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.
Almost most altcoins do follow bitcoin's movements and that happens even on its journey in the market. Like what happened yesterday where bitcoin experienced a correction and all altcoins if observed actually experienced a fairly deep decline so that if you look at the market conditions it looks so red. However, in a short time the recovery moment occurred again so it didn't take long for bitcoin to return to the recovery path as it is now. The correction pressure that occurred was inseparable from several events that occurred and it was not surprising because we are starting to get used to seeing these conditions and maybe it will continue to be in conditions like this for the journey of bitcoin itself.
Topic: It's seen that Bitcoin decide the fate of altcoins. - page 3. (Read 568 times)
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
I agree that buying altcoins is allowed but of course those that already have a name and are registered with cmc whether to take the top 50 or top 10. If it is new I think it is still weak and the price will certainly fluctuate very quickly, not to mention the pressure of the hodlers who will also sell when they see the market is strongly corrected. Actually there is a good lesson that we can take when the market is in its current condition. If we want if not just oc.
Almost most altcoins do follow bitcoin's movements and that happens even on its journey in the market. Like what happened yesterday where bitcoin experienced a correction and all altcoins if observed actually experienced a fairly deep decline so that if you look at the market conditions it looks so red.
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 hero member
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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.
Almost most altcoins do follow bitcoin's movements and that happens even on its journey in the market. Like what happened yesterday where bitcoin experienced a correction and all altcoins if observed actually experienced a fairly deep decline so that if you look at the market conditions it looks so red. However, in a short time the recovery moment occurred again so it didn't take long for bitcoin to return to the recovery path as it is now. The correction pressure that occurred was inseparable from several events that occurred and it was not surprising because we are starting to get used to seeing these conditions and maybe it will continue to be in conditions like this for the journey of bitcoin itself. 
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.
Bitcoin does not decide fate of altcoins, because Bitcoin is developed by Bitcoin developer community and altcoins are developed by altcoin developer teams.Fate of altcoins will be decided by altcoin developers, and most important founders of those altcoin projects. They are centralized altcoin projects and if their founders abandon their projects, it's almost the end of the project fate. If fortunate enough, one or some core developer team will continue that project but altcoins mostly die with time because their founders and core developers are not too capabale in development and lack of dedication on their project development with time.
Two articles say many insightful things about altcoins.
How many cryptocurrencies failed?
The two types of altcoins: an investor's view.
Don't buy altcoins because they are top altcoins
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.
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.
Altcoins are just clones of bitcoin as they were formed from the image of bitcoin. While bitcoin is the founder of crypto market, the altcoins are considered the alternative coins.
However, since bitcoin dominates the altcoins, whatever the price of bitcoin, altcoins follow. If bitcoin price drops, their prices are bound to fall as well, and even much lower than bitcoin. But when bitcoin price surges high, not all altcoins go up as some have didn't manage to recover from price drops. That's how dependent altcoins are to the movement of bitcoin in the market. They want to imitate bitcoin so they can compete but will always fail in the process.
However, since bitcoin dominates the altcoins, whatever the price of bitcoin, altcoins follow. If bitcoin price drops, their prices are bound to fall as well, and even much lower than bitcoin. But when bitcoin price surges high, not all altcoins go up as some have didn't manage to recover from price drops. That's how dependent altcoins are to the movement of bitcoin in the market. They want to imitate bitcoin so they can compete but will always fail in the process.
That's how it's been in the past, but what needs to be noted is that the situation above is just market shock therapy and the possibility for the crypto market to recover in the next few days because I'm sure Trump is thinking enough and saving his domestic industry first by making policies in the near future as well as the crypto industry.
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
https://www.coingecko.com/en/coins/bitcoin
Yes, and a ton of shorts got wrecked (again) and lost their shirts when it bounced back over 100K almost immediately. Some people just never learn.
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
Altcoins are just clones of bitcoin as they were formed from the image of bitcoin. While bitcoin is the founder of crypto market, the altcoins are considered the alternative coins. https://www.coingecko.com/en/coins/bitcoin
However, since bitcoin dominates the altcoins, whatever the price of bitcoin, altcoins follow. If bitcoin price drops, their prices are bound to fall as well, and even much lower than bitcoin. But when bitcoin price surges high, not all altcoins go up as some have didn't manage to recover from price drops. That's how dependent altcoins are to the movement of bitcoin in the market. They want to imitate bitcoin so they can compete but will always fail in the process.
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 pattern for some time now. The price movement of Bitcoin determines how the altcoin market will go. Bitcoin is the pathfinder of cryptocurrencies this is why altcoins will always follow its path. There have been several developers who have predicted that their coins will become better and more valuable than Bitcoin, but all of them turned out to become pump-and-dump coins. Even some altcoins that have been around for a long time cannot be trusted because they have some lapses. https://www.coingecko.com/en/coins/bitcoin
Bitcoin is the first digital currency in the world and also the king of the cryptocurrency market which will certainly affect the movement of altcoins or other currencies, and altcoins are imitations of Bitcoin that will never be as perfect as Bitcoin and Bitcoin can be likened to the backbone of the family and if Bitcoin is sick then the others will be affected. I mean likening Bitcoin to a father in a family who has to earn a living or income for his family and if he is sick or something happens that causes him to be unable to work then his family will starve or other things that can harm his family and vice versa if he can work well then his family will be happy and will get enough food and can meet all their needs. And I take a simple example that can be easily understood because Bitcoin can be said to be like that and can affect altcoins especially when the price is falling and altcoins will fall even more significantly. 
