Everyone agrees that bitcoin rise will help the all crypto currencies to rise?

iv4n

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Quote from: Kelvinikke on March 15, 2019, 12:21:56 PM

That's right, the rise in bitcoin will definitely cause other cryptocurrencies to rise because bitcoin still dominates the entire crypto marketcap over 50%. This is the more reason why most crypto enthusiasts say that the bull run of bitcoin would cause alternative cryptocurrencies to rise.

Same happened many times, same will happen again. Trigger will probably be the bitcoin halving and when that happens next year we will see the entire market rise. This period now is good for all of us, bad projects will crash, good ones will stay, that has to happen in some point.
There are many alts around, some will skyrocket for sure, like some others before, this is a good time to get into some potential and young alt.

GatotKaca

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Quote from: Findingnemo on February 09, 2019, 03:07:31 PM

From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.

Do you agree that?

indeed with the increase in the price of bitcoin will greatly affect the price in the market, because bitcoin has always been a role model for other altcoins, so that if the price of bitcoin increases it will be followed by several other altcoins.

Kelvinikke

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That's right, the rise in bitcoin will definitely cause other cryptocurrencies to rise because bitcoin still dominates the entire crypto marketcap over 50%. This is the more reason why most crypto enthusiasts say that the bull run of bitcoin would cause alternative cryptocurrencies to rise.

thinkright

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Because almost all of the alternative coins (altcoins) are paired with bitcoin (BTC), it will have some kind of influence in the price as we have always been witnessing sometimes in the crypto market.

LimLims

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Quote from: cuo on March 15, 2019, 11:24:01 AM

In my view, Bitcoin is father of crypto, so when the father move up, the family will follow, of course there are children who don't want to follow their father, but most followed.

Lmao if that would have happening in the shitty world then no one would have bought other Altcoins.
As per your kind information the price of a particular coin increases, when there is a large volume of that particular coin is traded more. In other words, when there is more demand, then value rises up.
You can think cryptos as Gold or non-renewable sources of energy, whoese prices are also rising day by day due to the increase in demand.
Never again relate that family kind of thing with cryptos lol. Else Satoshi might get angry. Cool

Hope OP also got the answer.

cuo

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In my view, Bitcoin is father of crypto, so when the father move up, the family will follow, of course there are children who don't want to follow their father, but most followed.

HabiebRiziq

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Quote from: Findingnemo on February 09, 2019, 03:07:31 PM

From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.

Do you agree that?

ETF approval by the SEC. It can be said that the return of the value of bitcoin helps and if we observe, often when the price of bitcoin rises all the coins slowly begin to follow. But, not all because of bitcoin, there are many other factors that influence other coin coins to increase and continue to increase.

bonyaserg

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Personally, I think that as soon as the price of Bitcoin rises, then all other coins will also increase in price. It was for example in 2017. And now you just have to wait for such a moment as 2017. So that you can double your income.

jyotianand01

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It is a known fact that whole market follow bitcoin and whole market is constant now because bitcoin is not moving much. If bitcoin start its ride then all other coins also start moving in that direction after a momentum in bitcoin.

kennen1113

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Quote from: wayaneka on March 14, 2019, 11:11:02 PM

Yes almost all altcoin followed the trend of Bitcoin so when we trade altcoin we should be also make analysis price action of BTC. BTC should be going up first and then others altcoin also will tigger for bullish.

Bitcoin always creates a close relationship with altcoin, altcoin's value can always be converted to bitcoin and vice versa, and this has happened for a long time, since bitcoin is accepted by users as the number one. The position of bitcoin is so important in this market, it is similar to dollars, behind bitcoin is a force, a huge community, and every time the community has problems and crashes, all the characters associated with Bitcoin will receive similar collapse, and of course, when bitcoin is good and price increases, the whole market will also get positive

cewekimut

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Your opinion about the increase in prices of all coins is strongly influenced by the increase in the price of Bitcoin. And I think that's true because Bitcoin can affect all coin growth. Bitcoin is the first coin and I'm sure if many people know more about Bitcoin. I hope Bitcoin will grow and begin to recover.

joseyphil82

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Bitcoin is the biggest crypto so far and yes other coins will follow its movement either short term spike or long term spikes all altcoins will benefit from the spike

Ayiranorea

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Quote from: ?? on ??

Not all crypto actually, maybe some of altcoin price will rise too but it only the top coin, not all. The rest of the altcoin still will suffer because low interest about that coin, and if the price goes up it will not as high as bitcoin do I think

Majority of the altcoins in the market will progress, as we've experienced a massive growth on most of the altcoins along the bull market of bitcoin people have the same expectation of growth. We don't know when this will happen, but surely there will be a price pumping of altcoins listed on the coinmarketcap through the growth of bitcoin.

Boombull

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Yes, this has been the tradition of the industry since the time we know about anything called Crypto. Bitcoin dominate the market and its price behavior per a period of time will drastically affect other crypto and I think this is not really good for the industry. Each coins should be able to grow on its own without being influence or restrain by what is happening to Bitcoin

karagun125

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I think yes, i agree because bitcoin is the center of all cryptocurrency and if the bitcoin price rises, it will pull several altcoins prices up and if the bitcoin price goes down it will also pull down several altcoin's price.

steveabrahams

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Quote from: Findingnemo on February 09, 2019, 03:07:31 PM

From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.

Do you agree that?

Yes i agree with that. Everytime bitcoin price increase, all crypto currency will follow the bitcoin price and increase too and vice versa but when altcoin price go down or up, it will not affect the bitcoin price.

Amalker

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Quote from: Findingnemo on February 09, 2019, 03:07:31 PM

From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.

Do you agree that?

When BTC will really start to grow up, most of other altcoins will dramatically drop down. For now is a perfect time for altcoin season, when BTC in flat stage.

dark08

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Quote from: GGmith on March 14, 2019, 11:18:19 PM

of course I agree with your statement, that the increase in the price of bitcoin greatly affects the increase in the price of other coins so we hope that the increase in bitcoin can occur again, besides that positive news about crypto can also affect the movement of the price of bitcoin.

This only means that most altcoin are depend on the flow of the bitcoin so Im not suprising if the rising or falling of bitcoin follow the flow of the altcoin, yesterday we experienced some unusual move of bitcoin maybe some whale trying to pump bitcoin.

Caladonian

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Quote from: shirackjs on March 15, 2019, 12:16:46 AM

I do notice that Bitcoin price rise bring the other altcoin prices up most of the time. Perhaps, it is because investors have confidence in crypto currencies when there are positive news.

That's what we called fomo's people who are trying to take advantage while being trapped because of lack of understanding, they tend to buy when hyped is ongoing and panic when the value falls, Bitcoin affects the movements of the entire market whatever directions it will go mostly the Alts community will follow.

shirackjs

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I do notice that Bitcoin price rise bring the other altcoin prices up most of the time. Perhaps, it is because investors have confidence in crypto currencies when there are positive news.

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