Does Altcoin price depend on BTC or ETH?? - page 45.

LavernB

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Quote from: r_u_m_s on July 06, 2018, 02:53:28 PM

Absolutely all crypto-currencies are now very much related to the bitcoin price. If bitcoin falls, then the price for almost all altcoins falls behind it. Over time, I think the situation will change.

The market is well connected and if the biggest coin loses it's market cap then the rest will follow as we've seen so far. But the market is recovering and I expect nice profits from alts in the near future.

r_u_m_s

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W12 – Blockchain protocol

Absolutely all crypto-currencies are now very much related to the bitcoin price. If bitcoin falls, then the price for almost all altcoins falls behind it. Over time, I think the situation will change.

thanhly0760

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It is true, all altcoin prices depend on the price of bitcoin and ethereum. because bitcoin and ethereum are very widely used altcoins for the exchange of fiat currencies. Moreover, many altcoin or ico currently use bitcoin and ethereum as their coin storage.

shulc7

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Quote from: JamescrypTrader on May 28, 2018, 01:58:03 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 top altcoins follow each others. That’s reality of modern cryptocurrency market. And I am not disappointed by such situation at all. I use it for greater profits in future.

C. Bergmann

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Quote from: matchi2011 on July 04, 2018, 09:32:40 AM

Quote from: Bitcoinjheta on July 03, 2018, 04:11:55 PM

Quote from: Pumuckel21 on July 02, 2018, 12:51:08 PM

Yes altcoins depend at teh bitcoin price at the moment very massive. If the bitcoin is getting stronger, i am pretty sure most altcoins that have an working product are rising as well

Fully agreed, this what happend if the ICO is being develop and supported with ethereum wallet address or ERC20 which it varies its value in bitcoin and ethereum price movement causing there value will rising and falling in every situation happend in the world digital market.

The fact that the developing progress in major industry still relied with both btc and ETH this fact still remains, alts will be able to move away after
adoptions and major acceptance to its target venue already been established, but as long as the alts till engaged with btc and eth the market will
still move according to what direction this two well known crypto will go.

ETH and BTC was the greatest exchange at market that almost all coin are compatible to exchange to the token into btc/eth. This both coins was fully powerful that anyone can affect when the price getting low because when you see that a one coin does still rise but when the bitcoin and ethereum was low, the price was stabled at the dip price.

jpnl0002

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all atcoins takes it price reference from either its trading peer or its blockchain coin, that is for cases where it happens to be a token, and the two most popular trading peer happens to be the bitcoin and the ethereum coin with ethereum been a Decentralized application, it can also have loads of tokens under its coinage.

Boloton

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Quote from: Politkiw on July 04, 2018, 10:10:08 AM

The price of altcoin depends on bitcoin, the price of Ethereum also depends on bitcoin, when the price of bitcoin falls,the price of all altcoins also falls.

Yes everything here is complicated, as bitcoin affect the entire market and the market affects the Ethereum and the Ethereum affect the bitcoin. With the last few people will agree, but it is so. Ethereum is an alternative to bitcoin and when Ethereum is bad or good, many people run over from bitcoin to it or Vice versa.

Politkiw

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The price of altcoin depends on bitcoin, the price of Ethereum also depends on bitcoin, when the price of bitcoin falls,the price of all altcoins also falls.

Matteo.b

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Absolutely as i wondering in many situations happened. Just like in 2017 the higher value of bitcoin simultaneously some altcoins got pump up likewise. The movements price of alcoin is depend on the btc.

matchi2011

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Quote from: Bitcoinjheta on July 03, 2018, 04:11:55 PM

Quote from: Pumuckel21 on July 02, 2018, 12:51:08 PM

Yes altcoins depend at teh bitcoin price at the moment very massive. If the bitcoin is getting stronger, i am pretty sure most altcoins that have an working product are rising as well

Fully agreed, this what happend if the ICO is being develop and supported with ethereum wallet address or ERC20 which it varies its value in bitcoin and ethereum price movement causing there value will rising and falling in every situation happend in the world digital market.

The fact that the developing progress in major industry still relied with both btc and ETH this fact still remains, alts will be able to move away after
adoptions and major acceptance to its target venue already been established, but as long as the alts till engaged with btc and eth the market will
still move according to what direction this two well known crypto will go.

JamesR1

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Yes altcoin price depend on bitcoin only (BTC) also consider Eth price is moving in regard to btc price movement per day or month that come from investors convert money to usd in order to buy bitcoin again .

fedor3327

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Passionate about Crypto

There is an effect on ALT coins because many exchanges use ETH and BTC to trade against.

However when the ALT has its own development or under development the price will not be effected. Up or DOWN.

thaokhuyen08

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Sure. Most transactions are through through ETH and BTC pair. Each when the variable , BTC or ETH shrink will drag in the down

HoundRogerson

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Yes, now the whole market depends on the price of bitcoin. It seems to me that it will be very good when all the coins can get rid of such dependence

dark08

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Quote from: LavernB on July 04, 2018, 09:15:03 AM

Quote from: meejay on July 03, 2018, 04:23:56 PM

Hi there,

Altcoin prices are highly correlated with BTC prices. BTC is the king which determines the direction of the others namely altcoins. There is a reason why the others are named "altcoins".

Kind regards,

I wouldn't say it that way.
The reason they're regarded as alternative coins = alt coins is because the BTC was the first coin and all the rest are alternative to him.

Because of btc pair most altcoin are depend on what happen to bitcoin price if bitcoin go down then most altcoin comes step and go down but not all altcoin depend on bitcoin theres a few altcoin that independent on price which is manipulated by big whales in the market

LavernB

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Quote from: meejay on July 03, 2018, 04:23:56 PM

Hi there,

Altcoin prices are highly correlated with BTC prices. BTC is the king which determines the direction of the others namely altcoins. There is a reason why the others are named "altcoins".

Kind regards,

I wouldn't say it that way.
The reason they're regarded as alternative coins = alt coins is because the BTC was the first coin and all the rest are alternative to him.

meejay

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"Venture into Sports"

Hi there,

Altcoin prices are highly correlated with BTC prices. BTC is the king which determines the direction of the others namely altcoins. There is a reason why the others are named "altcoins".

Kind regards,

Bitcoinjheta

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Quote from: Pumuckel21 on July 02, 2018, 12:51:08 PM

Yes altcoins depend at teh bitcoin price at the moment very massive. If the bitcoin is getting stronger, i am pretty sure most altcoins that have an working product are rising as well

Fully agreed, this what happend if the ICO is being develop and supported with ethereum wallet address or ERC20 which it varies its value in bitcoin and ethereum price movement causing there value will rising and falling in every situation happend in the world digital market.

coric

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ExToke - Fee Free Trading

I think every coin depends on bitcoin. Even ethereum also depends on bitcoin. Bitcoin is the first invention in this field. It has popularity more than any or all altcoins. If the bircoin price goes down then all altcoins price will down too. It is very simple matter nowadays.

profit-shooter

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Hi, buddy. Actually, altcoins price depend only partially on BTC and Ethereum price - the most important force is demand and offer in BTC, Ethereum or USD. Crypto market is a speculative entity at present that is why demand and offer are the main moving factors. In this respect, technical analysis can show you the most relevant support levels for altcoins!

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