Does bitcoin control the market? - page 6.

happyme1818

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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.

Sad to say but all altcoin are dependent in Bitcoin's value. It has already proven in the past bear market. There are event that affect by altcoin value like updates on their development but they cannot ignore Bitcoin's movement.

mriansa

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I think that controlling market conditions is purely from the presence of buyers and sellers while this bitcoin price can only affect other cryptocurrency, any bitcoin price movements will be used as a benchmark with other cryptocurrency price movements.

vfrcbv91

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Naturally altcoins do not repeat absolutely all the movements of bitcoin, but bitcoin sets the main trend in the market - bullish or bearish, and it is difficult to deny it.

OcTA Bd

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Of course. People have a strong faith in bitcoin. Day by day It's popularity is increasing not decreasing. Bitcoin is the most oldest crypto currency. It's also the most trustworthy one undoubtedly. Just a little example - the forum is growing large. The number of accounts are increasing. If you are new in crypto currency and try to invest then among 100 suggestions you will get 90 suggestion to invest in bitcoin.
So, undoubtedly Bitcoin is the top crypto currency and it will remain like this also it will rule tge crypto currency market.

Darker45

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I agree with you. Basically, every coin has fundamental factors that could affect its price. Included in these affecting factors are their working products and how widely adopted they are, their marketing, their strong community, and so on and so forth. However, it is also true that when Bitcoin is down, there is a possibility that altcoins would also go down. It is not because Bitcoin controls them directly but because Bitcoin has a very strong influence to the market due to the fact that it is the leading coin or even the torch-bearer of crypto. If it goes down, the entire cryptocurrency body is affected to a significant extent.

Linhkej

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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.

Bitcoin is still the strongest currency on the market today. However, the altcoins still show great potential for development. One day they could compete with Bitcoins for the first place in the crypto market. That is not illusory. Euthereum and Litecoins are the two altcoins that have ensured their ability and people are quite fond of trading them.

aleksnutis

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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.

What you describe is exceptional cases. Globally, the movement of altcoins depends entirely on the mood of bitcoin, which is logical, because bitcoin dominates at 52%.

josephdd1

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In a weird way it does regulate it but the control usually comes from either large market manipulations particularly on Bitcoin which in turn affects the rest of the market.

ylnar123

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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.

Just like you, I strongly believe that every coin in the market has their own unique pricing and Bitcoin does not hold any control on these matter. It's just that other coins accept Bitcoin as a means of trading that's why sometimes they have the same chart as Bitcoin.

Fenixsfeather

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Bitcoin don't control altcoins, but we can see some influence on alts. When bitcoin is hurt, others too. I saw few exceptions, but only few.

hubballi

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Quote from: Marjo04 on September 23, 2018, 05:27:32 PM

In my own opinion bitcoin not totally control the market but what ive noticed is when the price if bitcoin down the ethereum and top coins also down and when bitcoin price rise its follows also and rise.so bitcoin only influence the market and not control it.

Then last week when Bitcoin went up but all Altcoin even Ethereum price also got down. So their is no correct prediction of whether Altcoin are following Bitcoin price or not. But one thing is sure that Altcoin are only to earn more Bitcoins so it is true that Bitcoin is the main coin which controls Market. Because what ever price any altcoin can go high but in the end when Bitcoin price moves up everyone will sell their altcoin to convert to bitcoin so that they can sell In BTC market and get more profit.

Marjo04

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In my own opinion bitcoin not totally control the market but what ive noticed is when the price if bitcoin down the ethereum and top coins also down and when bitcoin price rise its follows also and rise.so bitcoin only influence the market and not control it.

BitGunner

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I think that btc really is the leader but it is difficult to say whether it controls the market or not. I hope that this will be the best way to earn if to invest in btc. I want to say that btc is the best coin

pedagang2

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Very good info, I like your assumptions about prices that affect bitcoin and some other tokens.
however, according to some people I read about the price of bitcoin, it was caused by several sources, and I also studied it.
thank you

jerrison

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the technology is mainly dominated by the bitcoin and has so far been indisputable as it and that has given it major control over the market as the price controls it. it is therefore a fact that bitcoin controls the market but there maybe some exceptions.

Xardasim

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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.

The price of a token you see in coinmarketcap, it isn't the price you see with the USD, its price with Bitcoin. So you can't get 95% of altcoins directly with USD. First you should get Bitcoin, then get what you want with it. Accordingly, the price is directly affected.

Easteregg69

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He wanna see angels play.

Big sell of could be it. Like really BIG!

Dicks in your ass if you need it! (If you got one to spare..).

Bugatti73

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People with huge finances manipulate the market, and Bitcoin slightly corrects the movement of altcoins.

delphic

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Yes, I agree. Not all coins are tied to bitcoin. The course depends on very many factors. For example, the political environment. The success of ICO. Sales and prospects.

patispace

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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 obvious that if you decide to observe the particular behavior of a cryptocurrency, a series of very specific behaviors that make it unique can be observed over time, but if we observe it in the context of market behavior over a longer period of time, we will notice that as a general rule most of the cryptos do tend to be dramatically affected by the behavior of bitcoin on a global scale. Even in the case of cryptocurrencies that at a certain time experience a large pump or dump when the price of bitcoin remains stable, once they stabilize after that highly volatile event, they tend quickly to stuck to the bitcoin behavior again.

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