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

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Quote from: GeorgeJohn on February 09, 2025, 02:31:31 PM

Some people argue the fact that altcoins can do without bitcoin, which is very clear that bitcoin gives rise to any other cryptocurrencies, and when altcoins decreases in the market it take altcoin more time to pick off increment whereas bitcoin doesn't take time to restate it's value...And people do value to invest in altcoins more bitcoin due to chances of making profit through altcoins is higher than bitcoin, but in summary bitcoin gives altcoins rise of increase.

Most of those arguments don't hold any substantial truth or an element of truth in them, the reason being that Bitcoin is the market propeller in the cryptocurrency industry today and as a matter of fact, whatever we have seen in the altcoins markets is a reflection of the nature at which Bitcoin move the market and Bitcoin will always and continuously be the main determinant price factors.
Most time I think altcoins are fair different in terms of marketing new coins and concentrating on the product, the older people we all know have loyalty to Bitcoin although some say Bitcoin is too expensive but still much more preferred compared to altcoins.

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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.

Bitcoin is the first and the decentralized coin in the cryptocurrency world. It controls about 50% of the entire market, which is why the rise and fall of Bitcoin's price has a huge impact on altcoins. When Bitcoin is most bullish, altcoins also increase in price, and when the Bitcoin market falls, altcoins fall more than bitcoin. Sometimes, even with a slight fall, Bitcoin loses a lot of value to altcoins, which is why buying altcoins is more risky. In some cases, the market situation, good or bad, depends on the price of Bitcoin. I must say that Bitcoin depends on altcoins. There is no example of altcoin prices increasing when Bitcoin price is down, but when the Bitcoin price increases, the prices of altcoins also increase and follow the same direction in both cases.

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Simple analogy.

Bitcoin @45K, ETH price $3k.
Bitcoin @104K, ETH price: $3k.

From the onset, ETH have always depended on Bitcoin its own runs and other altcoins depends on ETH as well amd the fact that ETH haven't had a major run in this market goes to show how much altcoins have been suppressed in this market.

Everyone is still hoping on an altcoin dominated run though even though now it seems the window is closing for that.

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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.

from my observation in some years now, it's obvious that the strength of bitcoin in the market determine the increase in all coins, without bitcoin altcoins will not exist and they will not stand firm in the like increment, so I know very well that bitcoin increment affects other coins and bitcoin decrement also affect other coins, and if bitcoin is out of market right now, its obvious that no altcoins that can survive within six months.

Quote from: Odusko on February 03, 2025, 10:01:02 AM

It's no longer news that Bitcoin is the sole determinant factor of the entire cryptocurrency market and whatever direction the Bitcoin market takes so will all other coins in the altcoins category take shape, and also note that the impact of the market is higher on altcoins much more than Bitcoin and that is why we all advocate for More Bitcoin holdings than altcoins, even though Bitcoin falls to around $94000 it won't take long to recover back to its previous all-time high price, the cryptocurrency market is a chain and Bitcoin is the major market propeller.

Some people argue the fact that altcoins can do without bitcoin, which is very clear that bitcoin gives rise to any other cryptocurrencies, and when altcoins decreases in the market it take altcoin more time to pick off increment whereas bitcoin doesn't take time to restate it's value...And people do value to invest in altcoins more bitcoin due to chances of making profit through altcoins is higher than bitcoin, but in summary bitcoin gives altcoins rise of increase.

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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

When Bitcoin was fluctuating between 40-50k, many alts were making moves, they go up and down on a sight of update from the team but on sighting Bitcoin going over $100k, everyone minds change to Bitcoin and now everyone put their mind more or Bitcoin than altcoins, even meme coins don't get attention like they used to be in the beginning of the run. Now that Bitcoin is stuck in between Trump update, Altcoins are just shitting thieir life like they don't have diamond hands again.

Bitcoin has always been the faith of altcoins, they don't move when Bitcoin is struggling unless there is one particular big news about a coin. It's either when Bitcoin consolidate they move but the uncertainty of the general market is what is affecting Bitcoin and Altcoins, when Bitcoin shift by a percentage, altcoins moves like they are about to die and bad part of altcoins is that when Bitcoin go up again, they stay where they are like nothing never happened, it's really a big job to buy altcoins to hold.

