Bitcoin can be said of the king of coins, therefore all coins focused on Bitcoin, automatically go up the price of other coin,
We can see from the years gone by that soaring prices of other coin bitcoins also rose, hopefully for the coming price of Bitcoin could rise like the previous year.
Topic: When bitcoin prices rise up the market also will - page 3. (Read 3338 times)
Most coins are paired with Bitcoin on the exchange, hence Bitcoin is set as a standard of measurement of value for most coins, therefore in the event of the fall of Bitcoin, the coins fall in price as well until the sellers and buyers correct their orders.
when the price of bitcoin goes up, the market will also rise and almost all coins will also have a high price because many coins have prices based on bitcoin prices so that bitcoin will be very influential on the market
Honestly, bitcoin price almost affects to many other cryptocurrencies. It’s simple to know why other coins price are mostly relying to bitcoin. Because as we all know that bitcoin is renowed in terms of digital currency, which is the first coin created in our world. Although it’s the oldest coin, always it keeps the highest role in the whole market. What’s more, you know people in most parts of the world is using bitcoin to pay for commodities, services and the like gradually, it’s a fundamental unit in digital transaction. Thus most people draw their attention to it and it’s considered as the most important coin in crypto world.
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?
Indeed, this was happened many years ago. But I wondered sometimes that there are other crypto's are still getting higher while bitcoin price still rising. Though, majority of the altcoins are getting dumped while bitcoin increased. But those things happened whether it is downfall market or bull run seasons as far as I know.
Yes, bitcoin is the leading cryptocurrency as the growth of other cryptocurrency in the market are tied to it. It help to restore hope of investors in other cryptocurrencies and stabilizes the market trend.
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 means bitcoin is the parent of digital currency, therefore bitcoin will affect others, so we must always pray that the price of bitcoin remains as stable as it is going down, hopefully it will rise again, because everyone hopes bitcoin is stable.
Yes ofcourse because it's all depends on bitcoin price with the movement of bitcoin the crypto market is also guide of it. Let's hope than the crypto marketcap will breakthough to $1trillion USD and bitcoin will start bullish run in order to reach that.
I think the market price of life depends on rising bitcoin prices, because bitcoin is one of the most sophisticated and most popular altcoins, so I think the price of altcoin also depends on the price of bitcoin.
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?
All of the altcoins is based on ethereum and eth is tether to bitcoins, that is the reason why the entire market is being affected every time the price of bitcoins dropping.
Bitcoin is number one among all ALT coin posted in the market, it is very popular and it attract a lot of investors in the market, base on the market stability, market structure, fundamentals, among other is the high level of confidence by the investors compared to other coin posted. Yet, it is not automatically take all the ALT coins price during the heavy volume of investment resulting to the increase on price value of Bitcoin. some are even drops their market value. Market is Volatile and this apply to everybody.
bitcoin is like a dollar if there is a change then all will be affected. being the main currency in cryptocurrency and bitcoin is the first cryptocurrency. so it's not surprising that bitcoin's fluctuations affect the market. if bitcoin rises then the market will be green and if bitcoin dumps the market will also be red.
and I never thought bitcoin would be discarded bitcoin would still be there for several years I didn't know how long. but I'm sure bitcoin can last a long time.
You are absolutely right. Just as dollar fluctuates, all other currencies affected. It is because only dollar is international currency. You can buy and sell dollars in any part of the world, while no other currency is acceptable all over the world. Bitcoin is also the leading crypto in the world and when its price ups and downs, all Altcoin is affected. That’s why people like bitcoin the most. and I never thought bitcoin would be discarded bitcoin would still be there for several years I didn't know how long. but I'm sure bitcoin can last a long time.
currently many other coins that have prices based on the price of bitcoin are reasonable if the price of bitcoin goes up so the market will rise too, so it looks like bitcoin has become the basis of the market price
of course all prices are influenced by the king, bitcoin. bitcoin is the main coin in the cryptocurrency world so if bitcoin goes down everything can go down and vice versa.
currently many other coins that have prices based on the price of bitcoin are reasonable if the price of bitcoin goes up so the market will rise too, so it looks like bitcoin has become the basis of the market price
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?
Lately when I am very much involve in crypto especially in alts and I am now starting to trade, I observe that alt price is depending to bitcoin price because when bitcoin has a high, alt price is also high. Bitcoin is number, something like a leader so whatever bitcoin price is , so the market. "Follow the leader".
Yea this is true but I do not agree 100%. If the movement of BTC will be very fast I think the dominance of the BTC can reach 80-85% like the beginning of this year. Even the market gain some value against USD it will lose some value against BTC.
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 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. When Bitcoin rises all the market will be better when he recovers, but all the other altcoins are going down when he's going up. I think the price of Bitcoin will rise in the next 3 years and it will be higher than ever before, higher than 40 000.
Market rises with the price of bitcoin because bitcoin is the pioneer and the leading crypto in the world. All other currencies will take long time to grow up and give huge profits to its investors. Bitcoin is one that can give you huge profits in short time. As bitcoin is the leading crypto in the market therefore with the rise of bitcoin the whole market go up.
yes based on what I see, it's true, that when the price of Bitcoin rises, the market follows. but there are also many coins that I think are very independent (not influenced by the price of Bitcoin) including NEO, ETHEREUM, USDT, and MAKER.
Yes, Bitcoin can affect the entire cryptocurrency, and Bitcoin is the best coin he has created in cryptocurrency. Bitcoin drops all coins and will drop.
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?
I think so. As the data of recent months, as the price of bitcoin increases, the volume of altcoins also increases. Because bitcoin is the trend of the market.Jump to: