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Topic: Does Altcoin price depend on BTC or ETH?? - page 7. (Read 139684 times)

legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
February 14, 2019, 05:37:05 AM
although ETH is also pair that is often used in exchanges but ETH will not affect the increase in altcoin prices and most influential one here is Bitcoin, if bitcoin experiences decline in prices then ETH and other altcoins will also experience it.
for ETH, I think that only affects coins that have an ETH platform. but for bitcoin, sometimes many altcoins have low prices because the price of bitcoin goes down, and vice versa. it depends on the circumstances.
full member
Activity: 1064
Merit: 110
February 14, 2019, 05:35:46 AM
First of all, Bitcoin is a kind of benchmark in the market, a change in the price of Bitcoin signals the beginning of the price movement, and the entire market moves along with it.
member
Activity: 378
Merit: 10
February 14, 2019, 05:29:27 AM
Every coin on the crypto currencies market depends on Bitcoin because of an extremely high market dominance of BTC. All tokens that are based on Ethereums blockchain depend on the main coin as well.
jr. member
Activity: 319
Merit: 1
February 14, 2019, 05:22:49 AM
For sure altcoins is also depend on bitcoin only because ethereum also is following bitcoin at his price and same to  other altcoins to also.
full member
Activity: 1050
Merit: 100
February 11, 2019, 06:53:42 PM
although ETH is also pair that is often used in exchanges but ETH will not affect the increase in altcoin prices and most influential one here is Bitcoin, if bitcoin experiences decline in prices then ETH and other altcoins will also experience it.
member
Activity: 749
Merit: 13
February 11, 2019, 06:45:57 PM
For new altcoin ,BTC and ETH is very influential because new altcoin community not too strong and there has been no new innovation. So BTC and ETH like a parent whose children will follow the direction of their parent. When the price of BTC and ETH good it will also make altcoin underneath growing pretty good. But if the altcoin is already widely known and have a team or partnership, BTC and ETH are no longer guidelines strong for them.
full member
Activity: 518
Merit: 100
https://saturn.black
February 11, 2019, 06:35:45 PM
It always seems that way but I have noticed that even the coins that are not even traded against those two pairs tend to rise or dip when those two rise or dip, they are just the kings of the market.
These coins dictate the movement of the entire market and it has long been obvious that all other projects depend on their falling or rising prices, even the worst of them can grow in price due to bitcoin
member
Activity: 280
Merit: 11
February 11, 2019, 11:08:40 AM
I was trying to study the 52% dominance bitcoin has over altcoins, as reported by CMC today and i got to know that the prices and growth of both bitcoin and ethereum have effect on other altcoins, even though it is  not a total effect. if the price of bitcoin should increase today, due to a bull run, other coins will surely move in an upward direction.
copper member
Activity: 157
Merit: 0
Best solution for smart cities
February 11, 2019, 10:04:19 AM
It always seems that way but I have noticed that even the coins that are not even traded against those two pairs tend to rise or dip when those two rise or dip, they are just the kings of the market.
jr. member
Activity: 190
Merit: 1
February 11, 2019, 09:21:18 AM
Yes the bitcoin directs the price of altcoins and altcoins depend on bitcoin and the ethereum also depends on altcoins, in other words altcoins and ethereum depend on bitcoin which is the price dictator of those two.
member
Activity: 309
Merit: 10
February 11, 2019, 08:37:38 AM
no it's not, all depends price on the natural demand that occurs in the market, but if bearish comes then of course all coins will fall.
but maybe there will be someone who says it all only depend bitcoin but I don't agree.
full member
Activity: 1382
Merit: 105
February 11, 2019, 08:28:29 AM
Yes but all Altcoin are not depend on BTC and ETH ,some Altcoin price ups and downs according to their demand , so we can say most of altcoin are depend on BTC not on ETH.
jr. member
Activity: 152
Merit: 7
February 11, 2019, 07:45:08 AM
If we want to link the price of alts to bitcoin yes it is linked but why,
Practicaly:
Normaly as trader i monitor bitcoin price, if it is going to dump i sell alts and i turn to fiat, so this process will cuase alts dump and vise versa happen when bitcoin go up i buy bitcoin and start buying alts.

Logic , alts price is not linked to bitcoin but becouse of the process of caching usdt before bitcoin dupm that couse alts price to dump. But not all.
full member
Activity: 228
Merit: 100
February 11, 2019, 06:51:41 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 that Yes, most altcoins are drawn or, on the contrary fall behind the top coins, ie in the first place for Bitcoin, and just behind Ethereum. I think this situation should be corrected in some way, because in my opinion every coin should exist in this market with its own life, and not depend on the majority.
sr. member
Activity: 1666
Merit: 268
February 11, 2019, 06:44:15 AM
So far price of altcoin tends to fall because mother of coins bitcoin has decreased, as well as ethereum, but that doesn't always happen, sometimes some potential coins prices don't follow Bitcoin price, even though price bitcoin  drops dramatically, I know that
jr. member
Activity: 518
Merit: 1
February 11, 2019, 06:20:42 AM
To great extent, it is true the alt coins are mainly dependent on Bitcoin and Ethereum, but when price falls of BTC or ethereum, alt coins fall much larger than BTC and ethereum, but if they grow, the price of alt coins grow much more than BTC or Ethereum.
member
Activity: 518
Merit: 10
February 11, 2019, 06:19:19 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.
Well, I think most depends on bitcoin, if bitcoin begins to fall and then the whole cryptocurrency begins to fall, and Ethereum including, all cryptocurrency sharpened under bitcoin
jr. member
Activity: 434
Merit: 2
February 11, 2019, 06:04:10 AM
we can actually say that altcoins price depend mostly on BTC because ethereum itself is also altcoin, though a fall and rise in the price of ethereum tend to affect some altcoins.
member
Activity: 714
Merit: 14
February 11, 2019, 06:01:02 AM
To some extent, some of the altcoins on the market is influence by the price movement of either Bitcoin or Ethereum. Why this? This is because on most of the exchanges, it appears that almost every altcoin is paired with either Bitcoin or Ethereum, hence in the event when the price of either BTC or ETH falls, the value for those altcoins also fall unless traders change their sell and buy orders to suit the actual price and value of the coin.
There are other factors such as good or bad news which can also affect the price of a coin.
sr. member
Activity: 686
Merit: 251
February 11, 2019, 05:57:19 AM
What you talking about bro? Ethereum is Altcoin, but if you asking what is better Bitcoin And Ethereum, i think Ethereum is very good asset investment for now. And if you want to invest your money i think ethereum is the best choice for you.
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