Does bitcoin control the market? - page 7.

jack1111

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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.

Bitcoin affects the market because it is the bridge between fiat money and other altcoins. When new investors come to crypto, they will buy Bitcoin firstly, so the increase in Bitcoin price refers that new money has joined the market which is good thing for overall crypto market. That happened in the last bull run, we saw Bitcoin price pumping, then altcoins, but what we see now is pure manipulation because the marketcap is just 1/4 of last December marketcap.

Epimetheus

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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.

Bitcoin doesn't control the market but it influence market profits. It has a huge impact on market. In those country it is accepted in those countries it use for various things like investment, trading, marketing etc. And it is volatile currency so when its price influence it affects an country share market then this thing ultimately affects the world economy. Bitcoin is also linked with many things like many shopping sites,many companies and when its price influence then the market related to it also influences. Bitcoin mainly affects investment markets and trading market.

muhammedb

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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.

In my own suggestion i think i will say this people are right when they say the price of cryptocurrency is been control by bitcoin, because i have really come to understand something about altcoin price that when ever ethereum is going down other coin join him too and what is the may reason the ethereum price is down mainly because bitcoin price is down so with this little view of mine i think i agree with the body that say bitcoin regulate crypt market.

Easteregg69

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Quote from: Kasliono on September 23, 2018, 11:36:26 AM

In my opinion, I agree that bitcoin control the market nowadays. As we already know that most of altcoins have pairing with bitcoin, so thats why when the prices of bitcoin is going down, then the prices of altcoins are going down too. We should understand that not all of altcoins depend on bitcoin, I have found some coins that even the prices of bitcoin is going down, it is stil Steady or even going up.

In my honest opinion. You rule the market!

Kasliono

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In my opinion, I agree that bitcoin control the market nowadays. As we already know that most of altcoins have pairing with bitcoin, so thats why when the prices of bitcoin is going down, then the prices of altcoins are going down too. We should understand that not all of altcoins depend on bitcoin, I have found some coins that even the prices of bitcoin is going down, it is stil Steady or even going up.

safarabela

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Bitcoin is the main coin in the market and is a crypto foundation. Bitcoin is influential in the market and when the price of bitcoin falls, the price of altcoin can also decline.

anggada18

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I also think when bitcoin dumps the alt is the same. but not all, although dominated like that. if you control it might not, but if you have influence, yes. see the utility that you say is one of the right solutions when starting to move. to minimize anxiety about money that has different utilities when we use it.

carlisle1

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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.

Well every views and concerns are respectable so i will not argue with you,though investors really runs the market,and they are controlling this .so its not bitcoin who controlls this but the market itself is capable of doing such.so let us have our own opinion.and besidest the end of the day,we will be trusting the market and not single coin

TheCryptomath

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Considering that 40% of Bitcoins are in the hands of 1000 individuals, (whales). This means that 1000 people control the Crypto market Shocked

oni4an

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Today Bitcoin is the basis of the foundation and the whole crypto world equals to it. There's nothing wrong with that, I think, just yet no currency has shown itself as Bitcoin, it was first and fundamental. We have to forgive this attitude to people.

efxtrader

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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.

Every coin or token have their own movement againts bitcoin, but most altcoin using dollar value on their price and its depending on bitcoin price againts us dollar.
Indeed, we should treat every coin with different approuch because every coin or token have their own functionality.

NelfiNovita

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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.

in my opinion bitcoin does not control market prices, but the rise and fall of altcoin prices depends on the price of bitcoin because bitcoin is the king and he is always followed. if bitcoin can control the market I think prices continue to rise. because you see market prices falling when bitcoin is down and it's just a coincidence, sometimes they are in opposite directions.

code

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you may have been following bitcoin in these last months, but in the past, altcoin has repeated the bitcoin movement in the medium term and in the short term too

0t3p0t

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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.

As always Bitcoin tends to be the one that controls the market most especially to Altcoins prices. I can't even see an Altcoin that continually rising while Bitcoin is falling, I mean most Altcoin are affected and are dependent to Bitcoin. I might be wrong but my observation could also be accurate. Bitcoin might not be the one that controls the market as what you and others have said but one thing is for sure of course it's the community who can't control their emotions.

nahotachikwem

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Yes, bitcoin controls the market. Bitcoin is like a king amongs all. is like when the head is affected every other part of the body suffers it.

cybernetik7

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Even though Bitcoin doesn't have an exact effect on an individual altcoin, it determines trends on the market. Thus, it may behave like a catalizor or inhibitor. When deciding to trade, we have to see bitcoin as a very important indicator or anchor.

rhenrhen

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I don't think so. But I think bitcoin is one of the so many factors that affect the market. The truth is, bitcoin became the King of All Coins, thus, this affect other coins but the total market.

Payme21

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I don't think bitcoin controls the price of other crypto currencies. But there are market forces that affect most coins all at the same time that one could interpret wrongly to mean bitcoin is determining prices of other coins

tonyvo2017

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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 think Bitcoin is the best currency and it more or less dominates the market. However, altcoins are also very good and worth the investment. You probably have also learned about altcoins. Perhaps you will find Euthereum or Litecoins as 2 potential altcoins. Although Bitcoin is good, do not ignore the competition from the altcoins.

CryptoSmile

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I see the price movement of crypto always moves following the price of bitcoin, when the price of bitcoin rises, then the other coins also go up, and when the price of bitcoin down, the other coins also go down. This means that bitcoin does control the market in cryptocurrency.

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