Topic: Is it bad for altcoin that BTC is dropping (Read 24265 times)
This is like bitcoin is the father of altcoins so of course they are interconnected if bitcoin rises some altcoins will go up and vice versa, but actually it depends on demand in the market, and of course if it goes down too badly it is like the 2018 year.
It is not good, altcoins are not strong enought to take the power and change the market sentiment. Bitcoin was, is and probably will be the trendsetter 
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of course it's difficult if the altcoin top like ethereum wants to take market dominance. but every altcoin can do their own pump, and that must be related to the development of the project. those who do not move in the market, we can see their projects do not develop. and those who can pump, they have managed to overcome the dominance of bitcoin. .
It is not good, altcoins are not strong enought to take the power and change the market sentiment. Bitcoin was, is and probably will be the trendsetter .
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I think that when the BTC drops, it will have a huge impact on the value of altcoin. So far, growing demand and proximity to altcoin are gaining more popularity. But in the sense of the crypto ecosystem. It seems that BTC has become a standard based on the general trend for the whole market. A great dependency exists around bitcoin and the rest.
Bitcoin price reductions have a negative impact on the development of Altcoins. Obviously that the price of Bitcoin decreased, all altcoins also declined. But no need to panic because of this situation I'm sure will recover soon. The market has undergone increased volume, so the market can definitely recover again.
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
it definitely affects the altcoins because the development of Bitcoin gives the confidence for the investors to get in to the other currencies also while the Bitcoin is dropping then known will come forward to invest and different currency and it will be a huge drawback for the other currencies. Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
All coins are affected when BTC Is dropping in market because as far as I know this is the one they bases for in terms of increasing price.In this several days it was nothing to say but just waiting for the comeback. Do not prejudice friends about the conditions that occur at this time, because this is actually a natural process and is still in a reasonable stage. the reason is, over the past three months the price of BTC has increased significantly and although there is still a correction now, this will show that bitcoin and altcoin or other crypto assets are increasingly recognized globally and have a bright future.
Yes, people will prejudge within days when the BTC price is dropping, we should understand the market situation because there is always a chance for an altcoin to increase their prices but for everything it will take some time. We also should understand the altcoin prices are going down means it is very good chance for us to grab the low valued coins.
Do not prejudice friends about the conditions that occur at this time, because this is actually a natural process and is still in a reasonable stage. the reason is, over the past three months the price of BTC has increased significantly and although there is still a correction now, this will show that bitcoin and altcoin or other crypto assets are increasingly recognized globally and have a bright future.
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
If price drop would definitely negatively impact on altcoins. In addition, the price drop is Bitcoin. As it happened a few days ago that Bitcoin was very dominating and the altcoins slowly also increased. But after Bitcoin dropped sharply all the altcoins also declined. But the decline in Bitcoin is still at a good price.
If the Bitcoin price is going down & down continuosly from here then the Altcoins are severely beat by the market and the value become like zero. So, now is the crucial point for the altcoins the price of the Bitcoin as the Bitcoin representing the index of whole market.
We know that it's not good that btc is dropping but we can't control it because depending to the demand of people who buy or sell.For altcoin its really bad if bitcoin is dropping because some of alts is relying to btc investment which that some project is using.
what we see is indeed bad for the altcoin if bitcoin goes down, we saw it yesterday. bitcoin goes down and altcoin also decreases. which I confirmed why when bitcoin rises altcoin does not go up like what has happened. It is bad as they are losing more value compare to Bitcoin. And it only increases the dominance of Bitcoin. Only a few altcoins have regain a few more satochis than Bitcoin. It is a game of luck.
Many people are feeling anxious and frightened by this problem, bitcoin has booms or crashes, altcoin always gets the most damage from these events, and of course, the situation is now too bad for altcoin, altcoin to fall too deep, at a level that people can't believe. Continuing, altcoin dies and investors holding those assets will go with altcoin, I am looking forward to seeing the change from altcoin, otherwise, this is probably the accident that creates the biggest loss and eliminates money in many people's wallets
It is bad as they are losing more value compare to Bitcoin. And it only increases the dominance of Bitcoin. Only a few altcoins have regain a few more satochis than Bitcoin. It is a game of luck.
Bitcoin and altcoins are in a chain. Thus, when Bitcoin falls, altcoins are going down, and vice versa. Nevertheless, new tokens that are released recently may not depend on BTC price, and its changes do not affect them.
yes, because new token don't have market exchange any pair with bitcoin or other crypto, New token even not yet launch wouldn't affect anything when bitcoin price falling down on the market, but still will following when already on exchange for sure.
Yes, we are seeing the price of Bitcoin is not stable and this makes the altcoin to lose their value. From the past 3 months, altcoins are also struggling with the recovery of Bitcoin, even though we are seeing the developments from the companies but it doesn't influence the price of altcoins.
Bitcoin and altcoins are in a chain. Thus, when Bitcoin falls, altcoins are going down, and vice versa. Nevertheless, new tokens that are released recently may not depend on BTC price, and its changes do not affect them.
yes, because new token don't have market exchange any pair with bitcoin or other crypto, New token even not yet launch wouldn't affect anything when bitcoin price falling down on the market, but still will following when already on exchange for sure.
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
It would be bad, because the pair of Altcoins are with BTC. That's why if the Bitcoin price drop it would be affect the price of Altcoins also.
If we take a look at cmc, when bitcoin price is dropping the alts also join the downfall. And when bitcoin is rising, the alts is rising too but just increase a little. I think bitcoin is somehow has an impact to alts.
It actually really affect on alts. Because people will start to make their move when bitcoin price move too and pick good altcoin actually can make us take profit. But be careful because a lot of tokens not good to speculated.Most of the altcoins are crap as they are being created for the sole purpose of the developers' pockets. So even if the btc price is rising you can't always expect that altcoins will increase as well. Only those who have solid grounds and real application will prevail in the market.
If we take a look at cmc, when bitcoin price is dropping the alts also join the downfall. And when bitcoin is rising, the alts is rising too but just increase a little. I think bitcoin is somehow has an impact to alts.
BTC price dropping will obviously be of no good to any other alternative coin, as the price of Bitcoin will always have a direct or indirect impact on every altcoin. When there is a bull run for bitcoin all altcoins also witness a noticeable increase in price, while a decrease in bitcoin's price is also effective on altcoins prices.
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