Bitcoin Forum

 I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

To reduce the price of bitcoin at this time is much followed by the decline altcoins and I think that's what is happening right now, and maybe because altcoins always follow the bitcoin price.

All the altcoin are depending on bitcoin because the Bitcoin is a large Blockchain and all the altcoin will be following it. So if the altcoin price depends on the bitcoin.

Because most of us use bitcoin to exchange for altcoins. So the real value is bitcoin, when bitcoin price goes down, you lost money and buy with cheaper price.

Nothing different, when Bitcoin up altcoin also keeps it down.
because the value of Bitcoin is very high and becomes the standard for altcoin exchange. and unfortunately many people are spreading the negative issue to lower the price of Bitcoin.

Because Bitcoin is very powerful and really important to the crypto market. In addition, bitcoin is a measure of the increase or decrease of altcoin in the market. When Bitcoin falls, the altcoin value will move down and vice versa. It is like a harmony in an instinctive connection.

When Bitcoin prices go down it can affect the prices of altcoin and when Bitcoin increase it can affect also the altcoin prices the mother of all coin is Bitcoin it can affect the value of all coin.

bitcoin is the benchmark of all second and third generation altcoins, if we give the name of the bitcoin as first generation cryptocurrency, so all subsequent doses of altcoin are Bitcoin, if the bitcoin falls then the coin of another person also goes down. but there are also some coins whose price rises if the bitcoin descends, cryptocurrency or altcoin stand-alone type, usually the coin has its own price without bitcoin relevance, although we can change the market into bitcoin form when trading.

because bitcoin lead the crypto market, dominance of bitcoin so big, when value of bitcoin down, the whole market loset hope, all of alt coin down value is understandable

It really because there's a fact that the behind of all movements of altcoins is only base or depends from the movements of Bitcoin which is unfortunately when the value of btc will fall, the value of altcoins will be fall also.

Because bitcoin is the benchmark of all the cryto money. if the bitcoin price drops all altcoin prices are down if viewed from the price to real ang or dollar, but the decline in bitcoin prices may not necessarily affect the price of altcoin in exchange for bitcoin.
Maybe this is one of the reasons.

The very simple answer actually is " The Bitcoin is the King of crypto, and the altcoins are those following. So, what happens to BTC will happen to most altcoins. That is the simple answer. however, basically, the trust fro investors to BTC is very high. therefore, when the price is dropping, the investors also feel worried of the altcoins and they sell the coins widely that can lead the dropped altcoins. Additionally, many people still consider that BTC is the guidance of success of the crypto.

Because the price of altcoin still used the price of bitcoin as the main pegged to determine its value. If the dollar price of bitcoin goes down and then altcoin will be automatically following it. This is a correlation between altcoin and bitcoin but in this case, bitcoin has a lot of domination to the altcoin itself. Look at the bitcoin pair is available on the every exchange site.

in easy it is certainly because of the bitcoin is the first crypto and this became the reference for another altcoin. bitcoin well when going up and down then altcoin will also soon followed in the footsteps of Ascension and descents. However but just hope altcoin will not be forever like that. like the ethereum that should be growing your own and not following bitcoin.

Bitcoin number one on the list is crypto currency. We do not exchange altcoyins for money, but first we translate often into it. At the moment they are interrelated. All the market hits hit the bitcoin, the altcoyins are weak so long as they survive and just follow the pope.

I think so because I know if the bitcoin down altcoin will also go down because the two altcoins are mutually altering then altcoin follow the movement of bitcoin and so I am sure Bitcoin will be stable again and can be good for the future,

sometimes you shouldn't really look for reasons in the altcoin market because there are none. although there are some theories around and i have one of my own. the important thing to know is that when bitcoin goes down, altcoins go down with it and most of the times  they get dumped harder.

my theory is that when bitcoin drops, every trader moves back to bitcoin and leaves altcoin market behind. this means they either dump their altcoins to have bitcoin/fiat ready or at the very least they cancel their open buy orders on altcoin markets which means altcoins lose a lot of buy support and with the dump that is happening they crash harder.

