Topic: How does Bitcoin affect to the other cryptocurrencies? (Read 377 times)
As the cost of different altcoins are subject to the cost of BTC. The cost of other altcoin influence when the cost of BTC tumbles down. This is happing from the earliest starting point in the crypto business and consequently a large number of the altcoins cost are down due the value fall of BTC.
Bitcoins as the main cryptocurrency has the volume and the volatility of its affects the price movement of other cryptocurrencies. Any news that affect bitcoins is likely to have impact on alternative currencies.
I did not do deep Analytics but even the naked eye can see that all currencies are moving for bitcoin . not all but big . And what is the reason while I find it difficult to answer
Of course, the Bitcoin price will affect Altcoins. This is because Bitcoin dominates the market by 45%. Inevitably, if the price of Bitcoin down, it is certain Altcoin will drop the price.
The exchange rate of BTC at present has a great influence on the exchange rates of altcoins and ICOs. This is undeniable because at present the exchange rate of BTC is at the highest level in the market, the rate of domination is over 40%, so the BTC exchange rate increases to affect the price of remaining cryptos.
Generally numerous users,traders and speculators make new computerized cash or tokens since they need their own coins/tokens to resemble bitcoin so if that happen they will win a great deal of cash by that and case of that now in altcoins is ethereum this is run as of now in our nation like btc in light of the fact that we utilize this too here as a decent installment strategy like btc so if clients purchase eth in market obviously the cost will grow a ton and the designer will procure so if some altcoins exchange bitcoin obviously the alts will develop at that point if bitcoin exchange to altcoins btc will develop too in showcase distinctive money win by cycle in numerous exchanging ways like btc to alts or alts to btc
Many people say that the prices of the alternate cryptocurrencies are reducing because of the reduction of BTC prices. Bitcoin is know as the first crypto currency but other alternative currencies such as Eth, Ripple, Lite works as individual platforms. Therefore how the other crypto currencies depend on BTCs?
bitcoin only affects Altcoin because Altcoin always follow bitcoin bites and so now many people hold their altcoin because altcoin prices also have not gone up and I know again bitcoin price also affect the crypto market because now the price of bitcoin and crypto market also has not gone up because bitcoin prices have not been stable yet
It is the first crypto and people keep it as Digital Gold even the transaction is slow and higher cost fee then other.
People believe Btc is the King,, then other crypto currency will be affected and follow the BTc.
People believe Btc is the King,, then other crypto currency will be affected and follow the BTc.
Many people say that the prices of the alternate cryptocurrencies are reducing because of the reduction of BTC prices. Bitcoin is know as the first crypto currency but other alternative currencies such as Eth, Ripple, Lite works as individual platforms. Therefore how the other crypto currencies depend on BTCs?
The crypto prices are not following the price of the bitcoin actually, the choices of the traders are following the price of the bitcoin. The affect of the bitcoin is just changing by the changing opinions of the traders.
This has been discussed several times but still interesting, because this problem has no answer that can ensure 100% cause of altcoin dependence on bitcoin. just a basic prediction according to their understanding. My own answer is still same as the other because Bitcoin is parent of all types Altcoin, either from way of mining, scrypt, Block Reward, etc. so regarding other altcoin prices will definitely follow bitcoin price
Bitcoin is the King of the crypto market market and as such, rules the market. You would have noticed by now that a fall in bitcoin price relatively affects the prices of the other coins. This is because many of these coins cannot be purchased directly and bitcoin is needed as a means of exchange.
Many people say that the prices of the alternate cryptocurrencies are reducing because of the reduction of BTC prices. Bitcoin is know as the first crypto currency but other alternative currencies such as Eth, Ripple, Lite works as individual platforms. Therefore how the other crypto currencies depend on BTCs?
Simply because they are made after bitcoin. Bitcoin is the blue print while other crypto currencies are just an carbon copy. Bitcoin is the origin of all currency and without bitcoin then there would be no currency at all.
Bitcoin being the pioneer in crypto currencies greatly affect some altcoins. Most of the countries doesn't have conversion yet from fiat to an altcoin, usually Bitcoin is the first crypto they can purchase before they can convert it to other coins. Bitcoin is still the most popular coin as of today and I don't think that it will be replaced by any other coins anytime soon.
Bitcoin dominates. At present, other cryptocurrencies that bitcoin falls will definitely fall. At present, most exchanges are currency transactions. I think this is a very important reason.
Bitcoin was the first token to combine blockchain and cryptocurrency, so it affected the whole market.
If the price of bitcoin goes down, all the tokens will go down.
If the price of bitcoin goes down, all the tokens will go down.
Many people say that the prices of the alternate cryptocurrencies are reducing because of the reduction of BTC prices. Bitcoin is know as the first crypto currency but other alternative currencies such as Eth, Ripple, Lite works as individual platforms. Therefore how the other crypto currencies depend on BTCs?
It seems like somehow and some way bitcoin is affecting all the other cryptocurrencies there was not even single event when cryptocurrencies would grow and bitcoin would fall instead.
Bitcoin is the leading coin in the cryptocurrency market for a reason. Altcoins depend on Bitcoin and if Bitcoin will fall or grow in price, then altcoins will follow Bitcoin.
yes, it is true. bitcoin give impact to the altcoin and if bitcoin is getting down, this will also happen with altcoin. we need to know where bitcoin price wants to go so we can prevent from something that might happen in the future. I think we need to learn to analyze about bitcoin price so we can predict the trend of bitcoin price and we can decide what we want to do with our altcoin.
Bitcoin is the leading coin in the cryptocurrency market for a reason. Altcoins depend on Bitcoin and if Bitcoin will fall or grow in price, then altcoins will follow Bitcoin.
Altcoins are very influenced by bitcoin. Now there are few coins that have a really operating profitable business, that would grow regardless of market conditions
imo it's the other way around, other currencies that launch up every other day get investors who send their btc exchange for that coin. Which result in bitcoin price decline. Bitcoin gets massive hit from sell off from alt currencies investors.
When the market is turning into the bearish trend and there will be massive selling to the crypto currency especially altcoin. People are thinking if they can take the advantage by holding bitcoin and waiting for the price of altcoin to be declined a lot and they can re-enter to the market again. Bitcoin is dominating all of cryptocurrencies. Jump to: