Please understand that Bitcoin is the pioneer crypto available in the market. Whatever other cryptos you are seeing today, created after bitcoin found its way to success. So it's not a matter of debate whether the altcoins follow bitcoin or not.
Personally I would say the entire altcoin market is heavily dependent of bitcoin. And very closely mimics its trajectory. But there are some obvious exceptions. Earlier the impact was 100% but now it has reduced to some extent after the introduction of the stablecoins.
Topic: How much does Bitcoin affect other cryptocurrency? - page 6. (Read 779 times)
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?
I don't think you want to 'invest' in USDT, maybe you mean other altcoins that have more volatility like the ETH you mentioned. If you take a look at how the market behaved in the past, I believe you can learn a thing or two about the altcoin movement when Bitcoin is pumping and then went sideways. 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?
As others have mentioned, if you choose a more volatile alts with low supply, for example, you'll get a higher return compared to if you buy BTC. For example, some meme coins only have 1000 supply and it is priced at $1 each, so going from $1 to $10 is giving you a better return compared to BTC going from $40k to $60k if you buy it at $30k. But the risk is probably not worth it most of the time. I'd rather keep buying BTC and just use a disposable income if I want to speculate on some alts. CMIIW.
They are not holding hands for survival, but the entire crypto market depends on bitcoin and its movement. In case bitcoin crashes, the crypto industry will disappear, but if many altcoins die or disappear will never affect bitcoin. That is the peculiarity of the cryptocurrency market.
In this market, when you are investing in many different coins will not help you reduce your risk because it all depends on bitcoin. But they can help you increase your profit if you invest in the right coin because their growth rate is not the same.
In this market, when you are investing in many different coins will not help you reduce your risk because it all depends on bitcoin. But they can help you increase your profit if you invest in the right coin because their growth rate is not the same.
The reality for altcoins is that, they depend on Bitcoin to make a market change at every point, and since Bitcoin is the driving force for other coins in the market, their price relies significantly on the price of Bitcoin.
But since the volume and circulating supplies of altcoins vs BTC differ it makes the market of the market on various coins differ that iiswhy when bitcoin does a 1x price increase altcoins do an x30-x50 so vis visual.
But since the volume and circulating supplies of altcoins vs BTC differ it makes the market of the market on various coins differ that iiswhy when bitcoin does a 1x price increase altcoins do an x30-x50 so vis visual.
I think bitcoin affects some cryptocurrency because the main market uses bitcoin. So if bitcoin goes down and ups also some crypto currencies follows bitcoin. The impact is always there. So don't worry about it because it's been nature in the crypto world.
Hello. A newbie is wondering some stuff 
I am follow an account on Instagram that shows how much bitcoin and some other cryptocurrency´s are worth every 24 hours. and something I have noticed is almost every time bitcoin goes up many other also go up.
And when bitcoin goes down many other also go down, of course this don´t apply everyday and all currency´s.
...
.. ..
Are cryptocurrency holding each other hand in hand in someway or are they independent. It seems that they share something with each other that I don´t know anything about.
I am far away from an expert on this but I am sure many on this forum is and gladly hear what you guys & girls thinks about it.
Wish you the the best.
Best regards CC!
I am follow an account on Instagram that shows how much bitcoin and some other cryptocurrency´s are worth every 24 hours. and something I have noticed is almost every time bitcoin goes up many other also go up.
And when bitcoin goes down many other also go down, of course this don´t apply everyday and all currency´s.
...
.. ..
Are cryptocurrency holding each other hand in hand in someway or are they independent. It seems that they share something with each other that I don´t know anything about.
I am far away from an expert on this but I am sure many on this forum is and gladly hear what you guys & girls thinks about it.
Wish you the the best.
Best regards CC!
They are actually attached to the Bitcoin system like parasites are attached to their host. But some are not really that parasitic as they somewhat benefit Bitcoin, but Bitcoin can exist without them.
They are like blood sucking little creatures. You eat, they eat too. You starve they starve.
The solution is to carefully and gently detached the parasites from the host then they starve and die
Hello. A newbie is wondering some stuff
I am follow an account on Instagram that shows how much bitcoin and some other cryptocurrency´s are worth every 24 hours. and something I have noticed is almost every time bitcoin goes up many other also go up.
And when bitcoin goes down many other also go down, of course this don´t apply everyday and all currency´s.
I upload a picture of two days how it shows ( https://imgur.com/YYJRX7F this is two different days and it looks like this)
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?
Are cryptocurrency holding each other hand in hand in someway or are they independent. It seems that they share something with each other that I don´t know anything about.
I am far away from an expert on this but I am sure many on this forum is and gladly hear what you guys & girls thinks about it.
Wish you the the best.
Best regards CC!
I am follow an account on Instagram that shows how much bitcoin and some other cryptocurrency´s are worth every 24 hours. and something I have noticed is almost every time bitcoin goes up many other also go up.
And when bitcoin goes down many other also go down, of course this don´t apply everyday and all currency´s.
I upload a picture of two days how it shows ( https://imgur.com/YYJRX7F this is two different days and it looks like this)
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?
Are cryptocurrency holding each other hand in hand in someway or are they independent. It seems that they share something with each other that I don´t know anything about.
I am far away from an expert on this but I am sure many on this forum is and gladly hear what you guys & girls thinks about it.
Wish you the the best.
Best regards CC!
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