Topic: If Bitcoin Up then all crypto is Up HOW ? - page 3. (Read 597 times)
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.
Altcoins' prices are actually quite dependent on the prices of the bitcoins. Whenever the price of bitcoins falls, the price of altcoins fall too. That is because the prices are very much pegged with the bitcoins. Now that the prices of the bitcoins are rising, the same is not happening to the altcoins' price too.
That is because Bitcoin is head of all crypto that's why when it's go up the others is go up too and when it's go down they go down as well. so imagine when you had invested on it's lower price a few days ago by now you already making profit isn't it?
Most of altcoins are based on the price of Bitcoin. Since, Bitcoin is rank 1 and most largest market cap among the others. So, expect that they will vary to Bitcoin. Since you are using also Bitcoin to buy other cryptocurrency or some altcoins, basic economics is applied to that.
Currently in a market as young as this, there is always pegging towards Bitcoin. So if Bitcoin is up or down, so the other alts will follow. There are also cases wherein algorithmic bots are doing their job and right now those bart chart patterns are the cause of algorithmic trading most likely. I am not surprised that some of those algo bots also play with alts. Although not all alts are up... some move in their own ways... in their own pace.
In what part it's fishy when bitcoin goes up, altcoins are up too. Do you think that the market is being played by someone that just adjusts the price of everything on his own will?
Each Altcoin is linked to its pricing Bitcoin for this is often followed
And when bitcoin recovers more
Altcoin will also recover
This is true. And when bitcoin recovers more
Altcoin will also recover
every bitcoin percent rises, then it will greatly affect other altcoin, because bitcoin is the king of a very influential digital currency .. !!
Yes I agree with you mate, the king of all crypto coins is bitcoin, if bitcoin rise the other coins will be rise simply because the other coins depends on the bitcoin. Bitcoin is the head and the other coins are the tail.
Bitcoin which is the first crypto currency has faced a dip in its market, not only bitcoin, but rather the whole market of crypto currency. as bitcoin is at the center of the market of crypto currency the price of other crypto currency is linked too the price of bitcoin. This might be because other crypto currencies are bought in exchanged for bitcoin.
Each Altcoin is linked to its pricing Bitcoin for this is often followed
And when bitcoin recovers more
Altcoin will also recover
And when bitcoin recovers more
Altcoin will also recover
But sometime if bitcoin goes falling down some altcoins are uprise in the marketplace because of the demands of the market same situation from bitcoin if the demands high the price become huge.
it has nothing to do with "demands". it is all in the pump and dumps and how they work. sometimes some coin is still it is pump and dump period when bitcoin goes up or down so that particular coin or coins will remain in their own trend. for example if they were being pumped they continue being pumped or if they were getting dumped hard they will go on falling.
hahaha..i was so happy when i logged unto coinmarket cap yesterday. I really don't know how bitcoin does it though what i know is that most altcoins are all under the supremacy and dominancy of bitcoin. That anytime bitcoin goes up they do same and when it goes down they do same. I guess it all proves how bitcoin is KING.
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 !
Your not seeing the big picture. Bitcoin is the founding father of cryptocurrencies as we know them today.its for sure something fishy or not convincing what u think of it guys !
Most crypto coins are traded against Bitcoin and then to fiat. Bitcoin is the medium of exchange to access fiat.
Until other cryptos are traded against fiat directly, Bitcoin will be the go to coin.
The current market depends on Bitcoin to thrive, not just because it's a medium of exchange for fiat, but also because its reputation is on the line as the founding coin. If Bitcoin fails and falls flat on its face, then people will lose hope, faith and the belief, thus the crypto dream begins to fade. Bitcoin depends on supply and demand in order to grow. Naturally, the more users who adopt Bitcoin as the go to digital currency, the larger the network and infrastructure become and the higher the initial market price per coin.
Just my two cents
Something fishy? I don't have any doubts with the market and if there's something fishy in your part, maybe that's just your intuition which tells you that there is something happening wrong to doubt.
Bitcoin goes up and most of the alts are going up too.
Take note: Not all altcoins are going up when bitcoin is up.
Bitcoin goes up and most of the alts are going up too.
Take note: Not all altcoins are going up when bitcoin is up.
every bitcoin percent rises, then it will greatly affect other altcoin, because bitcoin is the king of a very influential digital currency .. !!
This is because bitcoin is the KING in crypto and it determines the fate of all other email coins. I wonder why people find it difficult to believe this truth but it is always obvious. Bitcoin comes down and the whole market is bleeding and when bitcoin is up, there is bull run in the market.
Alts are going up because majority of alts buy are hooked with BTC pairs. If BTC is going up, expect alts to go up too. I believe Bitcoin will go up up to 7.5k, then another consolidation.
I see it to be normal because almost all the altcoins are being traded for bitcoin so if bitcoin price increases then it is obvious that the altcoins price too will increase. For instance if bitcoin is $6000 and ripple is $0.30 and bitcoin happens to move to $10000 then it is normal for ripple to also increase since it is paired with bitcoin in trading.
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 !
I can't explain why it does so happens but I could state a hypothesis. The fact that consumer-wise bitcoin dominates the whole cryptocurrency scene gives it hold even to the control of the price. And since it is the biggest cryptocurrency yet, Everything that happens on bitcoin would seem like it would reflect to smaller cryptocurrencies, therefore, when bitcoin increases, the demand for other coins also increases. its for sure something fishy or not convincing what u think of it guys !
bitcoin is the basis of almost all altcoin, so when the bitcoin price drops then almost all altcoin also has a low price and currently the price of bitcoin has started to rise so almost all altcoin will also start to rise
yes, you are right, 80% of crypto price still depends on bitcoin, good altcoin is altcoin which has good stability, its mean always stable or sometimes rise even though condition of bitcoin is down.
how can it happen? I think it is a founder's strategy to make altcoin always good, so altcoin is still much traded despite the bad market conditions. and it affects the altcoin fluctuations in the market.
how can it happen? I think it is a founder's strategy to make altcoin always good, so altcoin is still much traded despite the bad market conditions. and it affects the altcoin fluctuations in the market.
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