Topic: Why Altcoin prices often follow Bitcoin price - page 8. (Read 2325 times)
It is the trading pairs. Go on any exchange and you will see that all of the coins that are there have trading pairs with bitcoin. When the price of bitcoin is going down, it usually means that people are not buying bitcoin and if people are not buying bitcoins then they are not trading in these coins with bitcoin. The price of all of the altcoins in the market are dependent on the price of bitcoin
Most people think that bitcoin is the only cryptocurrency in the world, so maybe because of that every other alt must follow it
I believe, that this happens because bitcoin is somelike a flagman of a cryptoworld, like whole world smartphones are following apple
Do they really? I often encounter this statement. And i have no idea as to why. This past few days, bitcoin is on the rise and most certainly than not altcoin's price surely follows. I am not saying this is bad but altcoins have very little in common with bitcoin. And they are certainly not carbon copies of bitcoin either. Why the heck is their price so closely connected despite being so fundamentally different?
It is because atcoins are totally dependent in bitcoin even Ethereum. The price of altcoin are usually base on Bitcoin's price and not in fiat currency. That is why when Bitcoin rise and fall, altcoins will always be affected. 
All just Bitcoin is the legislator of cryptocurrency fashion)) that is why the price of altcoins is completely dependent on the price of the main coin.
I think we just need to look at the flow of funds into the market will understand that when a sum of money other than cryptocurrencies enters the cryptocurrency, the usual practice is to buy Bitcoin or Ethereum as soon as possible, and then Buy bitcoins or Ethereum to buy altcoins again, so once bitcoin prices fall or rise, altcoins must follow.
You may not pay attention to observing the influence of the outside world on the cryptocurrency market. The first is the accusation of many news on tokens! The second is that the exchanges are attacked. These problems attack the entire token market!
Do they really? I often encounter this statement. And i have no idea as to why. This past few days, bitcoin is on the rise and most certainly than not altcoin's price surely follows. I am not saying this is bad but altcoins have very little in common with bitcoin. And they are certainly not carbon copies of bitcoin either. Why the heck is their price so closely connected despite being so fundamentally different?
Yes they do. If you'll analyze the graphs of altcoins and of Bitcoin, you can see major similarities. Even though they are not accurately parallel, the pattern is there. The reason for this is that the altcoins are priced based from Bitcoin and not from fiat. With the direct connection of altcoins to Bitcoin, whatever the trend of Bitcoin, altcoins follows.
I think both are connected in a trade that creates a high demand. some users want to make a profit by selling alt and buy bitcoin, some other users sell bitcoin and buy alt. please correct me if my opinion is wrong.
I also agree with you. Bitcoin is the coin first appeared on the cryptocurrency market. The price of bitcoin is always the highest in the market. But today, the need for human development is increasing and the altcoin born to meet that. Bitcoin and altcoin interact with each other. As bitcoin increases or decreases, other co-altcos will also affect bticoin. Because bitcoin is the strongest coin on the market for cryptocurrency. Do they really? I often encounter this statement. And i have no idea as to why. This past few days, bitcoin is on the rise and most certainly than not altcoin's price surely follows. I am not saying this is bad but altcoins have very little in common with bitcoin. And they are certainly not carbon copies of bitcoin either. Why the heck is their price so closely connected despite being so fundamentally different?
Because this whole thing is not stocks. When bitcoin have it own bull run more people tend to buy altcoins as they feel confidence in the market and because they are looking to get profit they are going into altcoins as with altcoins you can double your money faster than with bitcoin. When bitcoin is moving down there is less confidence in the market and everybody wants to preserve their value they have gained and thus they tend to switch to big cryptos such as Bitcoin, Ethereum or even fiat currencies or USDT - tether to try to save their value from going down.
So at the end as bitcoin is the biggest out there it provides the confidence in the market.
altcoin there after bitcoin began to grow. they follow a bitcoin because bitcoin was the first or King in crypto. even though it is actually not very fair because altcoin also has the potential to be more than it is these circumstances, however, bitcoin that currently exists. Maybe in the next few years, this system will change and it will appear altcoin that can thrive even though there is no role of the bitcoin.
Maybe because bitcoins price becomes the standard value of all altcoins and they somehow depend on that. Given also the fact that bitcoin is the pioneer and oldest coin or cryptocurrency existing on cryptoworld. As long as you will get profit, its good.
Or is Bitcoin following the price of altcoins? Ethereum dropped so heavily because authorities want ico regulations. I think. So maybe altcoins (and bitcoin) follow Ethereum. If Ethereum drops, people buy it because the price is better. And what do they buy it with? With the selling of other coins. This is how the whole market dips when Ethereum makes huge drops.
Do they really? I often encounter this statement. And i have no idea as to why. This past few days, bitcoin is on the rise and most certainly than not altcoin's price surely follows. I am not saying this is bad but altcoins have very little in common with bitcoin. And they are certainly not carbon copies of bitcoin either. Why the heck is their price so closely connected despite being so fundamentally different?
They do. I have answered a similar topic regarding this one and justified the answer using this example:
" Let us take ETH for instance. If you want to buy/sell ETH in BTC Market (ETH/BTC), the price is in terms of BTC (i.e. 1 ETH = 0.1 BTC). So if the value of 0.1 BTC now is $700 then 1 ETH = $700, after a day the value of 0.1 BTC went down to $600 then the value of 1 ETH would be $600 as well (saying that the conversion factor of 1 ETH = 0.1 BTC does not change). "
We often experience this when the price is dropping than when the price is increasing. This may be because there are more transactions when the price is increasing, thus, there's much volatility. On the other hand, when the price is decreasing, there are less transactions and the price of altcoins solely depends on Bitcoin's.
All money coming out of the crypto money world is BTC based. The creator of the money world, Bitco. It has been a long time to establish a connection to the pazara and to gain value.
Some alternate coins follow Bitcoin because it has become a basis of prices for almost every other alternate coins and Bitcoin is one of the fastest way to convert it into real money and because of this reason, it follows the price of Bitcoin to set their own standards.
May be it is because all alts are trading against bitcoin and orders are agaist bitcoin, so when bitcoin price to dollar changes, altcoin price to dollar also changes. 
Bitcoin can never be compared to Alts because it is the mother coin, the pioneer coin well known globally by both users and non users, including investors/traders knowledgeable about it or not. I feel the dump of Bitcoin at its bearish period are in most cases lead to the boom of some Alts at an advantage then, where the price shall increase, while on the other hand, the boom of Bitcoin at probably the bullish period leads to the fall in value of some Alts or high following suit the trend of the Bitcoin hike.
Sometimes I almost always witness it. Whenever Bitcoin is moving, almost all the altcoins become one place. I think the incomprehensible side is bitcoin, but altcoins are falling, and if they are not, they are falling. In the end we are always losing 
Because Bitcoin is the king of cryptocurrency world and I think almost altcoin on the crypto market also have pairing ALT/BTC and ALT/ETH if they listed on exchange . Only few good altcoin can have pairing ALT/USDT. I think it's the only reason why altcoin price often affected by by Bitcoin and Ethereum price
. Only few good altcoin can have pairing ALT/USDT. I think it's the only reason why altcoin price often affected by by Bitcoin and Ethereum price Jump to: