Does Altcoin price depend on BTC or ETH?? - page 19.

mrkavasaki

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Quote from: jyotianand01 on November 11, 2018, 10:47:54 AM

All altcoins have correlated with bitcoin as bitcoin is the base currency of this market and whatever direction of its movement, the whole market follow the same trend and it is happening every time.

When the market drops, all eyes are on Bitcoin, so when Bitcoin increases or decreases, it affects all the remaining altcoins. Increasing Bitcoin is the only trend and wish of every investor today

team87

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To this day it is true, that the altcoin price is related to Bitcoin and Ethereum. But not all of this. Thanks

KRAUSS

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Altcoin price depends on Bitcoin and Ethereum price. This is because ALL cryptoexchanges have BTC market and almost all have Ethereum market. So it is obviously price depends on them )))

iamlds08

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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.

definitely no. the price of any altcoin does not depend on the price of btc or eth but on the marketcap of that certain altcoin. the higher the demand, the higher the price. altcoins now are independent.

Desmo

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More the price of all altcoins is influenced by bitcoin. He in general has the leading role in all market. But also a little also eth begins to influence but only because on his platform projects have been started.

Rijaalul Asyqoo

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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.

See the reality, when btc and eth rise, altcoin rises. Likewise vice versa when btc and eth go down then the altcoin also goes down, this indicates that the altcoin price depends or follows btc and eth.

pri3oner

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I have noticed that it does only if an alt coin project is stable silent and it's real (not scam). When roadmap is being observed and really good exchanges list that coin, everything makes the price rise.

ardentvolcanoes

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Quote from: accounting 181293 on November 11, 2018, 10:45:35 AM

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.

most are indeed bitcoin and ethereum which affect the prices of other altcoins. I see the dependence on bitcoin is still very large, so if bitcoin starts there are many altcoin movements affected. like now, we know that in the past few weeks, there has been a downward trend and see many altcoins are ERC20 average, also down.

Yes, we can't deny the fact that they are still indeed depend on how this two coins will move, especially bitcoin whatever directions this coin goes most of the time the affects are moving the alts and the market are just waiting for any updates, though ETH also affecting as most of new tokens are based with ERC20 so when ETH falls most of those coins are also falling in value.

jyotianand01

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All altcoins have correlated with bitcoin as bitcoin is the base currency of this market and whatever direction of its movement, the whole market follow the same trend and it is happening every time.

accounting 181293

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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.

most are indeed bitcoin and ethereum which affect the prices of other altcoins. I see the dependence on bitcoin is still very large, so if bitcoin starts there are many altcoin movements affected. like now, we know that in the past few weeks, there has been a downward trend and see many altcoins are ERC20 average, also down.

shaheer001

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I personally agree with your post,all altcoin are directly effected by BTC price and also ethereum price. and the proof is current market position as BTC and Ethereum are on bottom position.

pragna

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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.

Yes i think you are right. Most of the time when we want to sell or buy a alt tokens we see peers of alt/btc or alt/eth price. The alt coins price fully depends of total price of BTC or Eth of that time in market. But ultimately everybody finally convert into USD. So those who sell or buy altcoins in btc or eth finally calculate in USD. So USD is also a main factor here.

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Ethereum pricing depends on the performance of that of Bitcoin, just the way most altcoins depends on that of Ethereum.
In that case, i'll say that the price of the whole altcoin depends on Bitcoin.
That's why when bitcoin is not doing well, it affects every other crypto.

TamaraKul

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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.

Many analysts today agree that absolutely all altcoins depend on the current state of BTC and Ethereum. In the event of a fall in BTC, an active decline in the prices of many altcoins begins. Therefore, it is so important that BTC and Ethereum continue to develop steadily in the future - this is really important for the entire crypto market.

karanggatak

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indeed most altcoins are traded with bitcoin and ethereum. but in my opinion, not all altcoin prices rise and fall depending on bitcoin and eth. after I saw some new ico coins, and I did a research on the coin, I saw that there was no similar movement between the new coin and the bitcoin and ethereum movements. so in my opinion not all altcoins follow the movements of bitcoin and ethereum.

onyek16M

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Quote from: pochinkin_77 on November 05, 2018, 10:19:52 AM

Quote from: zedaq on November 05, 2018, 10:18:06 AM

Yes, the unique credentials of altcoins directly depend on what opportunities are now in the BTC and ETH projects. Of course, to a greater extent, many projects depend directly on BTC. It is clear and understandable that BTC is the lead project.

gjere are a lot pf different altcoins znd the polocy depends on the peopek who hazve developed it so it differs form one project to another

Altcoin does have increased development who are able to affect the price. so the Altcoin is able to reliably as major profitable coin. In addition to its development with ever increasing, it is also based on having the motivation to follow Bitcoin and Ethereum.

opalet

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Quote from: petermike on November 05, 2018, 11:03:06 AM

I will assure you that Bitcoin is the main reason which make the market price of crypto and Altcoins are severely affected. This is the downside of our crypto market when we can not afford the price.

The set of Altcoins decreases in the price at that time when the bitcoin stands still. I don't think that it is worth blaming for all reductions of price of Altcoins only falling of the price for bitcoin. Much also depends on the team of developers.

Lucas777

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It seems to me that all crypto market depends on bitcoin. The prices of all coins will grow if bitcoin cost begins to grow. And vice versa if the price of bitcoin falls, then and all tokens also begin to become cheaper.

Smitt

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Yes your opinion is correct, ETH and BTC greatly affect the prices of all altcoins because they are connected to each other in crypto transactions in exchange like the current state of prices when the price of the two coins decreases instantly all altcoins also have an impact to decline. From these facts, ETH and BTC show the price stability of all altcoins, and when the prices of the two coins go up, it is certain that the other altcoins will increase in price.

lotfipro

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The main rule of cryptomarket-If bitcoin is falling, altcoins are falling too. And if bitcoin is growing, altcoins are falling soon! This is the principe of work in crypto.

Topic: Does Altcoin price depend on BTC or ETH?? - page 19. (Read 139719 times)