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Topic: When bitcoin prices rise up the market also will - page 5. (Read 3379 times)

full member
Activity: 742
Merit: 160
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?
Bitcoin was the very first cryptocurrency that made the world surprised and amazed. All the achievements of the new or those next to bitcoin crypto was supported by bitcoin in many ways. Bitcoin became exclusive to the world which led for other people to know about other crypto as well sobwe should not be surprised anymore whenever crypto grows as bitcoin does first.
jr. member
Activity: 303
Merit: 2
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 its a yes when the bitcoin rises the market also rise because bitcoin is the number 1 crypto so that if the bitcoin arise the market also will arise. And also I think the big whales are manipulating the market so that may rise when the bitcoin arise.
full member
Activity: 688
Merit: 106
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 if the price of bitcoin will rise up probably the market will also increase because they are connected to each other. We all know that the price of other coins are pair with bitcoin so that it is the reason why they are connected to each other.
full member
Activity: 437
Merit: 100
When Bitcoin increases the market will also increase positively. Bitcoin is a positive influence in the crypto world. Because Bitcoin is the king of the cryptocurrency world, it is the standard that all other currencies are measured.
legendary
Activity: 1050
Merit: 1001
All the altcoins in the market are related to bitcoin, they are bitcoin's children. Children do what their father do. So when bitcoin prices rise up, the market also will.
full member
Activity: 560
Merit: 100
That's right market now are using bitcoin as a main pay tool to buy, so definitely if bitcoin prices goes down other currency will down also if you wan't to take advantage to buy cheaper alternative coins just observe the bitcoin price it will give you profit when the time comes to rise.
member
Activity: 672
Merit: 14
Bitcoin is the king of the crypto market. Any fall in its price apparently affects the entire crypto market. This is due to the numerous coins paired to Bitcoin on the exchange sites. Also, Bitcoin hold about 80% of the entire crypto investors. Panic selling of Bitcoin leads to these investors withdrawing their money from crypto, which affect the whole market.
sr. member
Activity: 798
Merit: 250
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I think the price of bitcoin does have a big influence on the market but not all coins have a price that depends on bitcoin and there are some coins that when the price of bitcoin falls, the coin will actually rise
it is not fully true if bitcoin price down , altcoin would down too.its only about market confidence and psychology.people are sacred if bitcoin price down, so they sell their altcoin stocks.
full member
Activity: 504
Merit: 100
I think the price of bitcoin does have a big influence on the market but not all coins have a price that depends on bitcoin and there are some coins that when the price of bitcoin falls, the coin will actually rise
newbie
Activity: 28
Merit: 0
because when bitcoin price increases, the market will also increase because almost of altcoins have a bitcoin exchange. that is what I think.
hero member
Activity: 998
Merit: 504
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 whenever Bitcoin is rising the market usually follow it up, but not every coin in the market, it’s mainly Ethereum, XRP, BCH and all other top coins. Why it is not all of them that follows up is because people usually run out from altcoins when Bitcoin is rising so that they can invest in BTC and make profit through the bubble. So this will make most altcoins to keep on dropping. Only altcoins that survive it are the top ones. Altcoins are best to go for when the market is stable.
sr. member
Activity: 672
Merit: 250
chances are yes because from yesterday when the price of bitcoin rose the market also went up so did the opposite, bitcoin was a huge influence on the market
jr. member
Activity: 45
Merit: 4
I don't think there's any relation between bitcoin price and the market. I think its due to nature and its mostly happen with alt coins to. Whenever the price of bitcoin increase its effect on alt too
sr. member
Activity: 672
Merit: 253
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The increase in bitcoin prices will trigger an increase in the price of other coins because bitcoin is the crypto currency with the highest value among other coins. so this will cause more and more investors to invest and do not rule out the possibility of investing with various other types of coins.
newbie
Activity: 12
Merit: 1
Both seem like brothers and sister. I also observe the same thing. When the bitcon goes down market also fall so both can be effected if one of them goes down or increase. Both are deepened on each other
member
Activity: 280
Merit: 11
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 is not true when bitcoin raise in $ alternative coins have two scenarios (decrease in bitcoin , bumped in $ ) .
So better to stick with the king only (bitcoin) only for awhile regardless to altcoins theory and technologies .



  Its not always like that in the market, Bitcoin price Value may goes up and  some ALT coin price value goes down. Market is very Volatile, it is unpredictable, anything can happen in the market.No one knows what to become of each Coin in the market. The volume of investment put in by the investors are the determining factors on the specific Crypto or ALT coin in the market.
full member
Activity: 1484
Merit: 136
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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 guess it really is. The two has the relationship. If we use statistics with this, as per the past few years we can say that the bitcoin and the other coins or the altcoins are directly proportional to each other. With indicates the scenario above. It is because bit oin is considered as the king of the center and if it rises the others will.
member
Activity: 434
Merit: 10
This is indeed the case in the market. In the future, there may be coins that can be separated from Bitcoin. Bitcoin creates the entire cryptocurrency, which is the gold in the cryptocurrency. Only if its price rises, other coins will rise. At least for now.
member
Activity: 336
Merit: 10
it looks like bitcoin prices can rise again and the market can recover prices when cryptocurrency conditions have good news that can trigger investors to buy bitcoin.
member
Activity: 854
Merit: 10
You have to closely watch the market whenever the price of Bitcoin is increasing automatically the price of altcoin is kept increasing. Now at the current situation Bitcoin is the major currency where all altcoin prices will depend.
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