Does bitcoin control the market? - page 3.

pharaon

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Quote from: Rainbow009 on September 17, 2018, 07:34:18 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.

Undoubtedly, there are exceptions and the price of some coins is growing or decreasing regardless of the price of bitcoin, but on the whole it is necessary to recognize that the market situation and the price of most altcoins still depends on bitcoin.

Obolo

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So far as most altcoins depend on bitcoin, I would say bitcoin controls the crypto market. You could realize that, whatever that affect bitcoin directly affect other altcoins. This is true for the fact that, anytime the value of bitcoin fluctuates, other altcoins also follow.

hanadaya

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In my opinion, Bitcoin has controlled the electronic money market. Bitcoin is the father of all changes. The value of Bitcoin has a big influence on other coins. Now, the value of Bitcoin and forcing all cryptocurrancy coins to fall.

Wonderced

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yes, many people do that bitcoin as currency of money to tolerate other people who not know bitcoin as currency, bitcoin is unfamiliar to other people but many people know bitcoin as possible doing.

bitfocus

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Yes, BTC is teh dominant in the Crypto Market.

Piggymonster

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I think bitcoin has a huge impact with regards to the prices of the altcoin because bitcoin is the top traded coin in the world. It is being said that bitcoin is the mother of all other cryptocurrencies then it has a relationship with other altcoins.

Kittygalore

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Quote from: ci1990 on September 17, 2018, 02:30:20 PM

Well I wouldn't say BTC "controls" the market.

BTC is the king of cryptocurrencies and it's not going anywhere soon.

Yes it is really the bitcoin who is the king of the cryptocurrency. But as I have observed, it is really the market who controls the bitcoin, and that market is the peple who are at the back of crypto, those are the investors or even the moderators. We are the one incharge to the changes happening in the cryptocurrency market. Or even in the price of bitcoin.

ji_blu

newbie

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I would say to a larger degree now, but it may possibly change in the future with new project. But for now, I would say the rest of the market follows Bitcoin's trajectory

Chrystora123

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Omicron is another FUD

the thought is wrong, Bitcoin does not control the market and causes the price of other cryptocurrencies to depend on it. Bitcoin is like just a price benchmark for example BTC/ETH, BCT/LTC or others and at this time the benchmark price has begun to change, many are based on ETH, USDT, or cryptocurrencies issued by the exchange.
but there is also a crypto coin whose price is strongly influenced by Bitcoin, that is Bitcoin Cash, just pay attention

lornadane

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Bitcoin doesn't control the market, but the crypto market depends on bitcoin moves. That's why when bitcoin price goes down, other coins follow bitcoin moves and go down! Bitcoin price moves happen for various reasons! Actually, no one controls the crypto market!

Metall303

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Oikos.cash | Decentralized Finance on Tron

I think the reason is that altcoins are traded mainly in pair with bitcoin, so when bitcoin price moves, the prices change accordingly

WUUEX79

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Xch4nge.com

Quote from: Rainbow009 on September 17, 2018, 07:34:18 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.

Maybe it's normal if every coin has a community in it and comes with the advantages of each especially in security breakthroughs. When one of the communities makes a purchase on one coin for example EXC, then the number of requests for EXC coins will increase and certainly only EXC coins will experience an increase in price. Perhaps it has become the stipulation of market law that the rise, and fall of each coin are determined, by supply and demand. So it's clear that the increase in the price of each coin, is not determined by bitcoin.

blackbold

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Quote from: Rainbow009 on September 17, 2018, 07:34:18 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 agree with your opinion, because altcoins have different roles and goals, so that each altcoin has its own target market so that it is independent of bitcoin because they have their own circulation, but, there are so much altcoins that are also determined by bitcoin price, because bitcoin is like god of crypto, if bitcoin market is slowdown, altcoin market will follow it

Ava Duvall

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Activity: 154

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Quote from: D3m1r4wanti on September 26, 2018, 06:33:55 AM

no, I'm not sure if bitcoin controls the market, as evidenced by the current state of prices, when bitcoin prices slowly increase, there are still many altcoins that are still falling.

I agree with you - it doesn't . many factors do but bitcoin is more affected by the market then the one controlling it.

jeepuerit

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Activity: 306

Merit: 15

Quote from: Rainbow009 on September 17, 2018, 07:34:18 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 my idea is not Bitcoin the market regulator, because bitcoin is used only to convert different currencies, I think people still control the market or big investor. because it's depressed with people's demand.

gooryheta

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I don't think so, no one can control bitcoin market. If satoshi (the founder of bitcoin) here I guess he can't control it too

btcnijuan

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Yes bitcoin controls the market but not all, there are some crypto coin that suddenly have a large movement but other coins and bitcoin doesn't. It is the holders and investors who are controlling the market

raidarksword

member

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Yes, indeed. Bitcoin is top crypto currency which means it has the most vital aspects on how market move the uptrend and downtrend everyday on trading and also altcoins are dependent on bitcoin's price. So bitcoin really has the over control over the market and most bitcoin holders such whales are really having a good time because even them they can manipulate the market trend.

Keyboard PC

hero member

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I think that controlling the price movements of all cryptocurrency including bitcoin depends on the presence of buyers and sellers, if it doesn't exist it seems like it will be very difficult to control the price of bitcoin.

Salesman4coinZ

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I would say of course bitcoin is controlling the market. The problem is, that they are so less people who own the biggest part of bitcoins. SO there are really people out there and also on this message board, you have so much bitcoin, they cant even pay out everything because it would crash the price. So these people can also controll the whole altcoin market. If they want they can pump any altcoin to the moon.

Topic: Does bitcoin control the market? - page 3. (Read 1561 times)