I put it to us that Bitcoin influences all cryptocurrency. Every other coins are dependent on Bitcoin. Once Bitcoin price increase u see other coins increasing and once it is down they go down with it.
The reason for the decrease in price of other cryptocurrency coins with bitcoin is that almost all coins are listed on the exchange in bitcoin pair, so if the price of bitcoin decreases or increases, it automatically affects other altcoins. For example, if the price of a token is 100 satoshi, then if the price of bitcoin increases, it will definitely increase relative to the dollar, if the price of bitcoin decreases. The price of that token will fall against the dollar. this is how the price of the token in the market fluctuates with Bitcoin 
Topic: How much does Bitcoin affect other cryptocurrency? - page 3. (Read 757 times)
Cryptocurrency markets tend to go up and down in relation to the Bitcoin market. When the Bitcoin market goes down, the price of all other cryptocurrencies also goes down. When the value of Bitcoin starts to increase, all crypto currencies also increase. If you mainly invest in Bitcoin or Ethereum, it will be your wealth in the future. But if you invest in USDT then you will not get any profit as it is a stable coin. So you need to get expertise from a good consultant about this so you can understand. You must invest Bitcoin and this investment will never fail but Bitcoin has a near future.
indeed if the btc price goes up then the altcoin will also go up, and if bitcoin goes down then the altcoin will also go down.
but in my opinion btc investment if the capital is small the profit is small,
but if you invest in altcoins, even though the capital is small, you have the potential to get big profits because altcoin increases can be up to 1000%, even more than 1000%.
but investing in altcoins has a very large risk of loss and has the potential to drain our money, but if we invest in bitcoin, of course it will be safe because even if the price of btc drops it will have the potential to rise again,
but for altcoins sometimes there are those who cannot return to their highest prices even though the price of btc rises because even though it rises it only rises slightly, so basically this is a security problem.
but in my opinion btc investment if the capital is small the profit is small,
but if you invest in altcoins, even though the capital is small, you have the potential to get big profits because altcoin increases can be up to 1000%, even more than 1000%.
but investing in altcoins has a very large risk of loss and has the potential to drain our money, but if we invest in bitcoin, of course it will be safe because even if the price of btc drops it will have the potential to rise again,
but for altcoins sometimes there are those who cannot return to their highest prices even though the price of btc rises because even though it rises it only rises slightly, so basically this is a security problem.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
USDT is a stablecoin, it doesn't have any volatility to make a profit, I don't think anyone will invest in it, this is the first time I heard of investing in USDT, LOL.
The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.
Maybe no one will invest in USDT but we do not know. But USDT can be a good solution to prevent a down value on your asset so I think that will be a good place to invest in USDT for a while until the market increases again. But FYI, USDT is a good place to stake The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.
When the market is volatile, many investors have a habit of converting their crypto assets into USDT and that cannot be called an investment. The stablecoins only act as an intermediary, there are also many people who don't like their assets in USDT, they always convert to fiat when the market fluctuates.
Staking USDT on centralized exchanges for meager profit while we will take big risks, is it worth it? As far as I know, the profit when staking USDT only equals the bank savings interest rate. If it were me, I would rather deposit my money in a bank than deposit my assets in CEX. Banking and CEX are basically the same things, but at least banking is safer.
It seems worth it as long as it's a large exchange like Binance. Moreover, if you save in a bank, you must save a large amount to get bank savings interest rates. If the amount of money is small, I'm afraid it will only be to pay for the expenses that you have to pay each month. If so, in my opinion, it's better just to stake USDT on the exchange because there are no fees when we stake the USDT. But each people will have their own plan for what to do regarding the market situation.
USDT is a stablecoin, it doesn't have any volatility to make a profit, I don't think anyone will invest in it, this is the first time I heard of investing in USDT, LOL.
The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.
Maybe no one will invest in USDT but we do not know. But USDT can be a good solution to prevent a down value on your asset so I think that will be a good place to invest in USDT for a while until the market increases again. But FYI, USDT is a good place to stake The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.
When the market is volatile, many investors have a habit of converting their crypto assets into USDT and that cannot be called an investment. The stablecoins only act as an intermediary, there are also many people who don't like their assets in USDT, they always convert to fiat when the market fluctuates.
Staking USDT on centralized exchanges for meager profit while we will take big risks, is it worth it? As far as I know, the profit when staking USDT only equals the bank savings interest rate. If it were me, I would rather deposit my money in a bank than deposit my assets in CEX. Banking and CEX are basically the same things, but at least banking is safer.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
USDT is a stablecoin, it doesn't have any volatility to make a profit, I don't think anyone will invest in it, this is the first time I heard of investing in USDT, LOL.
