Pages:
Author

Topic: Is Bitcoin and Altcoin price related? - page 4. (Read 4612 times)

legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
February 03, 2015, 11:16:50 AM
#10
they were always related. its like gold and silver. Litecoin is Bitcoins little extreme brother.
full member
Activity: 574
Merit: 104
February 03, 2015, 11:02:11 AM
#9
bitcoin down . ltc down thats normally
bitcoin affect with all altcoin i think.

most, not all
sr. member
Activity: 311
Merit: 250
February 03, 2015, 10:12:54 AM
#8
Aside from a squeeze here and there LTC follows BTC faithfully but it drops harder than it rises usually. That's what i've seen in the last few months at least.
So are other alts unless they have something going on...
newbie
Activity: 14
Merit: 0
February 03, 2015, 10:07:36 AM
#7
bitcoin down . ltc down thats normally
bitcoin affect with all altcoin i think.
hero member
Activity: 1372
Merit: 783
better everyday ♥
February 03, 2015, 10:00:32 AM
#6
No relation or correlation from Alts to Bitcoin at the moment.

LTC used to be paired with with BTC price wise, but they depaired sometime in early 2014.

Litecoin used to be the Silver to Bitcoins Gold, but no longer.  They're truly independent of each other.

I personally think Litecoin is near it's death bed.  It's own creator is pretty much abandoning all development on it.

http://newsbtc.com/2014/12/21/charlie-lee-litecoin-not-need-development-right-now/

sr. member
Activity: 462
Merit: 250
I can draw your avatar!
February 03, 2015, 09:42:24 AM
#5
Given that 99% of altcoin purchases are done via bitcoin, you would expect that a 10% increase in bitcoin would by default translate into a 10% rise in altcoin prices, measured from a fiat baseline. But there is so much volatility in altcoin markets that it can be hard to spot that correspondence.

If I recall correctly, LTC value has been increasing of late as priced in satoshis, not just fiat. But that's just a small recovery of the great losses in  value that LTC has suffered over the past year, far more than BTC. So I wouldn't make much of it yet.

Noticed that the rise and fall of the BTC also affects the LTC, so they are somewhat related, but not so much you can put a direct refference to it BTC could go up when LTC is going down or the other way arround, it is how the market works, I tend to buy LTC when BTC is high and sell LTC when BTC is low, so in the end I have more BTC Smiley
legendary
Activity: 1789
Merit: 1008
Keep it dense, yeah?
February 03, 2015, 09:27:47 AM
#4
Over the past year or so I've seen altcoins thrive and dive with Bitcoin accordingly.

With that said coins like LTC have tanked dramatically compared to XBT, you only need to look at the XBT/ALT graphs.
sr. member
Activity: 254
Merit: 1258
February 03, 2015, 09:26:22 AM
#4
LTC used to be pretty related to BTC but now it seems that it has just been down down down no matter what happens with BTC, this uptrend is a good sight to see for the litecoiners.
legendary
Activity: 1708
Merit: 1036
February 03, 2015, 09:17:32 AM
#3
Given that 99% of altcoin purchases are done via bitcoin, you would expect that a 10% increase in bitcoin would by default translate into a 10% rise in altcoin prices, measured from a fiat baseline. But there is so much volatility in altcoin markets that it can be hard to spot that correspondence.

If I recall correctly, LTC value has been increasing of late as priced in satoshis, not just fiat. But that's just a small recovery of the great losses in  value that LTC has suffered over the past year, far more than BTC. So I wouldn't make much of it yet.
hero member
Activity: 644
Merit: 500
My goal is becaming a billionaire.
February 03, 2015, 09:10:54 AM
#2
Litecoin is on an upward trend, so as Bitcoin http://bit.ly/1x5QyYQ

Do you think both these coin's price trend in anyway related?

I don't see any relation to be honest , the prices depends on Supply and demand and since they are two different currencies there is no relation
only relation it can be if one of them is down. let's say Bitcoin is down and dead , most of people will go looking to another Alternative coin and Litecoin may be their first choice so that should increase the price of Litecoin other then that I don't see any relation as I said

~ Madness
full member
Activity: 135
Merit: 100
A.K.A The Black Marvel
February 03, 2015, 08:54:36 AM
#1
Litecoin is on an upward trend, so as Bitcoin http://bit.ly/1x5QyYQ

Do you think both these coin's price trend in anyway related?
Pages:
Jump to: