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Topic: Is it bad for altcoin that BTC is dropping - page 23. (Read 24243 times)

newbie
Activity: 420
Merit: 0
November 09, 2018, 09:01:40 AM
This is really very bad for altcoins because all altcoins are running behind the BTC and their price is also set by the price of BTC . You can see whole crypto market is based on BTC because BTC have great volume and lot of potential.
full member
Activity: 268
Merit: 100
November 09, 2018, 09:00:13 AM
History says, that every time BTC falls, altcoins follow him. And vice versa. Someday, this synchronization will be broken, but not in this year definetely.
jr. member
Activity: 280
Merit: 1
ADAB Solutions First crypto exchange Islamic Cryp
November 09, 2018, 08:45:15 AM
Of course, this is bad, because the rest of the coins will go down after Bitcoin, and this is not good!
full member
Activity: 602
Merit: 100
November 09, 2018, 08:40:54 AM
I hope there will be no situation where btc is growing, and alts are all falling together, such movements were characteristic last fall
Of course, it would be great if the BTC did not fall and only grew like in 2017, but you are not a stupid person and you know that in most cases, all financial instruments happened just like in BTC. From the very beginning, HYIP and then stabilization
sr. member
Activity: 1372
Merit: 264
November 09, 2018, 08:36:28 AM
Definitely, Each altcoins value will drop and no more resistance since the value of BTC is decreasing.

So it would be best to only invest in BTC, not in altcoins  Grin
hero member
Activity: 2926
Merit: 567
November 09, 2018, 08:35:28 AM
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Of course, the chart can tell us that it is since these altcoins came, it's price always depends on Bitcoin price whenever Bitcoin price drops the altcoins follow, it's always been this way, makes me wonder why there are so many ICO even if we are in the bear trend.
full member
Activity: 490
Merit: 100
November 09, 2018, 08:28:21 AM
if bitcoin falls, then the whole market falls, if bitcoin grows, then altcoins will briefly fall too. But with a bitcoin flat, the altcoin market will start to grow. Hence the conclusion, if you believe in the growth of the market, then you need to buy altcoins on a drawdown
copper member
Activity: 657
Merit: 1
November 09, 2018, 08:22:47 AM
Due to the nature of crypto market, the fluctuating price of Bitcoin affects the market generally. So yeah, altcoins are affected because if you check their pairs on exchanges, their worth is measured in BTC value, not otherwise. Let's see what the future holds, if there will be changes to this and the dependence on BTC will reduce.  
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
November 09, 2018, 08:14:11 AM
when the bitcoin price falls then it will give a bad thing to the altcoin price because the altcoin price depends on the price movement of the bitcoin so when the bitcoin price falls the altcoin price will also fall. so this will give a very bad thing for altcoin price movements.
full member
Activity: 476
Merit: 120
November 09, 2018, 08:12:32 AM
The trend in the price of altcoins is very much dependent on the value of bitcoin. Whatever the good news, but still the cost of altcoins will begin to decline. I think over time, this dependence will decrease.
member
Activity: 921
Merit: 10
November 09, 2018, 08:03:49 AM
For the entire crypto-currency market, it is bad if Bitcoin falls, since its capitalization is the largest in the crypto-currency market and if bitcoin falls, then It pulls the entire market to the bottom.
hero member
Activity: 2114
Merit: 619
November 09, 2018, 08:00:51 AM
It has a negative effect on Alts as well. With every price dump of BTC, the price of every single alt out there gets affected badly and that in turn sends a negative sentiment in the market. But do not worry, the price is expected to bounce back by the end of this year. Most probably in starting December it would happen
hero member
Activity: 924
Merit: 507
November 09, 2018, 07:57:07 AM
I hope there will be no situation where btc is growing, and alts are all falling together, such movements were characteristic last fall
full member
Activity: 644
Merit: 100
November 09, 2018, 07:53:48 AM
of course it's bad because all altcoins relying on bitcoin, when the bitcoin is fall the altcoins will fall as well and when bitcoin is rising then altcoins will follow.
Why is it like that? not price increases in the prices of Bitcoin and Altcoin caused by the amount of market demand and therefore prices often go up and down.

I'm still new here, so I don't really understand that. I hope the market will recover soon so prices will rise quickly even though they rise slowly.
I also don't really understand how the system is just what I know from my observation that indeed like that, Bitcoin greatly affects the value of Altcoin because Bitcoin is the main one in crypto. but we all know if Bitcoin will definitely rise so Altcoin will also rise.
newbie
Activity: 77
Merit: 0
November 09, 2018, 07:27:33 AM
of course it's bad because all altcoins relying on bitcoin, when the bitcoin is fall the altcoins will fall as well and when bitcoin is rising then altcoins will follow.
Why is it like that? not price increases in the prices of Bitcoin and Altcoin caused by the amount of market demand and therefore prices often go up and down.

I'm still new here, so I don't really understand that. I hope the market will recover soon so prices will rise quickly even though they rise slowly.
member
Activity: 504
Merit: 10
November 09, 2018, 07:21:12 AM
In the market, everything is interconnected. Yes, if Bitcoin falls, then other, not very stable coins fall behind it. But in this situation there is a “+”. When Bitcoin goes up, and according to forecasts it will happen soon, then other coins will rise. The ups and downs in the market is a normal phenomenon.
sr. member
Activity: 490
Merit: 262
privacy preserving smart contracts and beyond
November 09, 2018, 07:13:17 AM
Altcoins prices are dependant on the price of btc, meaning if bitcoin price rises, so does the altcoins, if the bitcoin price decreases, so will the altcoin. But the price of the altcoin will not increase or decrease the same value as bitcoin does. Some coins move exponentially, meaning they greatly increase or decrease even if bitcoin price is slowly moving.
In summary, the market's backbone is bitcoin, so with respect to bitcoin, altcoin moves with every increase or decrease of bitcoin value.
copper member
Activity: 84
Merit: 0
IRONX
November 09, 2018, 07:09:19 AM
A return to the previous prices is possible. You just wait. The correction will end, we will earn and investors will come back
But how it affects the altcoins. First of all, there is no escape from dependence yet. bitcoin falls, altcoins fall as well. But soon it will be the opposite.

Directly proportional dependence is and it can not be. Still far from the branch of bitcoin and altcoins
full member
Activity: 1358
Merit: 100
November 09, 2018, 07:03:08 AM
of course it's bad because all altcoins relying on bitcoin, when the bitcoin is fall the altcoins will fall as well and when bitcoin is rising then altcoins will follow.
copper member
Activity: 140
Merit: 1
November 09, 2018, 06:59:53 AM
A return to the previous prices is possible. You just wait. The correction will end, we will earn and investors will come back
But how it affects the altcoins. First of all, there is no escape from dependence yet. bitcoin falls, altcoins fall as well. But soon it will be the opposite.
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