does not mean that all time its price will increase decrease at with the ethereum or bitcoin.

tbossmitche

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I am of the humble opinion that majority of altcoins have their prices move in the direction where Bitcoin is moving. When the price of Bitcoin is on the rise, so is the price of altcoins and vice versa. This just points out the fact that Bitcoin is a dominant force in the cryptocurrency space due to it's position as the first of the lot and the trust that this cryptocurrency has garnered over time. The funny part is that some people even refer to all cryptocurrencies as "Bitcoin".

Uju4real

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Yea have come to understand that majority of altcoin prices are dependent on Eth and Bitcoin. When there is a rise in Bitcoin and Eth you find out that majority of the altcoin are also on the rise

Freescan

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maybe not all altcoins depend on BTC or ETH, I believe that is not entirely because the increase in coin prices depends on the interest of the is coin. more and more who buy these coins will certainly rise, besides is positive news also contribute to the increase in prices of BTC or other altcoins. the point is everything depends on market demand

Favouredhart

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In as much as some coins increases or gain value during the bearish market, it can not be ruled out that generally all the altcoin depend on Bitcoin or Ethereum. Especially when the price of bitcoin falls, it affects the market a whole lot or when the price of BTC rises, you will see sudden rise in the prices of altcoins

Mr.Noda

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Of course depends and depends, I will tell you directly. How Bitcoin behaves the way the whole market behaves. This is the writing of the truth already.

Fumzy

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Altcoins mostly derive their value of rise and fall from BTC especially those with btc trading pairs, they grow as btc grows and vice versa. Likewise ETH pairs but I doubt that ETH growth is solely dependant on BTC because they are instances when ETH exceeds BTC and BTC remains stagnant.

sirminesalot

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Quote from: JamescrypTrader on May 28, 2018, 12:58:03 AM

Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

said to be dependent you could say no but if the value of BTC or ETH experienced an increase in other coins will also rise also maybe now BTC and ETH are still the highest coins of value for crypto currencies

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