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Topic: Is it bad for altcoin that BTC is dropping - page 5. (Read 24265 times)

full member
Activity: 798
Merit: 103
Yes, it is very bad for the altcoins as they are all traded with BTC. If someone want to exchange his altcoin with fiat currency, he will have to exchange it with BTC.
BTC is the main currency in the crypto market.
full member
Activity: 350
Merit: 100
MenaPay - Crypto made easier than cash
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
This is bad but not for all alts, some can cope with bitcoin addiction. But basically the current situation happened because of carelessness and lack of control over the creation of coins and tokens.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
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
Only few  altcoins are pumping because being pumped by whales to inspire or encourage some foolish investors to buy and then after gathering some victims they will just dump the coins and boom some losers on the go.but bitcoin falling is a fall for altcoins also
full member
Activity: 560
Merit: 100
Of course, it is bad when BTC is dropping, some altcoins testing new lows as quickly as they tested ATHs when BTC was high. A lot of money were lost.
I completely agree with your opinion, since if we take into account the fact that many new users of cryptocurrency invested a lot of money in Bitcoin at the end of 2017, then for them the funds are almost completely lost. Many of them will not wait for the restoration of prices.
member
Activity: 728
Merit: 10
Of course, it is bad when BTC is dropping, some altcoins testing new lows as quickly as they tested ATHs when BTC was high. A lot of money were lost.
full member
Activity: 644
Merit: 100
It is very bad. Especially for those people who buy their altcoins at higher price and hold it. Everytime bitcoin drop all altcoins follows. And until now they have a hard time to recover.
we only need to believe in bitcoin and the crypto market. maybe now the falling bitcoin price has made all of the altcoin prices follow it to fall. but if we don't want to lose our money, we can only wait for bitcoin to grow again and make the market crowded.
member
Activity: 454
Merit: 10
"Reserve Your Ledger at GYMLEDGER.COM"
It is very bad. Especially for those people who buy their altcoins at higher price and hold it. Everytime bitcoin drop all altcoins follows. And until now they have a hard time to recover.
member
Activity: 574
Merit: 10
Good or bad for the altcoin if the BTC goes down depending on the perspective of each person. For some traders, moments like this will be an opportunity to buy.
In general, the main currency on the crypto market is Bitcoin besides ethereum and several others. However, Bitcoin is the central economy of all crypto currency markets. And because of the BTC trading pair in each exchange, and in addition, it tends to fund the altcoin's operation, so that Bitcoin will always influence the Altcoins.
full member
Activity: 686
Merit: 102
It is definitely bad. From my point of view there is a correlation in altcoins decrease and btc decrease. I also seen a website related correlations, so form what I know there is a strong dependance between alts and bitcoin. Each beginner should be aware of it! I believe there is something you can't definitely claim, but this is obvious!
full member
Activity: 658
Merit: 101
When we think about a year ago, we saw that the price of bitcoin decreased while the prices of the altcoin were rising. But now it's not like before, we see that when the bitcoin falls, the price of other altcoins is also falling. So the rise of bitcoin price is a good thing Smiley
member
Activity: 350
Merit: 10
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

I also noticed several times - during the period of BTC price reduction, the entire crypto market is falling. And then hard times come for all altcoins. I believe that this market situation can be easily explained. After all, today BTC remains the main coin, it really has a huge impact on the entire market.
jr. member
Activity: 378
Merit: 4
Bitcoin really dominates the encryption market. If Bitcoin falls more than one to two weeks, most altcoins will start to fall. Only bitcoin is in a stable or rising state. altcoins will really rise.
member
Activity: 448
Merit: 10
I think that this is bad because if it falls, the altcoins fall accordingly, so it is very good when it grows up and pulls the rest  Wink
member
Activity: 616
Merit: 30
Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
This brings good for altcoin in my pointof view,because this gives me the opportunity of buying the coins what I believe to grow in the future,some of the coins I bought in this dip are those affected by the bitcoin price dropping
member
Activity: 556
Merit: 10
if in my opinion the altcoin price depends on the price of bitcoin, if btc goes down all alt will go down too because bitcoin is the first coin and has a very big impact,
member
Activity: 420
Merit: 10
This situation has been repeatedly confirmed. At a time when the price of BTC begins to decline, a general decline in the crypto market occurs, and the situation is gradually deteriorating. As a result, there is a rapid decline in prices for most altcoins.
member
Activity: 210
Merit: 10
“Tackling Climate Change Using Blockchain”
Bitcoin constantly dropping is a bad news for altcoin because Altcoin get to be affected.  Not only is altcoin is affected,  it also dicipate the market value of bitcoin in short term to medium term basis!
member
Activity: 406
Merit: 10
The cryptocurrency market is very unpredictable. That is why investors are afraid to invest in obscure coins. And while Bitcoin goes down, they sell all their alternative coins. This leads to a general decline in the market.
full member
Activity: 490
Merit: 108
Not. For those of us who are unfamiliar with cryptocurrency, this is a problem when crypto prices fall. But for those who have experience in crypto they will be happy, because they can invest as much as possible.
You are just running around the subject matter as your point is not clear as to the question asked here. Well, I can say that those who have experienced the rise and fall of cryptocurrency will know better how to buy and sell it. And this has nothing to do with whether altcoins are falling or not.

i'm sorry, the question is what is the effect of putting it on Altcoins?
Of course this is related to the condition of the altcoin at the moment the price has dropped. So for me there is no problem when putting in an altcoin or investing in an altcoin. Because altcoin also has a good chance, we must choose the right altcoin before investing.
sr. member
Activity: 1890
Merit: 295
GOD is TRUE
December 31, 2018, 01:25:08 AM
if a stable coin starts to change the main purpose of currency conversion in the market with all its support, altcoin will not always follow the price movements of bitcoin. But this has an impact on market capitalization that changes the pattern of decentralization, but at least it can make the market move, because if bitcoin continues to fall then all economic circles will also experience bankruptcy.
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