Everything is pegged to Bitcoin, just like other world currencies are pegged to the US dollar. Also when Bitcoin goes down it is primarily whales and profit takers and panic sellers selling off both Bitcoin and cryptos, so when the general market cap falls then everything else falls with it. I see this over and over and as we are in a bear market for six months in a row, we should see further losses happening. Only gains are made if a coin has very good news and people then buy into it and it rallies against Bitcoin.

I think there are 2 main reason:
1st: all altcoin have the ratio value with btc altcoin/btc so btc down, altcoin down
2nd: btc down, many people dont believe in crypto market so they panic sell all the coin they have which make the price down

It is due to trade pairs. All the altcoins have trade pairs with bitcoin which means that when bitcoin is falling, there is not enough trade being done on those coins either because not a lot of people are buying bitcoin so the prices of the altcoins fall along with the prices of bitcoin. Bitcoin is what gives the altcoins their value

Because the recent negative news is affecting the entire market, and the largest amount of funds on the market is Bitcoin, its selling and buying can easily affect the market!

Altcoin is measured in bitcoin, so when bitcoin is reduced, the altcoin decreases. But sometimes there are the opposite.

the simplest example to explain to you is, because bitcoin is the reference of all altcoins present. the market has tied the bitcoin as the king of all crypto.
and altcoin trade and investment always involves bitcoin

That's because bitcoin becomes the main coin and becomes the standard exchange for altcoin. Thus, rising and declining bitcoin prices can be an effect on altcoin prices.

because I know bitcoin is the parent of all altcoin, and so altcoin follow its movement and if bitcoin down altcoin will go down because altcoin follow the movement of bitcoin because I know these two altcoins need each other and I do not know what will happen if bitcoin without altcoin

because altcoin prices also follow bitcoin prices, we all know each altcoin always has a pair with bitcoin, so the effect that followed also follow from the trading pair and also usually often a few people who like to dump those altcoin. that's will make altcoins price going worst.

i think that was not for all altcoin, i mean there's still a few of alts that keep stable or even going up when btc keep in red stats

Well that's no answer to the question. Bitcoin's price went down, because the Us Justice department decided to make an accusation in price manipulation. I don't think it's the case, but those friggin' newbies don't care, they just see the bad news and sell their coins rightaway. Now, when that happens, people tend to think that altcoins will be doing even worse, so they sell them more in hope that bitcoin will still survive. That can be seen if you look at the btc dominance on the market and its dynamics.

It is because bitcoin price is affecting overall cryptocurrencyprice level, it cant be that bitcoin will plunge, and alts will go up

Thats how bitcoin works they are like together as one if someone on them in the top has drop it value or the price on the market someone also takes an effect to go down also. bitcoin is like a mother that give birth to them and they are like twins if something happen to one of them will also take an effect like the other one.

maybe because theyre also relying also in the price of bitcoin.but as far as  i know some altcoins dont go down even the price of bitcoin is dumping.maybe some altcoins also dumping because they do also panic selling when bitcoin is down..or maybe they sell altcoins to buy bitcoin because its in the dip price.So i therefore conclude altcoins are not affected by the prices of bitcoin..maybe its on the demand of altcoin.

currently bitcoin is like the parent of all altkoins, when bitcoin down altkoin also follows down, as well as when bitcoin rises. I think bitcoin is like a benchmark of altcoin.

Another coins going down for some reasons. but mostly  people in accross the world, This matter will be solved by

My opinion on the matter is. Bitcoin is the largest cryptocurrency, and it affects the whole market, at least for now.

bitcoin is the parent of altcoin, so bitcoin prices greatly affect the price of altcoin. if the bitcoin price drops then the altcoin price will automatically fall as well and vice versa if bitcoin prices soars, altcoin prices will likely also rise, depending on the developments of each altcoin.

Because the value of bitcoin is always a measure of success and opportunity for higher profitability than altcoin. Therefore, when bitcoin prices go down, many investors have sold altcoin to buy bitcoin. This makes the market more balanced.

There is same in the movement of price when it comes to bitcoin and altcoins because altcoin supported by bitcoin and it affects it. Instead of having a problem on this dip try to invest and use this opportunity to have huge amount to hold and wait for the good price. There are also some corrections on altcoin why the price decreases.

What you said is correct and one more point is that , We cannot sell or use other altcoins for any purchase or convert them to fiat currency so for that we have to sell the altcoin to bitcoin and then only we can get benefited. So that is why all altcoin are priced in bitcoin.

Because the entire market was in a bubble and it is still making market corrections. Coupled with the BTC Futures market this extends the length of the bubble as the manipulation and downward pressure is of institutional proportions.

Altcoin stands for “alternative to Bitcoin” and is used describe any crypto currency that is not a Bitcoin. If the price of Bitcoin is falling then altcoins usually goes down too. :)

Because all altcoin will be converted into bitcoin. So if the bitcoin price falls, then other altcoin prices will also decrease. I can say that they are a unity that needs each other. More precisely, you can see the opinions of the masters. Because I also still not very understand as other participants.

So here is logic, this is the market and the most popular currency controls it as in a bank dollar, all prices are based on the top 1 so here is an explanation for you!

This is because people are beginning to fear and withdraw their money from exchanges. In the same way, large traders sell their coins with a view to re-purchasing at a more favorable price.

This is a common occurrence in the cryptocurrency market and this trend was observed almost always due to panic and fear. Nothing new at all. The entire market is clearly correcting itself, but it won't go on forever. I suggest HODLING all your coins and tokens since I am expecting the market to rally soon sometime in June which will most likely help Bitcoin and majority of the altcoins rise significantly in value.

Because the main cryptocurrency is bitcoin so if the mother which is btc been negative in the market all thier sons/daughter will also feel the same. But not all just nost of it.

Well, everything is falling because bitcoin is reduced. The vast majority of cryptocurrency bitcoin is dependent. But the Ethereum, I don't even know how the leverage on him was found that he started to fall. I personally have never seen it fall.

Now this isn't surprising. There is a strong direct correlation between bitcoin and most other coins and tokens. Bitcoin is falling, altcoins are also falling. However , when bitcoin is growing strongly, altcoins are falling, too ( as there is an overflow of investors altcoins funds in bitcoin). Over time , when the market "matures", the connection won't to be so strong. Already now some coins demonstrate this-for example, ETH and NEO, EOS.

When Bitcoin's price increases, altcoins' prices follows. When Bitcoin's price decreases, the price of altcoins follows as well. This is happening because the price or value of all altcoins out there is linked to Bitcoin and not to fiat. If you could notice in all exchanges they have this so called "Market". Let us take ETH for instance. If you want to buy/sell ETH in BTC Market (ETH/BTC), the price is in terms of BTC (i.e. 1 ETH = 0.1 BTC). So if the value of 0.1 BTC now is $700 then 1 ETH = $700, after a day the value of 0.1 BTC went down to $600 then the value of 1 ETH would be $600 as well (saying that the conversion factor of 1 ETH = 0.1 BTC does not change).

This is well explained answer. This is correct. Since altcoins are linked to Bitcoin then the price of altcoins depends on Bitcoin. Bitcoin is the cryptocurrency that has a direct conversion to fiat (other major coins are also convertible to fiat directly, however, they are also connected to Bitcoin so Bitcoin is the main catalyst here). I think there is no more info to add to the above's instance, as it is a self-explanatory instance (in my perception).

It is obvious that the market value of any of the crypto coin cannot rise higher all the time and that there will remain some fluctuation in the market value of almost all the crypto coins because of the volatile nature of the crypto coins. Bitcoin surely does have an impact on the rest of the crypto coin as it is the backbone of the entire market and the downfall in its market value effect other coins as well.

