Everyone agrees that bitcoin rise will help the all crypto currencies to rise? - page 8.

Olalomi

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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?

Bitcoin is likened to a head of a moving train wherein other Cryptos attached to it when it moves other Cryptos pumps too however when there is a drop in the price other Cryptos dumps too, its not a surprise to me seeing btc pumping as well as other Cryptos pumping too as rumour if ETF approval spreads.

likit123

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Yes, my friend, you are completely right. Everyone who has watched cryptocurrencies in the last year and a half knows what a bull trend in bitcoin is. Bitcoin grows, leaves altcoins far behind and how they catch up with it, and it stabilizes at some level. This behavior has been observed in the past and is still repeated. So if bitcoin grows, then altcoins will follow.

ucok456

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Yes, because Bitcoin is a benchmark for altcoin prices. Many altcoins are traded with Bitcoin. So if the price of Bitcoin goes down then the price of Altcoin will also go down, but if the price of Bitcoin rises then the price of Altcoin will also rise.

meldrio1

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yes, all cryptos rely the price of bitcoin, that is the power of bitcoin when bitcoin price rise up then all cryptos prices will rise as well.

traderethereum

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No doubt for that. When bitcoin rise, every coin will also rise, and of course, it will give an effect to the price too. The market will be on the bull market, and that will end the bear market. But so far, we are not seeing the bitcoin price rise and only get down. The last high price of bitcoin is at $3,6xx, and I think it could down again in the next week. Maybe if there is good news for bitcoin, the price will stay at a price now, or even it can increase higher. But I still believe that the bitcoin price will increase in the future although there is no exact time when it will happen.

Nwankwobtt

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Bitcoin is presumed to be the mother of cryptocurecncies and holds a lot of fundamentals. Rise in bitcoin men's acceptance and adoption and it transmitted to most altcoins because btc is their base pair. This in turn affect the market positively

VitKoyn

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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?

We can't just say it already that ETF is the reason why the price went up a bit this past days, since this kind of price movement in cryptocurrency market is happening without any good news, it might be but there are lots of possible reasons. And I have to disagree with your statement that whenever Bitcoin price starts to recover or go up, altcoins will follow. We might see this happen frequently but that will not be always the same scenario, at the past there are scenarios that Bitcoin price goes up but prices of most altcoins goes down, this is because there are times that people are selling their altcoins to buy Bitcoin whenever there is a continues increase in price.

Herbert2020

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no that is a false mentality that people had. here is what happens in reality.

when bitcoin rises, all altcons have to do is to remain the same price so that their stats on coinmarketcap show rise! this is fake as hell.
for example imagine a shitcoin that is worth 0.03BTC. if bitcoin is worth $3400 that altcoin's value on coinmarketcap is shown as $102. now when bitcoin rises from $3400 to $3700 that altcoin remains at 0.03BTC but coinmarketcap.com shows that it has increased up to $111

in reality that $9 or 8.8% was not an actual rise of that altcoin, it is only the rise that BITCOIN had!
that is why people think whenever bitcoin rises altcoins rise too. which is false.

of course lets not confuse the overall bull market with what i just explained. whenever bitcoin is in bull mode, there is a lot of money coming in the market as a whole. a big part of it is also then invested in altcoins (because bitcoin investors want a way to also invest their bitcoins to increase them) so altcons get pumped more during bitcoin bull runs.

hrunya102

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This has always been the case, bitcoin brings money to the crypto market, and the rest Alts begin to grow, this is a bad practice for us, but it is.

Weeker

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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?

This is the case, but just help Bitcoin will rise, ETF hardly. Therefore, it is probably worth expecting something more substantial.

Sebas.tian

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Naturally all crypto will appreciate if bitcoin appreciate since alts are pegged to it. You can see alts as bitcoin leverage that is, if bitcoin pumps, alts will pump more. But it is also true that if bitcoin dumps, alts will dump more.

Globen

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I am one of those who believe that if the price of bitcoin increases, it will move the prices of other cryptocurrency. This is because in my little stay in the crypto space, that is what i have experienced. Sometimes it seem to me that bitcoin moves the crypto market because once there is a slight change in price of bitcoin, you would notice it in the crypto market

bitzizzix

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Bitcoin is the first cryptocurrency coin in the world and has the highest coins among other coins, so in my opinion it will affect the movement of other coins and that is proven.
and nothing can exceed the value of bitcoin and there are only a few coins that compete but will not exceed the value of bitcoin, and when bitcoin goes up or down, other coins will adjust.

Thanasis

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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 when there is a positive or negative news for the bitcoin it will affect all the market with same as the bitcoin price movement but it doesn't need to be forever like this,we have situation like all altcoins went down but the bitcoin bumoed up in 2017.

fuer44

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yes, even though it's not a definite theory, but at least there was evidence in the past. that if bitcoin rises, the other crypto will also rise and if bitcoin goes down, another crypto will also decrease.

libert19

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Can't say for sure. We have seen such small pumps many times before, and it turned out cryptos dumped harder than before.

Jating

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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.

I don't know where you get that $400. From $3400-$3700 so that's around $300 only.

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

Do you agree that?

But I would have to agree with you that if bitcoin made a recovery run, other crypto's will follow suit that will make crypto alive and kicking again. But sadly though, it looks like the momentum has dried down a bit as bitcoin price momentarily hovers around the $3600 price. So we need to wait a bit longer to see a nice recovery of the market.

Pffrt

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Yes because all the cryptocurrency depend on bitcoin price. Once it start to raise, all other cryptocurrency will raise. Because if btc grows, altcoin does the same too.

iyah adrian

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Many say what they say. If bitcoin experiences an increase, of course the other altcoins will be the same. It seems like it's true, because I see when bitcoin experiences an increase, of course altcoin will follow it.

UnruffledST

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Bitcoin is bound to be overthrown someday because of its outdated tech, yes for now it helps others rise but what about when the time comes that it is to be overthrown it will all fall again. TBH I feel like during this bear market another coin should have taken its spot... just shows how bad these founders of altcoins are for business.

As humans we should be planning for this but no everyone wants to be ignorant in order to gain their funds back and then let it come crashing down when they are safe and others are caught in the crossfire.

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