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Topic: How does Bitcoin affect other Crypto? - page 2. (Read 4333 times)

sr. member
Activity: 532
Merit: 250
October 28, 2018, 12:32:20 PM
Bitcoin is the one for me and a father of all crypto but I always think that the price of bitcoin will also affect for other crypto coins also the price bitcoin is not already increasing same to other coins.
it's true because bitcoin was the first to become the benchmark price for crypto below, so with the increase in bitcoin, other crypto will definitely follow bitcoin and this has become a crypto world tradition
member
Activity: 443
Merit: 12
October 28, 2018, 12:16:19 PM
Most cryptocurrencies are very strongly tied to the price of Bitcoin because its capitalization is many times higher than the capitalization of other cryptocurrencies. If the price of an asset does not correlate to Bitcoin, this in most cases means that nobody needs this cryptocurrency.
newbie
Activity: 7
Merit: 0
October 25, 2018, 09:13:28 AM
Definitely bitcoin prices affects the general market and other cryptocurrency. Mostly because its prices are more stable and then other coins are traded with it . so any movement up or down affects other coins.
full member
Activity: 815
Merit: 101
October 25, 2018, 09:01:11 AM
bitcoin affects others by making bitcoin dominate in exchange. nowadays bitcoin continues to be one of the composition of coins with the strongest position in crypto, if you want to exchange or make a new coin as money must be through bitcoin, it's real and it can be used as one of the potential of bitcoin in influencing other crypto coins.
member
Activity: 476
Merit: 88
Online Cryptocurrency Exchange
October 25, 2018, 08:52:25 AM
Bitcoin is a heavy-weight champion, 53% of the total trading volume of all almost 2000 cryptocurrencies (in other words - Bitcoin is traded more than all of the other cryptos COMBINED). When Bitcoin sneezes, all cryptos catch a cold.
member
Activity: 418
Merit: 10
"simply getting the job done"
October 25, 2018, 08:28:23 AM
Bitcoin still has a large influence on Altcoin prices. And then, for now, no one can replace Bitcoin as the owner of the highest price among other coins. I think Bitcoin is still the parent of all Altcoins.
member
Activity: 952
Merit: 41
October 24, 2018, 01:23:15 PM
Well bitcoin being the mother coin of the cryptocurrency world has strong influence on all other altcoins due to the fact that any force that affect the bitcoin market either positively or negatively will also robe on all other tokens and coin in the market, so its in most cases bitcoin that control all other coins in terms of market movement.
sr. member
Activity: 1232
Merit: 250
October 24, 2018, 11:40:35 AM
It is true that Bitcoin affects the other coins, if bitcoin goes down, of course coin - coin is under it and vice versa, as the parent of all coins, of course Bitcoin has a big influence on other crypto coins

Bitcoin does directly affect the market with all the other altcoins, but it is not a parent coin. Better to state it as a primary coin in the market. This happens because of people using this for just an investment and as they see BTC falling, they get frightened and sell off their altcoins as well.
This will soon be solved, once people realize the value of other cryptocurrencies, which has great features and use other than just investing and storing.
newbie
Activity: 5
Merit: 0
October 24, 2018, 09:16:58 AM
bitcoin has a positive and positive impact on other cryptocurrency. bitcoin is very popular in a coin world. People around the world use this bitcoin. Speaking of other cryptocurrency, they are not so popular. And we will notice that bitcoin's price decreases and the price of other coins is reduced. That is to say, the entire market falls.
jr. member
Activity: 210
Merit: 1
October 24, 2018, 03:51:31 AM
Yes, of course, Altcoins are very dependent on Bitcoin itself. I think that this will never change and Bitcoin will continue to dictate the trend in the market
member
Activity: 448
Merit: 10
October 24, 2018, 03:47:17 AM
In my opinion , bitcoin now greatly affect other crypto because most of the investor start with bitcoin  and money they gained from it they invest it to the other coin. Now since bitcoin is falling other crypto also falling apart. With bitcoin movement is directly proportional to the other crypto.
newbie
Activity: 51
Merit: 0
October 24, 2018, 03:22:05 AM
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?

Mostly all follow BTC
newbie
Activity: 179
Merit: 0
October 24, 2018, 03:14:09 AM
We can see how powerful bitcoin is. It is the main reason for ups and downs of other cryptos. Bitcoin has the biggest liquidity on the market which is why people buy altcoins usually with bitcoin.
sr. member
Activity: 658
Merit: 250
October 24, 2018, 12:38:32 AM
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?
in my opinion there must be something to do with alternative currencies like altcoins because bitcoin is to my knowledge a crypto currency pioneer and maybe many investors who use bitcoin become another currency that is affected by the movement of bitcoin
member
Activity: 378
Merit: 10
October 23, 2018, 10:03:56 PM
It is true that Bitcoin affects the other coins, if bitcoin goes down, of course coin - coin is under it and vice versa, as the parent of all coins, of course Bitcoin has a big influence on other crypto coins
newbie
Activity: 21
Merit: 0
October 23, 2018, 09:40:09 PM
The reason for this question will be because BitCoin is the first crypto and the most popular one among the crypto community. So when confidence is shown in it, there's carry over the other cryptos. With decentralized exchanges and the massive success of ICO's, I think this is the beginning for BitCoin, blockchain and other coins.
sr. member
Activity: 980
Merit: 253
October 23, 2018, 11:28:12 AM
The relationship between bitcoin and other cryptos is that when bitcoin is going up, other cryptos also follow the same trend and vice versa. The reason being that any trigger in price that raises the price of bitcoin causes a notion that crypto in general, is gaining more attention and that more people are coming into crypto. It is a fact because people who come into crypto first time, start with bitcoin because it is the crypto with worldwide acceptance and known to many people whether interest or not interested.
full member
Activity: 518
Merit: 101
October 23, 2018, 08:10:52 AM
I think bitcoin is one of the most charismatic cryptocurrencies in the cryptoworld which is very evident that it greatly affects alt coins' market price whenever bitcoin rise up or goes down. That's basically because bitcoin is the base currency that is paired to alt coins.
jr. member
Activity: 153
Merit: 7
October 23, 2018, 05:10:17 AM
Because altcoins investors are simultaneously pumping bitcoin so its price rises. And the altcoin price will fall. And almost altcoin is based on bitcoin that it is connected to collapse and increase.
full member
Activity: 539
Merit: 100
October 23, 2018, 04:20:00 AM
bitcoin is the main index of the entire cryptocurrency market, it has a direct impact on all altcoins
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