Bitcoin Forum

 A question arises when we think of the possibilities that the leading cryptocurrency bitcoin is related to other altcoins such as ETH, doge, litecoins and etc. Bitcoin price directly influence the other altcoins. but their relationship is not that predictable. One interesting thing to find out is whether ALTCOINS with the same state has a value relationship. It is when we analyze if there is a direct and indirect proportion between two altcoins that we compare especially, their market value. ICO's goal is to create a new Altcoin. This concept might affect the relationship of their value since, investors are fixed with their desired ICO, there would be a low investment to the coin offering because of the increasing number of ICO and altcoin. Investors are divided meaning to say that not all of the ICO would have the opportunity to succeed.


What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?

I believe that Bitcoin acts like a representative for altcoins. It's like what gives an impression to the cryptocurrency in general. So if people are positive in bitcoin, they are mostly positive in altcoins too.

Well, everything is traded to Bitcoin on all exchanges, and only then on another Altcoin. The price of a coin is determined by its market demand and supply. Other factors, such as fame among the community and the receipt of dividends from it in a certain period of time, have little influence. Also, much depends on the developer on his belief in what he creates in the cryptocurrency world.

The overall value of an altcoin depends most importantly on the premium place on the coin by the token. This to a large extent is dependent on the use case of the project and it's impact on the crypto space, demand and supply of the coin will determine it's price. If there is low demand for the coin, it therefore implies that there's not much premium placed on the project and as such the coin will be not be healthy in the market. Inversely, should there be high demand for the coin, it means there's huge premium placed on the project. It therefore means that the price will increase substantially overtime.

Furthermore, because the overall market is to a large extent influenced by the price movements of BTC, it therefore affects the prices of altcoins positively and adversely during its price swings. This is because a lot of alts are paired with BTC on exchanges in order to be able to trade them.

I think there many factor that affect altcoin price bad news and good news, and sometime if bitcoin price increase that also affect altcoin price.

It is not always the same but back in the day (couple years ago) when bitcoin went up the altcoins went down because of obvious financial reasons of altcoin not losing dollar value but lose value against increasing bitcoin prices.

Moreover, last year during the huge bull run at late November- December the bitcoin price was going high, it went from 900 dollars to $20k in 6 months yet all other altcoins followed as well for some reason instead of dropping value, eth increased insanely and made bunch of miners happy for example. Yet today we again see if bitcoin goes up other altcoins go down, like the old days.

The relationship between Altcoins and Bitcoin is not direct. If one altcoin's price increases that doesn't necessarily affect other altcoins or Bitcoin. BItcoin generally presents itself as the representative, being the first and at the top of the value chain.

Stupidest but most accurate answer to both of these questions is that total market cap is greatest factor that affect price of some altcoin. There are great projects now that are in the red for a long time, and trading their coins much under ICO price. So we need new investors and fresh money and then even mediocre projects have huge profit!

Bitcoin and altcoin are closely related. Bitcoin is the father of electronic money. Bitcoin has a great influence on the electronic money market. As bitcoin prices increase it will increase the altcoin. The electronic money market is dominated by bitcoin. All altcoins are dependent on bitcoin.

i think bitcoin is now high im in altcoin

there is no relationship between bitcoin and altcoins and their prices. people make this relationship because of what they think is true and then perform based on that assumption so we sometimes end up with a certain behavior so you might think it is actually true.

the only thing that i can think of to be true is the behavior of traders who are in this market. they want profit and whenever bitcoin is stable they move to pump altcoins to make profit.

Altcoin is indeed in a bad condition and now more investors need to be able to increase the cryptocurrency market. In relation, bitcoin and Altcoin cannot be separated. When Altcoin experienced a decline in the market, it was very clearly affecting the development of bitcoin. So both have to get the same support and this is a step towards the cryptocurrency era. That is an era where all financial transactions will be digital.

Prices for all tokens depend on demand and supply only. There are some tokens which do not fall under the influence of the whole market. Others depend on the price of bitcoin. If bitcoin grows fast people begin sell alt coin and buy bitcoin. If bitcoin fall fast people begin sell altcoins and stay in cash waiting the bottom of bitcoin price.

I believe that btc and altcoins are correlated with each other where in most cases either be it's bullish market or bearish, they have the same market trends. For me, btc is always the baseline in every market conditions and this is what I usually observed when I started to monitor the current market condition.

many factors influence the value of altcoins such as positive news about crypto, demand for coins in the market and I think bitcoin prices also affect other altcoin values. because bitcoin is the parent of other coins automatically if the value of bitcoin falls, the altcoin will follow it but only partially and not all ... but in my opinion, increasing the value of coins depends on market demand, so if a lot of automatic coin requests will also increase as well as vice versa .

I believe on the same thing. There are times that when Bitcoin is going strong some altcoins can be doing the same thing but there are also times when the opposite happened. In my view, the movement in altcoins depends on the factors that directly affected them individually and not collectively. Of course, this is quite related to the law of supply and demand and if one altcoin is doing all it can to make the project really look good and useful then I think the market can be reacting positively. Ascertaining the connection can be so difficult especially in the world of cryptocurrency where things can happen even for no reason at all.

Bitcoin is the main factor affects to Altcoins price, they find the way to get out of the depend in Bitcoin price for years but it's impossible. Stable coins still can't help altcoins less deppend on Bitcoin.

All Altcoins, along with Bitcoin, play on exchanges in the same size waves. Day trading it can be seen with the naked eye. This pattern sometimes gives positive results when making a profit.

This applies to most altcoins, but there are exceptions. Like Ripple few days ago, Ripple done 50% when other altcoins and Bitcoin had red numbers.

 



The goal of any ICO is to launch a new project, not token. Tokens are used for empowering and monetizing the project. You have a wrong approach.

Altcoins price has huge correlation to Bitcoin. Their price move together with BTC as it is the market
leader with over 50% market dominance and it dictates the dirrection. As the market becomes bigger
in terms of volume this correlation will be weaker.

You're right about that there are so many projects right now even those without a post to this forum for the announcement of token sale or the project development, it's hard to find a decent one these days with the same field different ICO's offering that they have a better one, for the question its pretty obvious for the answers and for the last one of their relationship is that they are built on the blockchain technology.

The price of all coins depends on bitcoin because It is a benchmark for the market, this is a reference coin

Of course the main difference between the two cryptocurrencies is the speed with which they can be mined. A block consisting of 50 litecoins is mined by a common network of miners every 2.5 minutes, while the same block takes 10 minutes for bitcoins.

their platform or product is a fundamental reason that can create growth and can increase its price. like the BNB which has binance exchanges, because every day the user continues to grow and the trading volume continues to rise, then this will automatically create a demand for the BNB.

through your explanation, i think altcoin rate was defend on market situations and the most important was bitcoin itself as parameter for altcoin price in market.

The connection between bitcoin and altcoin exists, since the latter are traded in pairs in bitcoin, and their price directly depends on the value of bitcoin. Also, the price is formed by the users themselves, since they create a demand for coins, and accordingly, with an increase in demand, the price increases.

We can say btc is the king of crypto space. So we can understand markets situation ( bull or bear ) from btc price chart. So because of that altcoins will move together with btc. Because btc is determining the general market condition. If you are saying why alts increasing sometimes with btc but sometimes not increasing with btc. Because sometimes we can see manipulations in market. ı believe whales sometimes try to pump altcoins because they want to earn btc. and after that they dump that btc like that.

Litecoin has a lower transaction time, which means that payments for goods and services can be confirmed faster than bitcoin. This is a very important point for retailers. And another difference is the number of coins available. Litecoin can be produced 4 times more than bitcoins, namely 84 million pieces.

The relationship stems from the trading pairs that all of the altcoins have with bitcoin. When there is trading pairs and the price and volume of bitcoin goes down then the value of the altcoins go down too since that means that there is not as much volume of bitcoins going into trading the altcoins too. That is how I understand it though

For now it is slightly better compared to Bitcoin, but it won't last long because Bitcoin's development is improved extremely fast compared to any other cryptocurrencies. Also do not forget the fact that Litecoin was created based on Bitcoin source, personally i interesting into something original other than a copy.
why ? it is because they knew what they were doing before and i believe they also knew how to make it better from before compared to others who created something based on others.
in the end i believe Bitcoin will surpass it.

