Topic: How does Bitcoin affect other Crypto? - page 18. (Read 4333 times)

Is just like a competition, Bitcoin compete other cryptocurrencies and because most investors in favored to bitcoin for investment that's why it is on the top now. We know that bitcoin price nowadays could have a huge affect to the altcoins and make them down.But some of investors still stand and believe on altcoins because there is a possibility that it's price will rise again together with bitcoin.

Agreed with you, bitcoin does affect the value of alt coins.  When people saw the huge opportunity for making the profit then they just gave up their altcoins and moved towards the bitcoins. But at the same time there is a good opportunity to invest into the selected altcoin who possess good future.

Bitcoin is the mother of all cryto-currencies which it's influence will continue to dominate because its a trailblazer and because its acts as the dollar in the international trade business. All exchanges uses bitcoin as the subject of conversion by other alt where their real value is determined on their relative value to bitcoin, so there is nothing that can be done against that.

well first of all, bitcoin already affected all crptocurrencies, even before their ICO, without bitcoin, people would probable no give a chance to cryptocurrency, since bitcoin's effect was good and most bitcoiners are benefiting from bitcoins, those same persons will also go and try other cryptocurrency or altcoins. it is like saying that if you don't understand what bitcoin is and how it is produced, how it gained its value, you will neve understand other alternative cryptocurrency. and that's the first, the acceptance of people regarding cryptocurrency. then the price of other altcoins, right now, we are using bitcoins as the basis for the amount of altcoins since bitcoin can be converted t fiat, and most exchanges will accept bitcoin as payment, that's the second, the price of altcoin will depend on how many bitcoins it is. then lastly i think bitcoin affect other cryptocurrency, when bitcoin goes up or down, since bitcoin is volatile it can affect the price or the volume of trade when it comes to exchanges, your altcoin can be valued at .05 btc at a time or sometime .5 btc, and you can clearly see how much volume is being traded. i think, the first reason simply says it all, if bitcoin hasn't been accepted by masses as digital currency, other altcoins will have difficulty in being accepted.

I would imagine that because it is the biggest and most prominent cryptocurrency, that it can influence others based on its own movements. I would also think that it can be a commonly used crypto to buy other altcoins - such as buying something like ripple for bitcoin, for example. So it can influence based on movements, but would be involved in lots of other transactions.

There is likely other attributes, but I would think the above would hold some weight.

"one day" you told?  lol .bitcoin already cover all the crypto in the whole word. in a few years it cost a thousands of dollar , from that very fast evolution no one crypto in whole world can get near this bitcoin. so it totally affects the whole alt-coin in the market, like a whale when it moves all the fish around him are rapidly moving from one place to another.

Yes the cost of bitcoin is going high and high slows and steady and one day it will cover all the crypto in the whole world. This will happen just because the use of bitcoin is very easy and comfortable, throughout the whole world and through the internet. And it will also be acceptable throughout the world, for its easiest way of keeping and using. That’s why it will affect the other crypto.

yes it does affect the price of altcoins.It's trading.if you trade btc/eth then if bitcoin rises then eth falls bitcoin acts like father of altcoins.If bitcoin falls most of the other popular alts fall as well.

The way I see it is that throughout autumn, bitcoin price won’t be rising too fast because it has already set new records, and it will need some time to settle. And probably that’s the time for some altcoins to go higher.

Other cryptos follow in the wake of Bitcoin. If Bitcoin goes up, the major altcoins go up. When Bitcoin goes down, so do the major alts.

Thats easy to understand one thing altcoins are all traded against bitcoin, soo any moove over bitcoin value will push up/down altcoins, some of them are able to follow bitcoin for a while since are based into it, but in the general the trend is to go at opost direction then bitcoin. Bitcoin where and still being the most power crypto and the first, altcoins camed after bitcoin trying to get similiar results and improve some issues that bitcoin could had, nowadays we do see a lot ico wich will be focus into some area, because bitcoin has been present at all, but isnt focus into nothing else besides provide a strong and safe way to moove money.

It varies always in the demand and price from the market. Since bitcoin is on top of all cryptocurrencies therefore the other currrencies are in next line. Large number of investors are trading with bitcoin than on altcoins because of its high price and they assure that a big profit will their returns especially if bitcoin still pumping.

yes, the cost of Bitcoin does straightforwardly influence the cost of altcoins, and there is normally no count to maintain a strategic distance from this, as the cost of altcoins on trades is generally given as costs in Bitcoin. At that point to change over to USD, the current Bitcoin/USD rate is utilized. Remember that you can simply utilize the bitcoin/altcoin conversion standard rather than the computed USD/altcoin rate since that isn't influenced by the Bitcoin/USD rate.

this does not seem to hold true for the current day investments in crypto as when bitcoin prices drop, people dont re enter, they find solace in other alternate coins and that pumps the prices of those up.

it is really an inverse relationship apart from the outlier which is neocoin

In crypto currency market what you can notice is that when bitcoin's price increases,it becomes harder to invest,so that time people will invest in different alt coins and select the best one which will benefit them the most.And when bitcoin’s price goes down ,people only buy bitcoin and not altcoin because they know that bitcoin’s price will increase definitely but its not the same story for that of altcoins .

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.

Now there are already more than a thousand varieties of crypto currency. The course of the main of them should influence and influence each other. Since bitcoin is the leader of the crypto currency, it is clear that an increase or decrease in its rate affects other crypto currencies.

Yes, I also noticed that the price of altcoins were getting really, really low. I think that’s because they’re getting dumped as Bitcoin is getting pumped. So that leads to their price decrease, because everyone is rushing into Bitcoin now.

Usually when bitcoin will pump people will pull out bitcoin from their altcoins so altcoin's price might drop in terms of bitcoin but if you look at their price in fiat than you will realize that their price is quite stable. This might not fit perfectly for every altcoins but usually all crypto in top 10 list by marketcap follows this pattern.

Usually the price of Alt coins goes down, when the price of Bitcoin goes upward. People sell their Alt coins to buy bitcoins to

capitalize on the spike, because they know it usually jump much higher than Alt coins. This time around the Alt coins went

upwards and downwards quickly... which was strange. Looks like new investors trying to follow the historical trends and

panicked too quickly.