Topic: If Bitcoin Up then all crypto is Up HOW ? - page 2. (Read 597 times)
As a matter of fact, it is not possible to directly convert the price of most coins to USD. First you have to convert it to bitcoin for any transactions. The point is that its price based on Bitcoin. Accordingly, the price change of Bitcoin is directly affected them.
that's great news. I am very happy because the fresh wind blow again hopefully can make the price of cryiptocurrency to be better .
I think it's also because bitcoin is the one that holds the market and is also very influential on anything in the market if the bitcoin down another coin I see also goes down, although there are also some up.
Certainly because Bitcoin is the leader and the leader in the market. If Bitcoin goes bad, the market melts, so the recovery of the BTC is necessary for the market to hitch a bullish trend
In market there are many coins are there based on this btc is the father of crypto currency also those coins are very much dependable with because people are very much concern for btc price if the price is high people invest more in market but if its low people withdraw and price goes down.
There is nothing fishy or tricky about this. Bitcoin is the king and most times other coins follow its lead. The most important thing is that when there is a bull run, most coins rise as such as Btc.
Bitcoin is the market leader. That’s why so many people’s are connect with this coin. If bitcoin price rise they feel other coins price will also rise. That’s why other coins demand increase and we know if demand increase then price will automatically increase.
Bitcoin is the oldest in the crypto-market. And since the coin has the biggest market capitalization of the moment, almost all other altcoins depend on the growth and fall of bitcoins.Bitcoin is the mother of all coins and they are still dependent on it. Most coins on the market can only be bought through bitcoin.
Its because all coins are created based on bitcoin, so the characteristics of bitcoin is also characteristics of altcoins, when the bitcoin down the altcoins also follow, and if bitcoin up also altcoins follow. And also there are altcoins that can only buy by used of bitcoin. Bitcoin is the foundation of all crypto currency, its like the mother and father of crypto. So when the parents down, children will be affected. 
as we can know that many coins are sold and buy via bitcoin. so its depend on bitcoin price when the bitcoin down the rate of that coin is down too, its not work in bitcoin because as we can see that if we want to buy bitcoin and sell bitcoin we can use USD directly, so the price movement of bitcoin is depend on the demand and the USD value
How its possible its something fishy for sure if bitcoin price goes up all crypto prices goes up its impossible situation every time me see saying it cause each crypto trader buyer and sellers are different and each user who buys crypto buys difrent crypto at one time how come eveyone buys all crypto at one time and all crypto prices goes up at same time did u thought that ever
its for sure something fishy or not convincing what u think of it guys !
https://puu.sh/APGiX/d2e489d444.png
its for sure something fishy or not convincing what u think of it guys !
https://puu.sh/APGiX/d2e489d444.png
It may seem impossible considering that there are hundreds of coins including tokens out there and most of them increasing in value just because Bitcoin does. If we are just to look at the demand or supply, yes we can justify this as impossible as per the examination of OP. We have to look at this differently and this is how you should look at this:
Let us assume that a Bitcoin is valued $1,000 at the moment and an Ethereum is equal to 0.1 BTC.
1BTC = $1,000 and 1ETH = 0.1BTC, thus 1ETH = $100.
If, for instance 1BTC after a day became $1,100 each and 1ETH is still equal to 0.1BTC then,
1BTC = $1,100 and 1ETH = 0.1BTC, thus 1ETH = $110.
Having the same conversion factor of 1ETH = 0.1BTC, ETH increased in value in terms of USD because BTC increased.
I used this explanation because all other coins are convertible in BTC market.
Without looking at the supply and demand for other coin or token, we can clearly see here how most of the coins and tokens increase in value just by Bitcoin increasing.
First I thought that when bitcoin up all altcoins down(people buy bitcoin by selling altcoins)
But the strange truth is the The opposite
But the strange truth is the The opposite
Bitcoin is the oldest in the crypto-market. And since the coin has the biggest market capitalization of the moment, almost all other altcoins depend on the growth and fall of bitcoins.Bitcoin is the mother of all coins and they are still dependent on it. Most coins on the market can only be bought through bitcoin.
How its possible its something fishy for sure if bitcoin price goes up all crypto prices goes up its impossible situation every time me see saying it cause each crypto trader buyer and sellers are different and each user who buys crypto buys difrent crypto at one time how come eveyone buys all crypto at one time and all crypto prices goes up at same time did u thought that ever
its for sure something fishy or not convincing what u think of it guys !
It is simply because bitcoin for me it's like an indicator of overall cryptocurrencies market state, so if the condition on the market is ok then Bitcoin will grow, and of course this works Vice Versa. its for sure something fishy or not convincing what u think of it guys !
Currently Bitcoin (BTC) is dominating the market as most of the altcoins are traded using bitcoin. So, trading of bitcoin affects the price of other altcoins. On the other hand, BTC has the extreme influence over the market. Hence, the whole market is sometimes evavuated by the price of BTC.
Each and every altcoins as well the ico's were depended upon bitcoin in one way or the other. In this manner when there is a price pumping in bitcoin automatically the growth is observed over other altcoins as well crypto tokens. At times things happen in the opposite manner based on the circulation happening with time.
If you look at the graph, you can see that all the cryptos move almost in a same way though they all are different. I think it happens mainly for bitcoin and ethereum because most of the cryptos are traded with the two major coins.
not all the alter coins. because all the alter coins not trade with btc,some trade with eth,usdt like.so that there btc impact less in other trading fair.but also there some truth,btc is god father.when he up others have some impact.
Bitcoin is the main currency for today. It equal like oil. Depending on the price of oil, all currencies of the world also grow or fall. By the same analogy and bitcoin with other cryptocurrencies.
Almost all coins depend on the price level of bitcoin, if its pumping the other good coins pumps also. This is what happened in the past trend and bitcoin really moves the market up with a help of altcoins.
bitcoin is the one of the most popular site in the cryptocurrency, most of the users found it trustable then the others that's why it's has it influence on the market and users judge the market base on it but it not right you shouldn't judge the whole market based on a one shop.
The price of Bitcoin and all other cryptocurrencies are interrelated. The price of all other cryptocurrencies are mostly dependent upon the price of Bitcoin. So, when the price of Bitcoin rises, the price of other cryptocurrencies also increases.
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