Topic: What is the relationship between Altcoins and bitcoin ? - page 2. (Read 589 times)
There relationship is that they are funding each other to run that is why bitcoin price affects altcoin price and vice versa. Bitcoin is the center of cryptonomy so its price affects other coins prices.
as I know there is no fundamental difference between the two, both bitcoin and altcoin run on the same technology. this is like the stock market, if the bitcoin price increases then altcoin will also increase as well should be. because as we know, bitcoin is the best crypto system and it does have an effect on price in the market.
It seems like a short lesson in altcoins for dummies is due and overdue. Altcoin is not a name for a coin, unlike bitcoin, which is a name for, well, Bitcoin. There are many altcoins in existence today, and not all of them are built on the same technology as bitcoin. Some of these coins are centralized, for example, Ripple. Others are said to represent the American dollar in the cryptoworld, like Tether. Obviously, the latter is also centralized and both have nothing to do with the blockchain. Apart from these, there are true decentralized cryptcurrencies which are not using the blockchain technology at all. Byteball is one of such coins, maybe there are others.
as I know there is no fundamental difference between the two, both bitcoin and altcoin run on the same technology. this is like the stock market, if the bitcoin price increases then altcoin will also increase as well should be. because as we know, bitcoin is the best crypto system and it does have an effect on price in the market.
The main currency in cryptocurrency markets is Bitcoin. Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements effect altcoin prices. But the result is unpredictable. Certainly there are some common relations between them. So what are the common trends that occur to altcoins when bitcoin price changes ?
I think both bitcoins and altcoins are the same but bitcoin has the higest rating and is the first crypto currency so all other crypto currency after bitcoins and called altcoins but mean same thing for now just difference in price The main currency in cryptocurrency markets is Bitcoin. Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements effect altcoin prices. But the result is unpredictable. Certainly there are some common relations between them. So what are the common trends that occur to altcoins when bitcoin price changes ?
I think the trends and relationships are pretty well established and time tested already. The total majority of altcoins follow Bitcoin both on the way up and on the way down, so it is unlikely that as you say alts tend to fund Bitcoin runs. If it were so, we would see them crash when Bitcoin starts to rise and still more so given that the Bitcoin market cap by far exceeds that of any single altcoin. But it is simply not so. If Bitcoin surges, most altcoins, especially the major ones, follow it closely. And the whole market goes down along with Bitcoin as well.
The relationship between altcoins and bitcoin is not so different because it's still through the same technology they run (blockchain). It's just that apart from all other cryptocurrencies are called altcoins apart from bitcoin.
I understand this: the price of altcoins depends on the price of bitcoin. It's always. This became the rule in the crypto world.
All are crypto currencies and their prices were depends on its own supply and demand of the market so there no direct relation between my coins.But most of the crypto currency prices moving according with the bitcoin price.
The main currency in cryptocurrency markets is Bitcoin. Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements effect altcoin prices. But the result is unpredictable. Certainly there are some common relations between them. So what are the common trends that occur to altcoins when bitcoin price changes ?
the only relation I think has something to do with the market value of Bitcoin and most of the altcoins. As what we are witnessing at this moment, whatever happens with the market price of Bitcoin, reflects to the market value of many altcoins, proportionally. This is the only thing i know which relates Bitcoin and most altcoins.
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
When Bitcoin goes up quickly, it will likely suppress or depress altcoins as money flows into Bitcoin, When Bitcoin goes down quickly (for example after a highly anticipated fork), it will likely depress altcoins as money flows into fiat
The main currency in cryptocurrency markets is Bitcoin. Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements effect altcoin prices. But the result is unpredictable. Certainly there are some common relations between them. So what are the common trends that occur to altcoins when bitcoin price changes ?
They have a bad realtionsship.
Altcoins are overlyattached to BTC . When Btc changes by 5% altcoins tend to overreact an go crazy and chnage 10-20%. There are some instances when altcoins feel safe after BTC have been stable for some time and then they start to flourish until btc moves again.
As per observation, bitcoin and altcoins are correlated with each other and for every price movement whether it is up trend or down trend, it seems that it is directly proportional with the other. Once bitcoin drops, altcoins also follow the dip and vice versa. I had notice and observed this kind of trending with respect to the price movement for almost 5 months in being here with the community forum.
I thouhgt bitcoin is the strongest currency, and everyone is more confident in bitcoin than other currencies, it's similar to the current exchange rates like JPY / USD, EUR / USD, ....
Relation between altcoin and bitcoin is this that both are in the market for each other and if bitcoin raise altcoin automatically raise and vise-versa, actually it affect due to the exchange rate and number of transactions more the transaction more the increase and more the raise in altcoin price this is the relation.
I don't agree with you. This is the situation now but in the past the situation was quite different. At the time when the price of bitcoin decreased capital passed into altcoins and for this reason their price grew. Now the demand for cryptocurrencies has decreased and for this reason prices are falling on all cryptocurrencies. The dollar is leaving the cryptocurrency market.
BitCoin is the largest volume and most valuable coin on the currency market. bitcoin forms the basis of other coins and directly affects them.
Relation between altcoin and bitcoin is this that both are in the market for each other and if bitcoin raise altcoin automatically raise and vise-versa, actually it affect due to the exchange rate and number of transactions more the transaction more the increase and more the raise in altcoin price this is the relation.
The most glaring relationship between Bitcoin and Altcoin is the price behaviour. If Bitcoin is rising in price, the value or such rise is going to affect Altcoin positively. In a situation where people are dumping Altcoin to buy more Bitcoin, the value of Altcoin remain stable and some times increase!
Actually the relationship of the alterntivecoins and bitcoin to each other is they are competitors in this business although they are not totally same because the bitcoin is much better to use in this industry.
The only link between Bitcoin and altcoins is to share the same blockchain technology. So the exchange rates of BTC and altcoins are related and affect each other if the market is experiencing fluctuations in exchange rates. Usually, when the exchange rate increases, altcoins increase as the demand for investment increases and the exchange rate increases.
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