Topic: Relationship between Altcoins and Bitcoin (Read 257 times)
Bitcoin is a basic coin that is able to find other altcoins in crypto, many people who want to create altcoins to be able to develop as in bitcoin, but this is not as easy as we thought. The value of bitcoin greatly influences the value of altcoin because it is a parent coin that is able to expand widely and a variety of good or bad news certainly affects its value.
The only relationship I see between the two is the ideology behind Blockchain! But more to it is the fact that $Bitcoin being a pioneer is the word "Blockchain" itself there is no where you hear "Blockchain" that $Bitcoin isn't mentioned! Even when you talk about other coins, you can't help chipping in $Bitcoin at some point! Bitcoin detects the pace of the market for altcoins, where $Bitcoin suffers demeaning criticism, altcoins aren't left out because the parent technology "Blockchain" is a common idea that both $Bitcoin and Altcoins share!
Its a given thing specially because the codes are opensource. But in relation to its prices, I think its the traders that give gives significance to each. When tokens are dumped in exchange of BTC, literally means the demand of BTC foes up while price of that token goes down. Same thing when we do it with USDT which was very recent.
The relationship between Bitcoin and Altcoin are inverse in cryptocurrency trading market and complimentary when it comes to code, development and prospect and adoption!
The only relationship I see between the two is the ideology behind Blockchain! But more to it is the fact that $Bitcoin being a pioneer is the word "Blockchain" itself there is no where you hear "Blockchain" that $Bitcoin isn't mentioned! Even when you talk about other coins, you can't help chipping in $Bitcoin at some point! Bitcoin detects the pace of the market for altcoins, where $Bitcoin suffers demeaning criticism, altcoins aren't left out because the parent technology "Blockchain" is a common idea that both $Bitcoin and Altcoins share!
Since all altcoins prices are tied to bitcoin thru the exchanges, then everything in crypto is related to it.
If trading of altcoins will be de-coupled from bitcoin, then we'll see it's dominance decrease.
The market still new and still on it's progress that's why everything still tied with bitcoin, if things works properly and most of those real project dominate from its target venue maybe we will see things will change and everything won't relied with bitcoin but those alts will have its own progress even without comparing with bitcoin we are still looking forward to see this when crypto market will succeed being adopted all over the globe. If trading of altcoins will be de-coupled from bitcoin, then we'll see it's dominance decrease.
Of course this is closely related, between bitcoint and altcoint, if bitcoint rises then altcoint will also follow it and vice versa, bitcoint is the parent of all coints
there are also altcoins that are not able to keep up with the growth of bitcoin prices when the price of bitcoin rises and it turns out that there is an altcoin whose value is decreasing. usually, altcoins that are unable to compete in the market will die or have no value. You should only invest in bitcoin to avoid bad things.
Since all altcoins prices are tied to bitcoin thru the exchanges, then everything in crypto is related to it.
If trading of altcoins will be de-coupled from bitcoin, then we'll see it's dominance decrease.
If trading of altcoins will be de-coupled from bitcoin, then we'll see it's dominance decrease.
What makes an altcoin value increase? as well as decreases?
I see coin prices increase depending on the platform they develop, or the continuation of the platform. Suppose they create coin exchange and exchange platforms get support from various coins, then the coin will quickly remember the price. For example, a coinmaker creates a coin about hospitality by paying a hotel by coin, then the coin price will increase, because enthusiasts will always increase and the coin turnover will run smoothly.
Of course this is closely related, between bitcoint and altcoint, if bitcoint rises then altcoint will also follow it and vice versa, bitcoint is the parent of all coints
Alts are closely linked to Bitcoin. When btc drops, usually alts drops too and vice versa.
I am basically a huge supporter of cryptocurrencies in general. However I think that Bitcoin will go way beyond 20K mark. Not because of the tech but because it acts and the leading crypto. I know that this will not be the case forever but I'm pretty confident that no other currency is going to replace bitcoin for few years (in terms of popularity - not the market cap). I'm a huge supporter of waves, Iota and stellar.
I am basically a huge supporter of cryptocurrencies in general. However I think that Bitcoin will go way beyond 20K mark. Not because of the tech but because it acts and the leading crypto. I know that this will not be the case forever but I'm pretty confident that no other currency is going to replace bitcoin for few years (in terms of popularity - not the market cap). I'm a huge supporter of waves, Iota and stellar.
The relationship between altcoins and bitcoins are the trading pairs that exists between the two of these coins. If they are paired together then whatever happens to the price of bitcoin is what happens to the price of the altcoins. that is the relationship between them. The altcoins are what help to bridge the gap that is left by the supply of bitcoin
my little opinion is, there's someone still manage to manipulate the market price, it just like stocks market, im not good in these theory, just my guard instinct
What makes an altcoin value increase? as well as decreases?
I see coin prices increase depending on the platform they develop, or the continuation of the platform. Suppose they create coin exchange and exchange platforms get support from various coins, then the coin will quickly remember the price. For example, a coinmaker creates a coin about hospitality by paying a hotel by coin, then the coin price will increase, because enthusiasts will always increase and the coin turnover will run smoothly.
Litecoin has a lower transaction time, which means that payments for goods and services can be confirmed faster than bitcoin. This is a very important point for retailers. And another difference is the number of coins available. Litecoin can be produced 4 times more than bitcoins, namely 84 million pieces.
For now it is slightly better compared to Bitcoin, but it won't last long because Bitcoin's development is improved extremely fast compared to any other cryptocurrencies. Also do not forget the fact that Litecoin was created based on Bitcoin source, personally i interesting into something original other than a copy.
why ? it is because they knew what they were doing before and i believe they also knew how to make it better from before compared to others who created something based on others.
in the end i believe Bitcoin will surpass it.
For now, altcoin only has one goal which is as Bitcoin generator too.
even if they have something so called 'partnership', it won't help them out that much and they still need Bitcoin to fix everything.
that was why when Bitcoin plummeted from $20.000 before into this level, a lot of alts(basically everything) were moving down crazier than Bitcoin itself.
A question arises when we think of the possibilities that the leading cryptocurrency bitcoin is related to other altcoins such as ETH, doge, litecoins and etc. Bitcoin price directly influence the other altcoins. but their relationship is not that predictable. One interesting thing to find out is whether ALTCOINS with the same state has a value relationship. It is when we analyze if there is a direct and indirect proportion between two altcoins that we compare especially, their market value. ICO's goal is to create a new Altcoin. This concept might affect the relationship of their value since, investors are fixed with their desired ICO, there would be a low investment to the coin offering because of the increasing number of ICO and altcoin. Investors are divided meaning to say that not all of the ICO would have the opportunity to succeed.
What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?
What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?
The relationship stems from the trading pairs that all of the altcoins have with bitcoin. When there is trading pairs and the price and volume of bitcoin goes down then the value of the altcoins go down too since that means that there is not as much volume of bitcoins going into trading the altcoins too. That is how I understand it though
Litecoin has a lower transaction time, which means that payments for goods and services can be confirmed faster than bitcoin. This is a very important point for retailers. And another difference is the number of coins available. Litecoin can be produced 4 times more than bitcoins, namely 84 million pieces.
A question arises when we think of the possibilities that the leading cryptocurrency bitcoin is related to other altcoins such as ETH, doge, litecoins and etc. Bitcoin price directly influence the other altcoins. but their relationship is not that predictable. One interesting thing to find out is whether ALTCOINS with the same state has a value relationship. It is when we analyze if there is a direct and indirect proportion between two altcoins that we compare especially, their market value. ICO's goal is to create a new Altcoin. This concept might affect the relationship of their value since, investors are fixed with their desired ICO, there would be a low investment to the coin offering because of the increasing number of ICO and altcoin. Investors are divided meaning to say that not all of the ICO would have the opportunity to succeed.
What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?
What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?
We can say btc is the king of crypto space. So we can understand markets situation ( bull or bear ) from btc price chart. So because of that altcoins will move together with btc. Because btc is determining the general market condition. If you are saying why alts increasing sometimes with btc but sometimes not increasing with btc. Because sometimes we can see manipulations in market. ı believe whales sometimes try to pump altcoins because they want to earn btc. and after that they dump that btc like that.
The connection between bitcoin and altcoin exists, since the latter are traded in pairs in bitcoin, and their price directly depends on the value of bitcoin. Also, the price is formed by the users themselves, since they create a demand for coins, and accordingly, with an increase in demand, the price increases.
through your explanation, i think altcoin rate was defend on market situations and the most important was bitcoin itself as parameter for altcoin price in market.
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What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
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their platform or product is a fundamental reason that can create growth and can increase its price. like the BNB which has binance exchanges, because every day the user continues to grow and the trading volume continues to rise, then this will automatically create a demand for the BNB.What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
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