Bitcoin Forum

Hi there! So many people say that btc and alts are connected, and some of crypto participants even suggested that there are other things that affect the course of crypto. I am not that smart or experienced so I ask you guys to help me. Is it possible that prices for gold, silver and crude oil are connected with crypto somehow? I've noticed that that price for silver has dropped and it usually means that some changes in prices for gold and platinum will occur too. What crypto has to do with it or there's nothing in it? Am I imagining things? I feel some kind of panic, I know it's different fields - silver and crypto currency, yet after witnessing such crash I strat being paranoid about any drop of prices. I half expect btc crash even lower. So what's your opinion, is crypto currency independent and can't be altered by anything or is it still has some ties with another trading values?

i think that there are many things that can affect prices something likenpolitics for example
i believe that politics influence a lot

In my opinion, there is more than just one factor. To my mind, the best way to find out this is to enter the market and follow the prices. You should learn more about the factors like supply and demand

there are a lot of things that can affect prices and i think that the history is the one to blame and some statistics maybe

as for me i helieve that supply and demand are important of course it is silly to deny that but politics is also important

In my opinion whales and manipulaters affect the price.

They need to do pump dump for earning money..

I don't think so that they are connected somehow, they are individual markets but crypto's on the better hand because of being decentralized.
AFAIK, there's nothing to do with it.

Crypto in general isn't back up with gold, oil or silver unless an altcoin is really backed up with those.

Do you hold those fine minerals? maybe you are affected so you are thinking too much.

What I've noticed, I'm not sure if it has ties with stocks because stocks has been done as well.

It's not independent, crypto is a speculation market that sentiment to the any news come from the media. Remember when ETF gets rejected and USA said a bad thing about crypto and that gives a huge bearish trend and it can be manipulated if you have a lot of money.
You can see how petro was trying to create a crypto backed with oil but it's totally fail.

There are so many factors behind the changes in crypto price, but you can generally sum them up as either FUD or FOMO. FOMO factors are basically things that improve the perceived value of cryptocurrency causing people to buy in and hence inflate the market, whereas FUD are things that are adverse to the market, such as negative news and technical issues, causing money to exit the market.

The demand i think is the biggest factor which highly affects the market value of every crypto for a long run. It also has something to do with the market capital of a coin especially for those newly listed ones. Ofcourse, large market cap will result to large supply and low demand which perhaps would give an assumption that the price will be lower than the ICO price.

In any field of trading or other market platform understanding economics is very essential then they same rules applied to supply and demand and what affects the crypto price is still supply and demand but there are factors to consider to generate supply and to create demand but it varies from crypto to crypto.

I am not so sure that some coins are really connected and affect the price of other coins because to my knowledge that the price of coins is determined by how much market demand and how much total supply is so I don't think they really influence each other, just because bitcoin is down so people don't want to buy other coins because the decline in bitcoin prices indicates that the market demand for crypto is decreasing

Here are the factors that I know that affect bitcoin

1. The buying and selling of the bitcoin and altcoin.
2. People do manipulate the market.
3. People are holding them.

All in all they do it the same time and that is why changes occur.

Plus yes there are many factors one of the factors the I said may not be in the option that I gave. Also I do not see Gold and selver in the factor of cryptocurrency correction in the market.

In my opinion it's whales game so you just need go with the flow . Time will come btc and altcoin will pump and probably make a bull run but also same thing with dump after 2 -3 months .

IMO, the rate of the cryptocurrency market is mainly focused on BTC and ETH. And these two cryptos are most influenced by ICO projects using BTC and ETH technology. But now most campaigns use ETH blockchain technology leading to the drop in ETH exchange rates in the past two months as ICO projects sell ETH simultaneously.

I think both whales and manipulaters are same because they are all the controlling the crypto market. But in the world number of big shots are available so they are enter into crypto investment automatically market will move to positive way. So demands are increase in the market we will get good result. Secondary supply also need so all the miners also important to mine the Bitcoin and altcoin.

to date, unfortunately the price of cryptocurrencies is still capable of being manipulated by several groups (whether I don't know that). But indeed this is true. And also another possibility is that there are many media that increase FUD information on crypto and blockchain itself which certainly has an impact on prices

The most recent event has seen activity in an old wallet, which is filled with old Bitcoins. Some claim that the wallet contains around 111,140 BTC, which is 0.52% of the total BTC supply. Recently, the wallet started sending large shipments of coins to certain crypto exchanges, namely Binance and Bitfinex.The owner of the wallet is unknown, but the Reddit user u/sick_silk, the one who originally noticed the wallet activity when it first started happening, has speculated about who might be responsible. According to sick_silk, it could be a whale that aims to disrupt the market or could be an entity from the dark web’s online black market, Silk Road.
Other speculators even proposed the possibility that the wallet’s owner might be Satoshi Nakamoto himself. Whoever it is, the fact is that the wallet has caused a lot of issues in the recent weeks. Its funds have been split into smaller and smaller groups of coin over time. Sick_silk noticed this as well, stating that the coins were originally split into chunks of 60,000 BTC, and then to 30,000, 20,000, and so on. Now, BTC is organized into chunks of only 100 coins each and is ready to be delivered to exchanges.
According reports, sick_silk has been working hard in an attempt to find the wallet owner’s real identity. So much so, that they managed to connect the wallet to Dread Pirate Roberts, the Silk Road’s creator, also known as Ross Ulbricht. Not to mention the speculation about the wallet and the funds belonging to Mt Gox, or even the hackers that hit Mt Gox back in the day.

We as humans are the main influence on crypto. First,i noticed that creating fear in the hearts of people through FUD, can cause serious fall in the crypto space.

I am also not in that smart as others, but I try to give my opinion based on what I ever read in several source. It is probably can be an informative post for readers. As conventional currency, Bitcoin price is also influenced or effected by market demand/supply of Bitcoin itself. So, what makes its price very fluctuative?, because there is no entity control its price. It is price is effected by bitcoin holders. So, if you are holding Bitcoin now, you are one of the men that decide the price of bitcoin. If you sell it, definitely the price will run downs.

Normally we say that supply and demand affect. Apart from this, politics, media, manipulations of big money holders, FUD, anything imaginable affects the market. Also anything that affects the bitcoin price has the ability to affect the entire market.

silvers and golds are not connected in crypto, they are in different field and markets so how do you think that? crypto is cannot affect anything out side it, unless people sold their things to buy crypto or vise versa, each other markets down/falls has their own reasons why, meaning crypto volatile is from investors who use it daily in trading.