Topic: Relationship between Altcoins and Bitcoin - page 2. (Read 257 times)
Of course the main difference between the two cryptocurrencies is the speed with which they can be mined. A block consisting of 50 litecoins is mined by a common network of miners every 2.5 minutes, while the same block takes 10 minutes for bitcoins.
The price of all coins depends on bitcoin because It is a benchmark for the market, this is a reference coin
You're right about that there are so many projects right now even those without a post to this forum for the announcement of token sale or the project development, it's hard to find a decent one these days with the same field different ICO's offering that they have a better one, for the question its pretty obvious for the answers and for the last one of their relationship is that they are built on the blockchain technology.
Altcoins price has huge correlation to Bitcoin. Their price move together with BTC as it is the market
leader with over 50% market dominance and it dictates the dirrection. As the market becomes bigger
in terms of volume this correlation will be weaker.
leader with over 50% market dominance and it dictates the dirrection. As the market becomes bigger
in terms of volume this correlation will be weaker.
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 goal of any ICO is to launch a new project, not token. Tokens are used for empowering and monetizing the project. You have a wrong approach.
Prices for all tokens depend on demand and supply only. There are some tokens which do not fall under the influence of the whole market. Others depend on the price of bitcoin. If bitcoin grows fast people begin sell alt coin and buy bitcoin. If bitcoin fall fast people begin sell altcoins and stay in cash waiting the bottom of bitcoin price.
This applies to most altcoins, but there are exceptions. Like Ripple few days ago, Ripple done 50% when other altcoins and Bitcoin had red numbers.
All Altcoins, along with Bitcoin, play on exchanges in the same size waves. Day trading it can be seen with the naked eye. This pattern sometimes gives positive results when making a profit.
Bitcoin is the main factor affects to Altcoins price, they find the way to get out of the depend in Bitcoin price for years but it's impossible. Stable coins still can't help altcoins less deppend on Bitcoin.
The relationship between Altcoins and Bitcoin is not direct. If one altcoin's price increases that doesn't necessarily affect other altcoins or Bitcoin. BItcoin generally presents itself as the representative, being the first and at the top of the value chain.
I believe on the same thing. There are times that when Bitcoin is going strong some altcoins can be doing the same thing but there are also times when the opposite happened. In my view, the movement in altcoins depends on the factors that directly affected them individually and not collectively. Of course, this is quite related to the law of supply and demand and if one altcoin is doing all it can to make the project really look good and useful then I think the market can be reacting positively. Ascertaining the connection can be so difficult especially in the world of cryptocurrency where things can happen even for no reason at all.
many factors influence the value of altcoins such as positive news about crypto, demand for coins in the market and I think bitcoin prices also affect other altcoin values. because bitcoin is the parent of other coins automatically if the value of bitcoin falls, the altcoin will follow it but only partially and not all ... but in my opinion, increasing the value of coins depends on market demand, so if a lot of automatic coin requests will also increase as well as vice versa .
I believe that btc and altcoins are correlated with each other where in most cases either be it's bullish market or bearish, they have the same market trends. For me, btc is always the baseline in every market conditions and this is what I usually observed when I started to monitor the current market condition.
Prices for all tokens depend on demand and supply only. There are some tokens which do not fall under the influence of the whole market. Others depend on the price of bitcoin. If bitcoin grows fast people begin sell alt coin and buy bitcoin. If bitcoin fall fast people begin sell altcoins and stay in cash waiting the bottom of bitcoin price.
What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
Stupidest but most accurate answer to both of these questions is that total market cap is greatest factor that affect price of some altcoin. There are great projects now that are in the red for a long time, and trading their coins much under ICO price. So we need new investors and fresh money and then even mediocre projects have huge profit!What makes an altcoin value increase? as well as decreases?
Altcoin is indeed in a bad condition and now more investors need to be able to increase the cryptocurrency market. In relation, bitcoin and Altcoin cannot be separated. When Altcoin experienced a decline in the market, it was very clearly affecting the development of bitcoin. So both have to get the same support and this is a step towards the cryptocurrency era. That is an era where all financial transactions will be digital.
Bitcoin is arguably the best of cryptocurrencies.It produces an impression for all the other currecies.If people find it good enough that certainly makes a positive vibe for the altcoins.
there is no relationship between bitcoin and altcoins and their prices. people make this relationship because of what they think is true and then perform based on that assumption so we sometimes end up with a certain behavior so you might think it is actually true.
the only thing that i can think of to be true is the behavior of traders who are in this market. they want profit and whenever bitcoin is stable they move to pump altcoins to make profit.
the only thing that i can think of to be true is the behavior of traders who are in this market. they want profit and whenever bitcoin is stable they move to pump altcoins to make profit.
i think bitcoin is now high im in altcoin
Bitcoin and altcoin are closely related. Bitcoin is the father of electronic money. Bitcoin has a great influence on the electronic money market. As bitcoin prices increase it will increase the altcoin. The electronic money market is dominated by bitcoin. All altcoins are dependent on bitcoin.
Bitcoin is quite understandbly the pioneer here. It laid down the path that never existed before. Although it seems news regarding bitcoins does affect altcoins, but market supply and demand plays major role in altcoin price.
What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
Stupidest but most accurate answer to both of these questions is that total market cap is greatest factor that affect price of some altcoin. There are great projects now that are in the red for a long time, and trading their coins much under ICO price. So we need new investors and fresh money and then even mediocre projects have huge profit! What makes an altcoin value increase? as well as decreases?
Bitcoin is the leader of cryptocurrency. So it creates some influence on the price of altcoins but not drastically. The value of altcoins depends on many other factors.
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