Bitcoin Forum

I really really love crypto but I think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most "trusted/valuable" asset determines the entire market.

Just some thoughts, what do yall think??

I think that the problem lies in the fact that most people investing in Crypto see it as an overall market with no separate identities. It will probably take years but moving forward as crypto markets and economies expand and gain recognition each coin will be able to speak for itself.

The problem is you can't control what someone else is going to do with their coins, every time there is a down trend in BTC people begin to panic sell all of their coins. Not everyone but people who are newer to the space, look at it like stocks, or in general don't believe in the idea behind each coin.

For now things will remain the same because BTC is the name people know and come into the crypto world believing. It's the first out of the gate so everyone is looking to it as an indicator of the overall market.

I'll be short and clear, the majourity traders around the world have BTC, don't you see the rumours of 10.000$ and 100.000$ so no one wants to miss the opportunity or buy it late after rising.

It's because BTC dominance is still remains pretty high at nearly 40%. BTC/ ETH are still the major pairs to trade other coins.

If more exchanges were to support fiat pairings, then we might see a change in trend.

This will continue to happen unless bitcoin loses dominance. When people buy crypto, what do they usually buy first? Bitcoin. Simply because bitcoin has the highest amount of adoption compared to all other coins/tokens combined. Will this change in the future? Maybe. Maybe not. Probably if we get a good and safe stablecoin.

i agree with this statement but the problem is not with bitcoin, it is not with the market nor the users. the problem is with the altcoins themselves. they are useless and they are practically built to be speculative assets. and when you make a secondary adjoining market to bitcoin then you are making a tool  for people to earn bitcoin and that is what everyone is doing.
in fact the most common answer to the question asking "how to earn bitcoin" in these mass spam topics is "trade altcoins".

 i think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most trusted asset determines the entire market....

I think so too, because it would be very dangerous if the price is determined by the market. but if the price can be determined by an individual or a group of people then bitcoin its no longer a decentralized-based blockchain system but centralization, where the centralization system is governed by one person only and if this happens it will be more harmful to users bitcoin.
In conclusion, the price issue is determined by the market is that many sell bitcoin due to panic when there is bad news affecting bitcoin prices. and this can not be controlled, given the bitcoin is completely determined by its users.
and the solution is self-awareness, not to sell bitcoin because panic because panic will make a loss for himself.

Yes but don't you think most people are buying btc because it is the one that is mainly traded for alts? That's why I buy BTC I don't really hold btc I hodl alts. And use btc to secure my earning that I don't want to fluctuate too much.

Well bitcoin is the main trading pair for most if not all coins and tokens, but that's not the main reason why bitcoin is being bought. A good number of people are still investing in bitcoin only(no alts), and believe it or not some people actually use bitcoin for transactions.

What would be that sort of better system?

Fiat system is being run and created by the government while bitcoin does have it's made limit to 21 million coins only. Try to think about speculations and other things that affects its market.

Make the crypto market better by decentralizing it, more like the fiat system.
Wow!

Second, the most trusted/valuable assets should dictate the price.
Weel isn't BTC the most trustable and valuable?
Who do you want to decide the price, those crappy shitcoins, and tokens that are probably going to die next year?
The very fact that they follow the price of BTC is proof they're surviving only because of the BTC hype.
Without BTC all the altcoins would be dead by now.


God, I love how you managed to contradict yourself in just two posts.

I think you misunderstood my post, I was saying I don't want it to be like the fiat system, YES I understand btc is the most trusted/valuable asset in the space and that is why it determines the market I understand that 100% I was just saying that is JUST like the fiat system. Where the most valuable and trusted currencies dictate the world economy get it??? I was saying there should be a better system put in place (Do I have the answer to that problem no I don't Never said I did either) just sharing the idea that something better should be created instead of an economy that is dependant on one currency to determine the value of that economy THAT IS CENTRALIZATION. The crypto market is centralized around the price of BTC is what I am saying.

I did not contradict myself, BTC doesn't fluctuate nearly as much as altcoins which is why I secure my earnings in it. If I wanted something that doesn't fluctuate at all I'd secure them in USD. Just commenting that when btc swings 1-3% some alts swing 10-20%.....

SO before you start insulting me maybe you should try to contribute to the discussion instead of trying to pick everything apart another person says..... JEEZE!

Im not quite sure what the better system would be yet, but just a thought that one should be created. We are essentialy copying the current money system in place where a small percentage of people have a large amount of the wealth (bitmain roger ver exchanges mt gox etc. etc.) And because those small percentage of people have the most btc they can swing this market in their favor at anytime.... There has to be a better way otherwise it is pointless and are just ensuring the same bullshit that has been going on for the past millennium.

I didn't insult you, probably you dreamed that, but yeah I did pick everything apart in what you were saying because it makes no sense.

The market is as decentralized as it can be, people follow the bitcoin price because that's the only thing it matters and is important for them.
What should they follow, bcash? eos? dogecoin? Come with an alternative that would really be taken seriously by as many people as BTC is right now and that's it.

You want to come with a different idea and you want to impose what things that should influence the market, how is that decentralization ??? Somebody deciding how, when and how much the market should move means control, the total opposite of what you were aiming for.


And you think that is wrong?
Maybe all the world should run on bolivars, Russian rubles, and Turkish liras.
Let's see how that economy would look.

Ps. use multi-quotes, not one post for each reply.

Well, Why should Bitcoin be any different to any other Commodity or Currency that are currently out there? We are already

struggling to get people to understand that Bitcoin can both be a Currency and a Commodity at the same time, just imagine if

we add something that does not adhere to the basic principles of markets based on Supply & Demand. What is it specifically

about the "Supply & Demand" that is bothering you? {Volatility? Whales?}  ???

this only makes YOU an exception. don't presume others are doing the same as you do.
also don't confuse all the discussions here with the following:
there are a lot of people who are buying (accumulating or bag holding) a lot of altcoins only BECAUSE they think if they hold something that is worth so little they will become rich when that thing grows as big as bitcoin. in other words they think just because some day bitcoin was worth nothing and now is worth $XXXX then the coin they are holding can do the same.
this is very different from investing in altcoins because they have a REAL future and it certainly doesn't mean these altcoins will go up.

ps. at the end of the day it doesn't matter what you and i think and what we say should or should not happen. the reality is that altcoins get dumped when bitcoin goes down.

Yes you told me "I love how you contradict yourself" it's an insult saying IDK what I'm doing/saying being a contradiction.

No I don't want to impose what things should influence the market I'm just saying that one coin (BTC determining an entire market is not decentralization)

Yes I think that is not good because that makes one thing more valuable than everything else that is how the world is run now the USD is the standard for the world to look at for how the economy is doing which gives the USA a lot of unnecessary power and control over a lot of things. And the opportunity to do some really screwed up things (like completely bankrupt a country if they don't like their politics or w/e)

All I'm saying is there should NOT be ONE currency that dictates an entire market that is not good it gives too much power to people that have a lot of BTC which is exactly why BTC was created to take power out of the hands of small groups of people. But with BTC determining the entire crypto market it makes for a very centralized market even though BTC is "decentralized" it really isn't if wales could manipulate the market like we see all the time... Then the only advantage we have over fiat is that it is finite and more can't be created.

The reason why Bitcoin determines the prices of the whole market is cause it is the entry and exit point of the whole crypto market. If someone has to buy a altcoin or a token than he has to do it by first buying Bitcoin as most of the exchanges have only BTC trading pairs. Until there are other options like USDT or USD trading pairs widely adopted expect the market to move based on Bitcoin prices.

It should be different from any other commodity or currency because it is different it is the first of it's kind what other currency has this much volatility what other commodity can you generate more of by running it on a computer (staking) or by running gpus/asics to verify transactions (mining). Crypto is a very unique and interesting concept so that makes it extremely different from anything else so why should it be run like things it is different from?? Maybe don't worry so much about getting people to understand it that time will come most people didn't understand the internet a lot of people still don't and that didn't stop it's progress, although it became more and more user friendly as time went on (i'd imagine the same for crypto)

I LOVE the volatility don't like that the whales can manipulate the market :)

Yes I understand all of that just saying it is not good ;) gives too much power to one coin (centralization)

Grow up, this is not kindergarten!!!


The $ is king because the US economy is the king of the global economies.
That's the simple reasons for it, people trust the $, that's why they deal with it, if the US goes down the whole world is in trouble, and the last crisis proved that pretty well. And it's the same with altcoins.

You seem to be concerned how your altcoin portfolio is influenced by the BTC whales.
Well, it's not the BTC whales that sell cheapcoin,meloncoin,uselesscoin and copycatcoin when BTC goes down.
It's the alt holders, so your issue should be exactly with the ones holding alts.

Basically, their trust in altcoins is so low that a single 10$ drop from BTC is making them poop their pants.
So rather than being angry at BTC and the BTC whales, and the fact that BTC dominates the market you should start doing something with the altcoin believers.
They are the one abandoning ship every time like rats.

Eventually the market will not follow Bitcoin. Currently, there are hardly any fiat pairs. Most other coins need to be bought with Bitcoin. Once more fiat trading pairs are opened up on various exchanges, other coins will likely decouple themselves from Bitcoin.

yes that's right you say, behind the rise and fall of the btc price is the game form of most bitcoin holders, they can create big dumps and also big pumps with their lot of capital, the market surely has the effect of their actions

It is clear that the bitcoin is in the blockchain system, the blockchain system is not controlled by humans. We can not regulate and tweak the bitcoin system, and the butcoin price is only determined by the market.

So are you whining about the USD in Forex too then??
Bitcoin is the most traded coin. It was the first one, so has the first mover advantage and an overwhelming network effect.
Even if exchanges like Binance would allow altcoin/USD pairs I'm pretty sure the situation wouldn't change that much.
Because in the end people will convert their altcoin profits into BTC! All the crypto OGs will tell you that. They trade and speculate with altcoins to make more BTC! Because BTC is what matters in the end. Like that or not.

Bitcoin control price of all altcoins. It's true.
I think this is normal situation.
BTC price determine Altcoin price = altcoin/BTC

Since Bitcoin is the most traded crypto in the world I honestly think that the market would definitely be determined by BTC itself, let's admit it bitcoin is on top and will be on top for a long period of time, traders, investors, and miners have set their game on bitcoin so I honestly think that it will definitely determine the market.

We must recognize that bitcoin is the king of cryptocurrency so that its position will always continue to be above compared with altcoin. This is indispensable because even though crypto must have a reference to determine the price movement every time.

Im not "whining" just saying I think moving forward the market should not be determined just by btc. And lol @crypto OG's. My lord people are mighty defensive about BTC just saying BTC in the future should not be the determining force of the entire market... That is centralization no one currency should have that much power.

I completely understand how it works that most people try to get BTC I said it a few times in this thread I'm just promoting an idea and trying to have a constructive discussion about it but it seems like all you want to do is get defensive. I mean some other people agree with me that eventually once more coins get USD pairs BTC won't be the only determining force in the market what do you think of that???

The case of people having large sums of wealth will never get out of any economy. That's why the elites are being called the one who're also responsible when the whole market is in movement. The point of bitcoin and any other cryptocurrencies is it's decentralization, no government involve. But as long as there's money involved on it, expect that there are big fish that will join the trade and going to dominate the trade. They can be in good effect or bad depends on your belief.

It couldn't be helped, bitcoin is the first cryptocurrency and many peoples already trust in bitcoin and own it. If the bitcoin price falling, it can affect other crypto as well.
But for now, bitcoin price seems more dropping than other altcoins. If somebody dump their bitcoin, many peoples will buy the bitcoin because it dumping,
and sell it on altcoins and causing altcoin is dumping too.

WRONG.
this used to be the case at least 5 years ago but today it is no longer true. we already have a lot of markets for altcoins that consist of many different currencies and even other altcoins. in other words you can buy most altcoins with USD, JPY, CNY, EUR, .... USDT, NZDT, TUSD,... LTC, ETH, DOGE, .... and these markets are on big exchanges like poloniex,... and small ones such as Yobit, cryptopia,... and at the end of the day people have all these options but they choose to use bitcoin (as it is obvious from the volumes of each market). they are not forced to and that is why bitcoin is dominating everything.

It's not centralization, the apt term is decentralized/free market.


Crypto market.

1. Decentralized environment.

2. Market having more than thousand cryptocurrencies.

3. You are free to invest on any coin.

4. Information is readily available.

There is competition, but one can’t expect crypto market to be perfectly competitive. It's not going to happen. Yeah, maybe in the future as the market matures, more spread out with adoption, less manipulation, individual transactions having no effect on the price and as innovative altcoins with real world usage and long-term potential gets adopted at a bigger scale, we can expect the market to enter into a new phase of suboptimal equilibrium and I don't see that happening anytime soon. And with Bitcoin determining the market, you call it free market, network effect or first mover advantage, but certainly it's not centralization.

Bitcoin is the best crypto currency in the world. They are in the top position of the market. Almost every coins are follows their strategy. That’s why some grope of peoples are saying that bitcoin determine the market. But i can’t agree with them.

Bitcoin is the first and the most popular cryptocurrency in the crypto community. Most people who come into crypto investment always look up to bitcoin and that when bitcoin starts to decline, most investors panic and sell at low prices too. It would be difficult to prevent this from happening since bitcoin continues to reign in the cryptoworld. Bitcoin will always influence the market.

I agree with you the market should not determine the bitcoin price , the btc price depends on the people who is holding it, so for btc holders, you should use it well, use it to show that bitcoin is better than current fiat system, way more secure and faster transaction it is.

Yes, you are right and it shouldn't be but for now, we have no choice because we are not yet in the transition. Maybe in the future if the worlds already accepted cryptocurrency. By that time, not just Bitcoin will be popular worldwide but also other coins in the market.

bitcoin want to exchange with each other need to market so we must first determine the market analysis market will help our negotiation and success as well as we hope to determine the bitcoin market

Hard to stop bitcoin dominance on crypto market. We are all oriented about that kind of market price motion. Whether we like it or not once it will be change we will experience serious adjustment to change the way of market price motion of all coins.

Yes, this is not good for crypto investors. It defeats the purpose of diversification as all coin prices are affected by bitcoin prices.

I have long said that we do not have a free crypto-currency market. The market is controlled by bitcoin and it determines when the remaining crypto-currencies grow in price, and when it goes down. It is not right. The cost of each coin or token should be determined only by the own ratio of supply and demand and nothing else. Maybe in the future, when the crypto-currency market becomes more mature, and other coins and tokens will be more widely used, it will be so.

Based on your questions we can see the market chart list where as btc still in the 1st position because of its benefits also this facilities will be increase too also the number of investors are increasing in btc so the price is still same you can tell high and this will be the best crypto system in future.

I think bitcoin prices do not determine the market because there is still altcoin and if bitcoin can tick the market price means bitcoin is centralized driven by individual or group of people only and it will disrupt bitcoin users and I think decentralized bitcoin and bitcoin users will be more bitcoin community will grow and flourish in the community and for the role of bitcoin may affect the market price in my opinion is not :)

Yes, you are partially right. But Bitcoin is one of the most influential coins in the market. It would take a lot of time for the other coins to be independant on their own and flourish in the market.

Bitcoin significantly affects the market of altcoins. In fact, the cost of most known coins depends on the BTC. Therefore, we can talk about restoring the market only after the price of the first crypto currency has stabilized and will start to grow in the long term.

Fully agreed with you. I also think in your way that btc price should be set by some sort of impactors, else there is no meaning of decentralization. And market will not be stable easily.

I also have such thoughts. and if we now see that the key to the ups and downs of the market is bitcoin.

some people believe that it is too late to buy bitcoin and further investment will not make sense. However, a more in-depth study of the issue shows that bitcoin is just starting to gain momentum. Bitcoin differs from classical currencies in that it was designed to grow in value, and not vice versa.

I really think so too.for crypto to really be decentralised, it needs to break from the shackles of bitcoin being at the centre

Whether you and me like it or not, I don't think it is going to be changed in near future because when we need to buy or sell altcoins we nee BTC as intermediate.

Most pairings on most crypto exchanges have Any crypto to BTC pairing or Any crypto to ETH pairing.  Bitcoin is the usd of the crypto market and change in price affect all other cryptos. Traders would just go back and reduce their bids when they realize BTC is going  down in price. This should subsequently and directly affect any other crypto.

Indeed, I also think that determines the market price is not just from bitcoin alone. The number of other crypto currencies and technologies that all crypto currencies also determine on the market. I can say so because with the technology of the crypto currency is the trust of the community woke up. Besides that, I would prefer if bitcoin and crypto currency are made centralized rather than decentralized. I mean that bitcoin and other crypto currencies can be regulated. Hopefully, someday bitcoin can turn into centralization.

It is possible that the bitcoin market will fluctuate over time in different regions, and there will be different ways of looking at and adjusting and different policies of the government and bitcoin investors are still not able to identify. is the market

Actually this situation occurs because bitcoin has the highest number of adoption compared to all other coins combined in the crypto world. This makes bitcoin a bit dominant. As the whole system is decentralized, this market price determination will continue to happen more or less.

Yes,  I had to agree with the author since that is what really happened in the current scenario where btc is alwahs the baseline in every bear and bull market. I hope this will be somehow corrected since all the cryptos differ from the other.

People trust Bitcoin more than any other crypto, that's why their prices are affected by Bitcoin price.
It will remain like that until a strong coin appears and prooves its self.
Maybe Ethereum will change this situation and will lead the market.

Well, I don't know what to say with this, I also like your idea but how can we base with the amount right? Bitcoin is just like dollar so for me it is fine since it is the father of crypto.

All alternative currencies are paired with bitcoins on trading platforms. Whatever bitcoin does have a correlation with it's other pairs

I really do agree with your statement. Bitcoin is dominating the market and it will continue till its high acceptance. Due to first ever crypto, it has that level of acceptance among mass people. And due to this situation, price of others depend on the price of bitcoin. But i think, implementing the new ways this system should be redefined.

It's mainly because bitcoin being the pioneer and all the altcoins are being valued based on bitcoin price.

The fact is, the strongest currently always leads the way for the weaker ones. Right now, the strongest crypto is Bitcoin because it has by far the highest trade volume, is accepted on every single exchange, and is the default currency. There always has to be a base currency, whether it's USD or BTC, you can't trade unless you use a base.

I agree with the statement that bitcoin should not determine the price movement for the rest of the crypto currency. This is wrong and in fact testifies that we do not have any free crypto-currency market. If everything depends on the dominance and level of bitcoin capitalization, I'm for the value of bitcoin among the crypto currency to decrease to reasonable limits. I think that in a few years it will be so. We see that bitcoin now has big problems, it simply can not improve quickly, which means that over time it will lose its popularity. Maybe it's for the best. The market, all the crypto currency, should have equal conditions for development.

It is disturbing when bitcoin shows its dominancy and supremacy over altcoins and brings it all coins down but what can we do because it is the king of all cryptocurrencies.

The main cause is the exchanges and their users.
There are Bitcoin - Fiat exchanges, there are altcoin - bitcoin exchanges and a very small number of other pairs, usually with extremely low volumes.
Just check the exchanges what offer pairs based on Ethereum, Litecoin, Monero or others. Most of them have disappointing volumes. Most of the money flows into Bitcoin most of the altcoins are transacted for Bitcoin. And then you wonder why Bitcoin affects everything... well, I did wonder too, long years ago. I tried to promote altcoin pairs not based on Bitcoin. Too bad, almost nobody uses them.

It will always determines since all ALTCOINS was pairs with bitcoin in trading, calculations ,it will only reduce if a token like tether can be implemented fully by all exchanges..

I understand what you are talking about and I agree that bitcoin shouldn`t determine all other crypto currencies in the market. However, you are talking about how it should be, and not about how it is today. And the reality is that bitcoin determines and directly affects the course of altcoins. It seems to me that this is due to the prejudices of people who are used to focusing only on bitcoin, to consider it to be the main one. The problem is not in a centralized or decentralized system, but in the fact that in the minds of people the perception of bitcoin should change and bitcoin should no longer be recognized as an unprincipled example, to which everyone must be equal, without taking a step to the left or to the right.

Market allocation is a necessity, bitcoin can mark the market price means that bitcoin is focused by the individual or group of people and it will break bitcoin users and I think bitcoin users and bitcoin hierarchies The bitcoin community will grow and thrive in the community

Most pairs for altcoins are denominated in either BTC or ETH so it is hard for them two not to control the market as there is no direct liquidity to fiat

See there's a very simple answer to your problem. The fact is whenever you ask people about crypto, more than 50% of them will associate crypto with the bitcoin. This is because Bitcoin is the most predominant of all the coins in the crypto space. It has that king kinda aura developed around itself. Bitcoin has been ruling the crypto market since its very inception and there has been no other crypto coin that could replace this position of bitcoin. Almost all the members on this forum might be holding a few bitcoins in their investment portfolio and the proportion of the other coins varies significantly. So according to me that time is far when bitcoin will become less significant in determining the prices in the crypto market. And what I think is there is nothing wrong in this kind of monopoly position held by the bitcoin. Let's see what others have to say on this!

Whether you like it or not, bitcoin has been dominating the market and it is determining the price of other altcoins too. When the price of bitcoin increases or decreases, it affects the price of other altcoins.

This will be good if this can happen but you can't blame bitcoin. This can only change if bitcoin loses its dominance in the cryptoworld and for altcoins to have more use than being used to get bitcoins.

you have a point there. but the reality is we can't change that because of bitcoin's dominance in the market. And most altcoins are just being used to get bitcoins and just getting dumped and dumped since there is no other use for them

One of the reasons why bitcoin determines the price of other coins is that most exchange platforms accept bitcoin as a means of payment for any coin you are buying. with this, any small increase in the demand on bitcoin, people will prefer to trade their bitcoin than using it to buy altcoin. This also affects the market cap and volume of altcoin.

Totally agree with you. The current state of the crypto-currency market can not be called optimal, it is difficult to call it even a market. Artificially pumped bitcoin, it took off in December in price, after which it fell by 70 percent in its value and the entire crypto-currency market was completely paralyzed for more than six months. This is clearly not normal. However, I think the situation itself will be further leveled. In all likelihood, the level of bitcoin capitalization will gradually decline and the market will begin to revive.

This is quite true. BTC seems to have too much domineering effect on the entire crypto market. It dictates the pace. That is why if anything negative happens to Bitcoin the entire market begins to shake. There should be other counterbalancing coins too to mitigate this.

In fact, the cost of most known coins depends on the BTC. Therefore, it will be possible to talk about restoring the market only after the price of the first crypto currency has stabilized and will begin to grow in the long run

So far BTC still remained the standard of trading in crypto, it will continue to affect the movement of alts since all alts solely trade against BTC.

I agree with you, it is not good, that all the coins are keep going to the same direction. However, in the last couple of days, something different has happened, maybe this is the beginning of a new trend :)

When people talk about cryptocurrencies, the first reaction is BTC!
BTC is recognized worldwide as a cryptocurrency. Bitcoin has good liquidity and you can sell, extract and even pay for goods or services.
The status of BTC cannot be changed in a short time!

We cannot avoid to see that the market is being affected by the trend of bitcoin or the bitcoin itself because bitcoin is the very first cryptocurrency compare to the rest and it is the top or the king of all of the cryptocurrencies and it is the base currency of all of the cryptocurencies so we cannot avoid the possible to get affected by bitcoin.

I think it will not change significantly in the near future. This is just the nature of this market. Maybe if Ethereum, or some other coin beat Bitcoin in the market cap, this trend will be over.

The dominance of btc currently is very hard to be controlled as it is trade also in futures market as well as with leverage so the money and liquidity always shifts to it as it is more reliable and stable.

Yes bitcoin will continue to decide the fate of other coins as bitcoin is the first cryptocoin and at the same time if a new person hears about crypto the first thing it comes to their mind is bitcoin it's all about polarity and impact bitcoin holds.i don't think things will differ in future.

I think it's not a good thing if the whole market price is influenced by the Bitcoin price, there must be a solution to make the crypto market more decentralized where Bitcoin prices do not swing the market up and down there must be some kind of better system than if we just created a system that is just the same as the current fiat system we have in which the most trusted asset determines the whole market.

I also loved the bitcoin but you must know that one thing that bitcoin is the largest crypto currency among all other crypto and there are many evidences and statistics that prove this right so no doubt the valuation and the growth and moreover the popularity of bitcoin among all the crypto is more so no doubt the flactuation in the valuation of bitcoin and all other things will govern the statistics and the entire market of the crypto and I think this is not the matter to worry about, this is very natural.

it is not bitcoin's fault that altcoins are useless in real world.
that means the only usage that altcoins have and the only purpose they serve is to be traded by speculators so that they can make more profit on their fiat and bitcoin. when this happens, people abandon the altcoins as soon as bitcoin is making a move to go back to the only thing they really care about.
if you want this to change then you have to change altcoins and start creating altcoins that are actually useful in real world.

 Market is Volatile, anything can happen at any given time,  the price value can goes up and goes down during the trading market, it all depend on the Volume of investment put in by the investors into Bitcoin. This is a decentralized system, no one should manipulate but somehow we didn't really know what is happening in the market, Some experts say's that Whales are behind the market movement.???



 

The thing is bitcoin is still the dominant one. When people talk about crypto it is always bitcoin. People see the whole market as one and bitcoin as the leader. The fact is that we can't change this now. Maybe in the future there will be changes. But nobody knows for sure.

I'm really looking forward to the regulation of the crypto-currency market. This will give a big inflow of money. Bitcoin is just an indicator of crypto-currencies. Bitcoin grows-it means that the crypto currency is good. Bitcoin falls-it means things are going badly

I fully agree with you. I myself do not like what bitcoin does with the rest of the coins. We need some kind of regulator, or that the other coins do not depend on it.

People in the crypto community does understand how volatile are cryptocurrencies and the market trend depends on the daily volume of investment made by the investors and this fluctuation is somehow related to supply and demand issue and had nothing to do with any manipulation by whales.With the current btc increase weeks ago, the trend is somehow different as compared to the last situation way back months ago where any up trend and down trend usually depends on btc.

Bitcoin determines the market because Bitcoin is much higher than the other coins and Bitcoin has made up a large percentage of market cap. So every time Bitcoin drops, other coins' investors' thinking are influenced. In other words, Bitcoin market cap is so big that the following decrease in pice of other coins is unavoidable. So it's the objective factor that makes Bitcoin dominant. Therefore, we can hardly do anything to make Bitcoin less influential than the others.

Bitcoin has the highest amount of adoption compared to the others. We should pose the question that why Bitcoin has gained the highest amount of adoption. I think it's because Altcoin is far from being as good as Bitcoin , so they don't gain much interest and investors' trust. 

Even this forum has a particular sector for Bitcoin and all the other coins only has one sector. This shows how powerful and influential Bitcoin is. As for Altcoins,  there are many altcoins that don’t do much interesting at all. The vast majority of altcoins simply tweak some parameters that don’t matter much, or offer something that may sound useful but isn’t. In short, Bitcoin is superior to almost useless Altcoins. Thus, Bitcoin wins trust and of course takes over the markets.

I agree with your idea that there should be something done, but it's hard to change the current complexion. Bitcoin has been governing the market since the beginning. Such a long time. Moreover, there are a bunch of the frenzied Bitcoin investors. They are so crazy about Bitcoin that they hardly change their mind to accept that Bitcoin has no longer dominate the markets.

Bitcoin is the most reliable and valuable. So I think it's not a bad thing that Bitcoin decide the price. Actually, the markets are still decentralized even though Bitcoin decides the price, for the reason that there is no one behind Bitcoin pulling the strings.

I completely agree with you. Bitcoin should not dominate the market over the price of each crypto currency. This situation can not actually be considered a full-fledged market, when bloated in price, bitcoin has fallen by more than seven months to a correction and all the crypto-currency lies on the price side with it.
This situation on the market is explained by the high level of bitcoin capitalization in comparison with the total capitalization of the remaining crypto-currencies. However, every year bitcoin loses its percentage of capitalization. If at first he had 94 percent of capitalization, now he is 32 percent. When it falls to the minimum level, it will stop dictating its prices to other types of crypto currency.

Altcoins value is often increase like btc in the market. But there are some times altcoins didn't rise like btc.
A recent spiking around few weeks ago, btc price increase much in the market, but the altcoins price increase only a bit.

Yeah i strongly agree with your opinion but as we all know that these crypto are altcoins only for bitcoin and thus its presence need a strong powerful system back up and that is bitcoin. These altcoins could really move strong and it is just that for now these altcoins could not compete bitcoin for again those coins are design as altcoins for bitcoin. Anyway let us leave this way because these altcoins should be regulated through a single coin and that is bitcoin.

It is just right that bitcoin will dominte the market. I agree with you fellow, there must be a way that this current situation will be change for a betterment.

Well what you are thinking is good but the reality will tell us that bitcoin is determined by the market and that bitcoin also determines the whole cryptocurrency market. Everything revolves around the market since bitcoin is not yet mainstreamed. If only bitcoin could be used in day to day basis and could be used in buying and paying all the stores in the neighborhood then we no longer need the trading market to determine the value of bitcoin.

Most of peoples know bitcoin they never heard about cryptocurrency because if someone try to buy cryptocurrency than they first buy bitcoin than other tokens. most of peoples is here who invested in bitcoin because they wanna make profit and they know its price is volatile so they can get good return. bitcoin is also popular because many exchanges are giving facility of BTC/USD trade.

bitcoin is in the blockchain system and will not controlled by humman. It is the first cryptocurrency. So it could be the foundation for other one

Actually if this can be happen then its good thing. Its good thing when each cryptocurrency has their own way to increase or decrease depending on their improvement or demand to those crypto in the market. This market is like centralized by bitcoin. But this is nature in the market where people think the same. Bitcoin impact to all market and we can not deny this.

that's why HOLD exists, so as not to think about what the senators are saying. if it was not interesting, would have banned the technology

the market allows you to look at the technology critically, because if it is not perfect, the market will react to it. it's like a thermometer, so I'm not against the fact that the price is determined by the market

Bitcoin can affect the altcoin market. The cost of the coin that is best known is all dependent on bitcoin. We can talk about restoring the market after the price of cryptocurrencies has stabilized and started to grow in the long run in the future.  8)

Looking at this problem of bitcoin determining the price of the crypto market, bitcoin has the highest market cap and volume. To add to this, most altcoins are purchase with bitcoin, meaning if the price of bitcoin changes the price of altcoins will automatically change.

I don't feel like Bitcoin is the enemy of Alts however it helps them and gives them an audience and investors.  If there was never Bitcoin would there be Alts?  Bitcoin and Alts need to work together. 

yes I agree with you, but bitcoin is determined by the market price, if the market price goes down we can wait until the market price rises then we can sell it. bitcoin is intended for those who can run it.

When someone mentions cryptocurrency everyone thinks of Bitcoin and it will remain like that for at least some time. It is first and the most popular, and among many frauds lately people trust Bitcoin even more, therefore it WILL determine the market until one of the other coins accomplish something huge.

The level of influence that Bitcoin places on the Cryptocurrency market are enormous. Whenever Bitcoin encounters the worst and goes down, it directly affects the market. You can see that Bitcoin is the deciding factor for the movement of the Cryptocurrency market.

I think that Bitcoin should not manage the entire market, because monopoly will not benefit anyone. This is my opinion — monopoly, so bad.

Yes a single coin should not determine the fate of the market. Whenever bitcoin goes up market goes up and whenever bitcoin goes down it also goes down. But when a coin like btc has 54% market dominance it is bound to affect all others.

yes, for this time many altcoins are emerging, and are competing to be the best, in improving market conditions, so that in the future market conditions are not too dependent on bitcoin prices, even though it is like an mission imposible, but hopefully In the future the market situation can be even better.

Well I agree with you in the other hand I disagree with you, btc is the most trusted coin even eth is not really reliable

There is really no way to shortcut this. I am sure you would prefer to invest into bitcoin than buy a new token you are not sure of it's success. The dominance is inevitable. It was a standard for other altcoins so how won't it determine market. That's how it will be and it will continue as such.

Everybody talks about bitcoin, in the media, everywhere and people first hear about bitcoin.
So, bitcoin became main entry point for many new users.
When they join bitcoin and learn more about crypto market, they start to invest in other markets.
I don't think that such situation will change soon.

But many peoples hold bitcoin, you can see the volume of bitcoin in coinmarketcap, bitcoin have most volume.
Many speculators can manipulate the altcoin price by buy or selling their btc to altcoin vice versa. From my opinion, btc price is more stable than altcoin.

Yeah i agree with you. Will be better if crypto stand alone, but the question is how? how to make crypto like altcoin, ethereum, etc. stand alone. That's same as dollar, if dollar rise or down another currencies will affected. In digital currencies that determine is bitcoin, if bitcoin rise or down, it will affect another crypto. :)

I agree. After all, cryptocurrency does not revolve on bitcoin alone and there are altcoins that are just as good. That being said, bitcoin is the first cryptocurrency and people are drawn to bitcoin more than the other cryptocurrencies, that is why the market sort of relies on bitcoin.

Although your statement is true for most of the time , as you can see in last weeks, it is not true always. BTC was relatively stable while altcoins where going trough blood bath and losing their value like crazy , most of the big guns lost their historic support while btc was holding ~6500$ level.

Our market is affected mainly by Bitcoin and its ups and downs determine the market. So unless a currency is strong enough to beat Bitcoin and the currencies are independent. Which currency accounts for the largest proportion of capital that currency determines the market.

yes you are true bitcoin will not be able to determine the market, which can determine the market only from the request and only from the trader, when the trader chooses the place of exchange then it is certain that the exchange place will be very crowded and must be able to utilize it to get a lot of profit.

I don't think that btc will determine the market always. To my mind, it is better to follow the long-term hold strategy and you will see that btc will increase the price but as for the possibility to become the main currency is under question

This issue us an issue that needs a very close observation. The crypto market should be an open one. Bitcoin shouldn't determine the price of other cryptocurrencies, all should operate on their own..

perhaps he should not do this, but unfortunately this happens and will continue for a long time

The thing is, people first buy bitcoin to then buy other altcoins, never different. There should be much more trading pairs with different altcoins and BTC will lose it's dominance overtime.

I think that after a while the crypto-currency market will put everything in its place. Now the situation is really not normal. In fact, we do not have a free crypto-currency market. I think that in five to ten years he will appear. And this will happen in the most natural way. There will still be shocks, but it will all end for the crypto currency, good.

Yes you are right that bitcoin should not determine market  unless a currency is strong enough to beat Bitcoin and the currencies are independent. Which currency accounts for the largest proportion of capital that currency determines the market.

The scenario of events when Bitcoin stops determining the market is possible, but not in the short term.

can not avoid seeing that the market is being influenced by the trend of bitcoin or bitcoin itself because bitcoin is the first cryptocurrency compared to the others and it is the top or king of all crypto currencies and it is the base currency of all cryptocurencies so we cannot avoid the possibility of being affected by bitcoin.

to see technology critically, because if it's not perfect, the market will react to it. it's like a thermometer, so I'm not against the fact that prices are determined by the market

we all hope that the cryptocurrencies world is growing, not only bitcoin that always be the lead and grow if this happens, again and again, I think all cryptocurrencies price will depend on the bitcoin price and it will not good for me

That's how the crypto market goes the btc price controls all the other altcoins in the market. That's why it's easy to predict when altcoins are going down you just have to look at bitcoin price if it's in an uptrend or downtrend. And this is why altcoins would never surpass bitcoin as long it's depending on btc price.

This is the definite truth, BTC should not determine the market's status, it's like BTC is the one who revolves around the market ignoring these other currencies, though some people have their points very strong on this one, though we are arguing about BTC should not be determined whether the market will fall or not, however BTC was the first currency, and Bitcoin is actually the biggest cryptocurrency as of now, so I think this is the reason why a lot of people are relying on BTC whether the market will fall or not.

No, OP dont understand the importance of btc, bitcoin is the base of whole crypto world. If there is no btc , tokens and alts value nothing

Of course you don't. But while it keeps the status of Ancestor is inevitable. Large players successfully manipulate this fact for the prices in the market.

maybe btc is very influential on all and makes prices go up and down and is unstable better the btc value is strengthened and maintained to keep the value against other coins.

Definitely, the most highest amount of adoption Is bitcoin if you just compare to all altcoins, so when people buying crypto, they will think first bitcoin then obviously they buy It first compared the rest.

Well sometimes i wish this does not happen because there are so many valuable coins or tokens ou there that has real time use of its token or platform which are better than btc

Bitcoin is the first cryptocurrency and most successful one. It has the largest capitalization and has gained the trust of several investors. Hence, it serves as a pair with which other coins on the market are exchanged against. Aside the USD, i don't know any other coin which can work perfectly fine in pairing as Bitcoin.

Actually it's not Bitcoin that determines the market, but the investors... Bitcoin is just a "tool". It's very normal investors are using Bitcoin as the main currency among all others, as it's the most reputable, trusted and old one. And good that they are doing this, giving more strength to a currency we can trust. Everywhere it works this way, think about any brand niches and you will see the same situation.

If artificial methods are used to stop Bitcoin from determining the market, investors aren't determining the market anymore...

I also want what you wanted. The market has no balance because all the power and influence are focused on bitcoin and that's bad on any market. There should be a competition like another 3-4 altcoins that has the same level with bitcoin. Maybe in the future, we could see ETh and Ripple doing that so we'll not worry about this anymore.

Bitcoin should not determine the price of other cryptocurrency, all must operate alone, so that other crypto can be independent and market development is not only in the bitcoin monopoly.

You don't get to choose, it's not your call, this is the way this market works because almost all the other coins not named bitcoin are nothing but copies of the original, if those coins were all original then will have a market in which all the coins move independently from each other but since that is not the case then all the coins move according to the movements of bitcoin.

Just bitcoin costs can not decide the market since despite everything we have altcoin. what's more, if bitcoin alone can tick the market value that implies bitcoin is brought together by individual or gathering of individuals.

Bitcoin is not the one which determines the market, people are the ones who are affecting the market. The thing is, the demand for bitcoin is high and most crypto users are investing on bitcoin. No body wants to miss the rocket of bitcoin.

Bitcoin is not determine the market.people are affecting the market.no body to miss the bitcoin.

In my opinion, this idea is entirely properly. Bitcoin is only a type of cryptocurrency. And, it did not make sure that it can exist for a long time later. Besides, the price of bitcoin is making the crypto market chaotic motion up and down expressly. It is not safe for some investors who don't have lots of capital. IN short, I think BItcoin needs more time to declare its position.

Brilliant point,  it keeps running through my mind,  bitcoin shouldn't determine the future of the whole market

Should not be, but as of now, bitcoin has great influence among altcoins. When bitcoin dump. majority of altoins knelt down. We have diversify the reach in  cryptocurrncy and we should not limit to bitcoin as possible but we are  still far from it. Maybe we need one decade or more to reach that situation.

Of course not. This is not economically feasible. Must be a reserve of cryptocurrency. These are the laws of the market and they have not been canceled.

I absolutely agree with this statement, because on the cry of the market there should be healthy competition and there should not be a monopoly of any cryptocurrency.

I think Just because bitcoin has the highest adoption rate compared to all other coins / tokens combined. Will this change in the future? Maybe. Probably not. Maybe if we get a good and safe stablecoin.
This will continue to happen unless bitcoin loses dominance. When people buy crypto, what do they usually buy first? Bitcoin.

It was never a good thing if the entire cryptocurrency price only depends on the btc price.
The other altcoins need to become independent from bitcoin because it has a different purpose and features.

For now, bitcoin is one of the fattors that determines the market, if bitcoin goes down then all markets will go down, but if bitcoin goes up, the market will go up, maybe in my opinion!

for now, bitcoin has not been able to determine the market because we know bitcoin and crypto currencies have not been fully inaugurated and recognized by all countries in the world so that to penetrate the market still requires a long process and of course

I’m 100% agree with you!
Bitcoin is the king of the cryptocurrency market, Its every move will affect the fluctuation of the entire market, just like a Like an autocratic monarch with dictatorial power. This means that once Bitcoin collapses, the entire cryptocurrency market will be game over. So, It is necessary to decentralize the influence of Bitcoin on the market.

btc is very influential in the market and we don't know when btc will recover and will give more turmoil and will have a big influence on cryptocurrency interest for large investments but the reality is that large investments lose money and this makes public trust less. to push the cryptocurrency market again.

Yes, I agree that the current situation for the crypto currency market, when bitcoin completely dominates the price over the other types of crypto currency, is very abnormal. After bitcoin, through its problems, has fallen in price and keeps the entire crypto-currency market stagnant for a year, it can not continue for so long. The market itself must find a way out of this situation. Apparently, everything goes to the fact that soon bitcoin will lose its most part of market capitalization and then the market will be able to develop normally.

its easy to say but is it easy to do? i think it would be very hard to change how bitcoin stands in today's world

Price determination of the market is based on the price of btc although it is not fare but still situation is same and it is happening, and final determination of the price is under the spell of btc, reason is every transaction depends upon  btc position in the market.

crypto market biggest coin is bitcoin

That means there will be no intermediate markets or no public exchange. This made me think a lot.

It seems to me that this is due to the prejudices of people who are used to focusing only on bitcoin, to consider it to be the main one. The problem is not in a centralized or decentralized system, but in the fact that in the minds of people the perception of bitcoin should change and bitcoin should no longer be recognized as an unprincipled example, to which everyone must be equal, without taking a step to the left or to the right.

I think that such a currency should be which will be leading for smoothness and regulation of altcoyins otherwise there simply is no point in creating other coins and projects

Yeah keep dreaming.

Bitcoin is the original and the creator of the whole market and the one who gave Blockchain a reason to be so looked upon and considered to be used between so many different industries like we will start to see in the future, even now the new president of Colombia Ivan Duque said that he was going to use Blockchain inside his government.

It is also the currency who got the consumers preference first and for those reasons it will always be first.

Although bitcoin is the leading cryptocurrency, I don't really see bitcoin controlling the price of the other Cryptos. Anytime bitcoin falls, you can clearly see other altcoins rising at the same time.

I totally agree. but we can't avoid that for almost all the cryptocurrencies are being traded against bitcoin. so I think that somehow, it contributes to the price of other crypto's being swayed by bitcoin.

But you are missing the reason of why this is the case, people prefer to invest in bitcoin not because they are blind to the other cryptocurrencies, they are doing it because they understand very clearly that bitcoin is the coin that has the highest chances of being adopted all over the world and if that happens the profits that you are going to get with it are going to be impressive.

my advice is that you better not have big fanaticism towards crypto, I'm afraid you become a part of people who are depressed and stressed when bitcoin prices fall dramatically. in the end you will hurt yourself.

let bitcoin walk along every wave, take profit of volatility. and be a smart, responsive investor and fast action and cut a profit.

This statement is absolutely true, but now the crypto-currency world includes several crypto-currencies, which over time, if not displace Bitcoin, then at least will be able to compete with it.

I think, because bitcoin has greater trust than all the existing altcoins, and almost 80% of investors buy bitcoin.
of course it makes everyone hope that bitcoin will rise. if it's not bitcoin that determines the market price, do you expect it to be replaced by altcoin? and make bitcoin lose confidence?

bitcoin is also dependent on market movements. as today the market is very low because of the so-called gosh month so hopefully when the gosh month is over, the market is better. but I'm assured that the market will end 90% of the market after the end of the month.

Yes, you are right , but I think that the Bitcoin will continue to control the direction of the rest of the currencies and the market fully for a long period of time

I believe it that so many investors as well as exchanges that provide future contracts are one of the main reasons for it. Because as soon as there is a downtredn all the money gets into the most trustable coin which is btc and market experience a dump.

Of course, the current situation is abnormal, if bitcoin is falling in price and after him the entire crypto-currency market lies for a whole year at the bottom with bitcoin. I think that this will not continue for long. Market capitalization in the future will inevitably be leveled. Therefore, we like it or not, and the price of bitcoin will inevitably drop. If it will be pumped, the market will find a way how to do it.

It will still define the market because bitcoin is the first cryptocurrency and the best so far. Therefore, all other currencies will depend on it one way or another.

I think that btc is the best coin ever and i don't know whether we can use it instead of dollar now everywhere or not. to my mind, the situation will change in the nearest future and you will see this as well

Maybe in the future bitcoin will stop influencing the market, but I have no idea what should happen to make it happen. Bitcoin is the Foundation, it will still have an impact on all other cryptocurrencies.

This will happen only if some of the cryptocurrency will be able to surpass bitcoin and become the world leader of the entire digital market. But I'm not sure that this can happen at all.

Bitcoin has become the default cryptocurrency, much like the USD is the default global fiat currency hence when bitcoin sneezes the others catch a cold. Ether has the possibility in the long term to be the default cryptocurrency but it's worth looking for rivals. The situation is very akin to the fiat currency situation with many parallels.  

Bitcoin itself does not owe anything to anyone, it is determined by people, and as we see they have mostly decided so, building a system in this way. Breaking it can not keep the whole crypto market as a whole.

It seems to me that this is a temporary phenomenon. Soon there will be stable and other crypto-currencies and maybe they will dictate the price to the whole market. The main thing is to cause demand.

Bitcoin is the mother of cryptocurrencies so it will influence the market. It will stay a king of the crypto market in the nearest future as it is reliable and most popular currency. I consider the possibility that some coin will be able to replace bitcoin after offering something really new or innovative. At the moment some coins have better features (faster transactions, stronger scalability) than bitcoin, but they are still far from bitcoin’s price.

the same question as are money harder to acquire now?
with bitcoin it is the same story, it is money and if bitcoin is worth more  it will be harder to get as much as you used to get
for example: 2009 there were faucets dishing out 1+ bitcoins per claim, I myself mined around 0.25 bitcoins a day in 2011 on a simple GPU
now faucets like freebitoin give whooping 30 satoshis per claim and obviously you get peanuts when you mine bitcoin on your gpu aka nothing
at the moment bitcoin is tied to fiat prices and my hope is that with more adoption we will start asking
and how many satoshis is dollar today, not the other way around

If you want to be an investor or a trader for a very long time that is something that you have to learn how to do, because it is almost impossible to live through that kind of stress for a very long time, this is why many traders despite being successful give up after some time because they cannot deal with the pressure of having to be on the top of their game every single day.

that is true, but the price of buying and selling bitcoin in the crypto market is very influential for new investors who have small capital, because they will not be able to last long with the fall in the price of bitcoin which is the source of profit and finally they swallow losses so that their investments can be turned for other things

Many things aren't supposed to be the way they are. Bitcoin determining the market prices of all coins is one of them. Its true that Bitcoin may not be the absolute best coin for this but its the way it is.

This is possible if all Crypto exchanges will directly accept all kinds crypto currencies. This is the main reason of why most of the cryptos are depending in Bitcoin and this is why Bitcoins looks like mandating or the one who determine the market condition but i think it is very impossible that exchanges will directly accept any Altcoins as some of these coins are not reliable.

Altcoin's a relatively new asset rather than bitcoin, and maybe an investor will face a bit of a challenge in evaluating its value through a traditional valuation model which's based on supply and demand, just the same as bitcoin.
This thing of course has made both of them become vulnerable to market sentiment and depiction by the media and even has become a separate assumption especially for its users that bitcoin's considered as a trigger for the rise and fall of all cryptocurrency. Because most investors often make bitcoin as an indicator of cryptocurrency growth.

Because of the long run of bitcoin as the highest price value token in the market cap, the bitcoin is mean serving as the referrence value of the other altcoins and tokens in the market, so we can not deny that this will continue to be the referrence of the customers and the investors of cryptocurrency inthe market.

but what can do, because bitcoin is crypto with the highest price in the market. and the demands on the crypto market always focus on the crypto's highest price itself. although bitcoin does not determine the market, but indirectly, bitcoin really determines the demands of people on the crypto market.

I believe that many investors as well as trading platforms offer future contracts as one of the main reasons for it. Of course, the current situation is abnormal, if the bitcoin is off and after him the entire currency coding market lies all year at the bottom with bitcoin. Market capitalization in the future will certainly be leveled. If it will be pumped, the market will find ways to do it. Therefore, all other currencies will depend on it in one way or another. With my mind, the situation will change in the near future and you will see this as well. Bitcoin is the Fund, it will still have an impact on all other electronic money.

Yes, I also think that the current situation with cryptocurrency prices is too abnormal due to the dominance of Bitcoin in price over other types of cryptocurrency. This is especially evident this year, because after the fall of Bitcoin in December last year, the entire cryptocurrency fell in price and the market almost froze for a whole year. Such a situation is very difficult to call the market at all, since cryptocurrency actually has no price. At the same time, I do not think that this will continue for a very long time. The market will find a way out of this situation.

Yes, but unfortunately the situation on the marker says differently, bitcoin influenced is so high in the cryptocurrency market so domination of bitcoin still exist. I don't when this situation will be changed.

Probably will take a long time dude. As we all can see, the market is so dominated by btc that it very seldom moves against it or by it's own. Crypto is still widely seen by those outside the community as bitcoin.

Not only that, bitcoin's not infrequently used by investors, as a basis for the growth indicator of all crypto currencies, even some, who call it a shield of cryptocurrency defense, so it's not surprising if in the end bitcoin is considered as a market determinant. In that case which determines the market price actually, only supply and demand.

Yes bitcoin should determines the market

Why because there are lot's of valueless  and no goal or some coins that might have lost there goals and still trading in the market. It's dangerous if we left the market on to them again and that's why we need the intervention of bitcoin

I'm of the same opinion too. I hate seeing the rest of the cryptocurrency market take a swing each time bitcoin fall or rises. I believe with the introduction of more stable coins and pairing with most of the cryptocurrencies the altcoins will start showing a little resistance to bitcoin's movement.

yes, I agree with you that bitcoin does not fully determine the ups and downs of prices of the entire market. but in my opinion, the rise and fall of bitcoin affects some altcoins but not all of them. maybe because bitcoin is the king of cryptocurrency, then there are several other coins that follow. I believe in the future there will definitely be a better, trusted system that will determine the entire market. and that's just my own thinking.

This is a new step to see prices rise again from a few months ago but this is not the price that everyone expects for now.

Cryptocurrency market just 9 years old and bitcoin as pioneer in cryptomarket. Bitcoin become main crypto in market because the value and liquidity is biggest in market. It is true that bitcoin dominant should be not more than 50% because it make altcoin can not grow

I fully agree with this statement. Of course, there should be relative freedom in the cryptocurrency market, they can not all depend on one.

As long as most coins are trading only with Bitcoin (https://coincodex.com/crypto/bitcoin/) that’s gonna be the case. You can see how Binance coin (https://coincodex.com/crypto/binance-coin/) does not follow Bitcoin since it has plenty other pairs.

I think stablecoins such as DAI (https://coincodex.com/crypto/dai/) can solve this issue.

Bitcoin is the number one on the market with large number of investors (largest market cap). This has made Bitcoin to have a lot of influence on the entire market. Most coins are also paired to Bitcoin on the exchanges, hence an increase or decrease in Bitcoin price affect the coins paired to it.

its all because bitcoin is the king, and many coin or other altcoin need bitcoin to convert it into real money, because the cryptocurrency dominant in bitcoin, every exchanger usually receive bitcoin payment than other payment right? so other people that have other coin like Zcash, NEO need to change it into bitcoin before withdraw the real money

I totally agree. Any monopoly in any sphere implies a weakening of the market or structure. In the absence of competition, institutions quickly atrophy and cease to develop, resulting in stagnation. In the crypto-currency environment, this can lead to a slowdown in the development of technologies and it progress.

Its good that we should put bitcoin in better place but most people involve in crypto always want make a speculation and make profits from it. Bitcoin is new monetary system model and i am believe people involve in cryptocurrency will make it better

Yes..Because the bitcoin is a kinds of coins and it depend the value on currency either it is high and low price. The market as well depend the government.

Every coins is like an Ico projects that every coins have a own way to release and every project is also different compare it to other coins and also for their names.

Saying that bitcoin should not determine the market price and coin circulation is like asking nature not to determine how natural occurrences of the day should be. Bitcoin is like a brand name, it's is like a category name even. Once you hear blockchain and cryptocurrency, you think bitcoin. So whatever it is happening with bitcoin will surely affect other coins too. Take for instance, if the bitcoin drops this minute, other feeble heart holders of the bitcoin will tend to sell of their coins in fear of loosing it to nothing. This will affect other coins on the exchange system. people might say, since the almighty bitcoin is loosing its value today, other coins might phase out soon so in that case let me self off these coins before the market depression hits me.

The cryptocurrency market is a decentralized market and bitcoin does not entirely control the cryptocurrency market but bitcoin can influence the market on a high note, bitcoin most time take the lead whenever it comes to price movement and since bitcoin is the mother coin all other cryptocurrencies depend on it for price moves.

Bitcoin is the first and most popular cryptocurrency, bitcoin also has the biggest influence and has gained investor confidence, and therefore bitcoin has a major influence on the crypto market.

Bitcoin is the first growing digital currency in the world. I started my online carrier with BTC when it's rapidly spreading. Bitcoin dominating over the whole crypto platform i think. And that's why BTC determine the market value i thought that in my sense. I don't know why you going to disagree.    

I agree with you, Bitcoin is too familiar and has a certain position in the heart of everyone. With the number of investment capital in the top one of the market, there is no reason Bitcoin can not determine the market.

Have you ever seen a weak king make a small country into a high power? So when the Bitcoin dump causes all of the ALtcoins to be affected, but it goes up quickly enough to take its entire population up fast. Do not worry when things get worse just because it's terrible.

That's the beauty of decentralisation, taking power from a central authority and democratising it and I think we shouldnt expect less from Cryptocurrency. A single crypto shouldn't determine the market.

Bitcoins should be the main determinant of the crypto market. Bitcoins dominance and volume is a proof that it moves the market and it been used as the determinant of the other coins price in the market is just on point.

I can't say that I agree with this statement. To my mind, it is better to use btc as the coin for the long-term hold. It will determine the market for long time and you should accept this if you want to succeed

It doesn't fully determine the market, if some shitcoin goes to the moon because of BTC rise in value people will dump and price will go downhill, but yeah, bitcoin price is good indicator of current crypto climate.
But it's good thing for Bitcoin itself as it shows it's very valuable asset that people will happily hold instead of alts.
For an altcoin to be not dependant on BTC price it should represent something more desirable that bitcoin, either because of it's profit potential (some kinds of shares) or stability (gold etc.).

Bitcoin is the king of all crypto currency in the industry, which has been in control over the market, for example past six months now bitcoin price has been dropped and it affects other alt-coin in trading platform.

because the biggest cryptocurrency right now is the bitcoin, so bitcoin have the power to determine the market, we can see there ar amny cryptocurrencies that affected by bitcoin price, I think In the future they can give the value by their own

Currently I dont think there is anything anyone can do about their dominance. Its not a free gift because we can say if not for Bitcoin, other cryptocurrencies would be no where to be found. So I think its deserving for it to dominate becausee simply anyone would also do that.

Bitcoin is not just the most famous cryptocurrency. It is also a “checkpoint” for other digital coins. Many investors buy alternative cryptocurrencies in Bitcoin. Thus, many digital currencies are connected, and the fall of Bitcoin can affect many of them to a greater or lesser extent.
The most bitcoin-dependent cryptocurrencies are:
Ripple;
Ethereum;
Bitcoin Cash.

I think this is the most decentralized bitcoin can ever be. Literally, no one is regulating bitcoins. This is because if you add this 'certain feature' people are clamoring about to some how stabilize the whole market, then this becomes centralized. Meaning the main feature of bitcoins have been defeated.

I think bitcoin greatly affects market prices, but truth is not. Because the other coins have their respective prices that rise and fall don't depend on bitcoin alone. They are the same as bitcoin, the price depends on number of enthusiasts.
So the point is that it determines market not bitcoin, but the number of interested ones.

bitcoin can't determine the market it's true in my opinion that the development and future of the market depends on the investor itself, the more investor interest in investing if bitcoin can reach the global currency, it can possibly be done

Now crypto market is very expanding and even one coin can not show the real picture of the  market and through crypto we can do many transaction with out bitcoin we can pay all other coins in exchange and bitcoin has a high value in the crypto market but still we can not wholly dependent upon bitcoin and we connect every ting with bitcoin then market will collapse with bitcoin fall.

As long as Bitcoin has the highest level of capitalization, it can dominate in price terms over other types of cryptocurrency. I also do not like this state of affairs. I do not know how long this can last, but this is not normal for a decentralized market. A decentralized market with tight centralized price controls on all other types of cryptocurrency is abnormal. I think that the market itself will soon find a way out of this situation.

Bitcoin dominance will last for more than 10 years as I think. BTC is too popular to give its leadership to some other altcoins. Naturally, this crypto will continue to control the market.

I think this has been so because Btc acts more like the central coin. it is involved in almost all transactions such that to even transact between altcoins, in most cases you will use Btc midway. Until this changes, Btc will continue to control the market.

You don't get to decide, is very easy to think that the rest of the altcoins should have more dominance over the market and I agree that will be a good idea, but when you see that more than 80% of the projects are scams and that a significant number of the rest of the projects are useless coins that are never going to be used for anything other than to try to make money then it is very easy to see why bitcoin is such a dominant force in the market.

So until that changes it is quite obvious to me that the bitcoin dominance is going to be as high as it is right now and it is possible that it goes even higher, after all there is a big reason why bitcoin is the most trusted coin in the market, because unlike most coins satoshi did not ask for public funding to release bitcoin.

One cannot easily say that bitcoin always determine the crypto market. There are many factors that determine the price of the various cryptocurrencies and bitcoin is certainly has a big influence on the crypto market. I believe many of the altcoins are just following the footsteps of bitcoin.

That's very bold statement.
All it's needed is one hack/ bug to bring any cryptocurrency to its knees. Not even mentioning other coins constantly trying to dethrone the king BTC.

Bitcoin is the GIANT of all cryptocurrencies. I see a lots of issues and problems if we didn't allow bitcoin to determine the crypto market. Infact  I  haven't still see any coin that have the same ability and focus of bitcoin in the crypto market. So I will say Bitcoin should determines the market.

I think with that statement, it is hard not to determine the market. First of all the market really affects the value of bitcoin. Then bitcoin is the first and ever crypto currency in crypto world. Its safetiness in having and using was also proven and tested.

When something bad happen or there is a bad news, all of the cyptocurrencies start to fall. Then people think that all the crpytocurrencies are falling due to bitcoin fall. No, the reason is not bitcoin. The falling is normal. Because that news is related to all of the crpytocurrencies. When a country ban bitcoin, they are banning other cryptocurrecnies too.

It so happened that Bitcoin is number one in this market, which is why it defines the trend. There are other options?

It is true and think this has happened due to the demand level of bitcoin and most investors and traders determine the entire cryptocurrency market by considering the bitcoin price level so even a slight variation in bitcoin price makes a huge change in other crpytocurrencies so even there are so many altcoins that has many potential they don't get the right place in the market but I hope this will change in the future

Of course I agree as the first digital currency in the world the demand and the popularity that has gained by bitcoin is immense and that has made a negative impact on other  cryptocurrencies because every time bitcoin price decrease with or without a reason there is a tendency for other currency price to follow the same path which is really bad because if the entire crypto market rely upon single currency the risk level is very high and it reduce the progress and demand in other cryptocurrencies

but the fact is bitcoin is the determinant of the direction of the price of all altcoins, I also think so how does bitcoin not determine all markets, if altcoin determines the market price itself is better

The author is right. All investors and traders come to the cryptocurrency market from classic markets. And since in the classical market such rules are in effect, they bring these rules to the cryptocurrency market as well.

For the whole crypto world to really grow, I don't think that Bitcoin should be the determining factor upon which the whole crypto world is determined. The other cryptos fate shouldn't be tied to what happens to Bitcoins. It's not fair and it would not help the other coins grow.

This is not a place for passion or love. This place is for people who need money and love money. I would like to confirm that and I estimate that over 80% of all participants in this market are illegal and manipulative. Blockchain technology is just to make making money easier for big guys.

Being rhe pioneer and the most popular coin,same as the highest capitalization in the market,you cannot blame investors to just rely about the bitcoin value to control their coins,because they believe that when bitcoin drops,altcoin for sure will follow,because bitcoin holds more than 50% of the whole crypto community

Well, Bitcoin gained momentum being the first player in the crypto industry and that has nothing to do with driving the value of the entire industry. There are many good innovations out there based on blockchain which have the potential to optimise the current system in many sectors but those projects are not yet developed hence they are not capable to drive the value of crypto industry at this stage. However, the situation will definitely improve down the road.

It so happened that Bitcoin is the number one cryptocurrency. Therefore, it leads all other assets. As in real life

Bitcoin is not stable, and this is my favorite thing about it. If Bitcoin is durable and low volatility, then Bitcoin is not itself, you can make a lot of profit if it is not stable. You can not make a profit if it's stable and when it's like a save of assets.

And this is actually the main problem over here. People here are just taking advantage of the volatility to make profit and thus using it as a store of value to make more profits in the future. But in fact, bitcoin and other crypto currencies were made to just use it as a currency to make our casual transactions instead of using fiat currency. Unfortunately, people are using them as a long term storage, thus delaying the adoption of crypto currencies to be used as a regular currency.

I think this stuff might be done deliberately with bots... Your Cryptocurency gets "infected" once you expose it to Centralized exchanges.

 My theory is that fiat are being printed continuously to buy/sell some stakes on "exposed" Cryptocurencies.

The best way to prove this theory right or wrong is to develop a great project/Cryptocurency and avoid listing it on certain/all exchanges. It will fluctuate naturally and not be determined by Bitcoin or any other coins.

Bitcoin is the first and most powerful cryptocurrency on the market. it is normal that he defines the market and always will be. You can draw a parallel with the dollar which also dictates its own rules in the global economy as it is the strongest fiat currency

I really do not think that is a bold statement, bitcoin has been the leader for the market from the very beginning and there is nothing suggesting that is going to change, while you talk about the possibility of a hack or a bug in the code of bitcoin if there was such a huge bug that could destroy the bitcoin blockchain then I am pretty sure the the governments around the world would have used it already the same way they use any vulnerability they find in other software.

So in my opinion the view that bitcoin is going to rule the market of cryptocurrencies for decades is very realistic and I do not see anything that could suggest that scenario is not going to materialize.

Btc do control the market not because it is the first but cause all coin are paired with btc value and also it control the large no of market cap which is also enough to affect the market, btc move also affect alts price due to its price and the paired of btc to alts eg btc value @$10k and another coin price in btc is 0.01 which will be $100 and once btc move up to like $12k the alts will automatically dip in btc value but might be the same in $ value which will be 0.0082-3 in btc and if the market see a large position of btc going more than the $12k then all alts holder fomo and drop the alts which will now give more less price in both btc and $ value.

I think Bitcoin should manage the entire crypto currency market. First of all, it is already well-established in its properties cryptocurrency, leading in the crypto currency market. If there is no leader in the market, there will be no management, there will be chaos.

Most coin price in market calculated with bitcoin price. If bitcon price going up, most coin and token following and vice versa. Bitcoin is main crypto in market and thats why bitcoin price affecting most token and coin in market

The market is influenced by a lot of factors and not Bitcoin alone. Bitcoin has gained an impact on the entire crypto market because it is first and most coin to capitalize the market with large numbers of investors. Because of the huge number of investors in support with Bitcoin, any FUD set in Bitcoin cause these investors to ward off from crypto affecting the entire market.

indeed it looks like bitcoin is driving the market. but I do not fully agree with such a view. bitcoin is also like other crypto whose prices are determined by market response, that means the market has control over the movement of values ​​from crypto. the decline and rise of bitcoin that occurred in the market was also influenced by the market response to the circulating crypto issue. But indeed with the state of bitcoin that has a very high value, it will certainly have an impact on other crypto because bitcoin is also a benchmark for the exchange of other crypto values.

Bitcoin will dominate the market for many years because it is the most adapted crypto in the world. However time will come when bitcoin will lose it's top position and then we will see new coins rising to the top.

I won't categorized this as a problem because the most recognized cryptocurrency is bitcoin now imagine how many people and organization use bitcoin as means of payment, the only thing that can change it is when people stop using bitcoin and go after other coins so bitcoin will lose its ground and low value follows

I'll be short and clear, the majourity dealers around the world have BTC, don't you see the  gossip of 15.000$ and 100.000$ so no one wants to miss the chance or buy it late after rising.

When people start investing, they always invest in bitcoin first. If there are more exchanges to support fiat pairs, down there should be some sort of better system put in place otherwise we are just creating a system that is just the same.

Actually every currency do it follow Bitcoin market,I have to say don't forget real buy opportunity because will get long profit after Bitcoin price up. Prosper big trader people don't follow Bitcoin price,up/down it their own opportunity.

well since we are still in the early stage of the crypto and bitcoin was the first one that was developed, it is clear why is it dominant and will remain control for the next few years.

Bitcoin is the oldest crypto asset, so it will determine the value of all the others. The cost of Bitcoin as the oldest, well-known and stable cryptocurrency, is an indicator of investor interest in the entire sphere.

In my opinion, whatever the conditions. The price of bitcoin, the tendency is determined by supply and demand in the market. And now, because there are so many people who panic, causing prices to fall so deeply

The cost of bitcoin affects the market only indirectly, since the cost of bitcoin itself depends on the same factors that also affect the rest of the market. But many people confuse the concept of the standard, which at the moment is Bitcoin and the value factor.

That's right. I mean, it's not that Bitcoin controls the market; however, we can't discount the fact that since it's the pioneer and has the best value around, people would want do trade it more and use it in transactions as supposed to other coins that have a lower value and a lower chance of return. Many other coins that have good standing before have already gone down, while some even died out, but despite all that, Bitcoin remains strong, so there you go. People would always go for the best.

I think that the cryptocurrency market will always focus on bitcoin as the very first and main cryptocurrency. Moreover, the majority of investors see in bitcoin the prospect of becoming a major global currency.

Bitcoin does not determine the market, but the problem is that bitcoin is the main coin and is a trusted coin and the adoption rate of bitcoin is very high compared to other cryptocurrency, because of the high demand for bitcoin, bitcoin can affect the market.

Until recently crypto price movements were based on the movement of bitcoin prices, because almost all altcoins followed the movement of bitcoin prices, when bitcoin experienced a very drastic price reduction almost all altcoins followed the decline, although there were some altcoins that experienced an increase in price for sure because there are a number of people who deliberately play the price to attract attention for investors to be able to invest in it.

I think the market determinant is Investors not Bitcoin, Bitcoin is only a benchmark for comparing the price of cryptocurrencies on the market, indeed when the price of Bitcoin rises, the price of other cryptocurrencies also goes up too. actually, it's just a puller, so the others come to buy, CMIIW  :)

I will tell you, other coins, just keep on credibility bitcoin, as even the most high-end coins have not shown even a single really working product

although bitcoin doesn't have to determine the market but there are so many cryptocurrency that price movements depend on the movement of the bitcoin price, so it won't be possible for the altcoin to have price movements without any price movements from bitcoin.

There is always going to be one coin that is the leader of the market, this is true not only in cryptocurrencies but in all markets as well, just look for the US dollar as an example of a coin that is the leader of the market and if for some reason it stopped being the leader then another currency will take its place, and while many have speculated that another coin could take the place of bitcoin that is not realistic at the moment.

To begin with the market cap of bitcoin is huge and it is the only coin big enough to perform that role and second the remaining candidates like ETH and XRP have several fatal flaws that will never allow either one of those coins to ever take the lead of the market.

I think that is not a good thing that determines the price of BTC with the entire market. I think there is something that must be done that makes the crypto market more decentralized where the price of BTC does not swing the market up and down there must be a better system than if we only make the same system with the most "reliable" system that determines all market.

Bitcoin has many competitors and new altcoins appear all the time, but it won't be able to shift the dominance of bitcoin from the crypto market. This is because bitcoin is the first, most expensive, most popular and proven to have created many millionaires throughout the world. The history of bitcoin prices in December 2017, made bitcoin hunted by investors.

Not only btc but also Ripple and Ethereum rules the market. ETH and XPR, and even EOS, are already well-known to big players. As for smaller alts, they are not liquid enough.

In my opinion, up to ten years into the future bitcoin still dominates the crypto market. But after that the situation can change, because there are several altcoins whose positions are getting stronger, such as Ethereum (ETH) or Dash (DASH). The crypto market is indeed dynamic, because its users are not fanatical about one coin but are interested in coins that provide benefits.

Right on. The better start would be to remove BTC pairs and start pairing altcoins with something else.

Its should be but how can be this possible if the mentality of most of the crypto users are treating Bitcoin as the most promising and the most potential crypto in the market? Maybe Bitcoin will lose the power if there is major conspiracy that will happen just to crash Bitcoin and step up some Altcoin but this will involve a huge financial resources to make this possible.

In this case, Bitcoin is deservedly the most valuable asset. Only thanks to him all cryptocurrencies and the crypto market as a whole exist. Perhaps after some time, Bitcoin will become primarily a subject of collection (as now art objects) and this situation will change.

Ordinary people cant solve the problem you voiced. For us, once again this issue will be decided by the management of our states. So I strongly doubt that something will be created that will improve the position of ordinary traders in the world of crypto currencies. So, perhaps right now, we are in the market when we can do what we want and get what we want for it. And this volatility only gives attractiveness to this market and gives us the opportunity to earn. Just think about it.

For someone outside the crypto community, bitcoin is crypto. It can't be helped that btc's movements in a way influence the market as a whole. Bitcoin anyway, brought awareness to this market so i think that's understandable.

Yes, I also reflected on this problem and so far it is impossible to find an adequate solution. Now bitcoin performs the function of the dollar in the Fiat currency and it is very sad. Indeed: what happens to bitcoin should not affect the price of other currencies, as they should be independent and free. I hope in the near future someone will offer a worthwhile solution.

Bitcoin's price dominance over other types of cryptocurrency will disappear much earlier than ten years later. I think that in the next two or three years. The cryptocurrency is really developing now and will be developing very dynamically, there will be a lot of promising coins and tokens on the market, and therefore the price between them will gradually level off. This will happen regardless of whether someone likes it or not.

The bitcoin system does not control the market and all other cryptocurrencies. People do. When people decided by themselves that it is no longer worth the risk to continue with bitcoin on a given time. They would decide to withdraw some of their coins which resulted to others doing the same like a chain reaction thinking that prices may go down as well even if it is an altcoin. FUDs played a very big role for this. It creates panic when there is no need to. Also another thing I could think of is that many have trusted bitcoin due to available support like bitcoin ATMs which means that they would often use this device as the last step of the process of withdrawing money from altcoins to bitcoin and thus as a result bitcoin movements maybe more similar to the altcoins as if bitcoins control the entire cryptocurrencies.

Bitcoin is the most reliable and leading currency in this market. For this reason, most of the investments are in bitcoin. Every investor is necessarily taking bitcoin.

Unfortunately everything is tied to bitcoin except for stable coins which are tied to the USD. Some like Ripple were for a while free from the power of BTC and remained stable while bitcoin tanked, but then it also dropped so nothing is immune

But nevertheless, despite such a large drop in the price of bitcoin, some coins are still growing. For example, XYO. This coin surprised me quite a lot and allowed me to earn with the help of trading strategy.

it is so unfortunate that people wish that bitcoin should not be the determinant factor of the market but then it is obviously not a great idea.When all the coins have in one way or the other a trading pair related to the bitcoin then there is no option but for you to assume that all coins have their reference point pointing towards bitcoin

This situation is common in the market, where a coin that is considered very popular determines the price of another coin. Of course this is related to the fundamental thinking of each coin holder, they tend to follow the trends

if I don't think Bitcoin needs to be a determinant of prices on the market. If that happens. then there is cheating. because all crypto has no freedom. because it is tied to the price movement of bitcoin

A very important role is played by the fact that bitcoin is the first cryptocurrency in the history. And so it even after ten years is more expensive than all the coins and has a strong impact on the rest of the cryptocurrency. And it is quite logical.

Why not ? Bitcoin should be the main determinant of the crytpocurrency market , considering it covering more than halve of the market capitalizion and also been the most popular cryptocurrency.

Bitcoin is still the backbone of the cryptocurrency market, and if something negative happens to it, it affects the entire cryptocurrency market. He is a leader in capitalization, and therefore he pulls all the coins down.

Bitcoins should be the main determinant of the crypto market. Bitcoins dominance and volume is a proof that it moves the market and it been used as the determinant of the other coins price in the market is just on point.

It seems to me that this will always remain so. Bitcoin defines the entire cryptocurrency market and even 10 years after its creation and despite the huge competition, it remains the leader and has an impact on all the coins that exist now. We just need to take it for granted.