Topic: How does Bitcoin affect to the other cryptocurrencies? - page 3. (Read 377 times)
Bitcoin affects on the whole crypto market. Bitcoin is like a benchmark. The current market is bearish and almost all altcoin go down excluding very strong ones. Anyway we need to wait because we do not have a choice we cannot stop the downtrend.
As the price of other altcoins are dependent on the price of BTC. The price of other altcoin affect when the price of BTC falls down. This is happing from the very beginning in the crypto industry and for this reason many of the altcoins price are down due the price fall of 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?
It seems to have something to do, because after all the bitcoin fluctuations will affect Altcoin holders to make decisions.
Everyone waited, and that was the main problem. So it seems like this trend will last for quite a long time.
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?
Of course interconnected, because of the possibility of many exchange markets, they are paired together. Of course it will not be exactly the same, but it seems that if the transaction volume ratio is not too big compared to total marketcap, I think there will still be correlation.
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?
I think quite simple, now more panic can occur. For example when we see Tron going up, while Bitcoin goes down, we will sound the same idea that Tron will soon go down. And in crypto, if everyone has the same mind, then that's what will happen.
Simply because it is essentially of the crypto reserve currency. Any changes price of Bitcoin value will automatically Ethreum value will change also. Bitcoin is the influence the prices of all cryptocurrencies.
As the price of bitcoin falls, the market will be unstable, and then big money will flee. The rising sentiment of altcoin is not high, leading to the price of other crypto-currencies falling.
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?
After making study about cryptocurrency, so far I observed that people are still dependent with the price movement of bitcoin, if you look at the history same pattern is happening and maybe that is why bitcoin affects altcoins.
The BTC's price is like a proxy for confidence in the money market，When the price of BTC starts to fluctuate, then people will choose to sell the token or keep holding it according to the fluctuation.
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?
Unfortunately that's what happened. this is not a good thing, because there are so many coins and all of them have almost the same graph. If there is a coin against the current, especially with a fairly high rise, we begin to think that it may be this coin at the pump. So it seems we are making these trends happen.
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?
Actually not everything, and percentage will not be the same. But this time it seems all connected, and we start thinking that all crypto will depend on Bitcoin. But I'm sure, that in percentage, maybe the growth will be different.
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?
Yes, of course the bitcoin with altcoin is very different, but the bitcoin price is an indicator. This is because when bitcoin prices increase, indirectly altcoin prices also increase, and vice versa. Although basically the price of bitcoin and altcoin is determined by the demand and supply in the trade.
Bitcoin has a vital influence on the cryptocurrency market. As the Bitcoin rate increases, the altcoins will decrease because the capital concentrates mainly on the top 5 coins. Also, crypto like ETH, EOS, XRP, and ADA are also potential cryptos, the rates of these cryptos. It also affects the remaining cryptos in the market.
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?
After making study about cryptocurrency, so far I observed that people are still dependent with the price movement of bitcoin, if you look at the history same pattern is happening and maybe that is why bitcoin affects altcoins.
35+ percents domination in market cap rate and after that you asking how BTC affect on alts?
Through the title of pioneer and also by the most sought price, with this the currency affects the others providing movements of high or downfall. Another factor that we can consider is his fame that is reaching the masses generating more power of manipulation of the prices. To conclude we may perhaps find a lesser force on this theme in the future, with the advance of the altcoins.
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?
I think the problem is that for the time being we still don't have a single coin that has it's priced entirely based on their use case. So basically, prices as based on what people expect them to do in the future, so the majority is still speculation. Since speculation is all that they have in common, it means that whatever bitcoin does, the others will do as well, so that everything remains proportional.
In the future, when these coins are up and running, and being valued almost solely on their use case, this correlation will probably end, because as long as they keep doing what they promise they will remain their value.
When you trade on most of exchanges, what you need to have? bitcoin.
And when you have bitcoin, you can now trade with almost everything in the market. There are some decentralized exchanges that are only for ETH but ETH is also depending to bitcoin.
You sell ETH > bitcoin > USD but there's an option for ETH > USD depending on the exchanges you are using.
And when you have bitcoin, you can now trade with almost everything in the market. There are some decentralized exchanges that are only for ETH but ETH is also depending to bitcoin.
You sell ETH > bitcoin > USD but there's an option for ETH > USD depending on the exchanges you are using.
All other cryptos are fully dependent on Bitcoin. Becasue, BTC has the largest fiat conversion options, while a tiny amount exchange might support altcoins to fiat conversion. This is why all coins price depends on BTC price too.
Bitcoin is currently the crypto leader in the crypto market with the highest exchange rates, and whenever the BTC rate increases or decreases, it affects the remaining crypto. I find that when the market rate increases or decreases, most of the altcoins are affected by the rise of BTC and ETH. Therefore, if the investment is permanent and stable, then ETH and BTC are a reasonable choice.
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