Bitcoin is the original cryptocurrency - every altcoin which was created after share certain similarities to it and is linked to its popularity, price and reception.
The general rule of thumb - when bitcoin is soaring everyone is selling altcoins to jump on the hype train.
When bitcoin is losing, traders are either locating money in altcoins or lose faith in cryptocurrency in general.
So yeah, bitcoin is like the ultimate benchmark for altcoin market.
Topic: How does Bitcoin affect other Crypto? - page 19. (Read 4333 times)
Bitcoin is the train you got to be on if you want to increase your fortune without much effort at the moment.
I think that many traders do not do so well at the moment because they have difficulties to find currencies that develope positive in regard to bitcoin.
That makes even the traders leave their money untouched in the bitcoin currency. This decreases the demand for altcoin right now.
I think that many traders do not do so well at the moment because they have difficulties to find currencies that develope positive in regard to bitcoin.
That makes even the traders leave their money untouched in the bitcoin currency. This decreases the demand for altcoin right now.
Bitcoin is truly the best of all digital currency. The same won't affect the growth of other digital currencies, because bitcoin served to be the base of all digital currencies. Even during the recent price pumping the price move happened as a whole.
I think there are some changes that you can't see but that do not affect the growth of other crypto currencies but their prices only.
For example bitcoin make a big pump, we all know that the prices of altcoin depends on bitcoin so when bitcoin pumps, altcoin dumps.
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.
Bitcoin is truly the best of all digital currency. The same won't affect the growth of other digital currencies, because bitcoin served to be the base of all digital currencies. Even during the recent price pumping the price move happened as a whole.
I think there are some changes that you can't see but that do not affect the growth of other crypto currencies but their prices only.
For example bitcoin make a big pump, we all know that the prices of altcoin depends on bitcoin so when bitcoin pumps, altcoin dumps.
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?
This happened to me, I saved an altcoin from the ICO results, the first time entering this altcoin market has a stable price, but when the bitcoin price rises ... BOOM, the altcoin falls. This makes me lose. According to my estimates, many investors and traders throw altcoins and transfer their funds to bitcoin. Although not all altcoin has decreased, but there appears to be a bitcoin effect so some altcoin has decreased dramatically.
Bitcoin is truly the best of all digital currency. The same won't affect the growth of other digital currencies, because bitcoin served to be the base of all digital currencies. Even during the recent price pumping the price move happened as a whole.
The thing is bitcoin is the very first crypto currency and most of the people trust bitcoin than any other crypto currency. The price of bitcoin increases,other alt coins may increase or remain in the same level, but when bitcoin's price decreases most of the time other altcoins also go down along with it. But this is not likely to happen all the time and the price change between bitcoin and altcoin doesn't happen immediately.
Bitcoin affect all the other crypto and altcoins for sure, because it is the first and the oldest successful crypto currency, with the biggest community dealing and trading it. So if the Bitcoin's price drop down it will affect the value and prices of the altcoins too
Bitcoin as we all know is the main crptocurrency that ever existed and bitcoin is the best among all cryptocurrency that exists in this world. Bitcoin is so related to other cryptocurrency. It is just because that alternative coins or alternative cryptocurrency really depends on bitcoin. In terms of trading. Bitcoin is known for a very good long term investment. And altcoins are just trying to copy that in a sense using another coin for another term of investment.
I agree with that since it was the first to be introduce and become popular bitcoin is the basis of the alts value so whatever things happen inside bitcoin industry the whole alts system will be affected sometimes or most of the its a contrast reaction, when btc falls alts will rise but when btc jumped up
expect alts to be on its bloody day.
Bitcoin as we all know is the main crptocurrency that ever existed and bitcoin is the best among all cryptocurrency that exists in this world. Bitcoin is so related to other cryptocurrency. It is just because that alternative coins or alternative cryptocurrency really depends on bitcoin. In terms of trading. Bitcoin is known for a very good long term investment. And altcoins are just trying to copy that in a sense using another coin for another term of investment.
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?
Bitcoin's price has constantly increasing lately and it has already reached 4000 USD which we didn't expect sooner to happen. With the sudden rise of value of bitcoin,We can notice that the price of altcoins has seriously been affected. I think I have heard this to one of my professor in Engineering Economy where the value of fiat money increases, the value of goods decreases is called Deflation and According to what I have researched, Deflation can seriously hurt the economy since it will affect the profit of every traders in the market.
your observation has been correct. when bitcoin price rises the altcoins drop, and that is the important thing to have in mind. knowing it you can get out of your altcoin investments and then invest back after the bottom was reached in those altcoins.
but also you should remember that at all times there are altcoins that will perform otherwise. like IOTA and NEO in the past week which went up alongside bitcoin.
but also you should remember that at all times there are altcoins that will perform otherwise. like IOTA and NEO in the past week which went up alongside bitcoin.
The launch of Recoin Bounty took place. 50,000 tokens will be given to participants.
Someone is really advertising his Altcoin here, I really think the possibility that other Altcoins price would went down to drain is because of the rising price of bitcoin and you can really see it happening, just like in the forex industry the main currency is dollar so it all revolve in that currency the exchange of all of it, that is how bitcoin and other altcoin works.
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?
Of course yes, if you look at the bitcoins price and altcoin price, everytime the bitcoin price increase, most of all altcoin will decrease because most of all altcoin price following bitcoin price but it's okay, when the bitcoin price come back into the normal price or going down, the altcoin price will go up again.
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?
Bitcoin is also a kind of cryptocurrency. I think, if there's a huge inflation in Bitcoin, there'll be deflation to other cryptos such as altcoins. Maybe, it is because of the reason that cryptocurrency value depends on the market's demand. Whenever Bitcoin is being in demand, the opposite will happen in other cryptos. All cryptocurrency, I think, is volatile, so this happens often.Well it is the pioneer of the cryptocurrency so i think it wont be just simply be compared to any altcoin. Although all altcoin have there own value on dollar, it is still normal to think how much it could be worth if it is converted to btc. Technically each altcoin has there own pump or dump but they would just increase because of btc but in terms of how much they are worth in dollars does not have any relation with btc.
The launch of Recoin Bounty took place. 50,000 tokens will be given to participants.
If you are trading alt coin with bitcoin, then when bitcoin price is going up then alt coin value will go down, that is because you are using bitcoin as the comparison, bitcoin got a huge effect on altcoin
Since Bitcoin prices are going up continuously so many traders will pull out their money from other cryptos and start investing in bitcoins that's why we will see altcoin prices will be down when Bitcoin is pumping. But after Bitcoin prices stabilize then we can see the altcoins moving up. But some of the good altcoins like IOTA is still doing good. It was around 0.2 USD couple of weeks back and now price is almost $1. Just need to choose the good altcoin to invest.
Most of the altcoin if bitcoin is getting higher are dropping there price value, but some altcoin that has a lot of potential also get increase, though some's are Pump and Dump. So better, to be careful of where to invest in, good luck 
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?
Bitcoin is also a kind of cryptocurrency. I think, if there's a huge inflation in Bitcoin, there'll be deflation to other cryptos such as altcoins. Maybe, it is because of the reason that cryptocurrency value depends on the market's demand. Whenever Bitcoin is being in demand, the opposite will happen in other cryptos. All cryptocurrency, I think, is volatile, so this happens often. Jump to: