Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
It is never a good thing for any altcoin when BTC price is dropping. BTC is what drives the price of the other coins up and as such, it is usually a terrible experience for others when its own price is crashing down. 
Topic: Is it bad for altcoin that BTC is dropping - page 22. (Read 24212 times)
Of course, this is bad because Bitcoin is the main cryptocurrency on the market and from the fact that it falls, it will naturally fall and the whole market
bitcoin has a very strong influence on altcoins and due to the fact that recently falls in price - the price of altcoins has also fallen.
It depends. Some alts fall with BTC and some grow when BTC price is dropping. To know better I suggest you checking charts on coinmarketcap.
If the price of Bitcoin decreases it will have an impact on the prices of other altcoins, but this is a cycle of trade in the world of investment that is always spinning. Looking at the current price of Bitcoin which is said to be stable and not dropped dramatically, this is what makes sure that the price of Bitcoin will be high next year and of course this will be good news for altcoins.
That's the usual trend in the crypto market since altcoins had been developed through the existence of Bitcoin, therefore, their value has close related to the movement of to the first one.
Yes, of course this is a worrying condition, bitcoin can be said to be the parent of all coins if the price goes up, of course other coins will follow, and vice versa, the price of bitcoin ups and downs does have other coins
in any case, we have already seen that the price of Bitcoin greatly affects the entire cryptocurrency market. Even the most promising projects cannot show their results due to the poor state of the cryptocurrency market.
On confirm we cannot tell that it is bad or not because most of them are holding altcoin to get profit in bitcoin and increase the volume of bitcoin holdings , it is because when bitcoin price is going down every want to sell their altcoin and convert it to bitcoin and sell bitcoins also so when bitcoin goes low they can sell bitcoin and buy back their altcoin sold in high. This is the way of trading going between all cryptocoins.
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.
Yes, of course this is a worrying condition, bitcoin can be said to be the parent of all coins if the price goes up, of course other coins will follow, and vice versa, the price of bitcoin ups and downs does have other coins
All altcoins follwo bitcoin and react on this dropping also. Bitcoin is a leader and if it down other coins down too, but I think this is current situation
For most people, bitcoin is an indicator of the trend of the market; if bitcoin drops, this sets a downward trend for the market and many start selling their altcoins, which leads to certain consequences.
It's not good, because almost all altcoins depend on Bitcoin. In such market conditions, investors trust mostly in Bitcoin and when it drops, everything is dropping as well. Sad, but it is true.
The price of altcoins has always depended on the price of bitcoin. There was a parallel between them. As soon as bitcoin grow immediately began to grow altcoins. And of course the opposite is true. Therefore, the growth of altcoins can be predicted by the growth of bitcoin.t
Of course it is bad because most altcoins (even ethereum) is still tied to the price of Bitcoin or what we say they are base on satoshis. If Bitcoin's price fell, then so do altcoin. This is how the market goes. Some say that some altcoins are staying away from Bitcoin and they are only going to base on USDT, I doubt it will work.
It won't work I guess, Alts are still relying with Bitcoin and that's still the fact inside this industry,when btc dropping Alts surely followed they are not exempted as investors will keep their Bitcoin against Alts, trust coming from investors are still for Bitcoin and it will stay that way.
the bitcoin has big volume and leader thi crypto market, when the price of bitcoin drop it will get big affect to the price of altcoin.
i think this is not bad for the altcoin, the market is unstable so the price of altcoin will go down and up in many period.
i think this is not bad for the altcoin, the market is unstable so the price of altcoin will go down and up in many period.
By itself . After all, grandfather's bitcoin ... and if it falls, it will pull everyone down, it will continue in the next couple of years.
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Almost all altcoin activities depend on the community not on Bitcoin, so I think Bitcoin is not the only factor that causes altcoin prices to fall, bitcoin is only a benchmark currency against other crypto currencies. the same as ETH, which is the benchmark for the price of tokens for the project that follows it
Of course it is bad because most altcoins (even ethereum) is still tied to the price of Bitcoin or what we say they are base on satoshis. If Bitcoin's price fell, then so do altcoin. This is how the market goes. Some say that some altcoins are staying away from Bitcoin and they are only going to base on USDT, I doubt it will work.
the symbol of Cryptocurrency is Bitcoin, so I think when BTC prices go down it will automatically influence people's opinions about Cryptocurrency. and Altcoin is Cryptocurrency, surely the impact is very pronounced
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