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Topic: Is it bad for altcoin that BTC is dropping - page 14. (Read 24265 times)

member
Activity: 303
Merit: 10
November 24, 2018, 07:48:42 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Influence of some of the altcoins was very noticeable, many of the altcoins began to follow the selling price of the first crypto currency, almost more than 50% of the exchange experienced a decline in the value of the altcoin. but I'm sure this is normal as usual and there is no need to worry, if you don't understand how crypto works then learn in detail not half
full member
Activity: 420
Merit: 100
November 24, 2018, 06:39:59 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
for now the market is down quite far, not as usual. for coin holders maybe this is bad news. but for the worst investors who want to start investing this is good news. because they can buy the coins they want when the price is low
full member
Activity: 476
Merit: 101
November 24, 2018, 06:35:52 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

There is no doubt that at this stage of development of the market, the prices of alternative currencies are very dependent on the price of Bitcoin. They always fall or grow faster than bitcoin. But the direction of movement is always the same.
newbie
Activity: 14
Merit: 0
November 24, 2018, 06:30:42 AM
Guys, advise good ICO's
member
Activity: 378
Merit: 10
November 24, 2018, 06:21:42 AM
Right now it is bad, because altcoins depend on the Bitcoins price. When we will see the green market, the dominance of Bitcoin will go down and altcoins will pump hard, because they are constantly developing and are ready to moon.
full member
Activity: 479
Merit: 100
November 24, 2018, 06:15:54 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
If you check so many exchange, you would discover that so many coins are being paired with btc. Which means that is btc should dump in dollar value, then the altcoins will definitely dump, except for an altcoin that us pumping at that moment, because there are rare cases. Cases where even if the market is red and bitcoin dumps, they will be pumping. So it is not a constant factor.
When a thing happens to Bitcoin then it will directly affect Altcoin. This situation will always occur because Bitcoin is a benchmark for all existing digital currencies. When the price of Bitcoin decreases, the price of Altcoin will also decrease and when the price of Bitcoin rises, the price of an Altcoin will increase. This means that bitcoin is in the top position and when we want to develop digital currencies we must specifically prioritize Bitcoin as a major digital currency.
the possibility of experiencing the fall of Bitcoin when Altcoin will increase efforts to improve its development and take this opportunity to bring progress to the coins. Altcoin will be affected by the fall of the Bitcoin and resulted in its development.
sr. member
Activity: 1008
Merit: 250
November 24, 2018, 06:15:28 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

From may to till Today, BTC has dropped everyday and still dropping rapidly. I am constantly monitoring market on daily basis. Decline is BTC contributing towards the decline of altcoins. Expect few tokens, that are less affected by drop in BTC. In my opinion link to BTC is very strong with every other crypto currency. Ultimately every crypto currency is converted to BTC in one way or other. 
member
Activity: 322
Merit: 10
November 24, 2018, 06:05:12 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

The relationship between altcoin and bitcoin is definitely there. But I do not think that it is necessary to consider it only in a negative way. Now I believe that it is thanks to this dependence that we earn
member
Activity: 244
Merit: 10
November 24, 2018, 05:26:15 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

I don't think that's bad. Now I think that the various UPS and downs in the market is absolutely normal and even fluctuations in the value of bitcoin and altcoin can be on the hand of investors
member
Activity: 854
Merit: 10
November 23, 2018, 11:38:12 AM
of course this is very bad for altcoins because the price of altcoin is to see the price of bitcoin if the price of bitcoin continues to fall then chances are the altcoin price will also go down, but if the price of bitcoin rises then the altcoin price will also rise
full member
Activity: 714
Merit: 104
November 23, 2018, 11:37:29 AM
Yes its bad because this makes panic on the market.
But if look better altcoins dont lose big in price if we compare to bitcoin.
for example eth drop from 0.031 to 0.029
jr. member
Activity: 238
Merit: 2
ADAB-First crypto exchange Islamic Crypto exchange
November 23, 2018, 11:35:32 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Every drop of bitcoin price is a danger on all altcoins as this will pull down their prices due to trading pairing of bitcoin. Also bitcoin is the barometer of the cryptocurrency as the ups and downs of bitcoin will dictate the whole market.
legendary
Activity: 1596
Merit: 1011
November 23, 2018, 10:06:11 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
If you check so many exchange, you would discover that so many coins are being paired with btc. Which means that is btc should dump in dollar value, then the altcoins will definitely dump, except for an altcoin that us pumping at that moment, because there are rare cases. Cases where even if the market is red and bitcoin dumps, they will be pumping. So it is not a constant factor.
When a thing happens to Bitcoin then it will directly affect Altcoin. This situation will always occur because Bitcoin is a benchmark for all existing digital currencies. When the price of Bitcoin decreases, the price of Altcoin will also decrease and when the price of Bitcoin rises, the price of an Altcoin will increase. This means that bitcoin is in the top position and when we want to develop digital currencies we must specifically prioritize Bitcoin as a major digital currency.
jr. member
Activity: 196
Merit: 1
Ternion | Hybrid Crypto Exchange with fiat gateway
November 23, 2018, 09:58:35 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

Mode of payments for many of the altcoins in the beginning of their ICO is through bitcoin. Bitcoin is almost the primary money they use to spent inorder to buy an altcoin. All altcoin is anchored to the bitcoin meaning to say that, bitcoin affects others as well.
full member
Activity: 462
Merit: 100
November 23, 2018, 09:57:08 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

Yes this is bad . Bitcoin is the main favorite of the crypto market, its trend is largely repeated by the rest of the coins.
jr. member
Activity: 714
Merit: 3
November 23, 2018, 08:40:34 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
If you check so many exchange, you would discover that so many coins are being paired with btc. Which means that is btc should dump in dollar value, then the altcoins will definitely dump, except for an altcoin that us pumping at that moment, because there are rare cases. Cases where even if the market is red and bitcoin dumps, they will be pumping. So it is not a constant factor.
full member
Activity: 476
Merit: 100
November 23, 2018, 05:44:26 AM
It is bad for altcoins surely. Btc is the biggest coin in crypto space with his biggest marketcap so btc determines the general market conditions. If btc start to move bullish it means alts will be bullish or already start doing some x. If btc will start to be bearish that means all altcoins will in very bad situation.

This year Bitcoin has disappointed many investors with its decline. Of course the situation has a negative effect on altcoins. We can see a lot of coins that cost almost nothing but this is a great opportunity to invest in the future.
sr. member
Activity: 1148
Merit: 300
November 22, 2018, 07:28:04 PM
I believe that altcoin is really affected on the dropping of the bitcoin price. Because the trust and the people's faith is in the bitcoin. That is why if bitcoin is dropping it can really cause a big effect on the price of the altcoin and not only altcoins also with the token and some ICO project.
member
Activity: 485
Merit: 12
$WPP $HyFi https://hyfi-corp.com/
November 22, 2018, 07:03:31 PM
Yes, it is bad for other alts if BTC is crashing as the whole market highly correlates to BTC price movements.
BTC is the first coin, the most secure and trusted one and the rest of the market is following it`s leader.
member
Activity: 434
Merit: 17
November 21, 2018, 06:39:47 PM
Certainly. Look how everything fell because of some confusion around Bitcoin. Everyone was hurt because of it. I hope the heads of other projects will try to do something about it.
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