Bitcoin Forum

Hello. A newbie is wondering some stuff   ;D

I am follow an account on Instagram that shows how much bitcoin and some other cryptocurrency´s are worth every 24 hours. and something I have noticed is almost every time bitcoin goes up many other also go up.
And when bitcoin goes down many other also go down, of course this don´t apply everyday and all currency´s.

I upload a picture of two days how it shows ( https://imgur.com/YYJRX7F this is two different days and it looks like this)

My real question maybe is. If cryptocurrency´s follow each other. whats the difference if you invest in BTC or ETH or USDT for example. If you invest in all three $1000 each.
How will it look at each invest after example 12 months? I understand its impossible to predict something like this, but some guideline.
If they follow each other very often with +/- then the profit/loss should not be a huge difference?

Are cryptocurrency holding each other hand in hand in someway or are they independent. It seems that they share something with each other that I don´t know anything about.

I am far away from an expert on this but I am sure many on this forum is and gladly hear what you guys & girls thinks about it.


Wish you the the best.
Best regards CC!

They are actually attached to the Bitcoin system like parasites are attached to their host. But some are not really that parasitic as they somewhat benefit Bitcoin, but Bitcoin can exist without them.
They are like blood sucking little creatures. You eat, they eat too. You starve they starve.

The solution is to carefully and gently detached the parasites from the host then they starve and die

I think bitcoin affects some cryptocurrency because the main market uses bitcoin. So if bitcoin goes down and ups also some crypto currencies follows bitcoin. The impact is always there. So don't worry about it because it's been nature in the crypto world.

The reality for altcoins is that, they depend on Bitcoin to make a market change at every point, and since Bitcoin is the driving force for other coins in the market, their price relies significantly on the price of Bitcoin.

But since the volume and circulating supplies of altcoins vs BTC differ it makes the market of the market on various coins differ that iiswhy when bitcoin does a 1x price increase altcoins do an x30-x50 so vis visual.

They are not holding hands for survival, but the entire crypto market depends on bitcoin and its movement. In case bitcoin crashes, the crypto industry will disappear, but if many altcoins die or disappear will never affect bitcoin. That is the peculiarity of the cryptocurrency market.
In this market, when you are investing in many different coins will not help you reduce your risk because it all depends on bitcoin. But they can help you increase your profit if you invest in the right coin because their growth rate is not the same.

I don't think you want to 'invest' in USDT, maybe you mean other altcoins that have more volatility like the ETH you mentioned. If you take a look at how the market behaved in the past, I believe you can learn a thing or two about the altcoin movement when Bitcoin is pumping and then went sideways.

As others have mentioned, if you choose a more volatile alts with low supply, for example, you'll get a higher return compared to if you buy BTC. For example, some meme coins only have 1000 supply and it is priced at $1 each, so going from $1 to $10 is giving you a better return compared to BTC going from $40k to $60k if you buy it at $30k. But the risk is probably not worth it most of the time. I'd rather keep buying BTC and just use a disposable income if I want to speculate on some alts. CMIIW.

Please understand that Bitcoin is the pioneer crypto available in the market. Whatever other cryptos you are seeing today, created after bitcoin found its way to success. So it's not a matter of debate whether the altcoins follow bitcoin or not.

Personally I would say the entire altcoin market is heavily dependent of bitcoin. And very closely mimics its trajectory. But there are some obvious exceptions.  Earlier the impact was 100% but now it has reduced to some extent after the introduction of the stablecoins.

There is a difference if you’re looking into long term holding or investment. With bitcoin there is a guarantee that you wouldn’t be scared of holding on to coin that could dump from anytime. So the risky of holding to bitcoin is much less than those Alticoins. Alticoins do not have a long term value, we could argue that for ETH and the stablecoins but they also have same issues. Stable coins like USDT could come behind bitcoin for stability but they can also be deppeged just like what was experienced by the USDC coin this year.

The profit level due differs sometimes because some of these Alticoins tend pump to a high level if the team’s handling the project decide to create a FOMO scenario but they don’t last long because some are most tricks to lure people into investing in them and then the whales dump it by taking off there funds. Social media hype or a certain transition just like the ETH moving to POS could create a panic in the market and therefore causes its price to rise beyond bitcoin percentage rise but they all comes back to followin bitcoin.

So there’s a difference, in fact I personally don’t see investing in other Alticoins as a diversification of portfolio since the risk of losing is higher in them than bitcoin. So rather stick to a coin that guarantees you a value anytime

You already know the answer. It is impossible to use this possibility as a guideline, because the price movements are not always the same.
Each cryptocurrency has its own market movements. Altcoins may follow Bitcoin's movement in one week, then move against Bitcoin on the next week. So it really can't be used as a reference.

Bitcoin couldn't care less about shitcoins. Bitcoin can act on its own and simply follow its way. Shitcoins, usually go for whatever platform they are running on and follow the main project. Or at least in bigger movements, the shitcoins follows. And in turn, these main shitcoins will eventually follow Bitcoin, as it was said, Bitcoin is the pioneer and therefore, it's the drive!

The whole crypto currency space is built around BTC. More like everything revolves around BTC and as such BTC has a lot of influencing force on other crypto currency.
To put it in the right perspective, if BTC stops existing today, the will mean the end of crypto.

OP, I get where you are heading to. I know you must be wondering why bitcoin stands to be head over other Crypto currencies in the world and why is the other Crypto market dependent on bitcoin.

At first, you should know that bitcoin is the first Crypto currency to be developed and it has no central authority over it. Hence it is a decentralized blockchain.
Bitcoin so far since inception have been termed and tagged a digital gold which no other coin has succeed to have achieved.

The maximum supply of bitcoin gives it a good spot to be in the limelight and for everyone to see.

Lastly,  the demand for bitcoin surpasses every other  coin so far and running into millions on daily basis much better that other Crypto. You could imagine if these people tell their experience on good fate about bitcoin tell me why wouldn't there be a surge in price and holders vice versa as the case maybe. All these contributes to the ups and downs of the bitcoin market which also affects other Crypto market as well.

Very very, Any money coming into crypto from whales and institutions are going into Bitcoin first, not until Bitcoin dominance starts decreasing that's when they will start moving funds out of Bitcoin into other alternative coins. Bitcoin is the first and the best and it also has the highest volume, liquidity and etc.  

There are also other factors that makes alternative crypto performs better than Bitcoin, for example insider pumps, FOMO, etc a good one is what happened with PEpE meme coin, that crazily reach over 1 billion market cap in a bearish market.

My first point is talking about price action of bull market, when Bitcoin takes the lead, every other coins follow and when Bitcoin reach it's peak and get tired its left for the coins to do their thing, that's why even shitcoins do well in a bull market.

as we know btc is the first coin and can be said to be the pioneer of all crypto, so btc is a benchmark for an altcoin if it is going to experience a price increase but it does not rule out the increase in altcoins not as fast as btc, sometimes btc undergoes corrections quickly different from altcoins which are always frequent stuck
and if btc stops then all crypto will be memory

If you think about it, if there's a popular business that people acknowledged it's presence and there's a lot of customer then for sure some business minded would also build an business around the popular one as an alternative choice for people. Which I could say that could be compare to BTC and other cryptocurrency, they are made due to BTC presence it's like the core of the system itself which keeps this industry alive.

Bitcoin is the most well-known and widely used cryptocurrency, and its price movements often have a significant impact on the prices of other cryptocurrencies. This is because many investors and traders use Bitcoin as a benchmark for the overall health of the cryptocurrency market, and also because Bitcoin is often the first point of entry for individuals who are new to cryptocurrencies.

When Bitcoin experiences a significant price increase or decrease, it can cause other cryptocurrencies to follow suit, either because investors are looking to diversify their portfolios or because they believe that the price movements of other cryptocurrencies will mirror those of Bitcoin.

However, it is important to note that not all cryptocurrencies are affected equally by Bitcoin's price movements. Some cryptocurrencies have unique features and use cases that make them less reliant on Bitcoin's performance, while others may be more closely tied to Bitcoin due to similarities in their underlying technology or market positioning.

Ultimately, while Bitcoin does have a significant impact on the broader cryptocurrency market, it is only one of many factors that can affect the prices of cryptocurrencies. Other factors, such as regulatory developments, technological advancements, and market sentiment, can also play a role in determining the performance of individual cryptocurrencies.

We must know that bitcoin was the first successful cryptocurrency, and it laid the foundation for the development and growth of the broader altcoin market. So the fact that altcoins often depend on Bitcoin to change the market means that their prices can be affected by Bitcoin movements. But this is also an opportunity to be able to make more profit for your account because of the potential of altcoins, if you have enough experience, knowledge, and understanding of a certain cryptocurrency.

USDT is just a stable coin and as such you will not get the same performance as if you invested in bitcoin or ethereum, that being said the performance that you will get out of your bitcoin or ethereum investment should be similar, however while ethereum has reached new ATHs since 2017 its ATH in terms of bitcoin has never been beaten, which means that since then bitcoin has been outperforming ethereum, making bitcoin the best choice not only as an asset but as a way to make money.

The value of altcoins is highly correlated with the increase/decrease of Bitcoin. USDT is a stable coin and the price is supposedly pegged to the US dollar so even if there is an increase or decrease in bitcoin price, it doesn’t affect the value of USDT. As for your other question, if at the end of the 12 month duration, the price of bitcoin is high then the price of eth as well as other altcoins will also rise, even more exponentially than bitcoin, and vice versa.

Thanks for all great replies. I will check them all!  :)

Bitcoin is the king and when the king sneezes, everyone shivers. When bitcoin is in the bear lane, other coins (altcoins) follow and vice versa.
That is why myself and many other people do not believe in diversification in cryptocurrency. You cannot hold bitcoin and want to diversify in altcoins. It is the same risk and even worse risk.
If you invest in bitcoin or altcoin then diversify to gold, Real Estate etc.

Again, Op I do not think you want to invest in a stable altcoin (USDT). It will not give you RoI.

They don't follow each other, the altcoins follow Bitcoin, not the vice versa. And this is just a macro trend, it doesn't mean that there's no other price movements. People buy altcoins because they can jump by 50% in an hour randomly, without Bitcoin doing any significant moves. But people dismiss that altcoins just as easily crash, and in long term they all crash to zero and get delisted and forgotten when they have low volumes.

Trading altcoins is more like gambling than investing, it's a game of a bigger fool - they don't create anything valuable for society that could justify their price.

I agree with you that Bitcoin is the king of all cryptocurrency markets,but one thing I have noticed,That when the price of bitcoin falls, if bitcoin falls 10 percent, all altcoins fall 20 to 25 percent,And this is beyond my understanding

Diversification is an excellent strategy in cryptocurrency.This is how you divide your capital into different cryptocurrencies.People adopt this method to protect their assets from loss,because investing in a single coins is risky.If a project fails, all your capital can be lost.

The advantage of investing in different cryptocurrencies is that if unfortunately one of the coins goes to zero, the rest of your capital is protected,And if one or two of the remaining crypto-currencies increase in value, then your loss will be covered and your profit will also be made.

Bitcoin really affects all other cryptocurrencies. Bitcoin is the main one here, and altcoins just follow it.

As you understand, there is no point in holding a bunch of coins, you only need bitcoin  8)

currently bitcoin is indeed very influential for other altcoins, because every bitcoin movement increases, other altcoins must follow the flow of bitcoin, in fact they have their own values ​​and there are very many differences in each coin that is present especially coins like ETH and bitcoin which appear very much different so for investing at this time we definitely get different benefits for each coin that we hold, because they have their own characteristics, for example the USDT coin is stable and there will not be a big increase in price and like bitcoin for example, it all depends on each coin each though the stream they follow is still bitcoin.

