What is the relationship between Altcoins and bitcoin ?

tee-rex

hero member

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Quote from: starplaks on July 17, 2018, 08:12:42 AM

The connection between them is because the price calculations of altcoins occur through bitcoin, because the price of altcoins depends on bitcoin!

I suspect that it is not strictly so. You can trade many altcoins such as ETH, LTC, DASH, ZEC, etc directly for fiat, in any direction, therefore you can't say that the price calculations of altcoins necessarily occur through bitcoin, at least not in respect to major altcoins. The price dependence between bitcoin and the rest of the gang is evident but it is definitely not because people price altcoins in BTC. The price of bitcoin is used as a metric to assess the overall market sentiment and that is why prices of altcoins closely follow the price of bitcoin most of the time.

Chesterjems

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There are not any relationships and there is only hard and close connection which influences on all crypto currencies and on the full situation on the crypto market. It has to be solved but I can not predict consequences after this. They are just unpredictable for everybody on this crypto market.

thsaudtl1

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Let's get lots of useful information!.

In my personal opinion, I think that the relationship between Altcoin and Bitcoin is still up and down.
It is easy to understand that the above is the bit coin, and the one below is the altcoin.
This is a constant truth that still does not change. The beat coin rises to the coin position of the boss, and the price is at the highest price in the market. Therefore, according to the market trend of Bitcoin, the market trend of Altcoin is being determined.
Rather, if the beat coin falls in the market now, Altcoin is going down further and deeper. This is not a very good phenomenon in the crypto market.
However, I think that within the next few years, the bit-coin and altocine relationships can change. If an altcoin such as bit coin emerges, the market flow will be better, and everyone will try to invest.

maronalex2

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The relationship is very hard, because everyone has an impact on the other one, and their prices depend on each other, it is quite funny I suppose.

prosokeslo

newbie

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The relationship is that altcoins always have bitcoin pairs for trading so when the price of bitcoin goes down, it is always affecting the price of the altcoins. Also bitcoin was the first and altcoins just came after.

romoleal

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as a matter of fact, amongst bitcoin and altcoin in a similar sense just, there is no distinction that is as advanced cash (computerized money). which ought to be noted here is the cash, so as a bitcoin advanced money has a specific esteem that makes it conceivable to fill in as a methods for installment (yet authentic isn't yet numerous nations perceive on account of decentralized framework and blockchain technology.different if the bitcoin is the main computerized money and altcoin was utilized as an elective coin than bitcoin as computerized cash (advanced money).

shaadsufi

newbie

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Altcoins are those coins in the market which have a competition with bitcoin itself, the term altcoin was termed by alternative coins essentially an alternative to bitcoin so they are both competitors. altcoin can be seen as a combined but strengthened whereas bitcoin singular but dominating

Valay9836

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As far as I know that the calculations are through bitcoin and therefore changes the cost in the Wake of bitcoin

starplaks

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The connection between them is because the price calculations of altcoins occur through bitcoin, because the price of altcoins depends on bitcoin!

ProstoInvestor

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There is no connection between altcoins and bitcoin. Bitcoin affects the altcoins only because of the movements of large traders. In the technological aspect, nothing connects them.

Proton2233

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Quote from: Afobaje38 on June 20, 2018, 08:26:33 AM

When Bitcoin stagnates, it will likely cause altcoin to stagnate along with it as people wait for a clear sign on the direction of the market or, cause altcoin to boom as people look for returns in altcoins and try to get favorable trades in terms of BTC pairs

This is the main trend and it is clear. But you didn't notice another indicator. During the fall in the price of bitcoins altcoins cheaper relative to bitcoin and Vice versa. This pattern is not clear to me. It seems to me that the altcoin market is even more dependent on the manipulation of whales and look for logic in their behavior is very difficult.

KpopLord

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Quote from: annasadia on May 20, 2018, 10:31:36 PM

Btcoin is the best crypto system of all time but there is coin named Altcoin this is related with btc because the price effect of both of them. Its like share market and if the price of BTC increase some alt coin increases and some decreases so both of them are vice versa.

Yes, I agree to his argument. For me, bitcoin is the most popular in the market but there is also a coin called altcoin which is interrelated to bitcoin. The reason why both coins are interrelated is because it affect the price of each other. The bitcoin is directly proportional to the price of altcoin. For example, when the price of bitcoin increases, therefore the price of altcoin will increase also and vice versa.

Lannie25

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I think the relationship of the alternativecoin to bitcoin is they are competitors in this business and industry because the from the word alternativecoin it use as alternative coin to bitcoin if you are not afford the amount of bitcoin to buy.

ROMANALADIN

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Bitcoin acts as an intermediary between fiat money and altcoins. To invest in new altcoys, you can use a wide range of sites, where bitcoin will act as a kind of intermediary.

dianikusuma

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as it is already known that altcoin many adopted from what owned bitcoin. Thus when the price changed then the bitcoin affects altcoin well. altcoin ability, however, wants to ride but for bitcoin in circumstances down altcoin will also join the down is the same as the other.

disconnectme

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I think there is a weak positive correlation between Bitcoin and ALtcoins. As we can see now that Bitcoin is dragging the whole market down, only few Altcoins in the space have outperformed Bitcoin this year, I'm not putting new ICOs listed recently into consideration

neite99

sr. member

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personally I see btc as a gold and all the other altcoins as currencies which are dependend and backed by gold itself and a change in gold price can affect the whole market .

Sebas.tian

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Most of the altcoin's price are pegged to either BTC or ETH. If bitcoin's price goes down, alts go down too. That is to say that their relationship is directly proportional. There are some instances though like last year, bitcoin lost a large part of its share in the overall market due to the "altcoin season".

rajurathod18

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Now is the right time to see answers of your questions live in the current condition of the market. You can find in almost all top exchanges BTC as main trading pair, when BTC value goes up altcoins too pick rally to go up and when BTC price go down, altcoins price also goes down. When Main trading pair will be down than how can altcoins will go up.

swati123

copper member

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Bitcoin and Altcoin are related as Bitcoin’s price movement generally affect the price of Altcoins. Bitcoin is the 1st Cryptocurrency and after that only Blockchain Technology came into picture.

Topic: What is the relationship between Altcoins and bitcoin ? (Read 557 times)