Is it bad for altcoin that BTC is dropping - page 38.

makawa

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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 ?

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Kabul

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It is totally bad for altcoin that bitcoin is dropping. As you can see, whenever the price of bitcoin drops, altcoins will follow its path. Damn it

Viecoin

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Yes usually for those alts pegged to btc. In some cases there is an alt rally while btc is on the decline and may produce opposite results by increasing the alts btc value, thus making the alt somewhat independent of btc correction.

michael23

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All altcoins depend on Bitcoin. If Bitcoin falls then altcoins fall if Bitcoin grows then altcoins also grow. Therefore, for altcoins it is bad-if Bitcoin falls.

dunfida

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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 ?

It does really give some effect but not totally a dependable thing for you to rely on since there are coins in the market which isnt really relying on bitcoins price movement and do still manage to rise up on its own.The main issue or thing on here to be worried about or to observe is on the entire or overall cap. When you see its gradually decreasing then expect most coins in the market are on reds.

jakebell

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This is nothing to worry about. The market of cryptographic money is currently loaded with various sorts of coin. With the regularly developing number of coins, it has turns out to be exceptionally crunch complex. To adapt to the market, financial specialists should be exceptionally mindful with respect to their speculation. Straightforward arrangement is bitcoin. Put resources into bitcoin as opposed to new coins to secure the speculation.

idioma1

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Yes altcoins would also affected when bitcoin price dropping.The most important thing to keep in mind during slowdown is that it's normal for the crypto market to have negative years—it's part of the cycle.By staying calm and not making any sudden moves, you'll save yourself from becoming a bear's lunch

MISS_nSTASSY

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Vena.Network

Every single fast movement of bitcoin price is bad for altcoins. There are two reasons in two cases - when bitcoin falls the price of altcoin in usd equivalent also dips so many prefer to sell(bots doing it instantly). So the price of bitcoin dip, but altcoins dipper.
Then if bitcoin price rises instantly, many decide to close the orders in profit and it also causes the price dip, not in usd but in bitcoin equivalent. So this movements are very sensitive for alts

backspace jejel

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of course it's bad for altcoin because bitcoin is the parent of altcoin and becomes a benchmark of altcoin values, so if the btc value drops then surely the altcoin value will drop

thomaseco

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In recent times bitcoins price are not rising. For this reason i think it also affect on altcoin price. Altcoin follows bitcoins pricing strategy because bitcoin is the market leader.

singpolyma

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Bitcoin is still too influential for most altcoins and I think that the fall in BTC prices has a strong effect on the rest of the market. It is worth thinking that it is very important to watch the price of Bitconin.

Umkar

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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 ?

Yes, the drop in the price of bitcoin will have a bad effect on the altcoyins. Almost all altcoins have a price link to bitcoin. Therefore, if bitcoin falls, the altcoins also fall, the market lies. In order for the crypto-currency market to function normally, we need to look for ways to get rid of the price dependence on bitcoin. Otherwise, this is not a free market.

mariomerula

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I think it's bad becase when BTC drops almost 99% of altcoins drops too and when it will have a huge grow others will rise too.. BTC is still the king and leads crypto market

jackky

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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 ?

Your job now is to be patient and wait. In these days, altcoin is affected when Bitcoin prices increase or decrease. We can not do anything to help altcoin rise during stormy days

Alex077

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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 ?

It always has been when the BTC is in a downtrend, all the altcoins are going down. It happens for a number of reasons and, first of all, bitcoin is an indicator for the entire cryptocurrency market. In addition, BTC has the highest capitalization and its volatility affect all altcoins.

mr.nby

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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 ?

The impact of bitcoin on the market is very strong. Declines in bitcoin prices also cause altcoins dips. It is not good that one currency determines the direction in which the entire market follows. Altcoins suffer a lot from this.

cabron

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https://www.betcoin.ag

Most of the traders will save their USD when bitcoin starts to fail whcih is why if they hold btc, they will buy USDT to maintain the value of their token and then buy back at the cheaper price, this will mean that they profit already by doing it. This doesn't just happen to BTC but to most altcoins. If you hold a coin partnered with USD all the better.

BaeNaNa

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Cryptics

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 ?

Of course it is bad because most of alts value is tied with bitcoin as there's only a few alts that has usd pairing. If bitcoin goes down then they will also bear the impact, same when bitcoin price increase. We need more pairing outside bitcoin so they can be independent and actually increase in price when they achieve something.

eagle10

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Yes, of course. It is really really bad for altcoins when bitcoin's price is dropping hard because there price are also affected. They just followed what is bitcoin's next move. So when it goes down, the market goes down too but when bitcoin bounce back, the price of the altcoins recover too.

Firefox07

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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 ?

If we base on what happened in the past few months. Everytime bitcoin drops its value all altcoins drops too. Its really bad for altcoins if bitcoins drops its value.

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