Bitcoin Forum

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

What you explain usually happen to altcoins in most cases but the reaction yesterday was a different one entirely. What I saw was a situation where bitcoin appreciate instead of altcoin to increase as usual but the rivers was the case, which indicate that anything can happen in the market at any time.

Bitcoin is the basis of the price of altcoins. And the speed of transition of price BTC affects altcoin marketprice. BTc pump instantly saw the market will not react quick but wait until weeks for the price of altcoin corrected.

While altcoins have different markets than bitcoin both are directly connected to each other, you'll see people are selling alts to buy btc before the next fork , that's a good sign to check the sinergy with each other,

Nice observation, yup when BTC is in the acceleration phase or Bitcoin rally. Altcoin prices are falling down.
But I noticed one thing. ETH price in USD is also souring high during the BTC rally.
So instead of keeping BTC during the Bitcoin rally. I buy it with ETH as it gives me higher profit in USD.

Because altcoins needs bitcoin. If the price of btc down consider your altcoins dump too because in the transactions if you want to convert alts into money you need to convert first in bitcoin even how increase the price of your altcoins but when btc dump expect you altcoins too are in dump price. Amost all coins needs btc to be converted into cash. So, in that situation always consider that alts need btc that's why.

because most if not all altcoin are traded with btc pair, and most invested in altcoin using bitcoin as their base currency.
so yeah, it is somehow related in price movement when there are big news.

Sometimes all coins (or most of the major ones) rise at once. I think it can depend on several factors. If there is some negative news about cryptocurrencies in general, they could all drop, and the opposite for general good news. If Bitcoin and altcoins are moving in the opposite direction, then it's possible that traders are trading one coin for the other based on news or financials or decisions based on charting and target pricing.

yes of course bitcoin affects altcoin price, if bitcoin is expensive then altcoin price will go down and become cheap, but if bitcoin price drops then altcoin price becomes expensive again, this I have monitored for 2 years, if you can take advantage of this cycle then you will get profit.

That's just how the way it is dude. When altcoin is bleeding, bitcoin is gaining for the simple fact that they are selling their altcoin and moving to bitcoin because of the anticipated fork on Oct. 25. Because when the HF happens, you will received free coins. So the more bitcoin you have in your wallet, the more free coins you will received. But once everyone dump the free coins, I'm sure that altcoin traders will go back to altcoin ecosystem and things will be normalized again. You can either go buy altcoins because its slumping or put your money on bitcoin. Its up to you.

I think it's the other way around. At first sight on coinmarketcap i think bitcoin's price rally is correlated to alt coins rally but i am wrong . When bitcoin is rising or falling. Altcoins are suffering from it but it just a normal event, people trade their coins in exchange for bitcoins because the price is rallying. Then if the price is falling altcoin traders will also sell their altcoins to buy bitcoins. But overall, it's still the traders and the holders of altcoins that are responsible on the changes of price in altcoins.

Yeah i believe when BTC stops moving sideways and shows a price action of anything out of the norm, alts dip.
It doesnt matter which direction BTC is moving, up or down, alts would not do well, later on.
Its just FUD for people because they would not know which way bitcoin is moving and whether or not that should cash out or not

It was asked before. This is why the altcoins fall alongside bitcoins as the sale of their holders to buy bitcoins. So the volume of altcoins decreases and increases with bitcoins. Maybe this is the reason for the approaching hardfork where the Bitcoin holders will receive the BTG of 1: 1 basis.

I agree. When bitcoin price rallies, people are moved by greed and sell their alts for btc. When it drops, panic drives the alt coins selling. I still have to find an altcoin which is negatively correlated with bitcoin price. At the beginning of the year, I remember Ethereum behave like this, but I think that at this time it was due to the ETH vs BTC competition.

Whatever you stated is completely true because they have got the inverse relation between them. The relation of alts with dollar is however not so close because they don't really rely on that one. The alts will be falling because it's obvious that people are selling them and putting the sold money into bitcoin, and that's why you can see the rise in bitcoin in the current timeline. So for a investor this relation should be well known as he will know the perfect time for bitcoin investment and altcoin investment.

I don't think that Bitcoin Gold is a major factor. Look at Bitcoin Cash. Right now, it is trading at around BTC0.06 per coin. This means that the holders of Bitcoin received an additional 6% bonus on August. But I don't think that Bitcoin Gold will be a success like Bitcoin Cash. BCH had a lot of heavy weights such as Roger Ver supporting it. Bitcoin Gold is lacking such support.

The reason would be quite complicated because both the scenarios oppose each other. Well what i understand and observed from the market is when Bitcoin's price is growing high then the altcoins would get a dip because at that time mostly people invest in BTC by cashing out from the altcoins market. And even when Bitcoin's price falls altcoins suffers too, it is just because all the altcoins are based over Bitcoin which is a face of cryptocurrencies and whole market depends on it.

I agree on this. This might be the best answer about that. Bitcoin is the face and the pioneer and will always be the master driver for all of the alternative coins and of the whole cryptocurrency in terms of the Market Flow and The Price rally of cryptocurrencies. as of now WAVES has a low BTC price , i cannot even sell mine, maybe it is because of what you said. WAVES traders might already sold their WAVES for bitcoins.

That is a good observation and even I noticed it especially after a fork.. Maybe because altcoin has no huge support than bitcoin,, and for it needs to increase its price their must be a continuous pump from groups but that must be simultaneously even a single different timing makes a difference.. Im more on a bitcoin users than the other way around,, that is why I don’t support this force holding by some altcoin..

I believe the traders dump their altcoins to hold Bitcoins so that they can ride the its rally. It is not about price sustainability, it is just dumping one coin for the better coin.


The same reason above. When Bitcoins start to dip, the see it as an opportunity to trade their coins to a better coin.

What I see is when the price of bitcoin increase almost all altcoin price dropped but when the bitcoin price going down, all altcoin is going up. So it means almost all altcoins is depend on the price of bitcoin. If you look at Ethereum price, after the bitcoin price reach $4,700, ethereum price dropped to 0.06 per ethereum.

If the BTC is sure the altcoin will decrease, this will happen very unexpectedly and we will have a lot of choices at the moment, one is selling all to wait for Bitcoin prices to rise, 2 is to keep altcoin and decide do not sell though the price goes down

I think what I mean to say is. when btc is really bullish; almost everyone is trying to get their funds to btc. and if it crashes everyone is trying to get on the dollar. and in both cases alts suffer, only when the market stabilizes where the atls do their own thing...

Almost all altcoins depend on Bitconi and this happens a lot in a month. I think the Bitcoin market is very important because only the Bitcoin price increases and all altcoin will drop, and very rarely Bitcoin prices increase and altcoin increase

well, when bitcoin drops, the price of altcoin drop and when bitcoin increase, the prices of altcoins also drop. Everytime a huge impact happens to bitcoin, altcoins are affected, too. And therefore, we can say that bitcoin does affect altcoins in many ways. People tend to follow the act of bitcoin so that they will decide which they need to do with their altcoins, to sell or to hold.

Nice observation, altcoins follow Bitcoin trend and whenever btc is bullish altcoins respect. But recently the reverse it's the case, altcoins hardly respect Bitcoin these days and goes bearish on its own. The game is changing and we will see different trend by next year.

If BTC rise there's a high chance of alts going low because alt holders will sell it then buy btc, so alt will go down.

Most of the altcoin do really follows on how bitcoin price changes, everytime bitcoin's price is on dump then so is most of the altcoins but it doesn't always work that way since it depends on what event happened for it to dump that way. And most of the time when bitcoin's price go up but altcoin's price go down since they depends on its USD price.

Waiting patiently to see how the hard fork plays out. Alts could get rekt as there all priced in BTC 1x.

Really at this point the safest option in my opinion is to hold some BTC and some strong well established alts to balance your portfolio out and lower risk before things settle and we know the outcome of the fork.

That's right but if an ALT crash would have had another option and would probably go to the FIAT exchange,maintaining $ is not something that is difficult for BTC.Not panic but rather for the already profitable results to sell,just my opinion ;).

Panic selling BTC? Its not happening as of now we do see the price is almost hitting up again on 5k price.It is just really normal to see alts would go red when bitcoin is on rally because for sure those altcoin holders would really sell up their stashes to accumulate bitcoin as much as they can specially on the even of upcoming fork.It is really possible assumptions but not all alts are really affected on this.

AltCoins fully depend Bitcoin to survive. Actually, without Bitcoin all AltCoins would die on the currently scenario. What inspires confidence to make people invest on Crypto-Currency world is Bitcoin, if this currency fail, investors will have much fear to continue on this speculation market. Panic selling can be intentional or can be a consequence of fear from the investors side.

Interesting to know that someone is actually taking the benefits of using this cycle of profit loss to gain the extra profits. Because I really thought I was the only one who is applying this strategy. Good one and it's most easiest way to earn profits rather than investing into ICO sales and normal exchanger and stuff like that. Sometimes I have found that prices are even lower than presale because of bitcoin going up which means good opportunity to buy alts that had great ICO launch and release into exchanger afterwards. We can make this as complex as we could and as simple as we can!

Altcoins because the price is based on bitcoins. So when bitcoins will increase the price of altcoins. When the bitcoins fall as well as other coins. So that's what you always remember. Because you can use it in the future.
And you always go through it because you can also earn it this way.

Not really that case now,
people sell altcoin to receive forking.
it is free money.

I would buy back altcoin after forking,
it is super cheap. RICH

I think you have a really valid view but when everyone is selling it's time to buy.

I have shifted my view pretty drastically over the last few months and get high off of chasing red.

<--- Professional knife catcher

Bitcoin is only high valuable currency, any other altcoins are not equal to bitcoin. Because bitcoin is high demand in the market. The altcoins are trying to increase the value of currency. The Ethereum is the second highest value currency, it should also raise up continuously. But bitcoin is affecting the Ethereum value. No one reaches the bitcoin, this the best cryptocurrency.

I just observe that altcoins are for speculation purposes and what people really want is bitcoin. They just purchase altcoins so that when its value increase, they would sell it to have more bitcoin. When bitcoin's value rise, people would like to ride the wave so there is a tendency they would sell their altcoins to buy more bitcoin and after having some profit, they would shift again to alts. When bitcoin is going down in value, some people would sell their alts and shift to USD or USDT to buy bitcoin when its cheaper.

Thee effect is very important because everything matters what you do in this life. I think wether its a negative or posetive effect after all there is an outcome

Most of the people here have already seen and witnessd different price changes in the past few years since the bitcoin has started, and it has been common that when the bitcoin's price got changes, soon the alternate coins will follow. I have read and heard before how people tend to take advantage when the bitcoin price rises, its their time to buy alternate coins because they believe it will soon follow, unlike todays changes that it is kinda hard to predict when and what, this and that.

This is not true. Although you have a bit of a point. Let me clarify.

Usually, when Bitcoin rises the most popular other cryptos also rise, as they tend to follow Bitcoin. However, the lower-end or lesser known cryptos do not follow the same pattern simply because they are not trustworthy or stable enough to risk investing in when Bitcoin or the others are simply safer options. Hope this makes sense to you.

almost altcoin is down when bitcoin is rises and only some of the altcoin will follow bitcoin rises and the other altcoin will be down. maybe its for altcoin which have strong position in the market that will increase like btc.

but yes when btc crash, people become panic and selling their bitcoin because they don't want to see their investment in btc is loss. if they can think that when btc is crash, actually its their time to buy bitcoin again but most of people not doing this and only people which realize with this will buy bitcoin again.

They're all connected to btc. Remember before the aug1 segwit, when btc price plummeted, alt did the same. That's why a lot of people including myself ceases trading momentarily for that time. So if you're looking to trade on alts, you pretty much would have an idea just by looking at btc movement

If bitcoin price crash, yes, most altcoins will go down as well due to bitcoin has the biggest effect to crypto world.
But, if bitcoin on rally, usually altcoins such as ethereum, dash, byteball, bitconnect will follow to rise.
In this case, there's a time investors feels it's a good time to invest, and fear if bitcoin price decline and decide to sell off altcoins.
That's why there's no altcoins could compare or compete with bitcoin, if bitcoin fail, altcoins will worthless as well.

What you are telling is the theory for 80% traders who are buying other coins like ETH, DASH etc when their is correction in BTC and as soon as it gets settled they sell the altcoin and convert it to BTC.

Altcoins are totally depending on bitcoin and most of coins are measure according to the bitcoin standard also, as bitcoin price increases altcoin goes down and people starts buying them and this gives pump to their prices and a lot them are praying that bitcoin will stay up so that they can buy their respective altcoin bitcoin is ruler of crypto ad will remain.

The increase in bitcoin prices is affecting the altcoins prices negatively. Because many people are selling altcoins and trying to get Bitcoin. October 25 is a very important date for split. If the split is positive, altcoins prices may fall too much.

It is usually not like that. The trend has always been for all altcoins to go down as bitcoin goes down, and increase as bitcoin increases. Still, with the recent dump of altcoin for bitcoin due to the upcoming forks, the reverse has been the case and now we are seeing altcoins dropping rapidly while bitcoin keeps increasing.

Moreover, with any huge impact on bitcoin, the altcoins are always terribly affected. It is just always a sign of respect for the king. ;D

Most Altcoins are dependent on bitcoin, but bitcoin is not dependent on Altcoin. Once bitcoin decrease, altcoin would possibly do the same, but once bitcoin pump it is not really the reason why altcoin pump. There were case that the demand gor bitcoin is really high and altcoin was mostly low. It usually happens when a hard fork is to happen, personally because of my expectation that bitcoin would rise, I let go of all my altcoins and convert it to BTC. Last August 1 hard fork, The BTC holders that time recieved BCC based on their btc account. And this was also the expectation incoming hard fork that is why holders are storing as much as they could even letting go of the altcoins.

You have some point of what you say, but it is not only when there is a hard fork (as this has happened only in the last few months and this pattern is happening each time there is a hipe in BTC).
The idea is that when BTC grows everyone wants to hold BTC and that is why alts keep the same price in USD or drop, as they convert them into BTC and USD to buy BTC...
Usually after the hipe is over and the price starts to settle, the price of alts are skyrocketing...
So now are there is a new ATH the price will hipe some more, so I do not expect alts catching up anytime soon ;)

Nothing people can do if must be sell it right now because the price is keep up. The effect of Bitcoins value make some altcoins massively down. The best way is selling the altcoins they have to save their money.

I noticed the effect of bitcoin on altcoin is very confusing.
sometimes when the price of BTC rises altcoin down and when the BTC price goes down the altcoin price goes up. or vice versa.
which is definitely the price of Bitcoin greatly affect the price Altcoin although I do not know what the reason. :D

Before when bitcoin goes up, altcoin is down. Recently before this rally, when bitcoin was down, altcoin was down also. Not again when bitcoin is up most altcoin is down which the price of bitcoin whether its up or down is not really correlated or does not have a pattern.

It's hard to accept this, but you're right, whenever bitcoin increases or decreases, the altcoins is at risk.  These still have many altcoin can keep the original value or small risk.

Lots of people think it's an important date - but it looks like bitcoingold is a scammy premine ponzi and that most exchanges won't be listing it.

I think people are confused between bitcoingold and the segwit2x thing (which is important).

It's a double edged sword, you would think lot's of alts are down, maybe it's time to buy. On the other holding btc with it's rising value is attractive as well. Especially with extra "fork" money. But after a while it will all stabilize again.

I think we're already past that phase when people are just asking money around the Internet. You don't see kids anymore begging in this place, or maybe it's because begging is not allowed in here. I don't really know, but I think the world has evolved enough for people to know that other people don't care about them. That other people are not going to give them any money.

When bitcoin roars, all altcoins become bloodbath https://www.coingecko.com/en

Not this time, bitcoin has risen +10 %, litecoin also +10 % and ethereum is also in green (according to worldcoinindex).
Other coins like dash, zcash, monero have dropped a bit, but not massively

Almost all the altcoins are in red numbers again, i dont know why it is happening because bitcoin is going up, and it is supposed that altcoins should follow bitcoin path, and go up too, but it seems that it is not going to happen in this time. Maybe we should wait a bit until altcoins recover to see green numbers again.
But of course that it is true that most people dump their alts to buy strong coins like ethereum and bitcoin.

except during september where they all followed BTC...

This is true, I agree with your opinion, this is a fact that happened.
When people panicked sell btc, I think they just drifted the current, This will cause snowball, chain reaction effect that will lead directly to PANIC and Bitcoin price collapse. All they do is math and simple human nature (greed / fear).

Right you are. In life you have to cater many different situations and you will be doing some different work. What matter most is how you just take the things in your account so that their effect displays you a good or bad person. But we all have to try for positive effect of anything on us. Bad effect are not welcomed but they are best for learning something new.

,most of the times its quiet obvious that when bitcoin rises the alternate coins racing to drop like its a blood bath all over the market, but there's no need to anic anyway it will be back soon and they will follow up.

I see a break in btc at the moment, everybody is buying ether now. Perhaps it is the moment for the altcoins now?

I see differently though, When the price of bitcoin drops, most of the alts I hold drop too, and when bitcoin increases, more than 60% of my alt portfolio rebounds. There must be a correlation somewhere.

Not sure this is correct, but we will see. Only the future will show.
BTW I hear there are some issues with the ETH Hard Fork...
Hope all goes well.

Heres my strategy for this. If Bitcoin is approaching to pump. Sell all your alts, even at loss. Once Bitcoin started to rally, altcoins will shake and some of them will fall from 30% up to 50%. Imagine what if you dont dump the altcoin before the BTC pump: You loss 50% investment.

 But because you are 100% BTC  If Bitcoin pumps 10%. Then you gain profit. After the pump. Go back with your altcoins at the dip.

Truly, that is all they have always been good for and it is so glaring now. Altcoins are just basically there for trading purposes, capitalizing on their volatility against bitcoin and making some profit along the line and when a war is coming up, then we see a huge dump.

It will be hard to see bitcoin going down without them being affected negatively or bitcoin even bulling its way high without them still being affected negatively. Bitcoin is just a big bully ;D

The growth of bitcoin is felt over few altcoins to some extent. Here upon the growth of bitcoin, few altcoins has increased in value along with bitcoin with good growth percentage. Lot of altcoins were found declining in value marked with the red indication. Maybe the effect will continue till the upcoming fork.

Obviously bitcoin effects on altcoin. All the altcoin directly or indirectly depends on bitcoin. At the time of low price of bitcoin, the altcoin price get high enough and time of bitcoin's high price, altcoin got down. It can be called that bitcoin is the basis of all altcoin.

If we could predict rightly or foresee what could happen, how nice that would have been. But unfortunately, we cannot.

However, even with the upcoming fork, I see it as a good thing for bitcoin in disguise and the forks are just going to be dumped for bitcoin just as they arrive and once the cloud settles which will make bitcoin to even thrive further, so as it is, it is just good to have some faith in bitcoin and keep hoping for the best.

I feel you mate! I noticed most of them have been stable for a while now and I have so much zapped them although it is still a bit risky but with the volume, I feel it is safe and I am gladly waiting for homies to get back once the fork is over to start buying.

There is a huge chance I will get more profit from those dumped altcoins than what free BCG might give me but I am willing to take some chances with some of the coins. Won't hurt!

BTC is the ultimate destroyer of altcoins when it rallies. I actually see very little hope for alts whilst BTC moves up like this. It just destroys them because everyone is moving money from their alts into BTC.

Yes dear, I think BTC is a major effect on altcoin.
Last few days BTC rate is very high and it has pumped, because the every Altcoin has been dumping.
when bitcoin pump Altcoin will dump.also bitcoin Dump altcoin will pump. so it's a big effect on altcoin.
I think almost all altcoins depend on Bitconi.

Of course yes, bitcoin effect on altcoin. Why-not we can see that when bitcoin price is low, then altcoin price get high and that time bitcoin price high then altcoin got down. So it's clear that bitcoin effect on altcoin.

Bitcoin is like central bank to others coins and just like a sayin "when America sneezes, other countries cache cools" is the same effect we are having on bitcoin and altcoins.Currently bitcoin is in bullish market and most of the altcoins are bearish and in September when bitcoin was bearish every alternative coins were all bearish. Many speculators are saying coins is going to get inflow to altcoins by traders dumping bitcoin, I did not see this happen as when ever bitcoin get dump altcoins also get dump.

but nevertheless we are witnessing today a huge decline in the price of altcoin. And at the same time Bitcoin hits New records for the maximum price. How will things stand? It's hard to predict further, but nevertheless we will see what happens next.

Altcoin will recover soon, but I can not predict the old high price (Bitcoin rates) can recover or not, because we have not any strong supporter for the altcoin market at now. Most of the traders are fearing of missing out when the price of Bitcoin increases and breakout to new ATH price.

My theory on it has always been:
-When bitcoin goes up, the traders cash out of altcoins to catch the rising price of bitcoin.
-When bitcoin goes down, the traders cash out of altcoins into bitcoin so they can cash out of bitcoin and into dollars.  With the plan to buy back into bitcoin when the price is low.

The only good time for alts seems to be when bitcoin stays still.  It's been a bad year for alts this year.

Bitcoin is the father if crypto currencies so people mainly focus on bitcoins so I think that bitcoins suffers a drop or dump its opens an opportunity to buy bitcoins in cheap prices so most of the people cash out their alt coins therefore alt coins suffers a drop.And also that for Bitcoin a fork is coming so people are trying to invest in bitcoins as much as they can so cashing alts coins might be an good option but maybe risky too.Also that alts coins has suffered a lot this year,I think mainly because of China banning ICOs which had a great impact for all.

It was just a matter of domino effect that bitcoin has been really hitting of, and if you are going to look on how it made altcoins go down the scenario is now taking into domination of all crypto currencies. That's why altcoins investors were now dumping their holdings due to the rising value of bitcoin so far. That's confirmed alternative coins were all bearish and for me its getting unstoppable now nobody can stop the pumping of btc value.

In my opinion, most of the altcoins follows the flow of btc, so whenever the btc goes deeply the alcoins will also follow. Investors tend to do some decisions because of BTC's price.

It seems that everyone sell to buy Bitcoin
I am just not sure to buy altcoins now,
I ll wait altcoins to drop further and buy it back

For what i am seeing alts give to BTC and btc rise like really rise, but when i looked at the chart of btc everytime it goes down eth goes up so there's a possibility that the reason btc going down is because of eth and xrp going up.

That is not how it works, even the altcoins will go up very high, the price of bitcoin will not change and the only factor that makes the price of bitcoin goes down is the demand of the people in the market who are buying and selling bitcoin and it affects only the altcoins if the price will go up pretty high but if altcoins will go up then there is no price change in bitcoin.

This occurs because almost all altcoins are traded as pair with Bitcoin, so as the bitcoin price rises, the relative price of the altcoin will fall and trading becomes less profitable. Then, people sell their altcoins and HODL Bitcoin which drives the altcoin prices down even further.

Good luck and remember that as the shock of Bitcoin rising fades, the altcoins will catch up!  :P

At this time we can see Bitcoin is rise to excellent price and the rising effect was very influential on altcoin. No wonder if so because altcoin follows bitcoin so whenever bitcoin rises then altcoin will go down. Investors are more interested investing on coins that have value movements that tend to rise.

Well Bitcoin,as most recognized cryptocurrency,serves as a magnet for money flow into the market.
People are looking for next big opportunity,for next 'under the radar' coin which will make them lots of profits.
People generally,only when they hear about bitcoin pump,get interested in other cryptos,hence more investing and the price rise.

It is going to be a positive fork in the sense that there will be free coins everywhere, hopefully if we see a wallet for it since for now there is nothing of such yet and I am not even hearing any single development on that part.
Once the fork is over and we are able to get our free coins, it will be another bullish ride for bitcoin as we dumped the shit free coin for the boss.

when bitcoin price is up, altcoin price is down although not all altcoin will be down. people get panic when they see btc is down and they better to hold btc than altcoin but in different case, holding altcoin is good enough because when altcoin price is recover, sometime the price more higher than the last time. people is trying to earn bitcoin than altcoin because bitcoin is worth and we can cash out our bitcoin to fiat but altcoin could be our help to increase our bitcoin amount.

I think, many people are selling his altcoin and holding his bitcoin. That's why altcoin freefall and bitcoin will continue to rise. But, all going back in time.

Yeah, you are right. I also obserbed it. Currency trader's invest their money on rellying on btc

That is really the cool idea because now people are selling altcoin for Bitcoin because the value of Bitcoin is kept increasing so people selling for low and aiming for the higher return with the Bitcoin. I think if you can hold the coin for some more days we can even make more money when compared to now.

It looks like people are "following the money". Investors in altcoins are making incredibly risky bets, so when they see a more mainstream and solid cryptocurrency on it's way high, then they will sell off their altcoin portfolio in and effort to raise the maximum amount of bitcoin. It seems like basic economics, obviously there will be some people who are entering and exiting the market too late, they are the ones losing money.

In fact, Bitcoin prices are affecting Altcoin's prices negatively. But I can not say the same for Ethereum prices. Bitcoin prices are going to be very similar to the prices of Ethereum. But many people have suffered from the price of Altcoin. After 25 October, everything can change.

Bitcoin has influence on crypto market as well as altcoins all the coins are seeing the charts of bitcoin so that they can decide their future a lot of people are saying that altcoin is better I want to get answer how many of people across the globe will accept altcoin as they are already attached to bitcoin and on top of it bitcoin is the most profitable as compare to altcoins.

really?? if that so should i sell all my eth now in usd? im really having a hard time learning trading but I reaaally am eager to learn. haha im stuck at eth im just patiently waiting for the correction if there will be..

The correction will come but not just soon. It is expected when the fork comes.
The fork should cause more sharp movement in the market, which could lead to a rush in temporal sell off of bitcoin.

Meanwhile, as for learning to trade, is nice. Make your mistakes and understand why you made the mistake so you don't keep repeating it. If you are lucky, you might learn from other's mistakes. Determination and patience will help you. Do more research.

yes I realized that cryptotrading is continuous learning. I should never stop updating myself on trendz

I think Bitcoin and Altcoin is interconnected indirectly. Price chart and the top altcoin have almost the same graph, but they can alos different sometimes

Altcoin is a good coin but it is only good if you are planning for day trading or short term investment. Bitcoin is the top rated coin in the world of crypto currency. Bitcoin had not only affected the market of altcoin but so many other coins as well. Bitcoin is taking control over the market in such a great way. Most of the investors are very much interested in bitcoin investment.

Alt coins are almost entirely traded based on bitcoin and when most of the investors want to buy bitcoin at one time, they tend to sell their altcoins to get the BTC. That's why we see Bitcoin rise with altcoin dip. Also when bitcoin crashes, averyone in panic, so alcoin dip is there too..

Everybody is pulling money out of their altcoins into BTC to wait for the hardfork and collect their bitcoin gold. But as long as there are hardforks on the BTC agenda, don't expect a large pullback.

And how long do you think that's gonna last? How many chain splits are there going to be?

This is the usual case. Prices of bitcoins go up then altcoins go down, but when prices of bitcoins go down prices of altcoins go up. It has never failed. So right now prices of altcoins are very cheap, probably this is the best time to buy alts and dump some btc as probably this is another all time high that will just be an all time high. It will probably go down in a few days or weeks then prices will then again move sideways. Or if a trader prefers not to buy altcoins, selling at all time highs like this for fiat is another option which is the next big thing. Then just buy back when prices dumps.

There will be no chain or coin split that will happen. Hard fork is an upgrade of nodes in the network and it doesn't harm bitcoin.
While bitcoin gold isn't a result of hard fork instead it's more likely an airdrop that we can get during the hard fork.
That's why many are holding their coins tight to get the equivalent of it. Well, who never loves airdrops anyway?

Sometimes that was just a coincidence that bitcoin and some altcoin price chart go the same way. There are times that bitcoins is increasing its price but some of the altcoins are bleeding like happening this week because of the upcoming fork. Afterall bitcoin is the king of all coins so it slightly affects the price of other coins.

In my assessment in this things, according to what I read here in the forum. When bitcoin goes up rapidly, most of the altcoin goes down, there are few altcoin only is getting higher, which I don't know if it is just a pump only. Then when bitcoin down most altcoin was getting higher. That's was just my opinion only.

Btc goes up because everyone sells alts and convert them to bitcoin. If you check total marketcap there are some interesting circulating numbers.Total cap is same and bitcoin price continues in uptrend channel.

Yes, Bitcoin's price always influences the Altcoin. If Bitcoin will pump obviously Altcoin will dump. And when Bitcoin dumps Altcoin will pump. Sometimes it goes to 2x or more.

There is a movement that is well established. People come to crypto thru BTC so, when there is hype like this and a strong movement of BTC some of the money returns to BTC from alts. When BTC price establishes a bit some of that money come back to alts and all the market moves up. Of course there are pumps and dumps in the middle as well. So with so much cheap alts around or so much time and lots of new money in BTC we should expct a market increase soon. And off course BTC will keep uping as well.

That matched to the situation where bitcoin face a dip and alt has the same effect. Bitcoin has very well got its place and created a dependency on other alts. On someway bitcoin created its place to decide the market trend of other altcoins. I mean bitcoin used to buy altcoins. Good promoting without intention.

I feel something fishy about ongoing processes in markets. Big altcoin sell orders are disapperaing in bittrex but 5 minute later same order appears on poloniex. Prices are heavily speculated by traders and end of story doesnt look like good...

Yes it's a fair situations and I think the effect is not that worst because bitcoin is now really gaining it's good price as well. If we are speculating any negative effects, then I must stay intact with the priciple of holding for future profit. Those altcoin that drops its value, its not an effect of bitcoin price surge, but rather fluctuations from dumps of sellers. Same as what happened with bitcoin previously, more sells happened due to investors needed fiat yet they exchanged their holdings to cash and thats normal with digital currency.

Basically, altcoin comes from BTC so therefore, whatever the effects of BTC is, expect the same effect in altcoins. If they did not go with the same flow it is because of the different issues or news that are happening in the world. Social media sometimes play a great role with the price stability of the cryptocurrency so expect the great price change in every situation.

As per observation, When btc rises alt-coin such as eth also soars up, as well when it goes down, There's a correlation in btc vs all other forms of alt coin, and if you en cash alt coins, every token shall convert first to btc before it goes to final destination. This is the reason alt-coin needs BTC. Alt-coin rely mostly on the path of BTC.

We know that the markets are manipulated by whales because it is not regulated so they can do whatever they can. For us small time traders, we need to know or at least have an idea of what the whales are doing so that we can ride their trades. Many professional traders can read the market and can identify an unusual movement that's why they are profitable so for us or at least for me, I need to always be careful with my trades because a lot of manipulation is going on so we should always protect our funds by having stop loss in place and not be greedy when the price goes up as the prices in altcoin is very volatile and pumps and dumps happen more often.

just take a look in the past when bch born. people sell all their altcoin to buy bitcoin

Bitcoins and Altcoins are like waves in the market. And every move is connected to altcoins. If the bitcons drop will increase the altcoins. Because people sell their bitcoins and buy altcoins. And if the bitcoins increases, Altcoins may fall. And when little is running Atcoins and Bitcoins are just steady in price.

BTC is working at the moment as the "standard" in the crypto world. What this means, is that since Bitcoin has the highest adoption (most people are using it) and the highest market capilization (highest value out of all currencies) that is moves and effects the outcome of other crypto's, because if let's assume, Bitcoin doesn't "work" tomorrow - people will all of the sudden lose trust not only on BTC, but on the blockchain technology itself, and that affects all altcoins (which use the same technology). It's like the S&P 500 (and index that tracks the performance of all five hundred highest market cap companies in the US), if the S&P goes down, it's likely that most of these companies will be down as well, and vice versa.

bit coins and alt coins has great demand in the market. so once you have to try to buy first bit coins, next its price going to increase. it may continue few months or years next slowly it can come down in that time you have to sell and buy alt coins it is very gppd and better idea for earning profit always. so you have to manage carefully in this process you have to do trading you get good results.

Bitcoin value was largely affect the altcoins industry, I agree to sir ongels when bitcoin value raising up automatically some altcoins were raising up too. However it was not happen all the time, because sometimes when bitcoin price was increase the other altcoins were falling. It was happen due to some alternative coins are not aligned to the prices of bitcoin, so other coins are based in dollar.

You can find that the BTC price really affect of the alts since you can see that if btc price will pump up the price value of the alts will pump also and if the btc goes down same result will be occur on the alts also so if there's something bad happen to the top 1 coin then we will suffer for a huge lose of profits if this one will came. But as for now that we can see it pumping then we can expect that we can earn huge with its stretching $ value.

The metaphor of magnet used for bitcoin greatly explains the nature and importance of bitcoin in the crypto market. I am pretty sure that people always come to know about other digital currencies with reference to bitcoin.

Bitcoin is the leader of the crypto currencies so that’s why they follow the footsteps of bitcoin to increase in value. Altcoins are dependent on bitcoin for their market importance.

its the main basis of crypto industry so if the value jumped high even we seen some red colors with our alts the value still acceptable and manageable
as we knew that after its settle from a new ath alts will follow to stand up too, its really a matter of quality project which will be supported by investors
and influence from the btc affects alts from both end.

Bitcoin and altcoin are interelated interms of  trading and  buying  into ICO,as Bitcoin has impact on the price of Altcoin so is Altcoin on Bitcoin,whales in the cloud has lots of impact on price variation.

I've played bitcoin for a long time. But according to my observation in recent times. Increased bitcoin prices will reduce prices  altcoin.

Until everything balances out again.
Big price rises do affect altcoin prices, but somehow it always seems to flow back into the alts sooner or later.

BTC is the base value for all the altcoins in the crypto market so it will affect the prices of all the altcoins when bitcoin starts fluctuating. I hope it will stabilize soon and we will be able to start trading normally.

It is very glaring how dependent they are and how they are just tagging along trying to find a means to survive.

Any huge impact on bitcoin affects them a lot and we always see a downtrend. However, it is normal to see consistent pumps for altcoins once the value of bitcoin is stable within a range, but if it is going down, it drags altcoins with it and most times when going up hugely, it still finds a way to drag altcoins with it.

Price of altcoin is relaying on the bitcoin price charts as bitcoin goes down prices of altcoin rises and as bitcoin is crypto trademark and simply king of crypto whereas altcoin are not so regulated as well as people are unknown to altcoins and in future as bitcoin will rise more then there will be chance in rise of altcoin price because everyone cannot afford such a valuable coin.

Whales have always had an impact in the market even right from the onset. It is a normal thing since they have the huge funds to control the market movement and let the lower traders make decisions on that. You might be surprised the number of stop loss the whale will gain from, while controlling the market.

Whales are always in for the profit and they can go any length to make that happen.

It is true the bitcoin is the currency that is having the large and the serious effect on the value for the bitcoin and the income of the bitcoin is increasing more and more, hold the bitcoin and hold the other currency as well then you will be able to see the difference at the same time you will say it is true the value of the bitcoin is higher than the altcoins, because the investors of the bitcoin are more than the altcoins.

There is a reciprocal algorithm implemented in this case. You are not going to take anything with you when you are taking bitcoins. Altcoins are dropping whenever bitcoins are rising. Same in the case of opposite scenario. So you said it right, bitcoin will go higher and then you will be seeing the altcoins will follow bitcoins.

I saw the effect of whales on many Altcoin's prices. What the whales do is not really nice. They are definitely trying to sink small ships into waves. Losses are small budget users.

Maybe you are mistaken. I do not remember the price of Bitcoin are rising, the price of altcoins are also rising as Bitcoin. At the moment, you can check the price of Ethereum or other altcoins, there is no altcoin can increases its value while Bitcoin price are increasing fastly to $6,000.

I am not sure, but i am convinced that there is a relationship between the price of BTC and altcoins. This maybe can explain. With the "poor investors, who don't have much money, their fund is very small. They only choose 1 crypto to invest (BTC or altcoins). So, If they are holding altcoins, in case BTC price increase a little inwhile their coin does not. They might panic sell to buy BTC because they believe BTC coutinue rising. This leads altcoins price fall down quickly.

Alts dont really hold valus as btc takes over. It can go up but it does not stablize and drops fast.

There is no way that we can deny this fact that every other coin is having an influence on other coins in the world of crypto currency. Bitcoin has no doubt affected the market of altcoin in a significant manner. With each passing day, the reputation of bitcoin is increasing much more thus making the survival of not only altcoin but so many other coins very much difficult. Bitcoin has deeply affected other coins.

Since people own both bitcoin and altcoins... then is it really possible to be profitable in both because its inversely related then?

Yeah I agree. The effect in each coin had an adverse effect and the repetition of events here always occur.
There are always three things that happened here.
1. When bitcoin pumps the altcoin pumps.
2. When bitcoin dump expect that the altcoin will dump.
3. When altcoin pump then bitcoin left out.

As these as I always observed in the market and it just always repeating.

This has happened several times as most of the altcoins are currently getting dump and bitcoin has broken $6,000 resistance levels this morning. Bitcoin is like a gold standard to others alternative coins as everything about cryptocurrencies revolves around bitcoin. The structures of cryptocurrencies both hardware and software including physical structure of business activities are center around bitcoin. Currently people are buying bitcoin because of the hope they have that 25th splitting there are going to get free coins from bitcoin gold. Altcoins alone cannot stand without the influence of bitcoin.

This is correct, people are dumping their altcoins to buy bitcoins because of the price that reached a new ath. That's why most of them sold their altcoins leading do dumping mostly of altcoin but it doesn't basically that is the main reason why altcoins are dumping now. Then once fork is done, bitcoin will eventually decrease its price so altcoins will increase or try to increase its price again and people will be buying back their altcoins again.

Its like alt-coins and BTC are interrelated in ups and downs of the coin value. But still Bitcoin leads in stability as bitcoin is most used and liked by many peoples around the world and the prefer bitcoin more safe for there transaction.

One more reason bitcoin is more valued is that it provides more way to earn from it. As bitcoin price rises the prices of other alt-coins also rises because of the effect of bitcoin on other coins.

When we are know the people that are in bitcoin then in altcoin there are more in bitcoin but there are people that always think positively on altcoin that they know that some altcoin can make some huge of profit just like bitcoin.

Profit taking will always occur when Bitcoin rallies strongly such as now at the expense of Altcoins but occasionally they also rally soon afterwards even if it maintains this upward trend

Yes I agree with you whales has always an impact on the market. The price of both altcoin and bitcoin has affected each other, because the investment has divided between the two currencies and so is the market value and cap.

But I think that bitcoin is still more valuable than any other digital currency because the investment ratio and the price is very high than any other currency.

Currently some traders and investors are turning to bitcoin to participate in the upcoming hardfork event in November, in hopes of benefiting from rising prices, thus undoubtedly impacting significant altcoin price reductions. But I believe the price of altcoin will increase some in the next year

There are masses who are disappointed and afflicted because of the unpredicted movements of whales. Whales are all the time involved in making others suffer. They are having intentions of grabbing everyone’s coins and ruling them. We should stick to bitcoin because it is not much ruled by whales. Bitcoin is the only coin which is not much influenced by the actions of whales, so I would like to stick to it.

Bitcoin is considered the benchmark for altcoins and the effect of its downfall on all other cryptocurrencies got pretty clear to us all during the last dip. BTC fell down and there went all altcoins almost dying. In addition to this, there is a huge difference between the available amounts of bitcoin and top 7 altcoins so no matter how much demand increases for them, their progress rate will always be a slow one due to high supply.

There is a strong relationship in between bitcoin and altcoin. Bitcoin and altcoin are the top ranked coins in the world of crypto currency. Bitcoins have a very strong effect on altcoin because of the reason that when the market price of bitcoin rises high, almost all of the investors convert their altcoins into bitcoins. This way the market of altcoins gets very much low. Altcoin’s market value is very much dependent on bitcoin

I think that the number of bitcoin users are more than any other currency and the reason is that bitcoin is the fundamental currency while other are derived currencies and that is the reason that people are giving preference to bitcoin as compare to any other currency.

This is one of the major problem of those investors of  alt coin because once the price of bitcoin soared high or increases too much then, it means their price is going down which leads to dumpness of their coin.
Whenever the bitcoin rises, we see all the altcoins dumps too fast that sometimes i begin to feel worry as if this might be the end of altcoins, but it is not.

altcoin or other types of coins other than bitcoin are the same digital currency based on bitcoin, because the basic altcoin itself is a bitcoin digital currency. If bitcoin prices can rise high then surely altcoin will follow the movement of bitcoin prices but price movements more slowly. Vice versa if bitcoin decreases then it could also impact on all altcoin values.

Other than that, there is not any direct connection, and there are some coins that flow wildly no matter what happens in the markets, others that seems to match the market.  There have been none like BTC, as it has a steady and unchanging long-term increase.

No, bitcoin has a huge impact on the market, so we can easily see it, with the power of bitcoin, whenever it raises its price, the altcoin undergoes a great deal of pressure, and its value reduced severely.

Its common in the market that when the btc price really goes up, all altcoins' value comes down. BTC causes a great impact on other altcoins. Its because the investment has been divided between two currencies.

Actually bitcoin is the first priority of the people to trade. therefore when the find such an opportunity to get profit from bitcoin they immediately transfer their money into bitcoin. In fact altcoin is the send option of the people, but some time when the price of bitcoin remain as stable they they invest money in altcoin as their second option.

It is true in this cycle. To be honest, it is the normal rule for this market from beginning. But I do not know why do the market changee this rule earlier of this year? From March until June, the altcoin market did not affect by the price of Bitcoin, even some altcoins can grow to new all time high like Stellar Lumen, Ripple, Digibyte ...

Although bitcoin do not have any direct relation, but still there are some good and bad effect of bicoin on altcoin. In fact people first preyority is to trade bitcoin or simply to hold it, but they are take a view on altcoin and some time even they trade altcoin,  On other side when people have invested money in altcoin and they find out that there are some opportunity to make money from they immediately convert their money in to bitcoin, as bitcoin is the mother of all currencies and people mostly like to trade bitcoin instead of any other altcoin.

I must say that all the coins which are present in the world of crypto currency have a very strong effect on one another. There is no way that we can deny this thing that bitcoin is no doubt having a very strong effect on the market of altcoin. Increase in the number of investors which are investing in bitcoin will mean that the number of investors investing in altcoin is getting low.

What you are saying is true that is because Bitcoin is the main coins whose price is not stoppable and it can go any high. All altcoin price are compared to bitcoin and when they see the price of bitcoin is rising high they just sell the other coins, let it be what ever their projects are but they believe in bitcoin. But if you see the price of other altcoin in dollar then they are not that much affected by it only it is low in bitcoin conversion.

It is really true that when bitcoin goes higher some alt coin goes downor even dump. But I am hoping it will not happen in some other good alt coin there, because some has a good potential and good future at all.
But when people sees that bitcoin is getting high amount or getting to good peak they transfrr their money into bitcoin so the alt goes down.

I agree
I would also highlight your words:
btc is rallying almost all of the altcoins dip.

It is now like that condition, BTC is rallying and selling their Altcoin,
I would also predict at some condition people buy altcoins to sell Bitcoin if the Atlcoins is rising

But I would like to inform you rather correct you that this is never ever going to happen. People are not going to buy altcoins by selling bitcoin or for selling bitcoin. Bitcoin is the oldest currency and the biggest crypto market is held by bitcoin. No one is going to give up on the world most expensive and profitable currency just because of little rise shown by altcoins in prices. Altcoins are indeed totally dependent on bitcoin for their prices.

It's became a regular thing when the bitcoin increases it's value in market and it will definitely affect the other altcoins. That's because of the importance or priority given by traders and users of bitcoin.
At the time of minor fluctuation in btc value then the investors may contribute their money in altcoin. However everyone knows the altcoins wont give profits like bitcoin as much faster.

Well there's two things you need to understand. 1) Consumer behavior 2) What these altcoins are going against.

1) When people say bitcoin rallying 10%+, why would they not sell their altcoins at market price, and try to get in on bitcoin? This exact behavior is why people can enter a pump and dump without them even realizing it.

2) When you see bitcoin increasing in price, it's because its going against the USD. So if bitcoin goes up, that means it gains value faster than the USD. However, when you have ETH/BTC, it's ethereum against bitcoin, not the USD. So if ETH/BTC goes up, that means that ETH gains value faster than bitcoin.

When the bitcoin price is become high and the altcoins become down it is because of the value of bitcoin that would be consider a lot of people using from it.And it will definitely affect the other altcoins.Altcoins are indeed but it's definitely depends on the value of upon the prices from bitcoin.

Just observed today, bitcoin price is significantly going down, while most of the top altcoins are now going up. Maybe this is the effect that we are talking about it. So we may say that there's some kind of correlation between the two as evident of today's price movement. Although this is due to bitcoin gold fork free coins implementation.


The rally has ended a few days ago. That's why altcoin is very much alive now and after a week of bleeding, they are now on the go and green. Maybe want you are saying is true. Traders sold bitcoin and bitcoin gold and going back to altcoin market.

The reason why the altcoin were swimming in red the past few weeks was because bitcoin had increased constantly its price and now that the fork has come, it is time bitcoin had to decrease its price and altcoins will try to recover and increase slowly its price back again.

btc is related to alt coins its like demand and supply

if the one increases the other decreases i hope you understand.

Commonly that is our expectation, but due to continues increasing of bitcoin value in the market, even altcoins were follow with the flow of bitcoin.
Otherwise continues increasing of bitcoin in the market was largely affect the circulation of cash and altcoins market, However that happen was good for all users due to they were earn a lot of income because of good price of crypto currency in the market.

Yes, BTC effect on altcoin. Altcoin rate depend on btc up and down in the marketplace.

Bitcoin must have an important impact on altcoins.when bitcoin pump altcoin dump and bitcoin stand altcoin pump.If bitcoin dump and dump altcoin dup and dump.We were already see when china try to ban ico.

There is an psychological effect of bitcoin on all other crypto currencies. I do not think that if the price of bitcoin is decreasing while any other altcoin price can significantly increase. In fact bitcoin is the mother of all crypto currencies, bitcoin is the main currency on which all the people are depending and dealing the other crypto currencies from the platform of bitcoin. Therefore we can say that bitcoin is effecting all crypto currencies. People feel as more confident when the price of bitcoin is trading in a good mood, in such situation people even dare to invest money in other altcoins.

bitcoin is the ist crpto currency and the remaining are less in age than bitcoin. bitcoin has his own power and value in the whole world while in altcoin there are number of coins present in which some are very good according to their performance while some are going to dead and few are already dead. bitcoin price has a great affect on altcoin.

Bitcoin is one of few base tokens that is used to trade for alt coins.  Therefore, while there is no direct correlation, if the price of Bitcoin goes too much in one way or another, then it can have an effect, who knows what way that is going to go, it depends on the price change and the amount.

Maybe, but I think not all are affected. I'm not sure but in my opinion, only altcoins can convert directly through btc to be affected. The other altcoins are only slightly affected. But btc is still the strongest currency in the crypto system, and its impact on the general market is inevitable, just like the dollar in the world's currency.

Segwit2X will be an interesting one.
I think we will see a flight of capital moving into BTC like BTCGPU, because people want to gain access to the new chain coin; and alts will rise after the split.
However this is a dangerous split in that confusion arises between BTC and 2X; there might be selective coins that will do well pre-split

as if there was no hope of rising, altcoin gave a sense of pride. Support for traders is very difficult, this is not just hitting trading strategies. but like a storm that destroys a merchant's mental.
all my altcoins are stuck and I need an answer to get the benefits back.

In fact, bitcoins have a huge impact on the altcoins, and that is the direct effect, every time the bitcoin fluctuates, the market becomes dark, it seems that all the altcoins go down, and there is no way to overcome....

Every focus and attention still centers to Bitcoin being the legacy, and the first in line. It was from this idea that other altcoins came alive. So, it is normal that we will keep seeing this effect for a very long time and nothing will change it. The confidence like you have said is totally there, the support is incomparable and then most altcoins at this time are basically just good for trading purposes only.

yea you are saying right.actually bitcoin is the base of any other altcoin price.all altcoin depended on bitcoin.i think these are the reason for altcoin up and down when bitcoin price crash or up.
1. when btc down altcoin also down > because if the base is not good then we cant think good about other things that are depended on the base in everywhere, you can see it both in real life and crypto world.
2. when btc up alt dump > because when btc start to up people are also starting to sell altcoin and buy btc.

the Only Altcoin will up when btc remain stable for few days I think.

In the world of crypto currency, there is no way that we can deny this fact that bitcoin is the top leading coin. Altcoins and all other coins are far behind than bitcoin. The market of altcoin and all other coins which are present in the world of crypto currency is greatly affected because of the bitcoin. There are so many investors who are withdrawing their money from altcoin and are investing in bitcoin.

Sure, BitCoin is king in cryptocurrency
BitCoin is the leading currency in cryto curency, with the most well known bitcoin and investment, the market capitalization of BitCoin is the largest.
So Bitcoin has a big impact on Altcoin

Bitcoins affect the altcoin and bitcoin effects back to Bitcoins, which are all electronic currencies and they are interconnected.
The capitalization of the copper is different, Bitcoin is the king

According to my observations; dash and zec are acting independently, if they do not have a huge price difference in Bitcoin they are acting independently. Thats impressive.

Bitcoin effect on alternative currency is enourmous. If bitcoin coin sneezee every other altcoin always catch cold. The is the reason i do not use my bitcoin to buy altcoin. i will rather work to obtain altcoin than buying with my btc

In 90% of the times, the altcoins are being traded against BTC. The figure may be slightly lower for established alts such as ETH and BCH, but for the vast majority of the other currencies, the trade w.r.t. BTC contributes to the vast majority of the volumes. Therefore, in most of the cases their exchange rates are also dependent on that of BTC.

Basically the bitcoin and other altcoin are interconnected in price value by people's mind.When the bitcoin price increase the people will think other crypto will also increase.As you said bitcoin is king of crypto world so any change in bitcoin surely affect altcoin.But some altcoins are giving more profits than bitcoin interms of percentage,so in future bitcoin will have a competitors.

Effect of bitcoin price increase can be disasterous on altcoin. If you have large percentage of your money in altcoin,you must sell in order to avoid drastic loss of value.

the btc effect on altcoin is when bitcoin price is increase then the altcoin price is down although its not for all altcoin because there is still many of altcoin that is trying to survive in the market. but sometime no matter bitcoin price is increase or decrease, some of altcoin is following the bitcoin price position. like what we see now, when btc reach more than $5000, altcoin price is down until he base price in few months ago and it is hard for altcoin to gets increase again like before.

Haha! Nice way to express and elaborate the effects of bitcoin on other currency, by the way I am also suffering from seasonal cold but that is not because of bitcoin, Lol. Coming back to the effect of bitcoin on other currencies, almost every crypto holder is aware of this fact that crypto market circulates around bitcoin and all other coins are dependent on bitcoin’s actions for their fates.

affecting bitcoin in the altcoins as I can see if bitcoin is on the altcoins have possibility to increase also but for now my analyses for altcoins dip down because depends on demands needs so many coins so far the investors divided  into the different altcoins putting the investment.

yes I always think that the higher the bitcoin price, the lower the altcoin price. Well, altcoin prices do not balance the bitcoin price, because bitcoin always affects the price of other coins. the higher the bitcoin price, the lower the altcoin price, but not all altcoin like that.

It will always have that first movers advantage over all other altcoins and it would really take some pretty big work for any of the altcoin to really gain that confidence that bitcoin has been able to give. The community is strong on bitcoin and they are ready to do anything to make it grow knowing there is so much at stake. Also, remember that the devil you know is better than the angel you don't know, so usually most people tend towards bitcoin in times of trouble knowing the fate of the altcoins.

Yes we have the same observation because since the bitcoin continually increasing altcoins suffered and continually decrease. So i think bitcoin affected altcoins.

Being the pioneer of cryptocurrencies, bitcoin has a huge market capitalisation and much more established networks than other altcoins. Also majority of altcoins are exchanged back into bitcoin as this is the only convenient cryptocurrency that can be used to directly purchase goods or services. So the other altcoins automatically complement bitcoin. Hence when bitcoin's price see a hike or low, other coins may also face some difficulties. A higher Bitcoin price means a loser altcoin price.

Yes it's. The normal thing everyone can see when Bitcoin price increase is almost other altcoins price dump because their price depend on Bitcoin and when Bitcoin price increase trader often try to exchange all their altcoin into Bitcoin cause they afraid and try to cut their loss so it make altcoin price dumped a lot, but it only happen with new trader who don't have much experience in trading.

Really, I'm also observing altcoin is dipping since the rise of bitcoin this past week. For instance, LTG has been affected badly since the beginning of this week and bitcoin keeps enjoying its bullish ride.

On the flip side then, what seem to be the solution? Since bitcoin and others don't ride same way  ;D

There is no solution of it , i think the reason why is it just because that bitcoin is the coin of all the number coin so if there is something that might happen on bitcoin there is always a side effect on altcoin.

Usually bitcoin's price will make altcoin's price down if it's rising. So solution for you when BTC's price losing their valuation is buy altcoin.

All the altcoyins by and large are the forks of bitcoin. Therefore, fluctuations in the price of bitcoin will affect all other cryptocurrencies. Except for absolutely garbage.

I don't really know why that is happening & this is actually affecting the growth of altcoins. Just recently, the bullish from bitcoin has resulted to the dip of certain altcoins like LTG etc.

I guess is because it is paired with so many altcoin and investors see it as a potential profit, so they will must times click the buy button rather than sell.  ;D

Its always been like this, when Bitcoin is bullish and you see price of Bitcoin increasing and reaching all time high, expect alt prices to go down as alt bag holders wants to cash in or take advantage of the price of Bitcoin while its high. If you are holding alts, you could either hold and wait for alts to recover or or sell your alts enjoy the price of Bitcoin and buy alts again at discounted price.

Trading on the ratio is like sayiung bitcoin will be stragnant while it rises. Not going to happen, you will lose a lot of money.

Now the only rule for alts growing works: BTC is in "flat position": dont bounce up/down.
Earlier was another trend... It changes rather quickly.

Normally when btc goes up, alt coins fall down. When btc goes down , alt coins move up.. Since these days btc goes down, many alt coins moving up.. You can see that clearly when you check the charts. Some people get panic due to this falling of btc. But at my point of view, I think this is the best time to increase the amount of btc we have. Buy some good alt coins and hodl them. So you can exchange them to btc when btc is down and can increase amount of btc you have.. BTC will move up soon again.. 

You seem a keen observer. BTC price dictates the alt coin market. I also observed that among of all altcoins, ETH is getting higher also during BTC is up. But I cant say that it happens all the time that ETH gets pricy along with BTC's rally. For instances that you want your altcoins to be converted into money. You might need to convert your alt into BTC no matter how the price of your altcoin is, when BTC is falling you can expect that you only have a minimal chance to earn. I think you should noticed that by now. Bottomline is BTC always dictates the price of the alt coin.

Yeah, some time btc will effect on price at the altcoins

yes i am agree with you.i saw same pattern in doge coin.btc up doge down.

BTC has a big effect on alts. when btc go up alts also will go up but when btc go down alts will go down but sometimes there are some scenarios btc is going down but alts is going up.

Indeed, and now when btc goes down, so with alts. Once bitcoin recovers, some times alts again gows down as people are.selling for bitcoin to take advantahe of higher value. Alta always  suffers a lot when there is price fluctuations.

Nope, bitcoin does not affect the alternative coins because in the first place bitcoin is not related to alternative coins in any aspect of the business, in short they are not in the same roots in the company of bitcoin.

i think about it all as a big trading stand point, if the MAIN traded currency is LOW then most of all tokens and other coins will be lowered kinda like if the dollar lost its value it'd only be logical for the cents to lose value, maybe not in physical value but definitely any trading value

We can see alt's coin almost follow btc. Once btc grow up same time also alt coin up. When btc dump alt coin also dump slowly. But it not happened suddenly. As we seen yesterday btc growth down but alt still stay there. If btc stable now 9.5k zone, alts will be down slowly.

Bitcoin is leader and have high influence in the market and it effect the altcoins when price fluctuate. Altcoin still struggling and didn't make strong platform to survive alone.It is possible to but will take time may be later or soon.

Once, there had an effect of bitcoin over different coins. But right now, as the technology have gained much highness, modifications came along the path and coins become independent. Still, there are few coins who fluctuate accordingly with bitcoin but they are so low. Majority of the coins have become parallel with bitcoin and become independent of their effect on performance.

Yes BTC ave influence to effect altcoins directly or indirectly.Rumors and wrong news badly effect the market people going panic sell of BTC and when price of BTC fall other altcoins also fall down.Actually most of altcoins based on the BTC platform which effect the altcoins.

Before, just a couple of years ago, Bitcoin did not have such a great effect on the altcoins. Now we see the picture like this one: BTC is growing, and the alts are gaining. It is falling and the other coins do the same.

and when bitcoin is falling, this is happening too with altcoin. and today, with bitcoin price is in under $9000, many altcoins have dropped too and the altcoin is trying to survive in this situations because they see that bitcoin reach the bottom again. but once bitcoin increase back, the altcoin will getting an increase too. the big effect from bitcoin to altcoin is in the price for each altcoin but some of the altcoins don't get this effect and still trying to break the highest price like we see in the market.

This trend of Bitcoin's influence on the market is very much traced in the names of 2018. Last year, this was not observed, especially when Bitcoin rose to its maximum value, other altcoins were monotonously gaining a price.

I think btc does not have much effect on atlcoin. When btc decreases there are some altcoins that actually increase. Indeed bitcoin is the first coin, but I do not think bitcoin is a benchmark for other altcoins. They are affected by demand and supply on each coin

Of course, the price of BTC affects the price of altcoins. When prices start falling due to negative news, investors sell their assets in the cryptocurrency. This provokes an even greater fall and some people panic.

In the real world usd is the main currency that other currencies get campare with it and in cryptoworld bitcoin is the main currency that other coins get campare with it , So when the main currency goes down others would follow , why ?Because bitcoin is the strongest and has the biggest market cap , May be in future market cap of bitcoin changes but for now it is what it is!

for just what may ever happen in bitcoin it is reflect for in all altcoin that think to be under in bitcoin cause bitcoin is the coin for all the coins in this currency so we may actually see it as for what may bitcoin to be altcoin should be affect in it that this is recently happen.

It's kind of like when America has a recession the rest of the world suffers due to their global economic impact. Bitcoin is the same in that a drop in value has a knock on effect that can be felt everywhere else. Bitcoin needs to remain healthy, or altcoins need to get out of bitcoins influence to reduce this effect.

Bitcoin has big effect on cryptocurrency market because when people look at the price the first glance is on the bitcoin price and then others. The reason is bitcoin is the leading crypto and mostly people have invested in it. Those who have less capital for investment buy other coins than bitcoin because of the low price and the growth is also slow.

Bitcoin is the father if crypto currencies so people mainly focus on bitcoins so I think that bitcoins suffers a drop or dump its opens an opportunity to buy bitcoins in cheap prices so most of the people cash out their alt coins therefore alt coins suffers a drop.And also that for Bitcoin a fork is coming so people are trying to invest in bitcoins as much as they can so cashing alts coins might be an good option but maybe risky too.Also that alts coins has suffered a lot this year,I think mainly because of China banning ICOs which had a great impact for all.

yup, everything is in correlation with btc and it goes something like this: when btc drops...everything drops, when btc goes on a bull run...everything drops. When btc stabilizes..that's when alts go absolutely berserk.

When Bitcoin's price falls, the newbies are losing faith against altcoin and are starting to sell it. For that when the Bitcoin's price decrease, altcoin's price begin fall with it.

BTC affects many other altcoins. BTC girls almost decided to increase the reduction of other altcoin in the market. As BTC prices increase, other altcoins increase and vice versa

Bitcoin has a tremendous impact on the Altcoin price movement. That's because bitcoin has such a huge force that when the Bitcoin price moves then the entire price of altcoin is also certain to change. This is commonplace because Bitcoin is the first and most widely used digital currency today.

from your opinion I can conclude when bitcoin prices stabilize and rise slowly alt coin prices go up, we see from the market capitalization for example IOTA in March last or when the crash hit the marketcap only 2.7 B $ now already reach 5.1B $ it shows at least he has gone up almost 50%, but did not rule out what you say is true, this any market can happen unexpectedly.

I think yes bitcoin realy affect most of all altcoins because bitcoins is the center of trading in short he is the middle man and to exchange your coins or tokens to other altcoins or in fiat money you need to exchange you coins or tokens to bitcoins first before you can convert to other currency so the price of bitcoin realy affecting altcoins price too.

Bitcoin only affect the price of altcoins because all altcoins connected to bitcoin in all exchanger and all altcoins are easily converted to bitcoins so if bitcoin price goes down altcoins down also and if bitcoin price up altcoin price also up.

Altcoins are clearly relying to bitcoin so it can have value. Traders won't see it worth if it's not paired with btc and that is what makes them all weak unlike Ethereum that can still manage to go up or not crash even btc is dumping hard.

Coming from where things are heading, its still bitcoin is the basis of most alts to gain its value, when btc falls then alts are also doing the same, but like what you have said it is different from ETH as we can see that this project still progressing even bitcoin is showing bearish, personally I'm positive that most of those quality alts will aimed to gain the same support that btc and ETH already gain inside crypto market.

I think the major problem here is that bitcoin is the base currency for all other alternative cryptocurrency. So it movements will definitely affects altcoins prices positively and negatively. Positive when bitcoin price is on uptrend and negative when bitcoin price in on the downtrend

since the Bitcoin is the main and major virtual currency so that it always plays a vital role. if the price if BTC falls down then all the currency also follow the way of BTC because of the chain. Most of the Altcoin is based on Bitcoin so It has the most influential role.

The idea that bitcoin rising leads to altcoins falling is an unproven hypothesis, it is something that traders have noticed, but due to the various flaws in human observation, we cannot say for certain it is true.

Of course, after Bitcoin's effects altcoin's on. Because there are almost many coins, which depend on the decrease of bitcoin-growth. If the price of bitcoin decreases, the price of some of the altcoin coins decreases. Again, if the price of bitcoin increases, then the price of these coins increases.

Yes, Bitcoin is really effecting the whole market when price of bitcoin will unexpected move then all over the market effected on this may be bitcoin price go up or down altcoins are effected,

Yeah you are right. Every coin has its own value in the market and many people invest according to their purchasing power. If they have more money they buy bitcoin and if they have less money they look to other currencies. I think there is no or very little effect of bitcoin price on other currencies. The choice is different for investment in cryptocurrency.

Even though bitcoin is the pillars of crypto world but still there are altcoins that never be affected with bitcoin fluctuations because there are altcoins that has its own trend by degree of importance and usage, but we cannot deny the fact that mostly workers in a crypto world is using altcoins to obtain bitcoins because we are all needing money.

Bitcoin really affects all altcoins in marketcap.As we all witness in the market trends that when bitcoin is down,most altcoins are also down.That's how important bitcoin as cryptocurrency.If there's anything we can do to support bitcoin, then we have to act now inorder for other altcoins to become more valuable in the market.

The impact of Bitcoin on other cryptos is huge. But there are always some exclusion from the rules. 10% of coins can bring you profits even when BTC is stagnating. Hard to find them though

bitcoin is the face of altcoin. when the bitcoin price falls, it will affect altcoin. Well, it can be said that bitcoin becomes a coin or foundation of altcoin, so it will have a hard effect on the price of altcoin, even ETH.

dominance of btc is between 35-40 % now so we can say that according to last year or last 3 months it is decreased. So that means it will have less effect in the future also.

btc always effect to altcoin,when btc change everything on the market change together BTC,it is not fair,the market need more coin can share effect of btc to market,now BTC is so strong with the rest of market

There is no way that we can deny this fact that bitcoin is the real backbone of the entire crypto market and that all other coins greatly depend on the bitcoin and that bitcoin’s market value does effect the reputation of rest of the crypto coins too. However, if you are going for altcoins, then you need to plan the things accordingly as you cannot hold the altcoins for longer period.

sorry to say but all those altcoins that think themselves above bitcoin have not survived or progressed a lot. However, if you are going to deny my words than with due respect and on a humble request, can you please name some of those coins. This will help us all in gaining profits during the bearish market too. Honestly, if have not heard of any potential coin that is good but does not copy BTC.

Well, we are still in the point where most traders and investors really works to earned money, so we can't deny the fact that they are just waiting for some increased and sell out when see the opportunities, so any movements coming out from btc will really affects the alts community, both ups and downs create impact maybe it will only change this way after the success of entire crypto community.

That's because bitcoin is the top of all crypto currency it is the backed up supply of all altcoins if bitcoin falls the price of altcoins will also fall and of course if it surge altcoins will also increase. Crypto currency is no different from fiat currency for example the price of dollar is backed up by gold. That's the same in crypto currency altcoin prices are backed up with btc that's it can never be replaced.

BTC effect altcoins directly or indirectly.Rumors and wrong news badly effect the market people going panic sell of BTC and when price of BTC fall other altcoins also fall down.Actually most of altcoins based on the BTC platform which effect the altcoins.

maybe your interpretation is correct when back in 2017, but for now it is different.

when Bitcoin rose against USD, then Altcoins also rose and so was the opposite when Bitcoin dropped then Altcoins followed down.

a little different again with Hardfork when there is Airdrop free for Hold coin A will get the B coin, as usual it will go up until where there is the end of Snapshot.

if the money dont go out of crypto, the rule is very simple ; prices of bitcoins go up then altcoins go down, but when prices of bitcoins go down prices of altcoins go up.

