Topic: Does Altcoin price depend on BTC or ETH?? - page 41. (Read 139684 times)

altcoin is highly dependent on bitcoin, because altcoin is a bitcoin pair and if the couple trades coins in ethereum, the price of ethereum depends on the bitcoin price as well. which means that the price of a coin depends on the bitcoin price. and If the bitcoin price increases, it will make the whole market green and if you see the price of bitcoin falling then all other altcoin prices in the market will also fall.

unfortunately yes even if i do not find it a good thing the price/value of the altcoin follows the one of the bitcoin personally i hope that sooner or later the two things succeed to detach

I think that price doesn't just depend on BTC and ETH, it has strong addiction to them. BTC and ETH are strongest cryptocurrecnies on the market and I think that market should be more independent from them.

for me altcoin is not dependent btc, but dependent on the interest or the investment, so if many are investing the altcoin price will be higher, it pendapay me, but if btc is very high price, and many of the interest so that the price is also high .

all I know is that Altcoin always depends on Bitcoin not on Ethereum because you also know if altcoin price always follow bitcoin movement until now and so now altcoin and bitcoin prices have not come back then from that many people who hold altcoin and wait for altcoin price again stable because if the price returns Bitcoin Altcoin price will also return

I think not, the price of altcoins depends on the number of enthusiasts and also the number of coins in the market. if the coins on the market are large then there will be a decline in prices, so the principle.

Most Likely all of Altcoins depends on Bitcoin price because almost all of them have a trading pair with BTC, that's why when the price of Bitcoin will go down all of the coins in the market will be affected and also go down that is the most simple explanation of your question.

The price of altcoins and their behaviour in the market depends primarily on bitcoin.  ETH, as well as other altcoins, react to the behaviour of bitcoin.  But altcoins do not always react to the growth and fall of bitcoin.  It is also important to pay attention to project news and technical analysis.

i am nkt sure how atrong this connection is, but i believe in this ans i tho k thet are connected in a way

well, there are a lot of opinions about it, i think that there is some kind of connection between them of courxee

Most altcoins operate on eth platform, so eth price affects these coins. Eth depends directly on the price of bitcoin. Bitcoin is the strongest cryptocurrency and its behavior affects the entire market. Bitcoin, being the dominant cryptocurrency can easily influence the prices of the altcoins and the whole market. 

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I do not think that this is so , the price of etherium does not affect the price of other altcoins

This is because the currencies are interlinked and create pairs. Most altcoins operate on eth platform, so eth price affects these coins. Eth depends directly on the price of bitcoin. Bitcoin is the strongest cryptocurrency and its behavior affects the entire market.

The entire market is very dependent on Bitcoin includes Ethereum. And if BTC ride will certainly be very enjoyable and this will make all Altcoin will also experience growth. Ethereum coins that are very active in the market these coins because crypto is more often used to Transact. ETH is a coin that is very well established and become a very good platform.

yes of course Altcoin price also depends on bitcoin prices, see the development of altcoin prices now also better than the previous price, so I'm sure we will also get a good profit because the price of altcoin every day increases the better.

It is better not to ground you decision based on correlations but strictly follow technical partners and support/resistance levels!

I think the trend of market conditions can be defined by the price of Bitcoin. If bitcoin rises sharply, the market will enter a bull market. If Bitcoin falls sharply, then the market will enter a bear market, which I have experienced.

Bitcoin is the king of all coins and will remain the king for a long time.
Bitcoin price determine the price of most coins, especially altcoins including
Etheruem.

i think it is since most ALTS are paired with BTC and/or ETH not USD so to sell you have to go ALT=>BTC/ETH=>USD and to buy you go USD=>BTC/ETH=>ALT i yhink they are correlated and that's why they tend to go up together and down together although to variant degree.