Is it bad for altcoin that BTC is dropping - page 28.

#dhabitamartha

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Quote from: coralwoods18 on May 27, 2018, 11:23:57 AM

Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

all of bitcoin's interdependence is very influential on the development of bitcoin and giving positive things bitcoin will always be there because of the existence of altcoins and altcoins will stand against a market that is good for investment and buyers.

ParabellumLite

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Quote from: clipto on October 15, 2018, 08:22:42 AM

It is bad, because almost all altcoins depend on Bitcoin. Unfortunately it is so and we cannot do something about it. In such market conditions, investors trust mostly in Bitcoin and when it drops, everything is dropping as well. Sad, but it is true.

One thing that new investors in the market feel when the market drops sharply is a good luck to them. That is the time for them to buy more than before the market fell

SSSegrio

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still, there is no escape from the dependence of altcoins and bitcoin. if you want to sell profitably-you need to wait

patispace

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Although most of the altcoins present valid alternatives to solve the deficiencies of bitcoin or seek to offer adequate solutions for a specific niche of users, unfortunately the market has ignored the intrinsic value of each altcoin and seems to have put them all in the same bag, punishing them too much in times of high volatility in the behavior of bitcoin, which is no more than a clear signal that those who are investing in altcoins do so for purely speculative purposes, without any commitment for individual projects, so undoubtedly it is bad for the altcoins that the price of bitcoin remains bearish.

FirstCryptic

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Bitcoin is the master of the crypto market. Altcoins will always crawl over Bitcoin. This is not so bad. Predictability is a good factor.

Fray

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Bitcoin is the leader of the pack, and Satoshi a revolutionary inventor, but Bitcoin’s market share will continue to lower, as more and more coins appear. Don’t read this wrong, Bitcoin’s price will go up because the whole market will grow, but of course, newer coins are cheaper, riskier to invest in, but can provide outrageous growths, while Bitcoin is more stable but less profitable.

Lyd

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I think it is just a matter of time until altcoins will not be affected by this. When bitcoin is dropping altcoins are affected too.

10c

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For altcoin has always been bad fall of bitcoin, because it is the main factor that affects him and does not allow him to make their own growth.

Sengoko

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Quote from: coralwoods18 on May 27, 2018, 11:23:57 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 nothing bad and they are all the same, price drops sometimes and also increase. It can’t just be increasing all the time. I don’t really know the reason why price fall, but normally we say that’s because people are selling, but if you look at it– altcoins even drop when Bitcoin is dropping, so is that likely to be the reason as to why prices are falling? Maybe not. It’s not going to affect altcoins, when it’s the right time they will all increase again.

sinkfish

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its not good or bad. when bitcoin fall, more people will buy in, bitcoin will rise again, which will also affect altcoin increase.

rafa_uefa3

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unfortunately, btc price reflects on altcoins too much, because of trading pairs altcoin-btc, altcoin-eth. As for me, better look on the project itself, if it's good, it will survive from 2000 other crypto, it's just temporarily. Another good tendency of more stable coin coming to market, it can stabilize situation a little bit with time.

childish

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Quote from: Crypto Girl on October 14, 2018, 10:24:47 AM

Quote from: Indrawan77 on May 28, 2018, 07:31:24 PM

Yes the market situation for bitcoin is not too good, and once people saw bitcoin fall down then they will also sell their alt coin, if you see the chart when bitcoin go down the alt coin also fall down, so the falling of bitcoin definitely impact the alt coin price in negative way

People were actually afraid and easily panic when the bitcoin price decline like they think that it's a doom day and so they selling as much as they can.

I believe by now everyone are aware of this kind of trend and know what should be the initial reaction to it. And the fact that people look at bitcoin as inferior to the altcoins as so their trust is on it.

However, we see a trend that when bitcoin goes up, altcoins dump more to which people are putting more into bitcoin as they or we see it as the strongest one.

I think for the decline that occurred in the Bitcoin become opportunities for making Altcoin progress so rapidly to generate even more profit, which led him to become the main profitable coin. so very nice with the count on it as a support when things Bitcoin decline.

clipto

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It is bad, because almost all altcoins depend on Bitcoin. Unfortunately it is so and we cannot do something about it. In such market conditions, investors trust mostly in Bitcoin and when it drops, everything is dropping as well. Sad, but it is true.

jofox

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Quote from: alt18coins on October 14, 2018, 12:00:03 PM

Yes , it is a bad for all alt coin and bad news for all investors. Bitcoin is a best coin in whole crypto world. If price of bitcoin is low so the other coin's price will also decrese and people getting loss.

I accept to your saying bro there have nice point for that.

Sissebrahima

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It is clear that the prices of all altcoins depend on the price of Bitcoin. This situation is obvious and is not discussed. In principle, this is not bad in the sense that if large investors raise Bitcoin, the market will rise by itself.

alt18coins

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Yes , it is a bad for all alt coin and bad news for all investors. Bitcoin is a best coin in whole crypto world. If price of bitcoin is low so the other coin's price will also decrese and people getting loss.

gravitik

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of course it's bad for altcoins that the price of bitcoin falls because bitcoin has a huge impact on altcoins and so now the market is falling

andor.gellenhidi

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It often happens that many altcoins follow the BTC project, so I simply wouldn’t say whether it’s good or bad, always the choice is yours, but it seems to me that what’s important to you now is the most important thing

tridverju

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Relationships between Altcoins and Bitcoin have changed. During 2015-2017, when the price of BTC pumped, Altcoin prices have dropped. Today we can see the reversed relationship. Everything depends on BTC and if BTC drops, Alts are also dropping.

Crypto Girl

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Quote from: Indrawan77 on May 28, 2018, 07:31:24 PM

Yes the market situation for bitcoin is not too good, and once people saw bitcoin fall down then they will also sell their alt coin, if you see the chart when bitcoin go down the alt coin also fall down, so the falling of bitcoin definitely impact the alt coin price in negative way

People were actually afraid and easily panic when the bitcoin price decline like they think that it's a doom day and so they selling as much as they can.

I believe by now everyone are aware of this kind of trend and know what should be the initial reaction to it. And the fact that people look at bitcoin as inferior to the altcoins as so their trust is on it.

However, we see a trend that when bitcoin goes up, altcoins dump more to which people are putting more into bitcoin as they or we see it as the strongest one.

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