We can consider Bitcoin as the founder of the altcoins. It is the first one to resolved issues with the cryptocurrency. Altcoins are the by products of Bitcoin so they rely heavily on its status or value. This is the reason why the altcoins price go up or down just like bitcoin.

This fact can bring the happiness, unfortunately, it’s possible. The main reason for this is altcoins’ ‘addictions’ to BTC because BTC is a crypto-market base.

Because BTC is the king of the Crypto market, they are the main coin and all the altcoins when converted into cash are converted into BTC or ETH, so when the BTC falls, all the other coin drops. according to the.

Because they are  depend on each other. And current situation shows us that the dip has finished and restoring is taking place now, so prices will increase.

if I think the altcoin price depends on the bitcoin price as well. because bitcoin prices make the altcoin price benchmark because bitcoin is the parent of all coins altcoin

Probably because altcoin price refers to bitcoin price and again this bitcoin is the parent of all altcoin so it is reasonable if bitcoin price falls will greatly affect the price of this altcoin

I think this discussion there are many members here who give understanding to you. but maybe you do not really understand, the core bitcoin is crypto for the benchmark of all trade and investment. and so also with the market, the market is heavily bound to bitcoin over time and will continue forever as long as no altcoin can compete.

Well ofcourse when bitcoin is down so do most of the altcoin why? Most of altcoin depends on the price of bitcoin how it happened? When ICO period the mode of payment for ICO is buying thru BTC as payment, ETH or any major altcoin. But the commonly used is Bitcoin this is why when bitcoin is down they will also go down.

Because the whole market is closely connected and depends on bitcoin. In addition to this, almost all altcoins are traded on the stock exchange in a pair with bitcoin, which also entails a decrease in the cost of altcoins when the bitcoin prices fall.

because bitcoin is the biggest coin that can affect the price of altcoin and can be said bitcoin as the leader of all coins

All the Altcoins are in direct dependence on Bitcoin. Many large investors and traders are moving to Bitcoin when there is a general drop in the market.

Whenever bitcoin price goes down, people panic, that is also the reason why altcoin price goes down along with bitcoin price. Some might be selling their altcoin to get more bitcoin just before altcoin price goes down. I cannot find any other reason why altcoin price goes down aside from these reasons.

Due to the fall in Bitcoin rates, the altcoins also decreased as a result of the influence of the coin on the remaining cryptos on the market. Whenever the exchange rate of BTC falls, it is evident that many investors sell BTC, which in turn leads to altcoins also affected by the association with altcoin / BTC and altcoin / ETH. So it is not difficult to understand that altcoins rates depend on BTC.

It is actually very simple, most of the altcoins are mostly traded with BTC pair, so there actual price stays in satoshis and not any FIAT value.
Now, suppose an ALT is worth 500 satoshis while bitcoin price is USD 10K
After few months, the ALT is still worth 500 satoshis, whereas the bitcoin price comes down to half, i.e USD 5K

This will make the ALT price is FIAT come down by half as well, as even if its still 500 satoshis but the satoshi value is now half then what it was previously.
I guess, there is no way to simplify this.  ;D

I think the Altcoin price follows bitcoin. Bitcoin is the head of the cryptocurrency, If the head is not being well then I don't think Altcoin will be being well.  Altcoins price depends on bitcoin. You can see, if bitcoin price ups again, Altcoin price will up too. So, this is why Bitcoin called the base of the crypto platform.

That is the manner by which bitcoin works they resemble together as one on the off chance that somebody on them in the best has drop it esteem or the cost available somebody likewise produces a results to go down moreover. bitcoin resembles a mother that bring forth them and they resemble twins if something transpire of them will likewise produce a results like the other one.

I can say that because bitcoin really depends on coins, because it's the most powerful coin today so what's the market's estimate is the same with other coins.

yes indeed altcoin prices always follow bitcoin prices, this happens because bitcoin is the biggest blockchain, and all the average exchange sites dominate exchanging with bitcoin. so when a lot of people are exchanging altcoin to bitcoin, bitcoin will be down and altcoin will also follow it.

because altcoin always follow the movement of bitcoin so if bitcoin price decreased then altcoin price also decreased and until now even bitcoin price has not come back either just up and down and I hope if bitcoin price will soon return and can be profitable because already many people who invest in Bitcoin this

The correlation between altcoin and BTC is directly proportional where all alts depends on the sentiments of Bitcoin. When BTC down, all alts will follow. When BTC rise, all alts will temporarily down and eventually catch up with BTC.

That's why you need to know the position of BTC before making any trades, it will be your hint to what might happen next.

I can't highlight this part enough. Historically altcoins performed the best when BTC was going sideways.

Bitcoin is the king of cryptocurrencies, and his value directly affects the trend of the entire market. All altcoins are produced by imitating bitcoin, but over time, I feel that their relationship is interdependent.

yes that is the basic formula of the bitcoin world that you must understand. that way you can take advantage of the market situation, if the market price falls then you should immediately buy and save in the long term. do not hesitate in holding bitcoin.

basically, Bitcoin is the first and most superior coin in the world of cryptocurrency. surely, the price of bitcoin become a reference for other coin prices like altcoin. but there are some altcoins that not referring to bitcoin prices. it's reasonable if the altcoin prices follow bitcoin prices.

I think the basic formula of the bitcoin world that we must understand. In this way you can take advantage of the market situation, when the market price falls on then we should immediately have to buy and save it in the long term. you must not hesitate in holding bitcoin.

While that is true for some Alts, it is not true for all Altcoins. There are Altcoins that their prices go up even when Bitcoin price is down.
There is hardly any rule in this market, hold quality coins and do not panic sell.

Look, this is a general rule for alts and bitcoin :
bitcoin price up --->alts down
bitcoin price down ---> alts down
the only scenario where alts go up is when bitcoin price stabilize at high price , only then money move from bitcoin to alts and thus price go crazy.

I don't know why, since I started investing in the crypto money market, the trend of bitcoin will affect the trend of all tokens, which is a very mysterious phenomenon. ;D ;D

Most of the people follow the price of bitcoin to invest on the crypto currencies so when the price falls people won't invest that much so the demand will get lowerd also the prices.But there is no need that this will happen always because lot of time the prices of some altcoins will sky rocket when the price of bitcoin is falling.

that is because some altcoin makes bitcoin values as benchmarks for example ETH/BTC, XLM/BTC, BCH/BTC. So when the bitocin price drops it is a sign of decreasing demand and it will also cause the demand on altcoin to decline this according to market logic. Some argue it is due to coincidence only because in fact the cryptocurrency is self-contained, and I see when bitcoin price drops there are some altcoin even up.

I am looking for the development of the present at this Altcoin affects the price of the basic Altcoin. so with the presence of the Bitcoin experienced price reductions will not affect the price of the basic Altcoin. so Altcoin will still be able to generate the high price even though the position of the Bitcoin is low.

Hello, I think that bitcoin is the main crypto currency at the moment. and when people feel fear and they sell altcoin for bitcoin and then sell bitcoin. the price of altcoin depends on the price of bitcoin. and when people come out of the crypto currency they destroy the price of bitcoin, and in the double they kill the price of altcoin.

To the best of my knowledge, I can only say that, most of the altcoins have their equivalence to bitcoin, thus, they are more of dependent on the market price of bitcoin. Besides, people trade or set some prices for altcoins based on the prices of bitcoin and eth. A good examples are altcoins built on the ethereum blockchain. Eventually, if the merket prices of eth goes down, it will affect those coins directly or indirectly.

This is a normal phenomenon, but it is currently the case. The entire cryptocurrency is dependent on Bitcoin and they will become worthless if they leave Bitcoin.

Down and rising bitcoin or coin the other is not an oddity. someone can get a huge profit also can get a big loss when making decisions in terms of crypto investment. keep calm to avoid big losses. you will find the bitcoin price below than when you decided to buy but I am sure a time will go back up.

because every bitcoin decreases Altcoin price always follow its movement and as it is now Altcoin price also decreased following bitcoin movement because bitcon has decreased a few months ago hence even though bitcoin price decreased a few months ago and finally now Altcoin always follow its movement

This is a very simple reason, because altcoins are usually exchanged with BTC, and when the price of BTC rises, altcoins are too late to keep up, then altcoins is depreciated relative to btc.

Bitcoin still totally rules the market so if Bitcoin drops then the alts will also drop however if Bitcoin rises the alts may still drop rather than rise with it. It's a phenomenon that over time you get used to so a likely rise in alts will only come after a sustained rally in the price of Bitcoin.

Because the price of altcoins is connected to the of Bitcoin. When it down alts also down. Hope it will rise very soon again

I think if you can see on every market, you can check the altcoin prices now is increase and many of them reach the highest price because of bitcoin still in the high price now. but if bitcoin is down, I think there is still a coin that can increase higher because they do not depend on bitcoin movements and they can move up and down by free. but yes, all altcoin is made the adjustment from bitcoin price and if bitcoin is going to down too deep then all of the altcoins can get down too deep too.

because bitcoin is still the price standard in the crypto market, because bitcoin is the biggest blockchain. so when bitcoin goes up, altcoin will follow it.

This happens because bitcoin market cap overshadows all other cryptocurrency and also the fact those most cryptos are paired to be traded against btc directly so the price movement of btc always affect alts

It seems that you still don't know the meaning of Bitcoin in the cryptocurrency market. You should learn more. Bitcoin now represents the entire cryptocurrency market price.

little do I know that's why because bitcoin is the main currency and there is interrelationship with financing between bitcoin and altcoin that is why bitcoin price influence altcoin price

This time the altcoin market has crashed much higher than that of the bitcoin. As the value keeps on counting, the dominance of bitcoin kept increasing. Recently it was found little away from 48.5%, and the ethereum, and other cryptocurrencies has gone down to 15%. Hopeful involvement will leads with success.

This is a normal trend! Bitcoin is the leader of the cryptology, and at the moment the altkokins follow the bitkoy! I hope that soon everything will change, and the altcoyins will break away from the bitkoyna and stand up!

since the first time i has been working with crypto btc was the big father with controll all the prices.
i think this is not so bad as it sound like.



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quote author=borjois56 link=topic=4288847.msg38577270#msg38577270 date=1527306345]
 I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.
[/quote]

the fact that Bitcoin has become less interesting to users of crypto currency, is already visible to the naked eye. Apparently, many investors have already turned their backs on Bitcoin and bet on altCoin, including on the etherium. Probably it's time Bitcoin is already passing.

Bitcoin paved the way for alternative coins(alt coins) and its kinda sets the trajectory for them and it indirectly determines what their place is. Alts price movement are dependent on that of bitcoin.

Bitcoin is the base crypto currency of this crypto market and all the other coins always follow the same trend of bitcoin. I think most of the coins are traded in satoshi form and whenever the price of bitcoin fall down then value of satoshi is also fall down. and we see this downfall impact on all the other altcoins and say that all the market is fall down due to bitcoin price fall down.

Yes the price of altcoins are indirectly proportional to the market situation of bitcoin and if there is a pump in the value of bitcoin then the value of altcoin increases and vice versa. Bitcoin play major role in shaping the future of these altcoins.

We all know that now everything is in bitcoin depends on the bitcoin and on how he can function at all. So obviously any fluctuation of bitcoin gives a reflection on the rest of the cryptocurrency.

How strongly related is altcoin value to bitcoin price?
It is strongly correlated from what you see in the data trends. Let’s explain the basics then throw some examples.

Simple math, ALT/BTC ratio would decrease if:
- ALT coin’s value drops (i.e. people are selling the ALT coin or trading it for BTC or other ALT coins).
and/or
- BTC value increases (i.e., more demand for BTC from various accounts including USD and ALT coin conversion)

Similarly, ALT/BTC ratio would increase if:
- ALT coin’s value increases (i.e. people are buying an ALT coin by trading BTC or other ALT coins).
and/or
- BTC value decreases (i.e., BTC is cashed out for USD or other currency or traded for ALT coins)

Because Bitcoin is the leader of all currencies, Bitcoin is very important for encrypting the world. Bitcoin will drop all currencies, and all currencies will rise with bitcoin. Altcoin will always follow the footsteps of Bitcoin.

Bitcoin is main and atcoin is part of bitcoin, when bitcoin raised to higher price altcoin will going to higher price, but when bitcoin is down altcoin will be lower price. always this moment happen on bitcoin and altcoin, both of them have connection how their price is going on. Just save your altcoin when bitcoin have lower price and sell when bitcoin is higher.

Why all atcoin prices go down when bitcoin is going down? I think it is because of the dominance of bitcoin in this crypto currency world that's why the prices of other altcoins go down. The bitcoin has a big influence when it comes to the prices of all tokens/coins in crypto.

Because Bitcoin is the leader of all currencies, this includes altcoin, all bitcoin falls all altcoin will fall along with it, all currencies are closely following Bitcoin's footsteps, the power of Bitcoin is incalculable, and Bitcoin is also Unsurpassable existence

The price of cryptocurrency can vary depending on various factors, and bitcoin, most often, is what the whole market depends on. I think it's because bitcoin is now one of the largest cryptocurrencies on the market

because Bitcoin is the parent of all Cryptocurrency, you can see the chart before in coinmarketcap, then everything is the same as Bitcoin.

when you trade every day then I suggest to be more careful because now the market is down trend.

Altcoins price can vary to bitcoin price because, bitcoin are the center of all currencies which are all altcoins followed to bitcoin if bitcoins price are down all altcoins are also down and now a days in cryptoworld are playing rise and down when it comes to the price is just happened.

they have a close relationship in which they affect each other in value and price.
You can see all of them in financing market which is affected by environment and international economic.

This is normal. You may not know enough about Bitcoin. Bitcoin is the only coin that affects the entire cryptocurrency. It represents the entire cryptocurrency market.

the price of bitcoins is falling, the price of altcoins is also falling - because altcoins depend on bitcoin.

You only think that bitcoin just became one of the largest cryptocurrencines in the market? Bitcoin has been the biggest crypto market and these alts are dropping low because of it.
If you're an altcoiner and most of your portfolio are into it, you're one of the most affected investor because you are into alts.
It is not just because it's now the largest crypto in the market, it has been the largest since before.

Because of the fall in Bitcoin rates, the altcoins likewise diminished because of the impact of the coin on the rest of the cryptos available. At whatever point the conversion standard of BTC falls, it is apparent that numerous speculators offer BTC, which thus prompts altcoins additionally influenced by the relationship with altcoin/BTC and altcoin/ETH. So it isn't hard to comprehend that altcoins rates rely upon BTC.

because all of Altcoins' finances are backed by Bitcoin.
if you are familiar with Altcoins finances listed on coinmarketcap then you understand the current state of Altcoins which is very dependent on the price of Bitcoin.

Unfortunately till today Cryptocurrency market still dominated of Bitcoin, the market reacts each time Bitcoin moves, the flow which is happening right now is just a same pattern last year when btc dropped alts dropped as well, the support for every alts still few and traders who have a good knowledge understand that market will be healthier again when Bitcoin start to rise high again.

Since Bitcoin is intense and extremely essential to the crypto showcase. What's more, bitcoin is a measure of the expansion or reduction of altcoin in the market. At the point when Bitcoin falls, the altcoin esteem will move down and the other way around. It resembles an agreement in an instinctual association. They both work as an inseparable unit.