The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.
Maybe no one will invest in USDT but we do not know. But USDT can be a good solution to prevent a down value on your asset so I think that will be a good place to invest in USDT for a while until the market increases again. But FYI, USDT is a good place to stake The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.
Finding the right altcoin is difficult because we have to check each altcoin and there is no guarantee that an altcoin currently in a good position will continue to be profitable. Maybe that's why altcoins can only be short- and medium-term investments so that bitcoin is still the best for long term investments. Bitcoin and altcoin returns are different, but we want to benefit from both, so we want to have many altcoins that can provide benefits.
USDT is a good alternative to fiat as it would be very labor intensive to go into fiat every time. USDT is very well suited to take profits and wait for some time before a new purchase, and if you no longer plan to use some part for further investments, then of course you should cash them out.
You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.
Searching for altcoins from the list of altcoins on the market takes a long time because, apart from the top lists, we also have to look beyond that because there are altcoins that can improve in the future. And we would never have thought that altcoins could rise high and replace the top positions. And the risk of increasing bitcoin prices will affect altcoin prices so we must be careful in choosing altcoins as investments. You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.
Who knows if anyone wants to invest in USDT but I guess people keep USDT only for a while when the price of the crypto goes up so they wait for the price to go down to start buying the coins they want.
Maybe what you said is right but we don't know when the altcoin price will increase and also, we don't know which altcoin will increase. If you choose ETH or BNB, you may get a better profit. But if you compare it to investing in Bitcoin with the same amount, I think your profit will also be better if you invest for the long term. But whatever it is, you must find the right coin because we have a list of different coins to invest in.
USDT is a good alternative to fiat as it would be very labor intensive to go into fiat every time. USDT is very well suited to take profits and wait for some time before a new purchase, and if you no longer plan to use some part for further investments, then of course you should cash them out.Maybe what you said is right but we don't know when the altcoin price will increase and also, we don't know which altcoin will increase. If you choose ETH or BNB, you may get a better profit. But if you compare it to investing in Bitcoin with the same amount, I think your profit will also be better if you invest for the long term. But whatever it is, you must find the right coin because we have a list of different coins to invest in.
You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.
I put it to us that Bitcoin influences all cryptocurrency. Every other coins are dependent on Bitcoin. Once Bitcoin price increase u see other coins increasing and once it is down they go down with it.
USDT is a stablecoin, and no one invests in stablecoins knowing they have their value pegged with US dollars and have zero volatility hence no chances of getting profit. I don't see why would someone compare Bitcoin or any other cryptocurrency with USDT or any other stablecoin since they have different natures and use cases.
Technically it's possible, but unlikely people interested about it.Let's say you invest $1,000,000 in USDT when the price is $0.9998, so you now have 1,000,200 USDT. If the USDT price went up to $1.0018 and you sell it, now you have $1,001,700. But it's just a rough calculation, you still need to consider about the trading fee and exchange fee.
And yeah it's hilarious to compare Bitcoin with USDT in investment.
Investing in BTC for $1000 for 1 year might make you a big profit while investing in ETH will depend on how the price moves. If the price of BTC goes up after 1 year, it will also affect the price of ETH so you can also benefit from BTC and ETH. But if the price of BTC has not been able to increase after 1 year, you still have a chance to profit in the long term.
But if you invest in USDT, if you don't use a lot of money, your profit will not be big because the price movement of USDT is not that big compared to BTC. So people prefer to invest in BTC because the return on investment is bigger.
Altcoins hold on to BTC while BTC stands alone and influences altcoin prices. Maybe I'm wrong on this and you should look for more info.
USDT is a stablecoin, and no one invests in stablecoins knowing they have their value pegged with US dollars and have zero volatility hence no chances of getting profit. I don't see why would someone compare Bitcoin or any other cryptocurrency with USDT or any other stablecoin since they have different natures and use cases.But if you invest in USDT, if you don't use a lot of money, your profit will not be big because the price movement of USDT is not that big compared to BTC. So people prefer to invest in BTC because the return on investment is bigger.
Altcoins hold on to BTC while BTC stands alone and influences altcoin prices. Maybe I'm wrong on this and you should look for more info.
You could say the same for another altcoin but even that wouldn't be true. To get more profits from Bitcoin, you will need a bigger capital while you can earn better profits in the short-term if you invest the same amount in any altcoin.
