Topic: Is it bad for altcoin that BTC is dropping - page 32. (Read 24212 times)
don't think that all altcoins will experience a price decline when BTC prices experience a decline, many altcoins don't experience a decline when BTC prices decline, the decline in BTC prices only affects the altcoin with small communities, so don't panic with all that
There are exceptions and the price of some altcoins can increase or decrease regardless of the bitcoin price, but in general bitcoin is an indicator on the cryptocurrency market, and the growth of all coins depends on the growth of the bitcoin price.
Bitcoin has a very determinative role in the cryptocurrency market. It can actualy move the whole market, Altcoin prices depend a lot on Bitcoin's.
It is bad for all of the market that the price of bitcoin is falling. They all get their value from bitcoin and since bitcoin is down that means the price of all of the other coins are down too. The prices are all connected to the price of bitcoin. That is why if we want the altcoins we are supporting to do well then we have to make sure that we are supporting bitcoin to do well too.
This is of course connected, the price of altcoin depends entirely on the value of bitcoin, respectively, if we see that bitcoin is reduced, then wait and drop the value of altcoins
If Bitcoin is dropping in value go and wait somewhere then look at the price again. The price could recover this month.I hope what you are saying is really true. nobody knows when will bitcoin price will rise up, and we even don't know if it will really rise up this month, because as I observed in the fast few months investors here are also saying that the market price will rise up in the coming months but up to now it still remains in the dumped situation.
But this is much better than the last two months which the price was down to almost $4000 , and we are now in the last quarter with the price of $6500 for BTC , so we will hope for this year to recover and it seems we are in the way for a green market as it is seen the price of Bitcoin and altcoin for today .
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.
We also see that continuously Bitcoin, Ethereum price is dumping. Already bad effect occur on wallets or exchange. Every altcoins price is so down. But BTC is low dump if you check last year.
Actually, all of the altcoins in the cryptocurrencymarket are completely dependent on Bitcoin. If the price of Bitcoin drops, the price of all altcoins is drop, nevertheless when the price of Bitcoin rises, we cannot see the same interaction at the same rate.
The entire cryptocurrency market is essentially dependent on Bitcoin. If the price of Bitcoin falls down, then all altcoins fall, as Bitcoin is the leader in capitalization.
Bitcoin is a benchmark for the entire market. If it falls, all coins will fall. Until will so:)
if bitcoin price is dropping, we have to analyze if people are selling bitcoin to cash like usdt, or if people are exchanging bitcoin for altcoins.
if people are selling bitcoins to cash, that means people are losing faith in cryptocurrency and taking out profits, or minimizing loses. and that is not good for crypto.
on the other hand, if people are exchanging bitcoins to altcoins, that is good, since people are starting to see the advantages of other blockchains compared to bitcoin. and they want to use those new and better blockchain technologies.
if people are selling bitcoins to cash, that means people are losing faith in cryptocurrency and taking out profits, or minimizing loses. and that is not good for crypto.
on the other hand, if people are exchanging bitcoins to altcoins, that is good, since people are starting to see the advantages of other blockchains compared to bitcoin. and they want to use those new and better blockchain technologies.
Basically, since bitcoin is considered the base crypto of cryptoworld, that means altcoin's price is tethered directly to major cryptos like Ethereum, and Bitcoin that is why it is very obvious that altcoin's value decreases when bitcoin's value also decreases.
Of course, this is very bad, because BTC is the leading project among all projects in the crypto-currency area, so investing in BTC is a key stage, now very serious issues are being addressed and we are at a very important stage of the industry development.
Bitcoin is the mother of all cryptocurrency and I believe once bitcoin sneezes, the whole cryptocurrencies in the market will catch the cold. Bitcoin price largely affect the price of other coins because its the number 1 cryptocurrency.
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Bitcoin's position shows like cryptocurrencies feel itself at all. I mean that all cryptocurrencies are very connected with each others and they follow dropping Bitcoin all the time.
This is of course connected, the price of altcoin depends entirely on the value of bitcoin, respectively, if we see that bitcoin is reduced, then wait and drop the value of altcoins
If Bitcoin is dropping in value go and wait somewhere then look at the price again. The price could recover this month.I hope what you are saying is really true. nobody knows when will bitcoin price will rise up, and we even don't know if it will really rise up this month, because as I observed in the fast few months investors here are also saying that the market price will rise up in the coming months but up to now it still remains in the dumped situation.
Bitcoin is the king of all altcoins and we know it very well. The whole market trend is being set by the price of bitcoin so if bitcoin is down then of course all alt coins will be down and if bitcoin up then other coins will be also up.
in the fall of the market for each its pros and cons. for whales this is undoubtedly good - after all, they will then buy at the lowest possible price and specifically crush the market. but for ordinary people not so. from the beginning of the year, coins fell by 80% and this year many lost their money
This is of course connected, the price of altcoin depends entirely on the value of bitcoin, respectively, if we see that bitcoin is reduced, then wait and drop the value of altcoins
If Bitcoin is dropping in value go and wait somewhere then look at the price again. The price could recover this month. 
If we consider that Bitcoin is the leader in capitalization and therefore all alternative coins follow Bitcoin, then Yes, it's bad if Bitcoin falls, because altcoins will fall after it.
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