Bitcoin Forum

I have been wondering within myself why does this always happened?

Any time the price of bitcoin drops the price of other coins also drops.  Is this something true?

Or maybe I am the one making a mistake here?

If I am right, then what is happening?

Why is the price of bitcoin inversely or directly proportional to the price of other coins?

the only possible thing is the crypto market was getting attacked by a lot of people especially from wallstreet. Man i should say that the bitcoin price was gradually down due to the various reasons. Some time it has been being manipulated by some person and the bad news has made the situation even worst to the bitcoin.

I agree with you @marks1976, but that does not take my question away. Why is it that when the price of bitcoinBTC drops all other coins price drops too.
Bearing in mind that they are on different blockchain

Yes the price of BTC affects the price of ETH but mathematically that's not means a directly proportional its price nor inversely proportion since there are times during crash of BTC price of ETH was remained and there are times  that the price of ETH increases while the price of BTC remain the same .

Because bitcoin is the leader of the entire cryptocurrency market, it affects the prices of most altcoin.
So when bitcoin goes down, people also sell Altcoin, and when it goes up a lot, people exchange it for bitcoin.

Well said, but most of the other coins have different blockchain and totally different from bitcoin. That makes my question still open, what is the relationship between the price of bitcoin and other coins?

Bro it is not that simple, sometimes the prices move together and sometimes in opposite direction, you can never predict this accurately, i think if the bitcoin's volume, price and dominancy are increasing aggressively like we saw in last bull run only then altcoins are inversely effected.

Good observation mate! You did well and I commend your effort for this beautiful post. I’ve being observing this for a long term too but I believe Comrades would drop analysis here. Thanks

Am not that familiar with the prices of token but the little knowledge i have is that, there prices might coincidentally fall at the same time and rise at thesame time..it is not certain

Simple analysis, because in the great majority the holders of Bitcoin detain altcoins, so when the price of the same falls becomes an opportunity selling other altcoins to acquire more Bitcoin. Let's say it's a cycle, so in the high altcoins prices rises generating another opportunity in the downfall.

That's true, you're not in mistake for observing that fluctuation.

Most altcoins are in need for bitcoin before purchasing in exchanges so that's how can you figure it out why, they are also affected when bitcoin is going down. Before it was not like this, my observation is when bitcoin pumps, alts are down and vice versa.

This is really not true. There are several periods where the movements on the Bitcoin price influence most of the market, meaning that, for example, if Bitcoin falls, everything also falls. The same holds usually true: if Bitcoin price spikes, this brings many other altcoins up as well. Not inversely proportional, in general.

This may change in the future, as Bitcoin dominance is reduced (not because it is less important, but because other altcoins will grow their dominance).

Yes, when the price of bitcoin or ethereum price change, and so as the altcoins price rate changes. Take a look at the price reference of our altcoins, it is based on bitcoin and ethereum price. So literally speaking, when the bitcoin price dumps, so as its price in the altcoins. But as you see the price of the altcoin for the bitcoin and ethereum price reference didn't change, its just the current rate of ethereum and bitcoin changes.

I also noticed that, whenever BTC price go down so the other altcoins will be.  I think BTC has an impact for all the altcoins, im not just quiet sure. Is this just coincidence or they are really inversely proportional.

Most altcoins follow the price movement of bitcoin, but there are some inverse altkoins, which I know like MTC, when bitcoin drops, MTC coins do not come down

I think your opinion is correct because of all the existing altcoin refers to bitcoin prices,
because bitcoin is a benchmark of altcoin price,
and bitcoin is the first altcoin and it is very appropriate if bitcoin becomes another altcoin benchmark,
and yet nothing has exceeded the price of the bitcoin price.

I do not think it is because I know that if Bitcoin rises altcoin high prices it also rises because these two altcoins need each other, and why the bitcoin price is inversely proportional to another altcoin because Bitcoin is the mother of all altcoin and if all altcoin prices are equal there will be no altcoin which has more growth like Ethereum

I think most of the time the price of bitcoin is proportional to the price of altcoin.
Because when bitcoin goes up, all altcoin goes up.

When the bitcoin price are dropping many people are sell their altcoins to purchase more bitcoin that's why the altcoins price are also decrease, it is my personal opinion. But that does not always happen, sometimes there's an altcoin are still increase while bitcoin price decreases.

The price of all of the altcoins closely follow the price of bitcoin that is why you see that when the price of bitcoin goes up, the price of all of the altcoins go up, and when the price of bitcoin goes down, then the price of the altcoins go down. This is mainly due to the fact that there are trading pairs of all of the altcoins with bitcoin so it affects their prices a lot

There used to be inverse proportion but not now. Currently there is completely direct reaction between all the altcoins and the bitcoin. The relation is however proportional to the whole market cap because whenever there is drop in the value then there is always money is being taken out of the total market cap and not just the single bitcoin market cap. My understanding tell me that, when bitcoin is dropping then people try to sell off everything they have on the alts as they will convert it to the bitcoin when it will drop. Thats the after effect of whole thing and nothing else.

You have answered well YOU SAID BECAUSE THEY ARE
This is not going on well for Altcoin, so how can we turn this around?
How can we free Altcoin from this bondage?

That kind of thing does not happen. Vice versa the market will rise and fall together, that had happened mostly in the past years.

This is becoming very interesting now. 
Can we then look at creating an autonomous system that will not depend on bitcoin?

I say this is the majority that almost all altcoin will have the value which is proportional with bitcoin. When altcoin up bitcoin also rises and vice versa. the reason it is certainly because of the bitcoin system that many other altcoins so they imitated programme-on the value of bitcoin.

If there is something that I have learned from this discussion, it will be that altcoins are built on bitcoin technology or they pair with bitcoin and as such their price are affected when bitcoin price is affected.

So we need another technology that will be independent of bitcoin
What do you think?

Yes, the whole market depends on bitcoin price... All alkali stretch in the direction in kororaa moves of the bitcoin. And while Bitcoin is the main cryptocurrency, it will be so...

Some coins are depending on the USD value (or any other fiat currency) at least in the ICO phases the price in some icos is determined by the price of USD
Bitcoin is so volatile because of the supply and demand.
Many people are eager to sell their bitcoin because of the panic that causes by the news and FUDS.
If holders are more on holding and letting buyers buy it at their price BTC price will rise really high.
This is the best thing to describe how bitcoin price is always moving.

So why does this rise and fall in the price of Bitcoin affect other coins?

Due to Bitcoin dominance, majority of the alts are traded against it.

Yes. I have always mentioned it that there is some sort of connection between the price of bitcoin, and that of altcoins. The thing is whatever happens to bitcoin practically happens to the alts too, and this is why a loy of persons believe hat the death of bitcoin would as well lead to the death of altcoins.

It is because the altcoins all have trading pairs with bitcoin so as long as the price of bitcoin moves then the price of altcoins will always move proportionally along with bitcoin. The only way would be to take off the trading pairs with bitcoin and no coin can do that since they would be taking a big loss in the process.

it does not have to happen, sometimes the price of Bitcoin rises while the price of Altcoin falls. short words about Altcoin. Altcoin will rise if Bitcoin prices are stable. that's a bit of my knowledge about the rise and fall of Altcoin prices

It kinda depends on the market. Couple years ago when bitcoin went up usually the altcoins went down, not went down in usd prices usually, that standed still however the value against the bitcoin went down because bitcoin prices went up. However during last year when ethereum was just 10 or so dollars and bitcoin went up everything else followed, ethereum became 150+ or so and most other coins went up like that too.

So while bitcoin was going up other coins were going up double because both bitcoin and dollar value increased. However recently once again prices go down when bitcoin goes up like old days. So it depends on the market situation if alts will go down or go up when bitcoin goes up.

Most of the times yes. All of the altcoins follow the price of bitcoin most of the time but there are always times where a coin seems to move individually from the price of bitcoin due to pumps and dumps in the price of the coin so there is that but due to all of the trading pairs that the coins possess with bitcoin, the price of bitcoin is always influencing the price of the altcoins

So far the answer is yes. I mean all of the market goes up when the price of bitcoin goes up and when the price of bitcoin crashes then the price of all of the coins in the market goes down, that goes to show that they all follow the price of bitcoin. All of the altcoins get their value from the price of bitcoin, this is why we all need to be supporting bitcoin

In my views, I believe that there are cases which alts may sometimes being directly proportional with btc and there were also instances that it may happen to be inversely proportional with btc while it is on up trend market. In the previous year, I believe it's more of a directly proportional status wherein for every btc going up trend, alts usually follow.

Ofcourse. But now maybe will come a new altcoins, who be a not proportional of bitcoin price. Waiting with calm

If every other token and coin became stable enough to have the same factors that influence btc, influence them, they would become higher in value as people will begin to support a coin that can support itself.