Does Altcoin price depend on BTC or ETH?? - page 34.

Hobo66

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Quote from: congresowoman on July 31, 2018, 04:58:13 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.

i think prices of bitcoin and ethereum affects the entire movement of the crypto market. Adding up to that, publicities also have direct correlation to how the market will also behave.

To me I think that it can be but not so much. I think that every coin has their own potential, in fact some time we can see that bitcoin price si regularly dumping but the price of some other altcoins are increasing regularly.

Nanagyasi

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Btc has long been the controller of the market such that as Btc falls, altcoins fall and vice versa. However, several other factors such the the amount in circulation also accounts to the rise and fall of the value of a particular altcoin.

Endorphinity

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dApps Development Automation Platform

The price of alternative coins depends very much on the price of bitcoin. If bitcoin falls sharply, then alternative coins become much cheaper. I think that everyone noticed this pattern.

GreatArkansas

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As I noticed, it is. Because the market dominance is almost 50% favor of Bitcoin as of now, and most of people are Bitcoin is the medium for buying altcoins, and for selling altcoins ,it is either Bitcoin or USDT (not so much). For me, it is really depending on the BTC and ETH also.

btcmmo9314

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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.

Bitcoin affects the whole market, as its price changes, ethereum and altcoin prices tend to change. That suggests Bitcoin is the king of the market, having a big influence on other coin

amia1864

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I think the price of altcoin is quite dependent on BTC. Whenever the price of the BTC fluctuates, the whole market will have the same sign immediately. This shows that the price of BTC has a lot of influence on altcoin.

Btcshawn2017

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Honestly, as a bounty hunters it feels like disappointing about the market price making big whales can do manipulating the value of bitcoin having the highest coins of all cryptos. And now sometimes can cause panic selling which affected by your mode attitude.

Nenacondr

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BTC is indicator of cryptocurrency`s situation, people start invest in crytpo when BTC looks good

artemdubina88

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All altcoin and even ether dance to the tune of bitcoin. I think that once he starts to show signs of life it will rapidly recover .

omar bakrie

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If I guess maybe we cannot set as the benchmark. because it is simply the ethereum and bitcoin coin is indeed first appears. So indeed it might impress more famous than others. However, not being a price reference for other coins.

Arrbuz

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The price depends on bitcoin and it really is . but why is this happening I don't quite understand

kinamotorami

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In my opinion, altcoin prices are more ETH dependent than BTC, because ETH is the main coin to buy tokens during the ICO period, so most tokens are more about ETH than the BTC, when ETH increases, the tokens also increase and vice versa

mandeepcrypto

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Bitcoin is the king of the crypto market When its price goes up all the altcoin price goe up and vice versa.It happen only because of investors.They have great trust in Bitcoin.

Deulealis

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I agree that recently this is particularly noticeable, just noticed that the price of tokens depends more on ETH than on BTC. But BTC also has a huge impact on the market as a whole.

Dhruvv1

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Simple math, ALT/BTC ratio would decrease if:
- ALT coin’s value drops (i.e. people are selling the ALT coin or trading it for BTC or other ALT coins).
and/or
- BTC value increases (i.e., more demand for BTC from various accounts including USD and ALT coin conversion)

Similarly, ALT/BTC ratio would increase if:
- ALT coin’s value increases (i.e. people are buying an ALT coin by trading BTC or other ALT coins).
and/or
- BTC value decreases (i.e., BTC is cashed out for USD or other currency or traded for ALT coins)

RushKing

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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'm not sure. But i guess the price of every alt coin is connected to the price of Bitcoin. Because some ICO become successful if the price of Bitcoin is high. That is only my analization.

lamadu3

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Quote from: hieuho381 on August 04, 2018, 11:55:32 AM

I think you may be right, altcoins nowadays are too much depends on the the price of ETH and BTC, i think it is because investors only care ETH and BTC as their main sources of long term income. They invest in altcoins only for profit and only when they have enough, surely they will dump other altcoins and get back to ETH and BTC.

I am not sure that the prices of altcoins really depend on Ethereum. However, Bitcoin does affect them. When BTC is growing, all the alts (most of them, at least) follow it. When it falls, the market is falling as well.

LaurenProfi

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Yes. The crypto market in General is special because it reacts to the same external factors, so in General, cryptocurrencies can move synchronously.

Ajani20

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At least majority of about 95% of the altcoins has their price change being controlled by bitcoin. When the price of bitcoin rise up, the price of the altcoins too rise; when the price of bitcoin drops, the price of the altcoins too drop. So bitcoin has exact its dominance on all the rest crypto coins due to being the father of crypto currencies. Bitcoin price is under red now in the market , likewise all other coins. Once bitcoin price comes out of red and starts increasing again; the altcoins too will start increasing thus giving us the insight of bitcoin influence over all the altcoins.

efremovma

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For now all coin prices are dependent on BTC only. If BTC price drops, all coins go down.

Topic: Does Altcoin price depend on BTC or ETH?? - page 34. (Read 139717 times)