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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

I don't know if this will still continue in the future or there will come a time when the alt coins will gain their independence from bitcoin. But while we still don't know if such day will ever come, bitcoin will continue to be the market leader and decider. Bitcoin is the most traded coin globally and it's the most known coin. It's Market dominance over alt coins have been like this over the years. Most of the big investors and whales out there invested heavily on bitcoin, and once there is a negative news about bitcoin and it bleeds, and the alt coins will suffer it the most. The alt coins will not rise as fast as bitcoin, because the level of trading in bitcoin alone is more than the entire alt coins market.

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Quote from: pooya87 on February 03, 2025, 11:07:31 AM

Sadly that's true. And it is altcoin developers' fault as well as the users who only care about making money!

There are a lot of developers involved with altcoins who's intention is not to make money but to do something better. The only problem with that sort of thing is that they are vastly outnumbered by token developers, DeFi developers, DEX developers and other scam artists who are looking for the quick rug pull.

So when no easy money can be made on any coins easily then everyone loses interest in crypto simultaneously and the prices of everything are dragged down.

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Quote from: Ambatman on February 03, 2025, 09:49:29 AM

It's not a secret if I must say.
Others follow while Bitcoin moves
Altcoin wouldn't have a market without Bitcoin
So if Bitcoin catch a cold, they will have a fever with some getting cancer.
Yeah they need Bitcoin to survive, Bitcoin isn't just a first mover
It is the face of Cryptocurrency.

Apparently you're very correct Bitcoin is the most active cryptocurrency and as much,many altcoins are connected with Bitcoin.It has been recorded that Bitcoin's existence and markets standards have been able to place active impacts to altcoins and other digital currencies.
Whenever Bitcoin prices elongates, there's a tendency that it's viable for boosting crypto industry and even draw attention to the cryptocurrency markets.

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That is not a secret because since the beginning of the existence of bitcoin has always determined the sustainability of altcoins and shitcoins because that is the reality that is happening today as some people say where the king always determines and makes the conditions of those who follow carried away.

Bitcoin has always been the king and it could even be forever like that so I don't really feel surprised that in the end the situation that is happening now where the fate of altcoins in terms of the market still rests on bitcoin will forever happen. Although maybe we don't all have to say that especially for shitcoins that sometimes always rely on their unreasonable pumps but in the end their sustainability for a long time still follows the movements of bitcoin itself.

moneystery

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bitcoin is like the center of the cryptocurrency market. if bitcoin goes down, then the majority of coins in the crypto market will also go down... and likewise if bitcoin goes up then the majority of altcoins will also go up. that proves how bitcoin has a vital role in the cryptocurrency market and becomes one thing that determines the direction of the crypto market. and that's why people who invest in bitcoin are safer than those who invest in altcoins.. because in terms of market dominance alone, bitcoin is already on top... and we haven't discussed the potential of bitcoin in the future.

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Well, bitcoin has the highest market cap in cryptocurrencyso it obviously affects other altcoins since major investors of altcoins are from bitcoin community so it’s a normal thing in crypto. Altcoins are introduced as imitations of bitcoin and it’s being driven by the community. I’m not even surprised, bitcoin is the father of cryptocurrency and it drives all of the altcoins.

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Quote from: BlackBoss_ on February 07, 2025, 03:11:43 AM

It's not about confidence, it's about quality of a project and its value comes from that. Without good value, that certainly is made up by many factors, a project will fail no matter how much confidence you as a project founder, core team members or a community member has for it.

Confidence is not key to success and if it is about altcoins that can easily be made, launched by forking Bitcoin open source code or altcoin source code, or mint from thin air with smart contracts, confidence has less powerful contribution to success.

If you believe in Bitcoin, read it, and you will see that confidence that is not based on anything does not result in success.
The bullish case for Bitcoin.

Exactly. It has always been about quality. Why do you think Bitcoin is still #1? Because most coins out there only focus on quantity (hype) with the aim of enriching developers and a few early adopters. We should keep in mind that it's not about making money. But rather, making our world a better place.

Since day one, Bitcoin had the vision of decentralizing the economy. It's far from realizing it (especially when centralization dominates the industry), but nothing's impossible. Once people lose trust in the Fiat money system (empowered by central banks worldwide), Bitcoin will take over the globe. Where does that leave altcoins? Alone, left behind in the dust. At least, most of them. I'd just "hodl" Bitcoin and forget about the rest.

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Quote from: Ambatman on February 03, 2025, 09:49:29 AM

It's not a secret if I must say.
Others follow while Bitcoin moves
Altcoin wouldn't have a market without Bitcoin
So if Bitcoin catch a cold, they will have a fever with some getting cancer.
Yeah they need Bitcoin to survive, Bitcoin isn't just a first mover
It is the face of Cryptocurrency.

Savaged 😂
Op is still a newbie not just on the forum but also in the cryptocurrency space and I wouldn’t have to blame him for his question because at this point, everyone already knows the king of crypto which is bitcoin and trust me, every other coin seems to follow it’s footsteps and threads, so if bitcoin goes green, just expect a lot of other coins going ten and if it goes red, also expect other coins going in same direction.

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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 is a Superior cryptocurrency and it's activity affects most of the altcoins that is why most of the time when the price of bitcoin is greenish, other altcoins follow behind and when it is also getting red you will also see most of the altcoins falling. It's not like the price of altcoins depends on the activity of bitcoin but since bitcoin is the head of other cryptocurrency, there is no way it won't have effects on altcoins with it's activity in the market.

OP i believe you wanted to write strength instead you wrote straight, you can check it out from the area that i underlined and make corrections because some persons can be lost when they come across that area where you used 'straight' instead of 'strength'.

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

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.

altcoins seem to be in a tight stop in a sense that when bitcoin rises, altcoins will not be rising exactly with it because people would be focusing on bitcoin or their focus will be all over the place like it would not be focused on only one altcoin so it is difficult to see one specific altcoin rise significantly

but when bitcoin falls down it affects every altcoin because people start fearing for their money regardless of the coin i am assuming the logic behind this is because if bitcoin can fall then so can altcoins

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Quote from: Abiky on February 07, 2025, 02:52:07 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

Obviously, Bitcoin decides the fate of altcoins. They can't survive without it. After all, Bitcoin is the one cryptocurrency that started this craze. Basically every crypto has a BTC trading pair. We could say Bitcoin is the reserve cryptocurrency of the market. Even ETH can't survive on its own. The SEC had approved the spot ETFs for ETH. But such a move didn't attract as much investors as Bitcoin did.

If one day BTC loses its value (which is highly unlikely), other coins will go all the way down the drain in an instant. As simple as that. It's no wonder why many people have chosen to become Bitcoin maximalists. I wouldn't expect things to change for a long, long time. Cheesy

There are instances where bitcoin drops drastically and so altcoins try to chase the position of bitcoin, but they all fail as they can never compete with the potentials and real utility cases of bitcoin. Bitcoin is the founder, while altcoins serve as the followers. Bitcoin dominates the crypto market, while altcoins are left nothing but to follow the path of bitcoin wherever it'll go.

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Fate ≠ price.

It's not all about the price, even the altcoins price really low and can't beat the previous ATH during Bitcoin bull season, as long as the coins have real use case, they will survive.

It will depends on the developers whether they want to continue to projects, abandon it or perform exit scam because they have a lot money. Most altcoins ended up in exit scam and abandoned by the developers.

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Quote from: FortuneFollower on February 07, 2025, 02:57:29 AM

There is no doubt that the sheer confidence that is put in BTC (and not without a reason) wouldn't be reachable for others (I hope one day, it may be different, but in the coming decades - nah, it's crazy to think about it).
That's why its value would only be more appreciated as time goes on, whatever the events may hold it back / hold its adoption.

It's not about confidence, it's about quality of a project and its value comes from that. Without good value, that certainly is made up by many factors, a project will fail no matter how much confidence you as a project founder, core team members or a community member has for it.

Confidence is not key to success and if it is about altcoins that can easily be made, launched by forking Bitcoin open source code or altcoin source code, or mint from thin air with smart contracts, confidence has less powerful contribution to success.

If you believe in Bitcoin, read it, and you will see that confidence that is not based on anything does not result in success.
The bullish case for Bitcoin.

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Quote from: Abiky on February 07, 2025, 02:52:07 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

Obviously, Bitcoin decides the fate of altcoins. They can't survive without it. After all, Bitcoin is the one cryptocurrency that started this craze. Basically every crypto has a BTC trading pair. We could say Bitcoin is the reserve cryptocurrency of the market. Even ETH can't survive on its own. The SEC had approved the spot ETFs for ETH. But such a move didn't attract as much investors as Bitcoin did.

