Topic: Is it bad for altcoin that BTC is dropping - page 17. (Read 24243 times)
As you can see, it is the fatal for them, bitcoin influence is enormous. Some altcoins lost 1k% in their price. I wonder when bitcoin will loose his influence and alts will become independent?
Look at the market, the fall in the price of Bitcoin causes an avalanche effect, all holders of altcoins start to get rid of them because they fear that the price will go even lower.
And I understand them, it is better to take profits while it is still possible, then it can only be worse.
And I understand them, it is better to take profits while it is still possible, then it can only be worse.
Bitcoin's falling price is not by altcoin, but its the fact that many are selling their altcoins and does affects bitcoin's price. If the price of bitcoin falls down then also the altcoins are affected and its also going down its prices.
This is the worst news for altcoins, which can only be. The market is fully correlated under the influence of the price of bitcoin.
In fact, now the situation looks even worse than it was in May and it is definitely bad for all altcoins!
In the crypto market demand and supply forces are the one who is responsible for the prices of crypto and constantly it shows change over time because of the people selling their coins in the past time period i have seen big short selling of the bitcoin in the few months and and those who are big whales they are watching the market at all and if people start buying bitcoin this will change the prices of all coins.
Yes, dumping on Bitcoin affects altcoins' prices badly. The recent down trend in altcoins is for the dumping of Bitcoin as we have seen. If Bitcoin price is stable, altcoins have chance to pump.
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Definitely it is bad for altcoins. Cause we know that if Bitcoin's price decrease continuously, then altcoins price also decrease very badly.
The General mood of the whole market always depends on the bitcoin price. As we have already seen in a few years, as soon as the price of bitcoin begins to fall, all altcoins follow it. Therefore, for the further development and increase in the value of altcoins, it is very important that the capitalization of bitcoin grow.
I now hold to the big growth of bitcoin because in my speculation circulating the price of bitcoin is down, which means the next step is the price to grow. it looks like this is the crypto cycle.
It's definitely bad for altcoin that bitcoin is dropping in price. The herd effect will affect quality cryptocurrency to be badly affected as a result of panic sell! Bitcoin still has a big influence on altcoin and to a very large extent determine altcoinprice in the market!
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Everything is bad and not only the fall of Bitcoin, which further reduces the prices of alts, but also the manifestation of stagnation and regression of the whole technology. And most importantly, no one wants to change this situation, and to influence some real actions.
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Everything is bad and not only the fall of Bitcoin, which further reduces the prices of alts, but also the manifestation of stagnation and regression of the whole technology. And most importantly, no one wants to change this situation, and to influence some real actions.
If the value of BTC depreciates, it will have a negative impact on Altcoin and other coins in crypto. Because the decline will also affect the altcoin value which also decreases. Altcoin is very dependent on BTC. If the value of altcoin grows significantly or consistently, it means that the condition of Crypto is in a good and stable condition.
Yes, dumping on Bitcoin affects altcoins' prices badly. The recent down trend in altcoins is for the dumping of Bitcoin as we have seen. If Bitcoin price is stable, altcoins have chance to pump.
If the price of Bitcoin is falling, the whole cryptocurrency market is falling, too. This happens because the most altcoins are not traded to USD or any stablecoin, so the fall of BTC makes altcoins fall as well.
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Of course, everything depends on the cryptocurrency market. But I still think that there are altcoin, which is absolutely independent of bitcoin. I also believe that only a little altcoin depends on bitcoin
It was always bad, that some crypto currency depends on another one. But it is happening, because every investor holds some BTC, thats why the market dominance of bitcoin is huge. When the market dominance will reduce, alts won't depend on BTC so hard.
The cryptocurrency market is too complex and I often do not understand how it is connected to each other and whether the connection of bitcoin with other coins is so important. But now I see only that it is easier to earn on the altcoin market
If bitcoin falls, then soon altcoins will fall and so it is certainly bad. But perhaps it is pumping money into Bitcoin in altcoins, so you need to look at the situation.
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