Topic: When bitcoin prices rise up the market also will - page 17. (Read 3361 times)
Ofcourse the market's prices also will rise up. In my opinion, first of all, the reason why it is happened, its because the investors of bitcoin are also investing in other top cryptocurrency's so if we look in the chart of each currency they had the same way of moving. 2nd, some people also buying alternate cryptocurrency because they saw that the price of bitcoin is rising up so that they will put in their minds that this is the time for buying cryptocurrency, this mindset are mostly in traders like me, that's all I can say.
The price of BTC rose due to the serious lack of confidence in the market. The price of altcoin also fell. The time has come to test everyone's patience.
bitcoin has a big influence on the market, because bitcoin has become a dominance and almost all coins are based on bitcoin so if the price goes up the market will also rise
When bitcoin prices rise up the market price will also rise up because the bitcoin is the leader coin in the coin market cap , and it is considered as reference value of tokens and altcoins so if bitcoin rise up ,the other coins will also follow.
Most of the altcoins today has a price based on ethereum which is tether to bitcoins so obviously some of the altcoins will grow its price as well.
Well it don't really happen all the time. We all know that since the price of Bitcoin and ethereum is not proportional to each other all the time as we had seen it in the starting months of this year. The price of Bitcoin in that time is having a great decrease, a lot of investors are worrying that the bubble popped but it is not since that is the normal movement of the Bitcoin but the thing is that while the price of Bitcoin is continuing to fall down, the price of Ethereum is continuing to go up and that is the time that the price of Ethereum reached it's peak at 4 digit price.
Unfortunately you are wrong because the latest events showed that bitcoin was able to grow despite of other altcoins were going down. I also considered earlier like you that bitcoin and some major altcoins like ETH, EOS and others were linked each other in various proportions and a growth in one of them caused a growth in others. Actually this opinion is wrong. By the way we may have a look at the charts of gold and silverand we can see that silver often do not repeat movements of gold although these assets are very similar by sense.
By the way you are right that you have decided to discuss this theme because I also consider that the spread between BTC and ETH is a very important indicator which tells us about the current state of market.
By the way you are right that you have decided to discuss this theme because I also consider that the spread between BTC and ETH is a very important indicator which tells us about the current state of market.
I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
Your observation is very correct. Bitcoin controls the market and has the ability to single handed swing the market up and down. I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
Because these altcoins in the market are alternative coins for bitcoin. Whatever happen to bitcoin market price then it will also happen to this altcoins. ANd the good thing about altcoins in the market is that the supply is not that huge just like bitcoins. SO if there is market price movement this altcoins that had a lower market price supply will going to move higher in terms of percentage compared to bitcoin because of its low supply.
the possibility of bitcoin prices to go up is still there because the supply of bitcoin is already almost maximum. if the bitcoin supply has reached its peak, I'm sure the price of bitcoin will go crazy. because of scarce supply
in my opinion after reading a number of articles I concluded that the bitcoin price movement has a pattern and the pattern is always repeated, from the beginning to the mid-year end the price of bitcoin will decline and at the end of the mid to the end of the year the price will begin to crawl up and even skyrocketed from previous price days
We all know that the bitcoin is the leader of the board in the market cap and bit oi is also the reference value of the token and other altcoins in the coin market , so if the bitcoin will rise ,the other altcoins value would also rise ,and when it fall almost all altcoin will aldo be falling.
I've been seeing and monitoring market prices for how many months and the trend looks this way. So I guess you are right saying that when the price of bitcoin rises up, the market will follow. Rare times I see that as bitcoin price increases, the rest of altcoins decreases. Generally speaking, prices of altcoins mostly depends on bitcoin value whether it goes up or down.
When bitcoin prices rise up the market price will also rise up because the bitcoin is the leader coin in the coin market cap , and it is considered as reference value of tokens and altcoins so if bitcoin rise up ,the other coins will also follow.
Most of the altcoins today has a price based on ethereum which is tether to bitcoins so obviously some of the altcoins will grow its price as well.
When the price of bitcoin is rising, then after a while the whole market will also grow. The market capitalization will grow and thus we will see how soon it will happen .
It all depends on bitcoin, it is the main in the crypto market. Therefore, it is controlled by manipulators.
It all depends on bitcoin, it is the main in the crypto market. Therefore, it is controlled by manipulators.
When bitcoin prices rise up the market price will also rise up because the bitcoin is the leader coin in the coin market cap , and it is considered as reference value of tokens and altcoins so if bitcoin rise up ,the other coins will also follow.
I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
It depends but not proportional. Some altcoins may not recover fast due to their performance and status. I think during this bearish market its better for some altcoins to show that they're resistant and not dependent on Bitcoins price not a manipulation but a project performance as a whole.
Bitcoin having the highest market capitalization makes is have an impact of the market. When bitcoin loses value the total market capitalization is affected significantly and vice versa. However other alts losing value independently don't affect the total market capitalization as much. Sometimes BTC rises and the alts fail to rise too as we have seen recently. But you don't see the alts going up when BTC goes down.
As bitcoin prices increase, people will focus on technology more. They will help the technology grow stronger. But not only bitcoin, but the altcoin will also increase in price because they are competing with each other.
Although we may say that bitcoins and altcoins are both cryptocurrencies who compete each other when it comes to its investors,but we cannot deny the fact that bitcoin is still leading its way and dominates over other cryptos.So with this,when bitcoin price starts to increase in the market,more likely that in the following days altcoins will be on its way to an upward trend too. 
It's a liquidity thing. People tend to buy into the most liquid of all assets. For example, you have Mongolian tögrög and you want to exchange it to Brazilian real. You can't do it directly. What happens is you exchange it first to US dollars and then to real.
Top liquidity fiat: USD, EURO.
Top liquidity crypto: BTC, ETH
So the health of Bitcoin reflects the whole crypto ecosystem.
Which is why the price of ethereum is also very high since many coins are built above the ethereum network and you need to use ETH to send the coins, in fact I have seen many icos that in the past did not even accepted investments in bitcoin and they only accepted Ethereum, however ethereum is not as influential as bitcoin despite having a massive market cap, however there have been some instances in which the price of bitcoin goes up and alts go down since bitcoin begins to drain money from the other coins in preparation for a bull market. Top liquidity fiat: USD, EURO.
Top liquidity crypto: BTC, ETH
So the health of Bitcoin reflects the whole crypto ecosystem.
As bitcoin prices increase, people will focus on technology more. They will help the technology grow stronger. But not only bitcoin, but the altcoin will also increase in price because they are competing with each other.
not necessarily. see in July bitcoin rises and other coins are still lagging below.
In this year the price of Crypto really cannot be predicted because it is very unstable. this is all the cause is that there are too many FUDs about crypto which scares all investors who want to invest again. if the investor is not interested with crypto may market will remain like this until the end of the year.
In this year the price of Crypto really cannot be predicted because it is very unstable. this is all the cause is that there are too many FUDs about crypto which scares all investors who want to invest again. if the investor is not interested with crypto may market will remain like this until the end of the year.
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