How does Bitcoin affect other Crypto? - page 5.

akiho yoshizawa

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Quote from: Tangow3 on October 16, 2018, 09:59:24 AM

I think it doesn't effect any other cryptocurrency has it is in the top the difference between the bitcoin value and other coin value is also too huge and it won't effect..
Where bitcoin is a boss where boss will be in the top it won't compite with other coins...

the volume of bitcoin is indeed too large and remains above, this is influenced by the volality and confidence of traders to continue to buy bitcoin continuously. But if it's related to price, whatever happens to bitcoin will basically make the movement of the altcoin synergize, if bitcoin experiences bullrun, then the altcoin will be sold only to buy bitcoin that is increasing. altcoin will move again if bitcoin experiences a correction.

tranle1267

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Looking to the future and control myself

i think bitcoin affect quitely to the crypto. Bitcoin now has a hight price and volume, it a leader of crypto. the price of bitcoin will directed affect to the price of atlcoin, when it go down the price of crypto reduce so much and oppsition.

oceantiger

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Bitcoin is the leader of the coins and oit has the the largest volume of the market and the highest price. The impact of the market on bitcoin surely affect the the rest of the altcoin. When bitcoin is trending the altcoin will trend alongside but the bitcoin is going down majority of the altcoin will go down save some few that will maintain the opposite direction like NTY. So i conclude that bitcoin price affect altcoin prices

Tangow3

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I think it doesn't effect any other cryptocurrency has it is in the top the difference between the bitcoin value and other coin value is also too huge and it won't effect..
Where bitcoin is a boss where boss will be in the top it won't compite with other coins...

conected

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Quote from: Pump N Dead on October 16, 2018, 03:37:42 AM

Bitcoin price have a direct effect on altcoin value because Bitcoin is the measurement of the value of altcoins and once Bitcoin goes up the value of altcoin decrease because many altcoin holders are selling their altcoin in exchange of Bitcoin.

- Indeed, the value of bitcoin is almost entirely related to the movement of the market, if it cried, the whole market would be bloody but if it was fun, the market would be more exciting than ever, Bitcoin is always central to altcoin. It is really a great thing to give us confidence about the value and potential of bitcoin in the future but because of such a great dependence, I also always feel worried, if bitcoin does not become better in the future, crypto will also be affected and no longer generate profits for investors

airdnasxela

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Well there are many possibilities on how bitcoin affects other cryptocurrencies that are available in the digital world. One thing is that sometimes, when bitcoin value goes up, altcoins goes down because usually, altcoins go on how bitcoin goes, meaning their prices are inversely proportional. There are also rare case where the opposite happens, they are directly proportional. But to the point that there is a significant effect of bitcoin to altcoins value, it means that bitcoin can really affect other cryptocurrencies .

Malam90

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Basically, value of altcoins depend on Bitcoin price. When Bitcoin price dumps, altcoins price also dump but value in Bitcoin may be unchanged. That's why price of altcoins flactuates with the flactuation of Bitcoin.

Dirk2017

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Quote from: Louis Jackson on October 16, 2018, 03:54:31 AM

generally speaking, altcoins depends on bitcoins. When there is a decline on bitcon , there is also go down trend in the altcoins. But It is not always, there are also some exceptions.

Well bitcoin is the one who exist first in crypto world, bitcoin is the king of all coins, generally speaking all crypto coins depend only on bitcoin, bitcoin proves how worth he is, and there are some coins that has potential.

Louis Jackson

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generally speaking, altcoins depends on bitcoins. When there is a decline on bitcon , there is also go down trend in the altcoins. But It is not always, there are also some exceptions.

Pump N Dead

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Bitcoin price have a direct effect on altcoin value because Bitcoin is the measurement of the value of altcoins and once Bitcoin goes up the value of altcoin decrease because many altcoin holders are selling their altcoin in exchange of Bitcoin.

Faraha_JJJ

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Not all altcoins have dependencies on big boys like ETH and BTC. Some of the altcoins tend to move irrespective of ETH and BTC price. You may want to see the historical data of altcoins and deduce the behaviour. I am not a trader , I hold on to tokens and wait till the platform goes live and then decide.

revive7up

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In the digital co-branding market Bitcoin is king, simply as it strong as then the US dollar. However, that does not mean they aren't affected by other types of electronic money such as Ethereum, Ripple, Litecoin, etc. The electronic coins that affect each other make the crypto market more and more developed.

Shannon98

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Prices are based on Bitcoin as a gold standard because Bitcoin is the first mainstream cryptocurrency.

Cryptocurrencies were designed as a unit of exchange and as a place to store assets without relying on a central bank. Bitcoin is often seen as the ‘reserve currency’ of the cryptocurrency world. Rises and falls to the price of bitcoin often has a knock on effect with other cryptocurrencies. As bitcoin was the first mainstream cryptocurrency and is the most supported, the price of bitcoin can often influence the other cryptocurrencies.

samules

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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.

Bangete

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there is no single entity that controls the price of Bitcoin. The issue of hackers is also a determinant of the fluctuating price of bitcoin. Investors, traders and bitcoin users will experience panic when there are parties who lose a lot of bitcoin because they are hacked. Because of this panic, it will increase bitcoin sales transactions in bulk.

rudox

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Generally when bitcoin price goes up the altcoins price normally goes up with it at least majority of them. But your scenario is quite opposite what we have experienced so i may tend to believe that it has to do with that particular altcoin you are holding. I know of an altcoin that goes up when bitcoin goes down and goes down when bitcoin goes up. This is in opposition against the other altcoins that moves in the same direction with bitcoin. This is my won experience.

Cryptrx

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Bitcoin having the highest market cap affects other coins because it's the most tradded against other coins, so when it's rising or dumping people sell other coins to buy more bitcoin thereby crashing the price of other coins.

paulk11087

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In fact, as we will see today, bitcoin has an incredible impact on altcoins. A small increase and a fall followed by a decline of almost 10 percent. this clearly shows how effective it is.

ShiroThe5th

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Maybe because all transaction and exchange is needed to pass first to bitcoin. Bitcoin is the medium of exchange im crypto.

ophyrim

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The trust or distrust of investors to the bitcoin also bring the trust or distrust to the other alts. Thats why before alts movement, generally btc moves and alts follow btc with a multiplier.

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