How does Bitcoin affect other Crypto? - page 6.

denzkilim

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Quote from: bitbunnny on October 15, 2018, 04:18:58 AM

The way I see this situation is that Bitcoin is some central value referal for other coins and their value is great deal compared with Bitcoin.
Also, I could say that almost all other coins are created with purpose to achieve Bitcoin's success and to be so valuable and accepted, which is not going to happen but Bitcoin is still influencing great deal on them.
This is also confirmed on the situation on the market where we can see how fluctuations on Bitcoin price influence the price of altcoin.

Correct, Bitcoin has a very big role in those Altcoins that are spreading and sprouting all over the crypto space because of most of this new Altcoins have a pairing to Bitcoin and their value depends on Bitcoin's value and it is proven because whenever Bitcoin is going down almost every Altcoins under Bitcoin is also falling and also decreasing its value.
Bitcoin is like the father of all crypto currencies because this is the one who started it all and almost every crypto currencies that sprouts are just a copy of Bitcoin with some modifications and adjustments to make it look original. Cool

Nanagyasi

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Btc has long ruled the market and I believe this trend will ccontinue for long. Studying the market trend well, you will see that btc has is central to all trading such that for one to even buy an altcoin, he will need to use btc.

wangchagongcha

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Bitcoin is the king of digital money so I think it has a role affect in the crypto market as well as other Altcoin, albeit with little effect.

xbiv2

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Quote

How does Bitcoin affect other Crypto?

All altcoins is SCAM, scamers convert all money of scamed people into BTC.
SCAMers cannot use fiat for keep this criminal money.

Angna27

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CRYPTOBLADES Octoblades 10.10

They say that when bitcoin increase it has a tremedous effect in all other coins, bitcoin is their basis that when it increase their coins too will get a chance to push and moved to become one potential coin and the value of coins in the market will also be moving.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

The way I see this situation is that Bitcoin is some central value referal for other coins and their value is great deal compared with Bitcoin.
Also, I could say that almost all other coins are created with purpose to achieve Bitcoin's success and to be so valuable and accepted, which is not going to happen but Bitcoin is still influencing great deal on them.
This is also confirmed on the situation on the market where we can see how fluctuations on Bitcoin price influence the price of altcoin.

Shannon98

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Bitcoin is the first cryptocurrency, despite the rise in Altcoins, Bitcoin still has the advantage of being widely recognized.

cotton ball

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Quote from: peacefulpeace on October 14, 2018, 12:01:14 PM

yes, the prices of altcoin are greatly dependent on bitcoin, bitcoin is more a medium of measuring altcoin, if for instance you want to invest or buy an altcoin, it is mandatory you convert your fiat currency to bitcoin before purchasing that altcoin. So definitely the price of bitcoin will determine the value of altcoin too.

You are right, but it should be stressed that there are currently many exchanges that have direct fiat-altcoin conversion features, so there is no need to go through bitcoin first, I have another reason where cryptocurrencies have a special benchmark on bitcoin.

the most important aspect is fundamentally as the highest volume and still the best crypto conversion center for now, whatever happens to bitcoin prices will make Fomo for every trader to keep trying to balance assets even in bad conditions. panic levels were greatly affected when bitcoin fell and they also chose to sell altcoins for temporary conversion to fiat.

peacefulpeace

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yes, the prices of altcoin are greatly dependent on bitcoin, bitcoin is more a medium of measuring altcoin, if for instance you want to invest or buy an altcoin, it is mandatory you convert your fiat currency to bitcoin before purchasing that altcoin. So definitely the price of bitcoin will determine the value of altcoin too.

Argoo

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Quote from: RokokGudangGaram on October 13, 2018, 09:34:58 AM

Quote from: beliomir on October 13, 2018, 12:20:29 AM

All Altcoins follow Bitcoin, only stronger. If bitcoin drops by 2% then altcoin by 10%

because from the past until now bitcoin has a big influence on other crypto because bitcoin has been used as a benchmark price for crypto under it. so if bitcoin experiences an increase and decreases, surely other crypto will also follow bitcoin onwards

It's just that bitcoin has a very high level of market capitalization. This gives him the opportunity to dominate other types of cryptocurrency. In this connection, Altcoins repeat the Bitcoin price movement: the price of Bitcoin increases, and the Altcoins increase, Bitcoin drops, and the entire cryptocurrency falls. Of course, this situation is not very normal and I think that the market will someday find a way out of the current unhealthy situation.

sajjad100

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Coin Hunter

Since Bitcoin costs area unit increasing endlessly numerous traders can pull out their cash from alternative cryptos and begin finance in bitcoins that is why we'll see altcoin costs are down once Bitcoin is pumping. however, when Bitcoin costs stabilize then we are able to see the altcoins moving up. however, a number of smart|the great|the nice} altcoins like IOTA remains doing good. it absolutely was around zero.2 USD a few weeks back and the current value is nearly $1. simply got to opt for the great altcoin to take a position.

Anyway, traditionally speaking, altcoins invariably follow Bitcoin therefore once they value of altcoins goes up it suggests that probably the value of Bitcoin went up additionally and typically once Bitcoin crashes then it suggests that altcoins area unit progressing to crash too. but this point it appears not all of the altcoins area unit rising, however most likely as a result of there area unit additional currently than ever before and not enough folks comprehend them to trouble finance once they will simply get Bitcoin and it's plenty safer. supported that my recommendation is to try to your analysis before finance in altcoins.

NEERAJ ANAND

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Bitcoin has a major rule in this market and all coins follow its trend. If bitcoin goes down then all coins are dropping and drop more then bitcoin and when it reverses its trend, they also start moving in the same direction.

Master of Shitcoins

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Well, Bitcoin can be seen as a blue chip, but it's not secure to be so in the future. There are many shitcoins now following the BTC price and it's likely, that they will be dumped hardly later and be useless offering no value for holders.

Corelianer

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Bitcoin is urination for the entire market, from its oscillations depends on all the other coins, so it will be while he is in the first place by market capitalization

Camilla Gill

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-Macro factor (Market direction) - Usually at a very high level the direction of Bitcoin sets the sentiment andn mood of cryptocurrency market. This is because it currently has highest market cap and usually highest transaction volumes too.
-Micro factor (Daily moves) - A huge price change moves the other crypto in an inverse direction. This is because traders use Bitcoin to buy others and hold profits in Bitcoin too. This effectively means they shell out more even if price of other currencies unchanged.

alexhunter54

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as i know other coins follow bitcoin and they are dependent from bitcoin if price is high then also the others price goes up and via versa but i am not sure if it happens in this way maybe there is something else .

Heidi Farrell

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Bitcoin is the pioneering cryptocurrency and hence the most popular one among the crypto community. Most of the crypto exchanges offer Bitcoin as one of the cryptocurrencies in the trading pairs available on their platform. Furthermore, fiat to crypto gateways accept only a handful of cryptocurrency pairs that include Bitcoin as one.
So, someone who does not hold any cryptocurrency and wants to buy altcoins, he will have to buy either of the primary cryptocurrencies. Google search results reveal that Bitcoin is the most searched one among the four primary cryptocurrencies. When the same person wants to sell his altcoins, he will have to exchange them against one of the primary cryptocurrencies for fiat. This proves that the crypto investments are linked to Bitcoin some way or the other.

gilangIDR

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Quote from: RokokGudangGaram on October 13, 2018, 09:34:58 AM

Quote from: beliomir on October 13, 2018, 12:20:29 AM

All Altcoins follow Bitcoin, only stronger. If bitcoin drops by 2% then altcoin by 10%

because from the past until now bitcoin has a big influence on other crypto because bitcoin has been used as a benchmark price for crypto under it. so if bitcoin experiences an increase and decreases, surely other crypto will also follow bitcoin onwards

The big influence of bitcoin cannot be avoided. This is because bitcoin has become a major currency. Just like us dollars in the real world. Everything that happens to bitcoin will definitely have an impact on other coins. This will always happen at any time and for anyone who wants to invest in altcoin they must always see the development and movement of bitcoin.

RokokGudangGaram

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Quote from: beliomir on October 13, 2018, 12:20:29 AM

All Altcoins follow Bitcoin, only stronger. If bitcoin drops by 2% then altcoin by 10%

because from the past until now bitcoin has a big influence on other crypto because bitcoin has been used as a benchmark price for crypto under it. so if bitcoin experiences an increase and decreases, surely other crypto will also follow bitcoin onwards

Jvcki Waii

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Bitcoin sideway= Atlcoin bump
Bitcoin bump= Atlcoin bump or dump
Bitcoin dump= Atlcoin dump

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