When bitcoin prices rise up the market also will - page 2.

Xising

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Quote from: Jiddyyy on July 26, 2018, 06:49:27 AM

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?

That's the usual trend mate. Bitcoin has been the biggest market controller, by far, compared to other coins and also other market movers like the community, trends and latest news pertaining to cryptocurrencies. Bitcoin has had that capacity because of its characteristics being the pioneer coin with the biggest value amongst all other coins. It also is the single-most recognized coin by many of the cryptocurrency users seasons and beginners alike. Having so many things going for it has really made it the best entity that either draws the market up or pulls it down, depending on how it's moving in itself.

bettercrypto

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If you would notice that bitcoin's price is way higher than the rest of the cryptocurrency, this is the reason why the current market situation and bitcoin's price varies directlywith each other. Also, bitcoin is highly recognized by countries all over the world. Bitcoin has the biggest market cap meaning establishing a wider community that makes bitcoin as the gauge for cryptocurrency market. Up to now, no coin come close to bitcoin.

chrisculanag

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I think bitcoin will rise up after the end of this year or before the end of this year , so be ready for the big pump . Whales always control the bitcoin to earn more profit so we are only investors so we need to hold for the big profit dont sell low always sell high . Always updated about the news its can help you to determine whether its bad or good in this year.

Buttermellow

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Quote from: drm on July 26, 2018, 07:16:16 AM

Quote from: Jiddyyy on July 26, 2018, 06:49:27 AM

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 would be different if all coins were pegged to let's say the dollar but everything is pegged to btc, all the alts can do is look if btc went up or down and adjust the price accordingly.

Yeah but not all of the crypto in the market is being pegged with BTC. There are others that uses the platform of other crypto like ethereum. Those crypto that uses the platform of ethereum will be directly affected if ethereum market price will move. This is why most of the cyrpto in the market that uses ethereum platform is now in bad condition for it has relatively drop to almost 10x. on its market price before the bear market.

Westinhome

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Ill noticed it since in the past year if the bitcoin will started to rise the altcoins in the market also was they same to rise.
Maybe the bitcoin was the head of all altcoins, So that if we have bitcoin or altcoins that you think it was a potential maybe just hold it a little. Because when it comes the bitcoin rise the altcoins also will.

Helpme_please

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Quote from: nur rochid on November 11, 2018, 12:59:18 AM

Quote from: demonz666 on November 10, 2018, 10:38:56 PM

the bitcoin is directly proportional to the other cryptocurrency. because bitcoin is the main currency in cryptocurrency. like USD dollars in fiat currencies. the ride will affect all currencies in the world. Bitcoin is the first coin in cryptocurrency and the leader of all coins. when bitcoin then money will flow to bitcoin and cause the altcoin to be depressed and then the altcoin will also rise and cause the market to go green. so also when bitcoin goes down altcoin also falls and the market goes red.

for altcoins, depending on development of their respective projects. when the altcoin is a lot of requests, the path to buy it is bitcoin, so this will increase price of btc

bitcoin and altcoin price has strong correlation.direct or undirect is has.bitcoin market sentiment mean investor trust level that infulence to market capitalization to bitcoin and altcoin.

bce

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It might also be said that because we know that bitcoin is a coin that is still in the top rank among crypto coins, in conditions like today we must be clever to take advantage of every opportunity we get in investing

cfif123

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it is true because it is very often that bitcoin has experienced a price increase, the market will also follow up, because bitcoin has become a benchmark price for coins below and for the market too

nur rochid

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Quote from: demonz666 on November 10, 2018, 10:38:56 PM

the bitcoin is directly proportional to the other cryptocurrency. because bitcoin is the main currency in cryptocurrency. like USD dollars in fiat currencies. the ride will affect all currencies in the world. Bitcoin is the first coin in cryptocurrency and the leader of all coins. when bitcoin then money will flow to bitcoin and cause the altcoin to be depressed and then the altcoin will also rise and cause the market to go green. so also when bitcoin goes down altcoin also falls and the market goes red.

for altcoins, depending on development of their respective projects. when the altcoin is a lot of requests, the path to buy it is bitcoin, so this will increase price of btc

SvonioneFromMangoCoinz

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Quote from: Jiddyyy on July 26, 2018, 06:49:27 AM

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?

That's not how the market works now. As Bitcoin's price increases, the whole market rises because it's a manipulative organization that takes over all of the altcoins. But now things are different. As evidence of Tether's bad news, Bitcoin's price has risen to $ 8k in a short while and the altcoins remain stable. That means the manipulation plan is gone.

demonz666

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the bitcoin is directly proportional to the other cryptocurrency. because bitcoin is the main currency in cryptocurrency. like USD dollars in fiat currencies. the ride will affect all currencies in the world. Bitcoin is the first coin in cryptocurrency and the leader of all coins. when bitcoin then money will flow to bitcoin and cause the altcoin to be depressed and then the altcoin will also rise and cause the market to go green. so also when bitcoin goes down altcoin also falls and the market goes red.

LeaderAMB

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Quote from: DAVETUN on September 25, 2018, 03:22:17 PM

Bitcoin is the king of all digital currency, it price movement always have an impact on other currency,Although for project that is viable and with a product in the real world, there value is not fully dependent on bitcoin price but the roadmap of the project and also news related to cryptocurrency at large, Ultimately Bitcoin will always drive the market trend.

Actually, it’s not all the time the whole market follow bitcoin’s movement but yep almost all time the price of all other coins depend on bitcoin closely. Probably Bitcoin is considered as the prelude of cryptocurrency, also it’s such a fundamental coin that is followed by many people. Plus, most of people in crypto community both believe in btc more than other coins. Generally bitcoin looks like a leader and then the rest of coins base on it.

zacad

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The ratios between coins have their own differences. But Bitcoin is the king of cryptocurrency is accurate, and the price of Bitcoin represents the price of the entire industry. Investors need to constantly observe the price changes of Bitcoin.

Banebdjedet

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There is no single entity that controls Bitcoin, but the Bitcoin community sometimes makes decisions that affect how the system works (blockchain). Bitcoin diggers run bitcoin transactional verification software and therefore determine what are the valid trading rules.
Attempting to change these rules sometimes leads to the creation of a fork, which causes the formation of two separate strings, each of which will follow different rules. As long as there are miners willing to work on each string, both are valid.
In the past, the time before the fork occurred created uncertainty and reduced prices. After that, prices usually rise again.
Like any currency, Bitcoin has ups and downs. Only Bitcoin changes tend to be stronger than other currencies.
Although the Bitcoin market is likely to stabilize, it is expected to remain volatile, at least for now.

arikassuja

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Bitcoin prices will rise again when market conditions are good news and when demand begins to increase the price of bitcoin will rise, but when it is not there then the price of bitcoin will be very difficult to get back up, because this bitcoin has price movements depending on buyers and sellers .

fipper

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Quote from: Jiddyyy on July 26, 2018, 06:49:27 AM

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?

Yes, it is certain, because maybe bitcoin is still a crypto currency that is the guideline for other currencies and the price of bitcoin is still the highest in its development and of course Bitcoin is experiencing an increase in the market.

VivianJacob

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Because bitcoins account for half of the cryptocurrency market, fluctuations in bitcoins also cause changes in the same direction.

BigBos

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Quote from: Keyboard PC on October 29, 2018, 11:01:34 PM

not all cases experience things like this, some time ago the price of bitcoin rose but the price of altcoin fell very deep, but now everything is different because the price of bitcoin has become the center of altcoin price movements.

yes, you're right, not all coins will have a price that goes up when the price of bitcoin has risen, but most of the price will definitely go up, especially if the price increase affects the price of the ETH, most likely you will see a lot of green in each market.

deppil

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Quote from: adolf512 on October 05, 2018, 05:21:35 AM

Quote from: Jiddyyy on July 26, 2018, 06:49:27 AM

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?

True, bitcoin is an indicator of the cryptocurrency market, and the prices of altcoin depend on the price of Bitcoin. Of course, there may also be an exception, and the price of some altcoins may rise regardless of the price of bitcoin, but the general trend follows bitcoin.

I think it's not dependent but bitcoin market have big affects on the entire crypto market because if the price of altcoin depends. the change in altcoin prices always follows the price of bitcoin. but in fact in the market there are many altcoins that experience price increases while bitcoin is not. that's just one example

Keyboard PC

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not all cases experience things like this, some time ago the price of bitcoin rose but the price of altcoin fell very deep, but now everything is different because the price of bitcoin has become the center of altcoin price movements.

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