Maybe what you said is right but we don't know when the altcoin price will increase and also, we don't know which altcoin will increase. If you choose ETH or BNB, you may get a better profit. But if you compare it to investing in Bitcoin with the same amount, I think your profit will also be better if you invest for the long term. But whatever it is, you must find the right coin because we have a list of different coins to invest in.
USDT is a stablecoin, it doesn't have any volatility to make a profit, I don't think anyone will invest in it, this is the first time I heard of investing in USDT, LOL.
The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.
My real question maybe is. If cryptocurrency´s follow each other. whats the difference if you invest in BTC or ETH or USDT for example. If you invest in all three $1000 each.
How will it look at each invest after example 12 months? I understand its impossible to predict something like this, but some guideline.
If they follow each other very often with +/- then the profit/loss should not be a huge difference?
How will it look at each invest after example 12 months? I understand its impossible to predict something like this, but some guideline.
If they follow each other very often with +/- then the profit/loss should not be a huge difference?
Every cryptocurency follows the direction of Bitcoin, when Bitcoin is pumping others get pumped as well. When Bitcoin is dumping others get dumped as well. The only time there might be a different is when there's a bullish news for a particular altcoins and it rise when bitcoin and other altcoins are dumping but that doesn't happen everytime.
At times the influence of Bitcoin overshadows other positive news for those altcoins and they dump because Bitcoin is dumping even when they have positive news surrounding them. The difference is the price gain for the altcoins, they can't be the same due to many reasons.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Investing in BTC for $1000 for 1 year might make you a big profit while investing in ETH will depend on how the price moves. If the price of BTC goes up after 1 year, it will also affect the price of ETH so you can also benefit from BTC and ETH. But if the price of BTC has not been able to increase after 1 year, you still have a chance to profit in the long term.
But if you invest in USDT, if you don't use a lot of money, your profit will not be big because the price movement of USDT is not that big compared to BTC. So people prefer to invest in BTC because the return on investment is bigger.
Altcoins hold on to BTC while BTC stands alone and influences altcoin prices. Maybe I'm wrong on this and you should look for more info.
USDT is a stablecoin, and no one invests in stablecoins knowing they have their value pegged with US dollars and have zero volatility hence no chances of getting profit. I don't see why would someone compare Bitcoin or any other cryptocurrency with USDT or any other stablecoin since they have different natures and use cases.But if you invest in USDT, if you don't use a lot of money, your profit will not be big because the price movement of USDT is not that big compared to BTC. So people prefer to invest in BTC because the return on investment is bigger.
Altcoins hold on to BTC while BTC stands alone and influences altcoin prices. Maybe I'm wrong on this and you should look for more info.
You could say the same for another altcoin but even that wouldn't be true. To get more profits from Bitcoin, you will need a bigger capital while you can earn better profits in the short-term if you invest the same amount in any altcoin.
Maybe what you said is right but we don't know when the altcoin price will increase and also, we don't know which altcoin will increase. If you choose ETH or BNB, you may get a better profit. But if you compare it to investing in Bitcoin with the same amount, I think your profit will also be better if you invest for the long term. But whatever it is, you must find the right coin because we have a list of different coins to invest in.
Other crypto currency depends largely on BTC. BTC is like the lifewire of the crypto space and that's why whenever there's a dump on BTC, it literally affects all other altcoins.
Investing in BTC for $1000 for 1 year might make you a big profit while investing in ETH will depend on how the price moves. If the price of BTC goes up after 1 year, it will also affect the price of ETH so you can also benefit from BTC and ETH. But if the price of BTC has not been able to increase after 1 year, you still have a chance to profit in the long term.
But if you invest in USDT, if you don't use a lot of money, your profit will not be big because the price movement of USDT is not that big compared to BTC. So people prefer to invest in BTC because the return on investment is bigger.
Altcoins hold on to BTC while BTC stands alone and influences altcoin prices. Maybe I'm wrong on this and you should look for more info.
USDT is a stablecoin, and no one invests in stablecoins knowing they have their value pegged with US dollars and have zero volatility hence no chances of getting profit. I don't see why would someone compare Bitcoin or any other cryptocurrency with USDT or any other stablecoin since they have different natures and use cases.But if you invest in USDT, if you don't use a lot of money, your profit will not be big because the price movement of USDT is not that big compared to BTC. So people prefer to invest in BTC because the return on investment is bigger.
Altcoins hold on to BTC while BTC stands alone and influences altcoin prices. Maybe I'm wrong on this and you should look for more info.
You could say the same for another altcoin but even that wouldn't be true. To get more profits from Bitcoin, you will need a bigger capital while you can earn better profits in the short-term if you invest the same amount in any altcoin.
Altcoins in the cryptocurrency market do not necessarily follow each other; rather, they tend to track Bitcoin's movements. When Bitcoin experiences price fluctuations, many altcoins react promptly, while others may follow suit at a later time. This phenomenon is evident during pump-and-dump scenarios as well. However, there are instances when altcoins behave differently, even when Bitcoin remains relatively stable. Nonetheless, it is not surprising that the overall market heavily relies on Bitcoin's movement, considering its prominent position within the cryptocurrency ecosystem.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
It all boils down to dominance, there are currently thousands of cryptocurrencies excluding bitcoin and Ethereum, and in all of this coins, bitcoin currently has the highest market dominance and Ethereum is following, so what does this mean?
It simply means that, when the price if bitcoin goes up, there is a chance it will drag the price of other crypto coins up with it, and it is also the same when it goes down, but this does not mean that every crypto work hand in hand, crypto currencies are independent of each other, it's just that we are still very early and the market is still growing, a time wil come when bitcoin has far lesser dominance on the market, it's movement won't affect other crypto currencies any more.
It simply means that, when the price if bitcoin goes up, there is a chance it will drag the price of other crypto coins up with it, and it is also the same when it goes down, but this does not mean that every crypto work hand in hand, crypto currencies are independent of each other, it's just that we are still very early and the market is still growing, a time wil come when bitcoin has far lesser dominance on the market, it's movement won't affect other crypto currencies any more.
Cryptocurrencies do not go hand in hand, although yes they have cooperation with each other in terms of development and marketing, but in my view they are all competing with each other to survive in the market, they are competing to increase the effectiveness and efficiency of the services they perform. then how about bitcoin, does it have a big influence on altcoins? according to yes, of course bitcoin has a high dominance of influence, because 80% of Altcoins follow bitcoin's movements in its price volatility and become a reference symbol for all blockchain networks.
Bitcoin being the biggest symbol and icon of crypto or decentralized digital currency, if Bitcoin doesn't have influence, I don't think any alt will exist.
Bitcoin being the biggest symbol and icon of crypto or decentralized digital currency, if Bitcoin doesn't have influence, I don't think any alt will exist.
In my opinion Bitcoin has a significant impact on the crypto market because it is a reference for investors to be able to determine their steps in crypto investment. When the price of Bitcoin tends to increase, investors will start buying Altcoins because they are quite confident that they will be able to get profit from it and it is not only done by one investor, but many. Therefore, when the price of Bitcoin tends to increase, the price of other crypto will also increase and vice versa.
this maybe true to some alts particularly the top alts. but some have their own market performance because it depends on how the team is manipulating their market esp if the market volume is small where they can basically dictate where it will head to.
the influence of btc is limited to some alts, so if you are into investing in alts, you also need to dig deeper and not only observe the btc movements. the performance of the alts in the market is heavily dependent on the actual developments of the alt itself.
In my opinion Bitcoin has a significant impact on the crypto market because it is a reference for investors to be able to determine their steps in crypto investment. When the price of Bitcoin tends to increase, investors will start buying Altcoins because they are quite confident that they will be able to get profit from it and it is not only done by one investor, but many. Therefore, when the price of Bitcoin tends to increase, the price of other crypto will also increase and vice versa.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Investing in BTC for $1000 for 1 year might make you a big profit while investing in ETH will depend on how the price moves. If the price of BTC goes up after 1 year, it will also affect the price of ETH so you can also benefit from BTC and ETH. But if the price of BTC has not been able to increase after 1 year, you still have a chance to profit in the long term.
But if you invest in USDT, if you don't use a lot of money, your profit will not be big because the price movement of USDT is not that big compared to BTC. So people prefer to invest in BTC because the return on investment is bigger.
Altcoins hold on to BTC while BTC stands alone and influences altcoin prices. Maybe I'm wrong on this and you should look for more info.
But if you invest in USDT, if you don't use a lot of money, your profit will not be big because the price movement of USDT is not that big compared to BTC. So people prefer to invest in BTC because the return on investment is bigger.
Altcoins hold on to BTC while BTC stands alone and influences altcoin prices. Maybe I'm wrong on this and you should look for more info.
Jump to: