Will Bitcoin continue to have the same effect on alts?

Lubcub62

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Quote from: speedy963 on May 14, 2022, 09:17:09 AM

Quote from: Lubcub62 on May 11, 2022, 09:42:48 AM

because I know that altcoins will always follow bitcoin. so even though I will buy altcoins but I still analyze bitcoin first. like before, I prepared money to buy automatic coins. then I saw the potential for a decline in bitcoin again, so I canceled my intention to buy matic before bitcoin went down. so after bitcoin dropped to $29,000, I immediately went in to buy matic which decreased by 24%/24 hours due to bitcoin's decline which fell to about 8%/24 hours.
and I think a lot of people are doing the same thing.

This proves the power of bitcoin

If you bought on spot and held on to it then sold when btc went up to 31k, then congrats on the profits. Too bad though, not everyone in this industry thinks the same. If that wasn't the case, more people would have studied at least the required basic knowledge to predict potential price destination. Which could've made it easier for most of the investors to buy at the right times and sell on the right times as well.

But yes, the way bitcoin takes all the whole market with it when it goes up or down shows how dominant it is. Although, this may or may not last forever. One thing I am sure of though is that it'll be impossible for me to witness it if it does happen.

well the dominance of bitcoin is still clear and continues to be seen. even i'm not sure if this will end. because considering that people are increasingly trusting bitcoin especially after seeing the disaster that befell Terra Luna (altcoin). trust to invest in bitcoin is increasing. and people are becoming more careful with altcoins. because even the top 10 like terra luna can collapse. so that I myself have become more invested in bitcoin whose strength is clear.

Reatim

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Quote from: jhonjhon on May 14, 2022, 07:35:09 AM

Nobody knows what will happen with the price connection between altcoins and bitcoin in 10-20 years. Although I am not an expert, alts have been known to track the price of Bitcoin at any given time. Whatever bitcoin's price is, altcoins will be impacted and profit from it. However, I believe that in the future, additional currencies will become price independent of Bitcoin.

What would be the real effect on that? altcoin will have their movement and same as Bitcoin , though of course investors are relying in Bitcoin to support altcoins? yet in the future when the currencies are adopted surely they will have their own act , and bitcoin will no longer make any effect as their function will be promoted from all over and in all aspects .

Woodie

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Of course it will ,simply because most of the crypto users are affiliated to what goes around bitcoin, so any impact on btc will influence how they treat their altcoin holdings whether to sell when btc is bearish or buy more alts should bitcoin look bullish. But all in all what king bitcoin does, the altcoins ride the wave...simple as that!

speedy963

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Quote from: Lubcub62 on May 11, 2022, 09:42:48 AM

because I know that altcoins will always follow bitcoin. so even though I will buy altcoins but I still analyze bitcoin first. like before, I prepared money to buy automatic coins. then I saw the potential for a decline in bitcoin again, so I canceled my intention to buy matic before bitcoin went down. so after bitcoin dropped to $29,000, I immediately went in to buy matic which decreased by 24%/24 hours due to bitcoin's decline which fell to about 8%/24 hours.
and I think a lot of people are doing the same thing.

This proves the power of bitcoin

If you bought on spot and held on to it then sold when btc went up to 31k, then congrats on the profits. Too bad though, not everyone in this industry thinks the same. If that wasn't the case, more people would have studied at least the required basic knowledge to predict potential price destination. Which could've made it easier for most of the investors to buy at the right times and sell on the right times as well.

But yes, the way bitcoin takes all the whole market with it when it goes up or down shows how dominant it is. Although, this may or may not last forever. One thing I am sure of though is that it'll be impossible for me to witness it if it does happen.

jhonjhon

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Nobody knows what will happen with the price connection between altcoins and bitcoin in 10-20 years. Although I am not an expert, alts have been known to track the price of Bitcoin at any given time. Whatever bitcoin's price is, altcoins will be impacted and profit from it. However, I believe that in the future, additional currencies will become price independent of Bitcoin.

doomloop

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Quote from: passwordnow on May 12, 2022, 06:24:14 AM

It will remain there, there's no doubt about it. Just like what bitcoin is doing now, it doesn't look good and keeps on dumping so the altcoins market is as well.
The market is showing the supremacy of bitcoin and no one can control that. Even the most successful altcoins cannot skip the bloody bath that the market is having which has started by bitcoin.

It is basically all connected to each other, it is not just bitcoin connected to the market but market is connected to bitcoin as well. Just to give an example, something happened with Luna yesterday, right? It all impacted Luna so much that it dropped 99% so far and I do not see it changing anytime soon, Luna is gone.

But, that impacted bitcoin as well and it impacted all of the market as a whole. Which is a proof that it is not just that bitcoin goes down causing alts to go down, it is also alts like Luna could change the market if they are big enough as well. I hope that we do not see this connection hurting us any further and allows us to profit soon.

Lubcub62

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Quote from: Issa56 on May 13, 2022, 01:33:43 PM

Quote from: Lubcub62 on May 11, 2022, 09:42:48 AM

because I know that altcoins will always follow bitcoin. so even though I will buy altcoins but I still analyze bitcoin first. like before, I prepared money to buy automatic coins. then I saw the potential for a decline in bitcoin again, so I canceled my intention to buy matic before bitcoin went down. so after bitcoin dropped to $29,000, I immediately went in to buy matic which decreased by 24%/24 hours due to bitcoin's decline which fell to about 8%/24 hours.
and I think a lot of people are doing the same thing.

This proves the power of bitcoin

Bitcoin is controlling almost all altcoins for now, so if you want to buy any coin make sure you analyze bitcoin first because if bitcoin dump its going to affect other altcoins and if bitcoin pump other altcoins will also pump, but I believe with time bitcoin won't be controlling the market again, seriously it's might take time but later bitcon pump and dump won't really be having impact on other altcoins.

we don't know what will happen to bitcoin in the future. a possibility is always there whether it is a small possibility or a large possibility. but seeing the movement now I see bitcoin is getting stronger. and for now there are no altcoins that have shown their strength or progress significantly. only ethereum is still strong showing its existence that does not budge hand in hand with bitcoin. like mom and dad.

Issa56

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Quote from: Lubcub62 on May 11, 2022, 09:42:48 AM

because I know that altcoins will always follow bitcoin. so even though I will buy altcoins but I still analyze bitcoin first. like before, I prepared money to buy automatic coins. then I saw the potential for a decline in bitcoin again, so I canceled my intention to buy matic before bitcoin went down. so after bitcoin dropped to $29,000, I immediately went in to buy matic which decreased by 24%/24 hours due to bitcoin's decline which fell to about 8%/24 hours.
and I think a lot of people are doing the same thing.

This proves the power of bitcoin

Bitcoin is controlling almost all altcoins for now, so if you want to buy any coin make sure you analyze bitcoin first because if bitcoin dump its going to affect other altcoins and if bitcoin pump other altcoins will also pump, but I believe with time bitcoin won't be controlling the market again, seriously it's might take time but later bitcon pump and dump won't really be having impact on other altcoins.

nur rochid

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Quote from: |MINER| on May 13, 2022, 01:17:35 AM

Quote from: Iadegbola34 on April 10, 2022, 07:33:23 AM

What do y'all think? Will BTC price movement continue to have the same effect on alts price in like 10 years? 20 years maybe? Let's hear some expert opinions.

In my opinion I think ,yes. Because bitcoin is known as the mother coin and bitcoin is always influence others altcoin. I didn't think that there will be any coin in 10 years who can be beat bitcoin and have the same effect what does btc. BTC price movements is connected to the hearts of Cryptocurrency so it will always effect on the others coin

Bitcoin has a dominant role in the overall development of cryptocurrencies. just like this time where there was a decline in bitcoin, other altcoins also experienced a decline. and until whenever I think it will remain the same, because the name bitcoin is ingrained in cryptocurrency, so everyone makes an analogy for cryptocurrency as bitcoin. and I don't think anyone can stop it even if it's the government

|MINER|

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Quote from: Iadegbola34 on April 10, 2022, 07:33:23 AM

What do y'all think? Will BTC price movement continue to have the same effect on alts price in like 10 years? 20 years maybe? Let's hear some expert opinions.

In my opinion I think ,yes. Because bitcoin is known as the mother coin and bitcoin is always influence others altcoin. I didn't think that there will be any coin in 10 years who can be beat bitcoin and have the same effect what does btc. BTC price movements is connected to the hearts of Cryptocurrency so it will always effect on the others coin

ilovealtcoins

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Quote from: Reatim on May 12, 2022, 04:25:56 AM

Quote from: ilovealtcoins on May 11, 2022, 08:22:41 PM

Quote from: Iadegbola34 on April 10, 2022, 07:33:23 AM

What do y'all think? Will BTC price movement continue to have the same effect on alts price in like 10 years? 20 years maybe? Let's hear some expert opinions.

As long as bitcoin remains at the top of the market, bitcoin will continue to dominate and the movement of bitcoin will affect most altcoins.

But what is being asked is about the same effect of what bitcoin does now and in the future , because the dominance of this coin keeps in handling the number 1 rank in this market.

But things may change in the future when those altcoins goes up against the dominance of bitcoins.

The future is unpredictable but I would love to know which coin you suggest is likely to replace bitcoin dominance in the future. Just like gold, I don't think there will be a metal that can replace gold in the future.

Quote from: Reatim on May 12, 2022, 04:25:56 AM

Quote

Without bitcoin, the cryptocurrency probably wouldn't exist. So no matter how good altcoins are, no matter how advanced the technology is, they can't replace bitcoin. Bitcoin is unique and the creator of the cryptocurrency market.

remember that Bitcoin is not the first cryptocurrency created though Bitcoin made it to the top and brings crypto into this level from 13 years ago.

Let me know what I missed, if bitcoin is not the first cryptocurrency and if it is not the coin that gave birth to the crypto world. What was the first cryptocurrency?

darewaller

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Quote from: Xampeuu on May 11, 2022, 02:22:55 AM

The decline in bitcoin did have a big impact on altcoins, almost all altcoins, especially those at the top, experienced a decline as well. this is proof of bitcoin's might as a leader of the altcoins. Let's just wait for the bitcoin season to arrive until the altcoin season will continue to rise. although it has a greater increase than bitcoin but if there is a decrease, the altcoin will also decrease by a larger percentage as well, By being seen as the safest coin in cryptocurrency, bitcoin is one of the mandatory investments if we want to diversify into altcoins

I would guess that the reason for it wasn't "just" bitcoin. I mean of course when bitcoin drops then all other altcoins drop as well and that makes sense and majority of the reason why this happened. But, at the same time there is a whole situation where people and Tera all got together and selling all they have and buying up Tera as well. If you believe that Tera will be pegged to 1 dollar again and their token will be close to 10 dollars again or even more, then you are going to end up with buying more of it.

I mean they say their ust is pegged to 1 dollar and it was under 30 cents for a while I saw that, which means you could 3x quickly if they recover. Hence why there are so many who are selling their alts and buying UST from tera right now.

lombok

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Quote from: Dr.Osh on May 11, 2022, 12:33:54 AM

Quote from: lombok on May 10, 2022, 07:36:11 PM

Bitcoin will continue to influence the movement of altcoins forever. Because Bitcoin is the spear and has the biggest marketcap. We say that Bitcoin is the mother of all coins and its every movement will always affect the price of altcoins.

the current bitcoin price movement again provides evidence that its price actually affects the price of altcoins. when the price of bitcoin dropped to the $30k to $31k range, almost all the altcoin assets I owned fell in price. in fact, the decline was by a large percentage, even when the altcoin was still in the development stage. however, I am increasingly believing that no crypto will ever be able to replace bitcoin. I firmly believe that almost everyone feels the same way when they see the price of bitcoin go up, or down. it really gives great effect to altcoins.

This effect will continue as long as Bitcoin and altcoins exist. No matter how big an altcoin is, for example, ETH and BNB will fall in price when BTC experiences a decline in price. This will continue at any time because Bitcoin and altcoins are crypto (the same commodity, namely crypto) so they will continue to be related, example: different if Bitcoin is gold and altcoin is oil or other commodities, maybe the price of bitcoin will not affect other altcoins.

Sebas.tian

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Quote

altcoins will continue to influence altcoins so far i have known 5 years of bitcoin and as long as i know bitcoin other altcoins are always following the movement of bitcoin and i believe it will last forever. do you have thoughts like me. .?

Yes, bitcoin will continue to remain the king among other cryptocurrencies, because whenever bitcoin price is decreasing in the market altcoins price will be decreasing in the market too. The price of bitcoin dropped down to $28,000 few days ago that is making other investors worry about altcoins price that is following the same step with bitcoin price to start decreasing in the market. I think nothing will change that influence bitcoin price has because their team are fully ready to make bitcoin to remain the king among other cryptocurrencies forever.

passwordnow

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Quote from: ilovealtcoins on May 11, 2022, 08:22:41 PM

As long as bitcoin remains at the top of the market, bitcoin will continue to dominate and the movement of bitcoin will affect most altcoins.
Without bitcoin, the cryptocurrency probably wouldn't exist. So no matter how good altcoins are, no matter how advanced the technology is, they can't replace bitcoin. Bitcoin is unique and the creator of the cryptocurrency market.

It will remain there, there's no doubt about it. Just like what bitcoin is doing now, it doesn't look good and keeps on dumping so the altcoins market is as well.
The market is showing the supremacy of bitcoin and no one can control that. Even the most successful altcoins cannot skip the bloody bath that the market is having which has started by bitcoin.

Furious 7

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Quote from: Lubcub62 on May 11, 2022, 06:53:49 PM

Quote from: Furious 7 on May 11, 2022, 10:34:34 AM

In this case it is certainly true and indeed sometimes we also have to look in this direction because altcoins are always rotating in bitcoin as a place of circulation but on the other hand it is possible for Alt there are other additions such as looking at some of the projects they will develop as an added power there .
for now regarding the price it doesn't seem like it will be too good if you look at the movements of the last few hours but if we are willing to pay in installments then there is no harm in buying from now

yeah that's right. the best strategy now is installments (DCA). because you see the movement of BTC which is likely to continue to fall in the next few days. because the current support has been broken.

then we can see the decline in altcoins is getting sharper. never buy with all the money in the current situation. because the potential for bitcoin to continue to fall is still visible although some rejection reflections are seen but if the bitcoin accumulation area is penetrated then there is a high possibility that the decline will continue.

Their support was broken a few hours ago and now they have the potential to continue their decline in a more severe direction.
I'm not going to talk about altcoins now because it's like slaughter and blood (red color) is everywhere Cheesy

It's important not to look at the market in the near future because if you keep watching, you will panic more.

Reatim

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Quote from: ilovealtcoins on May 11, 2022, 08:22:41 PM

Quote from: Iadegbola34 on April 10, 2022, 07:33:23 AM

What do y'all think? Will BTC price movement continue to have the same effect on alts price in like 10 years? 20 years maybe? Let's hear some expert opinions.

As long as bitcoin remains at the top of the market, bitcoin will continue to dominate and the movement of bitcoin will affect most altcoins.

But what is being asked is about the same effect of what bitcoin does now and in the future , because the dominance of this coin keeps in handling the number 1 rank in this market.

But things may change in the future when those altcoins goes up against the dominance of bitcoins.

Quote

Without bitcoin, the cryptocurrency probably wouldn't exist. So no matter how good altcoins are, no matter how advanced the technology is, they can't replace bitcoin. Bitcoin is unique and the creator of the cryptocurrency market.

remember that Bitcoin is not the first cryptocurrency created though Bitcoin made it to the top and brings crypto into this level from 13 years ago.

BitSwapNow

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Yea unfortunately the entire market still follows bitcoin. Although bitcoins dominance as a whole has decreased over the years. More so because so many other coins and sidechains have appeared in the market sucking up market cap. Whats interesting is how stocks started to drop an dump first and crypto seemed to follow. Id love to see some real good analysts views on that. And even some charts showing similarities of say the Dow or S&P 500 compared to BTC.

This then goes into inflation here in the states, the war in Ukraine, Supply chain shortages and others related to covid. Gas and diesel prices rising again and so high. Housing market is over inflated as well. Its a recipe for disaster. An usually when all goes down the Alts get hit the hardest unfortunately. What always boggled me was coins like XRP or even ethereum and how they still follow BTC yet are completely different and on their own chains. Usually back in the early days BTC would rise alts would sink and then BTC would dump and people would flood BTC money and gains into the alts. Now it just seems to all follow suit of BTC. Just my 2 cents! Hope you enjoyed.

ilovealtcoins

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Quote from: Iadegbola34 on April 10, 2022, 07:33:23 AM

What do y'all think? Will BTC price movement continue to have the same effect on alts price in like 10 years? 20 years maybe? Let's hear some expert opinions.

As long as bitcoin remains at the top of the market, bitcoin will continue to dominate and the movement of bitcoin will affect most altcoins.
Without bitcoin, the cryptocurrency probably wouldn't exist. So no matter how good altcoins are, no matter how advanced the technology is, they can't replace bitcoin. Bitcoin is unique and the creator of the cryptocurrency market.

Lubcub62

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Quote from: Furious 7 on May 11, 2022, 10:34:34 AM

Quote from: Lubcub62 on May 11, 2022, 09:42:48 AM

because I know that altcoins will always follow bitcoin. so even though I will buy altcoins but I still analyze bitcoin first. like before, I prepared money to buy automatic coins. then I saw the potential for a decline in bitcoin again, so I canceled my intention to buy matic before bitcoin went down. so after bitcoin dropped to $29,000, I immediately went in to buy matic which decreased by 24%/24 hours due to bitcoin's decline which fell to about 8%/24 hours.
and I think a lot of people are doing the same thing.

This proves the power of bitcoin

In this case it is certainly true and indeed sometimes we also have to look in this direction because altcoins are always rotating in bitcoin as a place of circulation but on the other hand it is possible for Alt there are other additions such as looking at some of the projects they will develop as an added power there .
for now regarding the price it doesn't seem like it will be too good if you look at the movements of the last few hours but if we are willing to pay in installments then there is no harm in buying from now

yeah that's right. the best strategy now is installments (DCA). because you see the movement of BTC which is likely to continue to fall in the next few days. because the current support has been broken.

then we can see the decline in altcoins is getting sharper. never buy with all the money in the current situation. because the potential for bitcoin to continue to fall is still visible although some rejection reflections are seen but if the bitcoin accumulation area is penetrated then there is a high possibility that the decline will continue.

Topic: Will Bitcoin continue to have the same effect on alts? (Read 1074 times)