Does Altcoin price depend on BTC or ETH?? - page 23.

Dwi Winarto69

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Quote from: andika2018 on September 16, 2018, 08:26:55 PM

Quote from: wongdeso on September 16, 2018, 11:05:46 AM

Both of these coins (BTC and eth) are very influential on the value of other altcoins, and exchanging all the coins can go through these two coins. So the ups and downs of these two coins are very related. Btc and eth will be top coins and have developments that will continue to improve.

Its true, most pairs on exchanger using bitcoin and ethereum as main pairs. Most altcoin price depending on BTC/USD and when the price that pairs increase, most altcoin price increasing too

This is the pair that will continue to influence the value of the altcoin, and indeed Altcoin uses btc / usd in a benchmark price on ico or the market.
If btc rises and falls then Altcoin continues to follow it and this is also on demand. When looking at btc and green eth, other altcoins turn green except for altcoins which are adjusted to their communities.

sniper_ann

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In my opinion, the price of most coins is greatly influenced by bitcoin and market news. This can be seen from the fact that ETH prices have dropped a lot, but Bitcoin prices are relatively stable.

jonsnow29

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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. It the price of Alts depends with the movement of BTC and ETH. But sometimes, a very good announcement or news from a certain makes the price go up even in bear market. There are lots of factors affecting aside from BTC and ETH price.

BertoloyBTC

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I think yes ,the price if altcoin depends on bitcoin and ethereum, this is because this two coins are the leaders in the market board and when there is sudden price value falldown of coins it will start with bitcoin and ethereum then it follows the other altcoins in the market cap.

tessaphin

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Look at the cryptocurrency chart. You will see that the Bitcoin compilation climbs the hill, tokens that always spin after that. When BTC decided to fall, Altcoin became cheaper.

reality18

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A lot of factors come to play in determining the price of altcoins on the market, ranging from the attitude of sellers and buyers on the market to the influence of governments, banks and the media in causing FUD. The pricing can be affected by BTC and ETH for a short term because most of the altcoins are paired to these two coins. Any fall in the price of these two coins affects the coins paired to them until the sellers and buyers correct the prices on the market.

andika2018

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Quote from: wongdeso on September 16, 2018, 11:05:46 AM

Both of these coins (BTC and eth) are very influential on the value of other altcoins, and exchanging all the coins can go through these two coins. So the ups and downs of these two coins are very related. Btc and eth will be top coins and have developments that will continue to improve.

Its true, most pairs on exchanger using bitcoin and ethereum as main pairs. Most altcoin price depending on BTC/USD and when the price that pairs increase, most altcoin price increasing too

Tiwasalvage

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Although prices doesn't depend on BTC or ETH. It rather depend on the market forces which demand and supply is part of it. Also the dumping rate of each coin goes a long way to influence the price of such coin.

Anastasyia

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Quote from: Portia12 on September 16, 2018, 07:52:06 PM

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 altcoins are depending on bitcoins because it was the first cryptocurrency that has been created and you will always notice that every time the price of btc pumps up every cryptocurrency is also rising.

I think so, but in my opinion it also depends on market demand or what you mentioned earlier. Bitcoin is the main coin and there are many people who know and become a benchmark for other coins, if Ethereum I think not because sometimes the price of Bitcoin rises Ethereum also does not rise.

Portia12

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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 altcoins are depending on bitcoins because it was the first cryptocurrency that has been created and you will always notice that every time the price of btc pumps up every cryptocurrency is also rising.

weiya006

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Yes, because Bitcoin and Ethereum are the largest base chains on the market today, Altcoin prices depend on them.

fuer44

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actually not dependent, but affected. because crypto market depends on supply and demands, while the highest demands on crypto are on bitcoin and etherum. so it's natural that the price of the two coins is very influential on the crypto market.

Memeicomel

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Quote from: NakiRR on September 04, 2018, 02:32:21 PM

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 whole market depends on BTC trend and of course that alts depends too, and yes, alts which were created on ethereum blockchain and trading first of all in ETH pair depends on ETH price if you are looking from fiat, ETH price grows/falls and alts price grows/falls too in same time.

the present development in accordance with the efforts and improvements continue to be done by Altcoin.
so this affects the price of the basic Altcoin and made Altcoin depend on the development of its own Altcoin.

masterrex

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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.

Good question in some aspect its yes! Since most of "Trading Pairs" aside from US$ dollars is base in this two Crypto Giants But its also base on demands from its Community of users and investors. As i notice that if bitcoin price was down its shows some chilling effect on the Market price as well so it means that it will affect but not as a whole.

Ureung jameun

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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.

in my opinion, the price of bitcoin depends heavily on bitcoin and ethereum. the more expensive the price of bitcoin and etherum, the more profit will be gained after exchanging.

carrascos

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I believe that all the prices of all money directly depend on bitcoin, since it is to bitcoin that investors have the greatest confidence

neulopdua

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in my opinion there are only a few altcoins that depend on BTC and ETH, it is because exchanges must be exchanged with ETH, but some other coins do not depend on BTC and ETH and if there is a price increase it will not be accompanied by ETH and BTC.

aicel

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Both of them are concern on how altcoins price works. Buy they are all depending on bitcoin's price. So if bitcoin price is gong down as well as the altcoins.

wongdeso

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Both of these coins (BTC and eth) are very influential on the value of other altcoins, and exchanging all the coins can go through these two coins. So the ups and downs of these two coins are very related. Btc and eth will be top coins and have developments that will continue to improve.

anilsaini.jaipur

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When Bitcoin’s market moves, everyone will start to trade out of or into alts, but via Bitcoin therefore resulting in a paralleled pattern between Bitcoin and many alt-coins. So yes the prices of alts depends on btc.

Topic: Does Altcoin price depend on BTC or ETH?? - page 23. (Read 139719 times)