It's seen that Bitcoin decide the fate of altcoins. - page 2.

FortuneFollower

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Quote from: avp2306 on February 05, 2025, 02:37:31 AM

Quote from: bestcandy on February 03, 2025, 09:41:19 AM

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

Not surprising to see that since every altcoins out there has followed the track of Bitcoin. So instead of wasting your time and money for thinking about holding shitcoins maybe more better for you to buy Bitcoin directly since you would see more reliable coins that can possibly bring you some good profits.

Although many may say that alts bring high rewards but still people need to realize how fast the dump and pump scheme happening there and its unpredictable that's why chances to lose is so high.

So better pick the best and eliminate the thoughts of buying shitcoins.

With bigger caps, there is no pump and dump there.
But I agree, many track back to BTC how the ocean waves, and they get bigger pushes from such moves on it.
That's why there is a BTC rally and only then - an alt season for a brief moment, and it all starts anew.

MarjorieZimmermanGinger

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Quote from: Hazink on February 05, 2025, 06:46:45 PM

In some cases, if the Bitcoin price drops, it affects the price of altcoins. Any harm that comes to Bitcoin, the majority of the altcoins get affected. There are also times that are regarded as altcoin seasons when the Bitcoin price might be struggling to retain a certain level while altcoins will be doing well in the market, but these are mostly rare cases.

Some altcoins actually do very well in terms of recovery from drops as a result of the Bitcoin market crash, while some suffer too much from it, which they might never be able to get a pullback after dropping down from a fall. Because of the Bitcoin market, you can hold both Bitcoin and some altcoins, but the person should be careful in times of selection.

More precisely it is called altcoin sisen because usually in this performance bitcoin will experience a decline and altcoins themselves get a significant upward momentum. But in its usual capacity it actually shows the same direction where when bitcoin's performance moves altcoins will follow or it could be the other way around. The momentum of bitcoin's increase is always awaited by most people because this process is what makes some people profit from running investments.

If you want to get involved in altcoin investment then people should recognize some of the more potential ones because not all altcoins have a good future in the market and often they get moments of losing investment value. So choosing a more fundamental one might be necessary so that people do not lose money in the investment.

Hazink

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Quote from: Marykeller on February 03, 2025, 11:47:16 AM

Bitcoin deciding the fate of altcoins is what has been known for long. That's why an investor in the crypto space should think of Bitcoin first as the right investment to make before they think of other investments to make in altcoins because that's like taking the risk of an investment that is not always favorable to the investor.

In some cases, if the Bitcoin price drops, it affects the price of altcoins. Any harm that comes to Bitcoin, the majority of the altcoins get affected. There are also times that are regarded as altcoin seasons when the Bitcoin price might be struggling to retain a certain level while altcoins will be doing well in the market, but these are mostly rare cases.

Some altcoins actually do very well in terms of recovery from drops as a result of the Bitcoin market crash, while some suffer too much from it, which they might never be able to get a pullback after dropping down from a fall. Because of the Bitcoin market, you can hold both Bitcoin and some altcoins, but the person should be careful in times of selection.

Mame89

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Quote from: bestcandy on February 03, 2025, 09:41:19 AM

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

Since bitcoin is the mother of all coins, it is only natural that all altcoins follow the price of bitcoin, That's the only reason. because it is impossible for altcoins to compete with bitcoin, although there are some altcoins that are able to survive when bitcoin falls, it's just a game because in the end you will also lose your money when investing in those altcoins. So no matter when Altcoins will always be dominated by Bitcoin

Just look at when the market was crashing in the last few weeks, many altcoins were bleeding, some fell by 50% in a week. This was all "Only" caused by Bitcoin which fell less than 5% this week. This proves that the price of bitcoin will have a big impact on altcoins.

It can be said that Bitcoin is the safest asset while altcoins are alternative coins for many investors because the goal of most traders or investors is to continue to increase their bitcoin position, so they don't need to continue holding altcoins if their main coin increases. If I can compare Bitcoin and Altcoin when looking at the market. "Bitcoin coughs, then altcoins defecate blood".

avp2306

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Quote from: bestcandy on February 03, 2025, 09:41:19 AM

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

Not surprising to see that since every altcoins out there has followed the track of Bitcoin. So instead of wasting your time and money for thinking about holding shitcoins maybe more better for you to buy Bitcoin directly since you would see more reliable coins that can possibly bring you some good profits.

Although many may say that alts bring high rewards but still people need to realize how fast the dump and pump scheme happening there and its unpredictable that's why chances to lose is so high.

So better pick the best and eliminate the thoughts of buying shitcoins.

jcojci

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It seems the price range now become $90k-$99k Grin

I see that is what happen in this few days so maybe we will see this month will not be good for Bitcoin and altcoin. Altcoin looks suffer with this condition and makes many altcoins down too dip again.

But once again, we will have a good time to buy back at low price so we should use that for our benefit.

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Quote from: rodskee on February 03, 2025, 11:37:31 PM

what makes altcoins a lot riskier than bitcoin is its volatility is a lot higher than bitcoin so when bitcoin declines even for a bit you can expect it to bounce back but the same can not be said for altcoins this decline for bitcoin might be the end for one altcoin out there which is why i would always just go for bitcoin if i want to hold something for the future ahead a lot less thinking and monitoring needed

If you want to hold in the long term then the decision to hold bitcoin is much better because bitcoin has fundamentals and even if there is a correction there will always be a gradual recovery moment. Altcoins with their high volatility can actually put psychological pressure on holders and if they panic it will give the potential for much greater losses so for long term issues altcoins are not something ideal to hold because of their high volatility. If you want to be safe then it is better to hold bitcoin because it is much more proven and much better for the long term as an investment step that we choose.

Questat

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Just think if altcoins decide the fate for bitcoin? Bitcoin will not achieved where it is right now. So it’s better to say that bitcoin decide the fate of altcoins, at least we will witness some potential altcoins going into massive when bitcoin reaches its peak price. However, not all the time bitcoin may influence altcoins. Altcoins have their own role in the crypto market, and they pump and dump of their own even when bitcoin is making a good performance.

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Quote from: bestcandy on February 03, 2025, 09:41:19 AM

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

Bitcoin leads while others follow, this bull run in my opinion has only been about Bitcoin, altcoins has some exposure of investors and flow of money but when there is a little shit show, when Bitcoin moves a little down side, they shit their pant down as if they are the one with the market news. Example of this is Ethereum, that altcoin has been lagging behind for many months and didn't show any good recovery with Bitcoin but crash than Bitcoin on a small news.

I'm not sure if this is a new wave of change in the investment portfolio from among investors but I can tell that people will rather see profits of 10x on Bitcoin than to for altcoin that is guarantee and will crash on any small news. The institutional investors are among the reason why this growth is happening, if the interest on Bitcoin remains the same, people will follow where the money goes and not where the profits is coming on a short term.

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It has been concluded a long time ago that the alts rely mostly and heavily on Bitcoin. And that's why those bag holders of altcoins cannot boast their holdings if they are up because Bitcoin did it first and they have rallied because of it. As we can see, when there's a flash crash, the market also crashes so, it's all reliant to Bitcoin and many still don't like to accept the fact that for this market, Bitcoin is the driver of it.

nakamura12

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It is a common knowledge if you ask me because it is known by many people all around the world and the reason why it is created in the first place. We know that altcoins are created to since there are some things that people want and that is the transaction speed and low transaction fee hence why there are different altcoins. Altcoins are now competing with other altcoins which is better like the tx speed, tx fee and security.

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Quote from: bestcandy on February 03, 2025, 09:41:19 AM

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

Yes that's how the market has always been, the movement of Bitcoin affect altcoins because when Bitcoin pumps, Altcoin are going to follow after and pump and when Bitcoin dumps, the same thing is going to happen and the price of altcoins will dump higher than the dump of Bitcoin. Bitcoin is the only coin that can control the rest of the market because of the share of the market that Bitcoin has, Bitcoin is the biggest and always among the most traded coins excluding stablecoin because they're also having big trading volume as other cryptocurrency are traded against stablecoin.

When the market starts dumping, don't be afraid that the market is dumping but be happy and start buying. The dumps are always expected to happen after Bitcoin has seen significant growth in the past months or week depending on what's happening. All the dumps that comes to the price of Bitcoin used to be recoverable hence don't be afraid of Bitcoin dumping.

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Quote from: PremiumcryptoHub on February 04, 2025, 02:08:44 PM

In the cryptocurrency market, it almost always happens that when Bitcoin's price is dumped, the prices of other coins i.e. alt coins are also dumping, maybe altcoins follow Bitcoin's movements in the market. For example, when the price of Bitcoin dropped to around $92,000 a few days ago, the prices of several other coins, including Ethereum, fell much more significantly. So from this situation, it is clear that if the price of Bitcoin suddenly drops, it will have the greatest impact on the cryptocurrency market. I think altcoins are associated with the most volatility than Bitcoin, which results in the most dumping of the prices of those coins.

The prices of the crypto ecosystem have been quite interesting. The fall of value which was experienced by bitcoin couple of days ago then the rice again has seen bitcoin rise to 5x dramatically. This kind of short downtrend and uptrend, have assisted traders to cash out funds. But like you said, it didn't only apply to bitcoin which fell down to 91k dollars, it also happened to other altcoins like Solana and Ethereum that equally were faced with such moves. Bitcoin will continue to remain an industry leader in determining the prices of these coins as usual and any wise person who's interest to make some bucks will always capitalize on the market trend.

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Quote from: bestcandy on February 03, 2025, 09:41:19 AM

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

In the cryptocurrency market, it almost always happens that when Bitcoin's price is dumped, the prices of other coins i.e. alt coins are also dumping, maybe altcoins follow Bitcoin's movements in the market. For example, when the price of Bitcoin dropped to around $92,000 a few days ago, the prices of several other coins, including Ethereum, fell much more significantly. So from this situation, it is clear that if the price of Bitcoin suddenly drops, it will have the greatest impact on the cryptocurrency market. I think altcoins are associated with the most volatility than Bitcoin, which results in the most dumping of the prices of those coins.

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Quote from: Ucy on February 04, 2025, 01:25:57 PM

Ofcourse, Bitcoin is a parent cryptocurrency. Others are fundamentally tied to it like parts of a body are tied to the head, or children to father.
But, there is an exception i'm aware of: Hive... It's a fork of steem, and has be recently made to fluctuate independently of Bitcoin, unless influenced to fluctuate together by something more superior to both

There is no doubt about it because it is an advanced coin that no one has yet approach. Your point is absolutely correct and it is a very simple example that can be understood by every human being. So far I haven't heard his name nor know anything about him but will definitely search about him as this is the first name I hear with Bitcoin. But I used to think that Bitcoin goes up and down because of its analysis.That what I have been think for 4-5 years and that how Bitcoin was. If it is recommend it is being beneficial.

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Quote from: Ucy on February 04, 2025, 01:25:57 PM

Ofcourse, Bitcoin is a parent cryptocurrency. Others are fundamentally tied to it like parts of a body are tied to the head, or children to father.
But, there is an exception i'm aware of: Hive... It's a fork of steem, and has be recently made to fluctuate independently of Bitcoin, unless influenced to fluctuate together by something more superior to both

Besides the fact that BTC is a parent cryptocurrency is the fact that it is the most successful and most patronized among other cryptos. It is so valuable that it is almost as valuable as gold and silver and that makes all other cryptos look small when ranked close to BTC.

An investment in BTC may not be short term profitable but for long duration investing, the yield is sure to make one true wealth as compared to altcoins that could dump in the slightest moment and fail to rise again.

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Ofcourse, Bitcoin is a parent cryptocurrency. Others are fundamentally tied to it like parts of a body are tied to the head, or children to father.
But, there is an exception i'm aware of: Hive... It's a fork of steem, and has be recently made to fluctuate independently of Bitcoin, unless influenced to fluctuate together by something more superior to both

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Quote from: bestcandy on February 03, 2025, 09:41:19 AM

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

This has been the case for a long time. Altcoins are much more volatile as they are all less mature in age and establishment than Bitcoin. They move up and down for their own reasons, though the amplification of the upside/downside mostly depends on their distribution, their economics/tokenomics, the community sentiment and their overall position as a prospective technology or solution against similar rivals.

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Well I have checked and carried out few technical analysis on this particular question before,and I came to
understand that bitcoin doesn't actually decide the
fate of altcoins,what altcoins does is that they follow the steps of bitcoin both in price and in other things,because bitcoin the father of coins,that's all.

Quote from: AVE5 on February 03, 2025, 09:05:31 PM

The AltCoins market has always been excelling by market manipulations of it developers strategically on the advents of following trends to bitcoin movements so investors who develops rhymes of their bitcoin investments can assume to also play along in the he AltCoin market.
Earlier yesterday bitcoin fell a decline of $91,229 which was so reddish as dipped that also followed the crypto market where other Coins went dipped and reddish in the candle light and then, most of the Memecoins was at the valueless levele but as at now bitcoin has been to regain it market values to had already reached $101,616 with the green light, the AltCoins has also followed the trend that's why I'd stick to call the AltCoins a follow follow of bitcoin.

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To be able to buy an altcoin you will more like be spending bitcoin over fiat. Then again, with bearish runs people will dump their coins be it bitcoin or altcoin.

So yes altcoins do follow the bitcoin trend and I stopped watching then some years back. I never found any true potential of any of them becoming second to bitcoin but we never know what might happen in future. For now I mostly follow bitcoin.

I would not say their fate is sealed, it is all a part of the market cycle. They will come back up, eventually.

Topic: It's seen that Bitcoin decide the fate of altcoins. - page 2. (Read 568 times)