Altcoins are duplicate of bitcoin and also the opposite of bitcoin. The developers created them to make their pocket fat and not to solve any problems for investors. Bitcoin controls their price and the funny thing is that if bitcoin dumps, some of these altcoins will dump and not recover when bitcoin is pumping.
Even if there are other Altcoins that are actually trying to innovate something I can agree with you that 99% of other coins are just simply duplicate and lack any proper innovation. Many will say bitcoin is the first coin and that’s why it takes the lead and I usually debunk this and simply say that bitcoin utility is what drives it or gives it its value and been considered as investment.
Bitcoin dump usually signifies that there is a negative impact on the market and as such every investors usually go for very volatile coins that’s why the Altcoins usually suffer more because they are not guaranteed of survival after every huge dump. For bitcoin it’s investors know that even after dump their is belief it will come back up again but Altcoins doesn’t have that guarantee. Reasons why they heavily hit most especially those without any utility
Altcoins are duplicate of bitcoin and also the opposite of bitcoin. The developers created them to make their pocket fat and not to solve any problems for investors. Bitcoin controls their price and the funny thing is that if bitcoin dumps, some of these altcoins will dump and not recover when bitcoin is pumping.
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.
I admit the power of crypto is getting centralized back to the Bitcoin. You're mentioning some alts declined so hard, and surprisingly, some were reaching new ATL, which can confirm if alts has no power any more compared to the bitcoin.
It seems people who wish to see the same bullrun as 2021 - 2022 will never come. We're back to the time when Bitcoin is fully ruling crypto market, though BTC.Dominance is still staying around 61%.
It seems people who wish to see the same bullrun as 2021 - 2022 will never come. We're back to the time when Bitcoin is fully ruling crypto market, though BTC.Dominance is still staying around 61%.
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
https://www.coingecko.com/en/coins/bitcoin
That's how it happens every single time. When Bitcoin jumps, altcoins jump too and vice versa. I am obviously not counting meme coins here as these are not real coins.
I think it happens due to the dominance of Bitcoin on the crypto market. Every single altcoins can be traded with Bitcoin in almost all exchanges. So when the value of Bitcoin changes, it impacts the value of the altcoins as well. I mean that's a trend that's ongoing since inception of I am not wrong.
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
https://www.coingecko.com/en/coins/bitcoin
Of course, until now Bitcoin influence on the market still dominates, this can be seen from the fall in Bitcoin price in recent days, even though it only touched the $92k level, the effect on altcoin prices was very significant, even Ethereum itself was affected until it fell to the $2k price level, although it did not take long for Ethereum to recover. In contrast to several other tokens that are still making low, even though the current Bitcoin price is at $98k, this is very frustrating considering that when the Bitcoin price drops it will have an impact on other tokens to go down, unlike when Bitcoin goes back up, altcoins will remain sideaway at low prices.
Sadly that's true. And it is altcoin developers' fault as well as the users who only care about making money!
Innovation mostly died in the cryptocurrency world and over the past decade we've seen very little of it. Instead we've seen so many money grab projects that are created to be pumped and dumped, and people love them. Therefore that's what we mostly see in the altcoin market.
Basically every time I hear someone say this new coin is "better" than bitcoin, I know I'm most probably dealing with a shitcoin and it makes me sad because I really like this technology and want to see it improve...
When that's what they create (useless coins) they obviously have no potential and people obviously don't have any faith in them. So when the only useful currency makes any kind of move, they dump their altcoin bags and come to the bitcoin market. When that move is in the downward direction, they also panic and sell their altcoins more than they sell their bitcoin. Therefore we see a bigger altcoin dump every time.
Innovation mostly died in the cryptocurrency world and over the past decade we've seen very little of it. Instead we've seen so many money grab projects that are created to be pumped and dumped, and people love them. Therefore that's what we mostly see in the altcoin market.
Basically every time I hear someone say this new coin is "better" than bitcoin, I know I'm most probably dealing with a shitcoin and it makes me sad because I really like this technology and want to see it improve...
When that's what they create (useless coins) they obviously have no potential and people obviously don't have any faith in them. So when the only useful currency makes any kind of move, they dump their altcoin bags and come to the bitcoin market. When that move is in the downward direction, they also panic and sell their altcoins more than they sell their bitcoin. Therefore we see a bigger altcoin dump every time.
clearly and this is quite affecting the movement of all coins on the exchange. If you want to be safe and get back quickly, the only choice is to buy potential coins and of course what is widely recommended here is BTC. Indeed, we often hear that we only buy BTC but at times like this BTC is the first reference for the rise and fall of other coins.
Bitcoin is the king of cryptocurrencies, we have to accept that when the price of Bitcoin goes up, the price of altcoin goes up and when the price of Bitcoin starts to go down, the price of altcoin goes down a lot. If the price of Bitcoin falls, it recovers quickly. But if the altcoin price falls then it becomes very difficult to recover. Bitcoin started to rise again, reaching around 99k. But you will find that altcoins will not recover easily. So if you want to invest, do it in a trusted currency like bitcoin, don't go to altcoins. Altcoins are very risky, if you lose it you won't get it back.
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