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Topic: When bitcoin prices rise up the market also will - page 9. (Read 3338 times)

sr. member
Activity: 494
Merit: 250
When we look at the market share of the Bitcoin crypto market, the situation is look clearly. Bitcoin has a market share that affects the entire market. All depend on the bitcoin price.
member
Activity: 279
Merit: 12
I think as soon as possible because now the price is slowly going up again. 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
full member
Activity: 364
Merit: 100
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
sr. member
Activity: 1792
Merit: 255

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?

no one knows when the market will improve, the thing that makes it difficult at this time is the number of scam projects, almost every day we always hear people affected by scams and they complain in various media so that the haters are used to campaign negative about crypto.
full member
Activity: 924
Merit: 100
when the price of bitcoin falls then for other altcoins it will experience a price decrease because it is bitcoin which still controls the price in cryptocurrency and all altcoins must have exchanges in btc
member
Activity: 182
Merit: 10
www.daxico.com
it can indeed be predicted if when the price of bitcoin rises the market will also go up, if the price of bitcoin goes up then all the coins in the trade market will definitely go up, all depends on the bitcoin coin
sr. member
Activity: 972
Merit: 255
Bear season or just the beginning
When bitcoin price skyrocket we all know that altcoin soon will follow. Bitcoin is the major responsible of the behavior of crypto market because we all know that bitcoin is the crypto king and the pioneer of blockchain technology. Bitcoin is the one that government and banks want to control and manipulate so that people will not believe in it. But bitcoin cannot be contain soon people will realize the capability that bitcoin will bring to society and to our financial system. Bitcoin soon will rise up once again Smiley Believe me or else you will regret it later on. hehehe
member
Activity: 714
Merit: 14
Definitely, Bitcoin seems to be the powering fuel of the entire crypto market. Any slight boost in the price of Bitcoin affects all the other coins. This is because most of the coins are paired to Bitcoin. Secondly, Bitcoin has the largest support from crypto investors.
member
Activity: 798
Merit: 10
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?

Its happen because bitcoin still biggest market cap value in cryptocurrency market. Bitcoin still main cryptocurrency in market and most pairs using bitcoin as main pairs. Most altcoin using bitcoin as their benchmark price
sr. member
Activity: 826
Merit: 256
When the bitcoin price rise or fall, the altcoins mostly follow the trend. Bitcoin, as we all know, is the first cryptocurrency to exist and it followed by altcoins later so all crypto exchanges used the top coin as a reserve currency. Being the first one in existence, it is naturally the most recognized coin, with highest market cap, and one of the highest daily volumes. This made it the first choice to become the reserve currency as more and more altcoins entered the market. All altcoins exchange rates are being priced against Bitcoin.
sr. member
Activity: 1624
Merit: 250
I think, bitcoin has a big influence on the market, so if the price of bitcoin rises, there are many other crypto that prices rise too, because many crypto have prices based on the price of bitcoin
One thing is well known to all of us that Bitcoin is the base currency and we know that other crypto coins have same nature as of Bitcoin so this spread the same perception. When the Bitcoin price falls then people think the same about other crypto coins that is why it has affect on other crypto coins as well, when it increases in price other coins also start to increase in value.

Bitcoin's dominance is over 50% in market. It's mean all altcoins are based on Bitcoin. And, surely, the decreasing of the price of Bitcoin causes people to panic and all prices move down. 
newbie
Activity: 129
Merit: 0
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, because I see that bitcoin is the main coin that many investors invest in, and maybe when the price of bitcoin is in decline, the other crypto will have an impact or the impact on the decline too
member
Activity: 162
Merit: 10
Bitcoin is still a major factor in terms of prices. I think it definitely has to be on the rise once again in order to exit the bearish market. Altcoins will follow too in my view.
hero member
Activity: 2576
Merit: 582
Leading Crypto Sports Betting & Casino Platform
I think, bitcoin has a big influence on the market, so if the price of bitcoin rises, there are many other crypto that prices rise too, because many crypto have prices based on the price of bitcoin
One thing is well known to all of us that Bitcoin is the base currency and we know that other crypto coins have same nature as of Bitcoin so this spread the same perception. When the Bitcoin price falls then people think the same about other crypto coins that is why it has affect on other crypto coins as well, when it increases in price other coins also start to increase in value.
full member
Activity: 273
Merit: 100
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?

Well it actually did, since Bitcoin contains a higher price projects will start to move to pay the people who support their projects since if they pay them in an inappropriate time probably they will be the one who would suffer. Market is definitely dependent on how the Bitcoin moves since it is the main medium of transactions here and we shouldn't be new to that, and I hope Bitcoin will be on a better state already.
sr. member
Activity: 700
Merit: 251
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?

The fresh money which enters the market it wires through bitcoin in majority as not many cryptos are directly pegged to usd/usdt that is the reason when market soars it shows more upside in the bitcoin price.
member
Activity: 168
Merit: 12
“The Future of Security Tokens”
I'd say that all coins will just follow BTCs trend, some will do that stronger, so will do that a little bit slower, but surely all coins will grow together with BTC.
sr. member
Activity: 700
Merit: 250
As usual in any exchange we can see Bitcoin as basis cryptocurrency for trading. That's why altcoins so hardly correlated with Bitcoin price. So it Bitcoin moves altcoins also fluctuate and this is natural.
member
Activity: 672
Merit: 12
Because bitcoin is the leader of the market.  Whenever some one talks about crypto currency market he also mentions the name of Bitcoin during his statements . 
Market follows the trends in bitcoin.  So when the market in 2017 was touching heights all the coins were rising.  And when its price fell ; other coins also followed. 
So if the bitcoin will rise high others will also follow and as a result the market will also follow.
legendary
Activity: 2534
Merit: 1338
It is because the altcoins are mainly traded with BTC pairs. This is why the altcoin price movement is proportional to the Bitcoin price.
Since bitcoin is the most dominant currency in this market it makes sense that is the point of reference for every single coin out there, and it is very interesting but this makes bitcoin even more powerful, so whenever bitcoin goes up then the whole market goes up as well but when bitcoin goes down then the whole market goes down as well and being frank I do not see how this could change in the short term.
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