Nope i don't think it works that way dude. Alts would go up if btc can remain stable for a while. Bitcoin plunged by the end of december up to march this year and it took pretty much the whole market with it. So alts most of the time would rely on btc being quite stable.

The price of  BTC has an impact on the prices of alcoccines. But you need to understand such moment. It happens that investors sell BTC and cach out money from the market, then there are no volumes and prices are falling. It happens that investors sell BTC and invest in altcoins, then there are volumes of trade and prices for altcoins go up.

The correlation between btc and alts is very simple and it moves in cycles: when btc drops - alts drop, when btc goes on a bull run - alts drop. When btc is stable and trades sideways for a while, that's when we can expect alt season. There are always isolated exceptions and some alts will pump based on hype or news regardless of what btc is doing.

When BTC price is flying as high as possible, all altcoin will be dumped and people are panic with that situation then sell their altcoin to make it BTC, then they will sell their BTC brcause the price are high in $. But when the BTC price fall down, tendency of altcoin price will be higher to be pumped.

but sometimes even if bitcoin is being pumped, altcoin following to pump and some of altcoin getting higher. but I admitted that btc effect will give a chance for altcoin to getting down because people still selling bitcoin when bitcoin price is increase high. the bitcoin effect will makes people confuse and meanwhile altcoin is only following what bitcoin did.

Bitcoin puts a big effect on the price of altcoins. As we saw in the past months. Everytime bitcoin is down. All altcoins follow through. In the past months alcoins value depends on the movements of bitcoins value.

Definitely not an exact point here mate, there were some points that sometimes altcoins goes up its price while bitcoin rises very high. One proof that I remembered was last year's crypto price changes quickly while the price started to pump in bitcoin, and with my observations alts nowadays were more dependent also with btc's price.

I agree for your scenario that if bitcoin going down all altcoins follow, in my own opinion this is due to all alts rely  its price value  to bitcoin so what ever bitcoin price its either going up or down it affecte majority of altcoins price.

I think when price of bitcoin go unexpectedly high or low then the btc effect on altcoins when unexpectedly bitcoin price candle go to pump then all other coins down and when the price of bitcoin fall down unexpectedly then altcoin price also down that is the impact of bitcoin to other altcoins,

both can be very related when one goes down then both will go down and vice versa when the price down both will go down it happens because both have big enough users and many made a big investment.

Bitcoin is the king of all other altcoins and with movement of Bitcoin all other coins are effected that is way if bitcoin price go high then altcoin will effected and if the bitcoin price goes down than almost all market is showing the down trend,

Certainly Bitcoin has a huge influence on the altcoyins. But still important is the percentage ratio of bitcoin dominance to the alts.

Yes it is directly effected because when the price of bitcoin when unexpected go to up or down than all over the market go to the red zone and every coin price will fall that is effect of bitcoin on altcoins,

Each and every altcoin has got dependence upon bitcoin. When some fluctuation is experienced over bitcoin, automatically it gets reflected upon the majority of the altcoins. This is a common factor and most importantly altcoins were the support system to bitcoin. Altcoins make the network more strong.

Since the bitcoin have the biggest volume in the market. Bitcoin can control all altcoin prices. That's why there is always BTC market in an exchange. It is just like as ethereum and ICOs. If the ethereum goes down, there is also a tendency that buying of tokens are too long.
If the price is depends upon bitcoin, we can say that the altcoin moves toward a specific direction as what bitcoin has.

Indeed altcoins can be affected through the domino against bitcoin price fluctuations, but somehow it doesn't always mean that from time to time altcoins will just remain stagnant on its value. It has a good sense that every coins in the market will change its price faster than bitcoin when people who plan to do trading investment seen it more higher potentials pump to the much greater value.

Btc is the king of crypto currency so expect that the alts will just follow the bitcoin's performance.  Most of the time when btc increases,  alts increases too.  Keep on holding btc and alts until we finally see the profit from our holdings.

Yes. Bitcoin is the most special coin that has the power to create enough volatility to react on the market. In another way, bitcoin and altcoin have a harmonious combination of value and profitability.

Back then it was a lot easier to predict the price movement of altcoins based on Bitcoins, but right now its like the wild west. Previously, when Bitcoins go up, the altcoins all go down and vice versa. Right now, even if Bitcoins are moving up some altcoins are also moving up along with bitcoins. And in fact, since they are pegged in Bitcoins, if they move up the USD price of these altcoins go up exponentially. Just pretty much very hard to make a prediction nowadays.

Yes I have also notice that thing to happen when I first stared thing cryptocurrency thing. It started ehen the price of the bitcoins goes to the moon with almost 20k price and in that time all the altcoin too are increasing especially the ethereum they are rising too and when the bitcoins fall the etgereum also fall and so as the different altcoins those successful ones. They are somewhat related I think or it just all coincident because other people panic sell all of them.

Bitcoin is the birdge that connects to fiat and other altcoins so it has really gives a major effect everytime it goes up or down. Altcoins can sustain it's growth by itself because they are not established well in the market or still not proven it's worth.

The price of a bitcoin is very erratic alias fluctuate. This is certainly felt by bitcoin users and they have their own way to minimize losses resulting from the reduction of bitcoin prices

I think because almost all or even all altcoin users are bitcoin users, so whatever happens to bitcoin will certainly have an effect on altcoin, or is it true what you say that bitcoin is like a bridge, bitcoin is like a symbol for cryptocurrency, so when bitcoin has certain changes either up or down, it will have the same effect on most altcoins

Bitcoin is the largest currency currently in the world of crypto. With enormous strength and market share it will make Bitcoin a huge influence on other Altcoin. Altcoin prices can change easily when Bitcoin prices change. So the price of Altcoin can be said to be predictable in accordance with the price movement Bitcoin. This is like USD Dollar and Euro, it can affect other currencies very quickly.

Bitcoin is the most influence in cryptocurrency world, when the price is go highly, all altcoins will be dumped and fall on that condition, on the contrary, altcoin survive when the bitcoin price goes down. Because bitcoin is the heart of crypto currency and nothing can replace its position as the best crypto asset.

At this time market is very new and immature and because of that it easy gets affected by the moves of bitcoin. Most of the altcoins follow the moves of bitcoin so if it goes up they go up with BTC and vice-versa. But I am sure when a market will get mature we will see good moves in the market.

Yes ofcourse bitcoin could affect all the price of altcoins including eth and other because bitcoin is the king and the price of all crypto depends on bitcoin.

Crypto currencies are associated with one another and like bitcoin all the altcoin affected because if bad news came into the market for the bitcoin and people who have sell their crypto because of this news then it is a loss for us and all the crypto affect one another .

As I see it, Bitcoin price has a great effect on the cost of the other altcoins. When BTC is falling, the whole market is dowing down. And when it grows, the crypto is gaining.

No, man - this situation USED TO BE. Now, it is quite different. With the growth of Bitcoin, the other altcoins start to gain and run ahead very fast. Now, all the cryptocurrencies are connected, as I see it.

The idea that bitcoin rising leads to altcoins falling is an unproven hypothesis, it is something that traders have noticed, but due to the various flaws in human observation, we cannot say for certain it is true.

There is one connection, when bitcoin is rising that's mean money is being pumped into it, money comes from alts, people are cashing from alts and they are buying back bitcoin. Money has its flow and its normally that market is affected by traders decisions, I mean masses. Today everyone wish to sell on top and buy back in bottom, how can market react on that money flow? With fluctuations of course.
Bitcoin has impact on alts price, when bitcoin rise prices of alts in fiat also rise. Bitcoin is the main mean of exchange for many alts and tokens.

This was a happening once but not now. Right now these both are just moving side by side. Whenever prices of altcoins are down, but coins are down in that scene too and same in other case. If you want to take some evidence so you can check the prices of altcoins in last three to four months. They are down alongside with bitcoins. These both become the fantastic world out there.

Bitcoin is the main coin and the price of most altcoins depends on it. If bitcoin falls, then he drags the entire market down, and I also think that bitcoin will eventually grow stronger and gain weight, and many funds from altcoins will flow into bitcoin!

Of course Bitcoin effects on all altcoins. Because it is a main cryptocurrency of the market and basis cryptocurrency for almost all altcoins trades. That's why high level of correlation alt coins with Bitcoin is natural.

It is an interesting comparison - I have never thought about it. What I know is that now, Bitcoin is growing, and altcoins start to gain. They are connected.

when BTC is in the acceleration phase or Bitcoin rally. Altcoin prices are falling down

Bitcoin is the pillar of cryptocurency and what ever movement bitcoin had, it also drags or pull alt coins price as bitcoin is the main reference of alt coins price.

You will come across so many people who will try to co-relate bitcoin with that of the altcoins by saying that there is some sort of indirect relationship in between both the coins and that both the coins have some negative effect on each other. However, there is nothing like that and that all the crypto coins are independent in nature and that bitcoin market value hardly effects the market value of the altcoins.

you can see what is the btc effect on altcoin in many exchanges because when bitcoin price is down and it's down since yesterday and if you check the market, almost half of the coin is following bitcoin to get down. I think this is only for a moment and the price will back to the position before because this is happening in many times so actually we don't have to be panic since we have this experience in a month ago.

In my opinion Bitcoin can and cannot affect alt for two reasons. First, both are different technologies and have nothing to do with each others. They offer different services and have different profitability and return in the market. The second thing is that Bitcoin being a standard is use to measure alts.

I say that because alt is a technology that stands in front of Bitcoin in a monopoly type market. If there occurs a fall in the prices of Bitcoin and not in that of alt, people shifts their investments to Bitcoin which were initially intended to be invested in alt.