If one day BTC loses its value (which is highly unlikely), other coins will go all the way down the drain in an instant. As simple as that. It's no wonder why many people have chosen to become Bitcoin maximalists. I wouldn't expect things to change for a long, long time. Cheesy

There is no doubt that the sheer confidence that is put in BTC (and not without a reason) wouldn't be reachable for others (I hope one day, it may be different, but in the coming decades - nah, it's crazy to think about it).
That's why its value would only be more appreciated as time goes on, whatever the events may hold it back / hold its adoption.

Abiky

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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

Obviously, Bitcoin decides the fate of altcoins. They can't survive without it. After all, Bitcoin is the one cryptocurrency that started this craze. Basically every crypto has a BTC trading pair. We could say Bitcoin is the reserve cryptocurrency of the market. Even ETH can't survive on its own. The SEC had approved the spot ETFs for ETH. But such a move didn't attract as much investors as Bitcoin did.

If one day BTC loses its value (which is highly unlikely), other coins will go all the way down the drain in an instant. As simple as that. It's no wonder why many people have chosen to become Bitcoin maximalists. I wouldn't expect things to change for a long, long time. Cheesy

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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.

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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.

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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.

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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".

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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.

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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.

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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.

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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.

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Quote from: MarjorieZimmermanGinger on February 03, 2025, 11:09:21 PM

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.

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.

Not as much altcoins follows Bitcoin movement, some are not connected if the price of Bitcoin should sky or not, most of them especially the rugged one's observe price dumb and pump when the owners decides, best by manipulation from the team behind. Meanwhile, there are specific altcoins mostly the top one's that Bitcoin do affect their prices, Ethereum in particular has been surviving mostly because of Bitcoin, since we started the epic price movement we can see Ethereum each time at the back stage following every bit of movement, meanwhile altcoins do have specific seasons for themselves, usually after Bitcoin full bull season.

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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

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.

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Quote from: MarjorieZimmermanGinger on February 03, 2025, 11:09:21 PM

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

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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.

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.

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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.

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

AVE5

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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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Quote from: Botnake on February 03, 2025, 04:13:37 PM

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.

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.

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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

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.

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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

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.

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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 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.

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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. Grin

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Quote from: Frankolala on February 03, 2025, 12:34:58 PM

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

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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.

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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.

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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%.

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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

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.

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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

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.

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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.

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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.

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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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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

That has been like an open secret right from time, Bitcoin is the leading coin of all cryptocurrency, so whatever happens to bitcoin will trickle down to the other coins. However in your analysis you said the decline percent is 4.5% for bitcoin which is not on the high side compared to those altcoins you talked about their decline percenage rate being higher. We understand that the market is volatile, which is natural, but why risk on investing on altcoins that you know that you are at a greater risk of loss if bitcoin just experience a little decline, some of those altcoin project are just looking for a little stumble in the market for them to use as excuse to end their project.

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Altcoins are 100% scams designed to part you from your money. As the saying goes a fool and their money are soon parted.

Altcoins are similar to romance scams, phishing scams, tech support scams, etc. but using a lot of high tech buzzwords and hype to take scamming to the next level.
Which is why the scam and fraud industry is a multi-billion dollar business and growing every year.

Sadly it isn't difficult to take advantage of the average person, you just have to appeal to their human greed, ignorance and stupidity.

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It's no longer news that Bitcoin is the sole determinant factor of the entire cryptocurrency market and whatever direction the Bitcoin market takes so will all other coins in the altcoins category take shape, and also note that the impact of the market is higher on altcoins much more than Bitcoin and that is why we all advocate for More Bitcoin holdings than altcoins, even though Bitcoin falls to around $94000 it won't take long to recover back to its previous all-time high price, the cryptocurrency market is a chain and Bitcoin is the major market propeller.

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It's not a secret if I must say.
Others follow while Bitcoin moves
Altcoin wouldn't have a market without Bitcoin
So if Bitcoin catch a cold, they will have a fever with some getting cancer.
Yeah they need Bitcoin to survive, Bitcoin isn't just a first mover
It is the face of Cryptocurrency.

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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.

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

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