Does bitcoin control the market? - page 13.

Babyrica0226

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Quote from: Rainbow009 on September 17, 2018, 08:34:18 AM

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

Its not the Bitcoin itself who controls the market, but of course it is still depend on the demand of the investors in it. Since bitcoin was a volatile we cannot says what would be the volume of it. Same goes with altcoins because of the volatility there are two things may happen always in the market which is Increasing and decreasing value.

ngano ba

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I believe bitcoin does not control the market,but it serves as reference in value to other tokens and altcoins in the market cap.,there are many factors in which the reason why the market is changing its price value ,and maybe there will be manipulation of some big capitalists in cryptocurrency.

Kainhighwind

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Quote from: Bigboygangmove on September 18, 2018, 03:12:06 AM

Quote from: ObsidianCharlie on September 18, 2018, 02:54:41 AM

It honestly wouldn't surprise me if more than 11 million Bitcoin are lost forever. 10 Million circulating supply is what I expect once hyperbitcoinization happens.

True, when I die my bitcoins will die with me.

Yes, people needs to work for bitcoin, not giving it away for free, even for relatives
Unless I could sell it at 100k lol

Bigboygangmove

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Quote from: ObsidianCharlie on September 18, 2018, 02:54:41 AM

It honestly wouldn't surprise me if more than 11 million Bitcoin are lost forever. 10 Million circulating supply is what I expect once hyperbitcoinization happens.

True, when I die my bitcoins will die with me.

Summerwalk

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Quote from: ObsidianCharlie on September 18, 2018, 02:54:41 AM

It honestly wouldn't surprise me if more than 11 million Bitcoin are lost forever. 10 Million circulating supply is what I expect once hyperbitcoinization happens.

Accumulate until crysis. Others will accumulate from you later for higher price Cheesy

Haunebu

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www.Crypto.Games: Multiple coins, multiple games

Quote from: darthmaul on September 18, 2018, 01:05:40 AM

There is some sort of indirect relation between the bitcoin and altcoins. I am saying indirect because its been only when there is movement of the bitcoin upwards then altcoins are traded on larger volume for buying more bitcoin. The end result is very very simple here, bitcoin gets pumped more and altcoins ultimately starts dropping. This way we think that bitcoin movement is actually controlling the rest of the market. But this is nothing but the act of buying and selling which happens hand in hand with the two currencies and they affect each other. Thats what I get it from the current scenario.

Isn't it obvious? We have observed this through out history and there is nothing surprising about this at all. Bitcoin and altcoin values are indirectly related to each other where altcoin values tend to be directly proportional to Bitcoin value majority of the time.

Both altcoin and Bitcoin values are inversely proportional to each other minority of the time. There is nothing surprising about this since Bitcoin usually dominates a big portion of the market which is why altcoin values fluctuate along with it.

ObsidianCharlie

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It honestly wouldn't surprise me if more than 11 million Bitcoin are lost forever. 10 Million circulating supply is what I expect once hyperbitcoinization happens.

baghdatis1990

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Miracle Tele

The altcoins price is influenced by the oscillations prices for bitcoin or ETH. The two are pioneers on the crypto market and the other alcoins are heavily influenced by them.

koincik

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★Bitvest.io★ Play Plinko or Invest!

Looking at the daily yes certainly prices are linked to Bitcoin. But if we look for the long process, we can say this is a little variable. For example, the price of the Dogecoin rises as all the altcoins fall, depending on the price of Bitcoin. Because there is an improvement in Doge right now.

Farma

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Quote from: vfrcbv911 on September 18, 2018, 01:53:42 AM

I think that bitcoin still significantly affects the price of altcoins because the price of bitcoin sets the General trend of the market.

you're right, the current development actually refers to bitcoin, and eth. however, the influence of bitcoin on eth is really big so other altcoins are also affected. so I think, bitcoin really controls the market.

vfrcbv911

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I think that bitcoin still significantly affects the price of altcoins because the price of bitcoin sets the General trend of the market.

reda

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Yeah. If bitcoin is dikes market price goes down. So people check the bitcoin price in the marketplace. The marketplace is important for all business process. So don't lose the coun and time to buy and sell it. People get the more good opportunity for business improvement. Market price is important of the all business project. If market price is down then shared market price also down. So follow the market price then plan to work.

Gaetana143

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hi i'm new this coin what is the use of this coin and what is the special features?

jose111

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Quote from: Rainbow009 on September 17, 2018, 08:34:18 AM

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

Actually the movements in the cryptomarket are not only based or depends on bitcoin fluctuations and movements because not only bitcoin are there in the market there are a lot of different coins and tokens that we've founded there. Maybe there are some beliefs that btc are manipulating the movements in the market it maybe because it's because this coins are considered the main cypto in the market that as a big influence and impact rather than the other cypto but it's doesn't means that really bitcoin are manipulating the market because for sure the cryptomarket has it's own system that manages it's own movements.

enjotan

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I think bitcoin is controlling the market, because bitcoin is the king of crypto and the benchmark for all altcoin prices, the value of bitcoin has a big influence on other coins, when the price of bitcoin falls, the price of another coin decreases.

Thecryptocurrency09

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Quote from: Rainbow009 on September 17, 2018, 08:34:18 AM

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

It is not really the bitcoin that affects the market. Maybe it could somehow be the factor but not really and not directly. What I am sure of is that the investors are the one who does contribute a large factor in the market.

hdtqisg

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Bitcoin does not control the Market, Bitcoin is the only unit that compares the value of the altcoin and token! When Bitcoin prices change, the price of altcoin in bulk changes. Big investors affect Bitcoin and altcoin!

darthmaul

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There is some sort of indirect relation between the bitcoin and altcoins. I am saying indirect because its been only when there is movement of the bitcoin upwards then altcoins are traded on larger volume for buying more bitcoin. The end result is very very simple here, bitcoin gets pumped more and altcoins ultimately starts dropping. This way we think that bitcoin movement is actually controlling the rest of the market. But this is nothing but the act of buying and selling which happens hand in hand with the two currencies and they affect each other. Thats what I get it from the current scenario.

Ridersss

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Quote from: Rainbow009 on September 17, 2018, 08:34:18 AM

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

I think the various types of cryptocurrency currently available are the same as various currencies currently in circulation. various kinds and different values. it could be that people think bitcoin affects the market, like the USD which is very influential on this world. so how does someone's point of view look at that.

surfer43

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Quote from: Rainbow009 on September 17, 2018, 08:34:18 AM

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

I dont think that bitcoins control the markets but instead the markets control bitcoins sometimes. Markets are really much huge and also there are a lot of pheneomenons which affect the markets. Several FUDs and news too affects bitcoins and the markets easily.

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