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For now, altcoin only has one goal which is as Bitcoin generator too.
even if they have something so called 'partnership', it won't help them out that much and they still need Bitcoin to fix everything.
that was why when Bitcoin plummeted from $20.000 before into this level, a lot of alts(basically everything) were moving down crazier than Bitcoin itself.

I see coin prices increase depending on the platform they develop, or the continuation of the platform. Suppose they create coin exchange and exchange platforms get support from various coins, then the coin will quickly remember the price. For example, a coinmaker creates a coin about hospitality by paying a hotel by coin, then the coin price will increase, because enthusiasts will always increase and the coin turnover will run smoothly.

my little opinion is, there's someone still manage to manipulate the market price, it just like stocks market, im not good in these theory, just my guard instinct

The relationship between altcoins and bitcoins are the trading pairs that exists between the two of these coins. If they are paired together then whatever happens to the price of bitcoin is what happens to the price of the altcoins. that is the relationship between them. The altcoins are what help to bridge the gap that is left by the supply of bitcoin

Alts are closely linked to Bitcoin. When btc drops, usually alts drops too and vice versa.

I am basically a huge supporter of cryptocurrencies in general. However I think that Bitcoin will go way beyond 20K mark. Not because of the tech but because it acts and the leading crypto. I know that this will not be the case forever but I'm pretty confident that no other currency is going to replace bitcoin for few years (in terms of popularity - not the market cap). I'm a huge supporter of waves, Iota and stellar.

Of course this is closely related, between bitcoint and altcoint, if bitcoint rises then altcoint will also follow it and vice versa, bitcoint is the parent of all coints

That depends on the hype of the platform if you said that but there was a lot of icos with a real working product and they can't even achieve or getting a lot of demand to pump the price of their token. this a little bit strange but that's the fact that has already happened in crypto. Even a crypto with full working product can worth nothing

Since all altcoins prices are tied to bitcoin thru the exchanges, then everything in crypto is related to it.
If trading of altcoins will be de-coupled from bitcoin, then we'll see it's dominance decrease.

there are also altcoins that are not able to keep up with the growth of bitcoin prices when the price of bitcoin rises and it turns out that there is an altcoin whose value is decreasing. usually, altcoins that are unable to compete in the market will die or have no value. You should only invest in bitcoin to avoid bad things.

The market still new and still on it's progress that's why everything still tied with bitcoin, if things works properly and most of those real project dominate from its target venue maybe we will see things will change and everything won't relied with bitcoin but those alts will have its own progress even without comparing with bitcoin we are still looking forward to see this when crypto market will succeed being adopted all over the globe.

The only relationship I see between the two is the ideology behind Blockchain! But more to it is the fact that $Bitcoin being a pioneer is the word "Blockchain" itself there is no where you hear "Blockchain" that $Bitcoin isn't mentioned! Even when you talk about other coins, you can't help chipping in $Bitcoin at some point! Bitcoin detects the pace of the market for altcoins, where $Bitcoin suffers demeaning criticism, altcoins aren't left out because the parent technology "Blockchain" is a common idea that both $Bitcoin and Altcoins share!

The relationship between Bitcoin and Altcoin are inverse in cryptocurrency trading market and complimentary when it comes to code, development and prospect and adoption!

Its a given thing specially because the codes are opensource. But in relation to its prices, I think its the traders that give gives significance to each. When tokens are dumped in exchange of BTC, literally means the demand of BTC foes up while price of that token goes down. Same thing when we do it with USDT which was very recent.

Bitcoin is a basic coin that is able to find other altcoins in crypto, many people who want to create altcoins to be able to develop as in bitcoin, but this is not as easy as we thought. The value of bitcoin greatly influences the value of altcoin because it is a parent coin that is able to expand widely and a variety of good or bad news certainly affects its value.