Topic: How does Bitcoin affect other Crypto? - page 16. (Read 4333 times)
Because Bitcoin is the first crypto currency
Bitcoin can really affect in other cryptocurrencies if you are in trading because you are converting it into bitcoin so when the price of bitcoin will increased, the price of altcoin will surely decreased.
Currently buy unusual altcoin converted to BTC, so the sales deal called BTC will be the currency to buy other altcoins, when the btc price increase or decrease will affect the proportional to the other altcoin.
To me am pretty surprised of what happened when the market value of Bitcoin increases from $3000 to $4,000 or above, other altcoin were seriously goning down which means the movement of Bitcoin has both positive or negative impact on the altcoin.
I think bitcoin greatly affects altcoin, when bitcoin prices pump. overall i saw altcoin prices go down.and when the bitcoin price is stable. all altcoin start to go up. the point is Bitcoin is very influential on the price of altcoin.
Bitcoin is the leader.
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and like every people said, when bitcoin price increase, some altcoin price getting down although there is still any altcoin that stable in their price and not following to getting down too. until now, altcoin makes an adjustment with bitcoin price and whenever bitcoin price wants to go, altcoin price will follow the bitcoin movement.
When Bitcoin prices are going up so many traders pull out their money from other cryptos and start investing in bitcoins that's why altcoin prices will be down when Bitcoin is pumping. But after Bitcoin prices stabilize we can see the altcoins moving up.
Yes, bitcoin is the king of all other coins and the whole market is controlled by bitcoin when Bitcoin price will move unpredictably than all over the market will move according to the bitcoin and the price of all altcoins beat by bitcoin,
Bitcoin is the all time high crypto so it must affect the other coins in terms of demand and the price would also be affected. Let me give you and example of my own understand to it, there is a finite number of users and investors (10) , number who wants bitcoin will be 70% (7) and who invested on altcoins is 30% (3), the value of bitcoin increases as those who buy altcoins will transfer their money on bitcoin because of the price.
Bitcoin affects other coins in many ways. Sometimes when it goes up or down, it drags along other coins with it. But its problem is it's losing its dominance in the cryptocurrency world. Bitcoin cash is gaining more dominant. Now if this keeps going in, I hope the local bitcoin exchanges in my country would open bitcoin cash convertible to fiat money. It would be great.
When Bitcoin goes up in price and becomes too expensive for many peoplpe thats when those people start to invest in alt coins.
I think it is rather when there's something that possess a threat to Bitcoin that you find people turning to altcoins for safety other than that, Bitcoin remains the best buy. Since Bitcoin is the unit of exchange for altcoins, a stronger Bitcoin usually translates to weaker altcoins, because it would then require much more of an altcoin to get its previous equivalent in Bitcoin. 
Bitcoin has enough effect on other cryptocurrencies. Bitcoin is the largest used cryptocurrency in the world. A lot of people are using this. Following bitcoin a lot of online coins has been launched. They are doing there business well. Their price is dependent on the price of bitcoin. Because this coins can only be traded through bitcoin. Other cause is the user. The price of bitcoin is increasing at high speed but the other's is not as much as bitcoin. So everyone goes for bitcoin. And the loss of user creates the fall of price.
At this time, its really hard to decide which direction they relate with each other because it varies. Sometimes, it shows to be a direct relationship while other times it can come out with inverse relationship. So it actually depends on the time frame the the comparison is being made.
I have seen times when bitcoin is witnessing an increase in price and the whole alt coin market just continue to get pumped as well and the interpretation will all give be that because of the increase in the price of bitcoin. But for some days now even with high increase in the price of bitcoin, alt coin keeps crashing and now that we are seeing some correction in the price of bitcoin, alt coins are not even doing any better.
While there are some alts as well in which their price is not even dependent on what happen to bitcoin price whether high or low.
I have seen times when bitcoin is witnessing an increase in price and the whole alt coin market just continue to get pumped as well and the interpretation will all give be that because of the increase in the price of bitcoin. But for some days now even with high increase in the price of bitcoin, alt coin keeps crashing and now that we are seeing some correction in the price of bitcoin, alt coins are not even doing any better.
While there are some alts as well in which their price is not even dependent on what happen to bitcoin price whether high or low.
When Bitcoin goes up in price and becomes too expensive for many peoplpe thats when those people start to invest in alt coins.
It has direct and indirect effects on the alt coins. there are two points to understand, when price goes up is it because crypto currency market is getting value or bitcoin. answer to this question identify the effect.
It's the success of bitcointalk that invited the venture into other crypto currencies. If btc had failed, very few people would come near other cryptos. Every other coin are riding on its wave.
Bitcoin directly affects other cryptocurrencies because first those cryptocurrencies depends on how the bitcoins performed and because of it they are also affected if the price of bitcoin went up or fall. its like bitcoin is the center which the other cryptocurrencies are focused on to or layman's term the center of the universe of the crypto market. So if anything happens to bitcoin then expect that it will also have great effect to the other cryptocurrencies that is present in the market.
Bitcoin effect other altcoins when bitcoin going up peoples think its price will go more and more up and they start to buy bitcoin instead of other coins they start to sell altcoin and buy bitcoin so that's why other cryptos will decrease in effect.
yes not always the rise in bitcoin prices along with the decline in altcoin prices, the fact is that bitcoin prices are increasing even followed by price increases on altcoin, and now the movement of coins in the crypto market is beginning to increase and active
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I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?
the price of bitcoin affect the price of altcoin. when bitcoin price is up then the altcoin price is down. but as far as i know, not all altcoin is down but there is other altcoin which is up too. but this condition will not forever, there is a time for altcoin to gets up again even if bitcoin price is increase too or in side way. i think that not only you which is lost our investment, there is many people which is loss too.
Bitcoin becomes the basis and reference when trading with altcoin, the effect is certainly great, when the bitcoin price goes up the altcoin price will surely go up.
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