Topic: What is the relationship between Altcoins and bitcoin ? - page 3. (Read 615 times)
Both of them have the strong relationship. As all brothers run behind elder brother. Similarly bitcoin is first and all altcoins are behind it. When bitcoin changes then altcoins also change. All these are related with block chain technology and they are listed on different exchange.
Most of the cryptocurrency prices in the market will follow Bitcoin walking. Only a few tokens may have independent quotation at the time of issue. Otherwise, there is no difference!
actually, between bitcoin and altcoin in the same sense only, there is no difference that is as digital currency (digital currency). which should be noted here is the currency, so as a bitcoin digital currency has a certain value that makes it possible to serve as a means of payment (but legitimate is not yet many countries recognize because of decentralized system and blockchain technology.different if the bitcoin is the first digital currency and altcoin was used as an alternative coin than bitcoin as digital currency (digital currency).
both are closely related and always go one way, when bitcoin prices rise then altcoin will also rise in price and vice versa, altcoin looked at bitcoin because bitcoin is king and this will continue forever
And then - crypto. If we talk about any specific crypto-currencies, the difference, of course, will be. First of all, this is an algorithm on which the crypto-currency lock and the type of encryption used in the block room work.
I see all goes on the same path between bitcoin and atlcoin when bitcoin rises eating altcoin also rises but bitcoin is different in last year's increase in atlcoin triggered by decreased bitcoin
That they all are based on a blockchain that is copied from Bitcoin (ERC20 platform) so that might be a good relationship after all, also, i think that most of them are always following bitcoin's pattern.
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 this is a matter of perception, because there is nothing like a company that has a real product, crypto has behavior in unity. Well, the most common trend is that when the price of Bitcoin falls, the price of other altcoin also start falling. This is recently been seen in the market right now. We all know it as bear trend.
Of course, this often happens in market conditions. But I think there are other factors that keep prices down, if supply conditions outweigh demand, then prices will skyrocket.
Bitcoin and altcoins are interconnected in a big way and anyone who says otherwise is simply fooling themselves. Bitcoin and altcoin values are usually directly proportional to each other ie. If Bitcoin value rises, altcoin value rises and vica versa. Reverse also happens sometimes, but is uncommon. This is why everyone gets excited for a bull run or are left disappointed due to a bear market since Bitcoin and altcoin values are connected.
Both of are Cryptocurrency which technology and developing are in the same way. But the the relationship between Altcoins and bitcoin is about the Price because of we see that when the price of Bitcoin down then others altcoin price also down and when Bitcoin price up also other altcoin price up. So, Bitcoin effect the price of Altcoin.
Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs.
nobody is funding anybody here.the only thing that exists here is that people use altcoin pumps to increase their bitcoin holdings.
Quote
Given this relationship, Bitcoin price movements effect altcoin prices. But the result is unpredictable.
the result is more predictable than you think.whenever bitcoin drops there is going to be a massive dump in the altcoin market without an exception so it is 100% predictable.
and whenever bitcoin is having a huge rally and is rising up fast and big there is also going to be a dump in altcoin market but not as big. so this is also predictable.
and whenever bitcoin is stable altcoins have a much bigger playground to play around in because many traders look upon altcoins for profit until bitcoin stops being stable. again this is 100% predictable also.
Bitcoin is currently the top coin that is being traded for other altcoins in terms of market cap, volume, and general popularity. This is what makes bitcoin the central of the world of crypto and why it has gravity behind it, having a constant relationship with altcoins prices. When it comes to the trend, when Bitcoin goes up quickly, it will likely depress altcoins as money flows into Bitcoin. When Bitcoin goes down quickly, it may depress altcoins as money flows into fiat or may cause altcoins to increase its value. When Bitcoin stagnates. it will likely stagnate altcoins as well, or may also cause altcoins to boom as people will continuously look for returns to get a favorable income in trading.
I think the relationship is a kinda healthy one. For instance,if we are to look at it from the point view of price changes/shift, almost every altcoins get affected either positively or the other way round. Also, I see Bitcoin as the mother of every other coins that came, and is coming after it. Bitcoin has therefore been playing the role of a good mother always looking out for his children.
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 know these two coins need each other and so Bitcoin and altcoin are the main currencies in the cryptocurrency so therefore both of these coins know a lot of people and considering the bitcoin price can also affect the price of Altcoin because alcoin follows the movement of Bitcoin and if the bitcoin goes down and altcoin prices also fell
Bitcoin is the intermediate currency for you to buy altcoin.
You buy bitcoin altcoin and buy bitcoin on different trading floors
You buy bitcoin altcoin and buy bitcoin on different trading floors
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 connection is the fact that they can't stand on their own without bitcoin all of them are usually trade on exhanges using btc pair. I think probably in the future the might be independent.
Bitcoin was the original cryptocurrency, and as such every other coin to be created in its wake is otherwise known as an “altcoin”. All of them try differently to solve problems, but they are quite similar on a fundamental level.
I think there is a big connection between bitcoin and altcoins. Bitcoin is always on top of cryptocurrency. If it falls, then altcoin will go down, as well on the turn.
There is no basic difference between bitcoin and altcoins. Both are running on the same technology and developing in the same way. Excepr bitcoin, other cryptocurrencies are called altcoins.
Well said, theres no much difference if we do try out to make difference with bitcoin and altcoin yet they are both cryptocurrencies the thing here is that bitcoin was on the 1st coin being created thats why it would always have the title to be the main cryptocurrency but if we do talk on the tech being used its just still the same.Altcoin were created the same but there are some new feature which bitcoin doesnt have but still dominance in the market would really be there. Jump to: