Everyone agrees that bitcoin rise will help the all crypto currencies to rise? - page 9.

rodel caling

full member

Activity: 952

Merit: 104

Quote from: Findingnemo on February 09, 2019, 02:07:31 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 Bitcoin as king of cryptocurrency if their price increasing for sure the altcoiins will also increase their price at the coin market cap, because altcoins is the secondary support of bitcoin being decentralized cryptos.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: Findingnemo on February 09, 2019, 02:07:31 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?

I do, bitcoin was ruling the crypto market since the beginning and that's the fact. I can't deny that even some people might have said if there will be on any correlation but bitcoin is everything for the crypto market.

kawetsriyanto

legendary

Activity: 2422

Merit: 1140

duelbits.com

Quote from: [btc]YSG on February 09, 2019, 05:43:41 PM

~snip~
You're correct, an increase in Bitcoin's value is an increase to other crypto currencies, but the changes might not be reflected at the same rate of increase.

It is the basic principle in rising concept, when Bitcoin's price increases then the prices of altcoins will follow as well. It makes sense yet Bitcoin is like the main pair in crypto trading. Moreover, Bitcoin is the highest value among other crypto coins/tokens which becomes the basic benchmark.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: Findingnemo on February 09, 2019, 02:07:31 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 the father of all digital currency since Satoshi started it that's why it is understandable already that if Bitcoin pump then most of the coins would pump and back to their normal prices too. Unlike before that whales seems to manipulate the market too much by switching which altcoins they have to pump after dumping Bitcoin, but now it's not the same because they seem to pump a single token and they couldn't afford to switch both sides.

[btc]YSG

jr. member

Activity: 238

Merit: 3

Quote from: Findingnemo on February 09, 2019, 02:07:31 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?

You're correct, an increase in Bitcoin's value is an increase to other crypto currencies, but the changes might not be reflected at the same rate of increase.

bartolo

hero member

Activity: 1176

Merit: 501

If you are referring to their value in USD, the answer is yes. The price of most altcoins is calculated by their value in BTC and the price of BTC itself. For example, if one coin is worth 0.001 BTC and BTC is worth $3000, that coin's price is $3. If the same coin is worth 0.001 BTC and BTC is worth $4000, that coin's price is $4.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: novusordo on February 09, 2019, 05:12:19 PM

Quote from: Findingnemo on February 09, 2019, 02:07:31 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?

As always, bitcoin is the king of the market and has the greatest impact on this market. As the price of bitcoin goes up, all altcoin in this market will also increase and conversely, when the price of bitcoin falls all altcoin will fall

The trend is generally like that ever since. Bitcoin will always be one of the major cornerstone in the market movement. But I don't totally agree with the rise of other altcoins. Altcoins with strong foundation can follow thru the bitcoin's movement but all the other crap ones should be left behind.

perla

hero member

Activity: 1932

Merit: 504

Quote from: Findingnemo on February 09, 2019, 02:07:31 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?

I will be 50/50 for this. Because in past when bitcoin price is increased, people will sell their altcoins to get bitcoin and then exchange it into fiat. And this thing can cause dump in that altcoin itself.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

I strongly agree with that, because from the beginning I had the belief that bitcoin had a big impact on the market, just look at market history, the bullish trend always starts with pump bitcoin and the bearish trend always starts with the fall in bitcoin prices so I strongly agree if the bitcoin price increases Other coin prices will also rise, the market always follows the movement of bitcoin

fianaindriati

sr. member

Activity: 700

Merit: 250

Quote from: novusordo on February 09, 2019, 05:12:19 PM

Quote from: Findingnemo on February 09, 2019, 02:07:31 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?

As always, bitcoin is the king of the market and has the greatest impact on this market. As the price of bitcoin goes up, all altcoin in this market will also increase and conversely, when the price of bitcoin falls all altcoin will fall

indeed bitcoin is enough to affect market prices. because bitcoin is indeed a coin that appears first and coin that leads the market. so if bitcoin starts to grow then other coins will follow it, with time.

novusordo

sr. member

Activity: 800

Merit: 250

Quote from: Findingnemo on February 09, 2019, 02:07:31 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?

As always, bitcoin is the king of the market and has the greatest impact on this market. As the price of bitcoin goes up, all altcoin in this market will also increase and conversely, when the price of bitcoin falls all altcoin will fall

Eildosa

member

Activity: 572

Merit: 10

This event caused a temporary growth in the market, but I think it is too early to say that the recovery has begun. But you can't know for sure. I would like to believe that this is the beginning of growth. But we have no choice but to observe.

Kelvinikke

member

Activity: 350

Merit: 10

A Blockchain Mobile Operator With Token Rewards

Only haters of bitcoin will dispute the fact that a rise in the price of bitcoin will pump most cryptocurrencies in their prices. This is because bitcoin shows over 50% dominance over the entire crypto market hence any price fluctuation also affects the other altcoins on the crypto market.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Yes, it is the logic that lies between bitcoin and other crypto's mainly called as altcoins. It's just a speculation that ETF would be approved but looked on how the people reacted about that. We're starting to have that validation that people will be confident if there's an ETF.

But it's still a speculation and we don't know on how it would really make the demand higher to make the prices high. Just like what we've always saying that if bitcoin stays on high, alts will also stay at the top.

tiggytomb

legendary

Activity: 1848

Merit: 1000

Quote from: Findingnemo on February 09, 2019, 02:07:31 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?

At some point an ETF will be approved shouldn't really be a reason for everyone to go crazy, it could be many years from now if it does actually happen in the way everyone wants. As usual when bitcoin goes up everything else follows, we are yet to see an alt that makes it's own path away from bitcoin so until then they'll rise and fall together.

dabenko

member

Activity: 280

Merit: 11

Quote from: Findingnemo on February 09, 2019, 02:07:31 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 us definitely true, because bitcoin is still to an extent dominant over so many cryptocurrencies. Which is why I am not surprised at such development.
Those who coined bitcoin as the king of cryptocurrency have critically looked into it and are right.

Adriano2010

hero member

Activity: 1414

Merit: 516

Yes i think you have 99% right, but some coins will not grow because they are not what should be, and even not follow and respect roadmap and whitepaper in some cases, but yes legit coins will grow same time with bitcoin.

BTCreward

full member

Activity: 574

Merit: 100

Yesterday's growth is not related to this and if you look at the growth began from Litecoin. But I think that you are right and when this decision is made, the market will begin to grow.

Babbylily1112

jr. member

Activity: 247

Merit: 1

Yes definitely the price rise of Bitcoin will improve the price of other altcoin, we have been expectant to see the rise of altcoin so if Bitcoin rising will do the miracle, let it keep rising then

caffu chino

member

Activity: 532

Merit: 10

Quote from: Findingnemo on February 09, 2019, 02:07:31 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 the biggest crypto so it's very possible if when the price of bitcoin rises then all altcoins also increase. but for ETF there seems to be a delay, judging by some of the news yesterday it was difficult for the SEC to approve this.

Topic: Everyone agrees that bitcoin rise will help the all crypto currencies to rise? - page 9. (Read 20423 times)