Topic: Is present of altcoin will take effect price of bitcoin? - page 2. (Read 180 times)
Probably one of the effects is the bitcoin price dropped yesterday when the bancor hacked and stolen is altcoin like ETH, pundi x, bnt. true or false???
Yes it will affect the price of bitcoins, first of all the investors will need bitcoin in order to buy some altcoin that makes bitcoin is so popular it was the first crypto, that's why when bitcoin is on high demand the price also will get increase.
But those new altcoins from ICO prefered eth to distribute their tokens and it when get listed in the market especially in forkdelta and etherdelta theres only altcoin/eth and some big exchange theres also altcoin/eth altcoin/btc.
But those new altcoins from ICO prefered eth to distribute their tokens and it when get listed in the market especially in forkdelta and etherdelta theres only altcoin/eth and some big exchange theres also altcoin/eth altcoin/btc.
Okay thanks all. Now I get the point that altcoin almost all needed to pair with BTC and it affect to BTC.
Many thanks
If you got the answer you must lock this thread because many spam thread was created in this forum so we should avoid the spam users in this forum. Altcoins are just a alternative so we should buy Bitcoin then exchange to altcoins so both are mingle with each other and once Bitcoin is down similarly others are down in the market. Many thanks
Okay thanks all. Now I get the point that altcoin almost all needed to pair with BTC and it affect to BTC.
Many thanks
Many thanks
Hi everyone. I'm newbie. I wanna ask question.
Nowaday, many altcoin present in crypto-currency.
My question in my mind, Is present of many altcoin will take effect to bitcoin's price?
Give me an explain plead.
Thank you.
Nowaday, many altcoin present in crypto-currency.
My question in my mind, Is present of many altcoin will take effect to bitcoin's price?
Give me an explain plead.
Thank you.
Well, I think it does have an effect. Since there are a lot of cryptocurrencies and almost all of them are paired with either US dollar, ethereum, or bitcoin, it only means that people will be buying or selling bitcoin from time to time just to buy some altcoin or vice versa.
Yes that's taking effect, there are many altcoins but all of them are giving effect to bitcoin's price. All of these altcoins need bitcoin before buying so it needs to go through bitcoin first before you can have them. In ICOs, some doesn't prefer bitcoin but ETH instead but when it goes listed to an exchange still they will be needing bitcoin. But in some exchange, there's only ETH / altcoin trade orders that you can do.
Bitcoin actually has more effect on the price of altcoins. This is the reason altcoins are in their current state because the price of btc. If there's a BTC bullrun anytime, the prices of alts will spike too
All crypto currencies are related to each other, so, of course, altcoins influence the price of bitcoin, but bitcoin will always exert more influence because of its status as the first crypto currency.
Hi everyone. I'm newbie. I wanna ask question.
Nowaday, many altcoin present in crypto-currency.
My question in my mind, Is present of many altcoin will take effect to bitcoin's price?
Give me an explain plead.
Thank you.
Nowaday, many altcoin present in crypto-currency.
My question in my mind, Is present of many altcoin will take effect to bitcoin's price?
Give me an explain plead.
Thank you.
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