I have also considered that holding Bitcoin is actually more than enough because other cryptocurrencies are also not necessarily better than Bitcoin so for now I am no longer so concerned with altcoins although apart from Bitcoin I still hold stablecoins to maintain the value of my assets when I haven't used them to spend any other asset I want. I mean, for now I'm just more concerned with Bitcoin and not giving so much headache to altcoins or anything other than Bitcoin, (except stablecoins).

    -   I just noticed that since Bitcoin is the most popular and useful in the world, when its value increases in the market, most of the altcoins that are often included in the top 100 list also increase their prices.

And when the value of bitcoin falls, the value of other cryptocurrencies also fall, meaning that the impact of Bitcoin is strong regardless of its price in the market.

Bitcoin is the key points of the crypto world, but USDT is just a stable coin and as such you will not get the same performance as if you invested in bitcoin or ethereum, The value of altcoins is highly correlated with the
 increase/decrease of Bitcoin. USDT is a stable coin and the price is supposedly pegged to the US dollar so even if there is an increase or decrease in bitcoin price, it doesn’t affect the value of USDT like that. And but it all depends on each coin they follow is still bitcoin.USDT coin is stable. The price of bitcoin is high then the price of ETH as well as other altcoins will also rise, even more exponentially than bitcoin, and vice versa.

Please remember that Bitcoin is the first cryptocurrency on the market. All of the other cryptocurrencies that you see today were developed after bitcoin found success. Therefore, whether or not the cryptocurrencies follow bitcoin is not up for discussion.

I believe that bitcoin is the primary driver of the entire altcoin market. and closely resembles its course. However, there are a few glaring outliers.  The impact was initially 100%, but after the introduction of stablecoins, it has somewhat decreased.

I agree with you that Bitcoin has a significant impact on the entire crypto market. So When Bitcoin's price increases, many investors and traders may shift their focus to Bitcoin which can lead to a decrease in trading volume and demand for altcoins. As a result, the prices of altcoins can decrease.

On the other hand, when Bitcoin's price decreases, some investors may view altcoins as a potentially more profitable investment and may shift their focus from Bitcoin to altcoins. This increase in demand for altcoins can lead to an increase in their prices.

It's important to say that different altcoins can be impacted to varying degrees by Bitcoin's price movements. Some altcoins may be more closely correlated with Bitcoin due to similarities in technology, while others may have their own unique factors and couldn't be affected by bitcoin's movement.

Also most regular people don't even know about anything besides Bitcoin, lol. So it's not surprising that it's Bitcoin that drives the whole market and not the other way around.

I think it impacts each other and I talked about this before. I know that people think when bitcoin goes down the altcoins goes down as well or when bitcoin goes up then altcoins go up as well, millions and millions of people trust that is the true thing but the reality is that we are not going to end up with that at all.

I think it is possible that we are going to end with them all moving together, they all go up together and go down together. Where can we understand this? We can look at the price and check the drops at the same time, if you could have two screens checking the price you will see that there are moments when people sell their bitcoin to drop the price, they are also selling their ethereum as well, or any other coin.

All other coins and tokens that are listed on the exchanges are pegged to BTC.  Almost all altcoins can be traded against BTC which is why it has the biggest volume and dominance in the market.

All other altcoins are priced in satoshis so when BTC is dumped the value of those altcoins also falls.
What happens in a way though is that altcoins' buy orders are filled.

Literally every other cryptocurrency follows the price trajectory of bitcoin. We still see 4 year halving cycles with bitcoin from bear to bull & repeat. Pretty much every other coin follows bitcoin, it’s probably because there are so many BTC pairings on exchanges. People try to duck & dive in & out of bitcoin to take advantage of alt swings. It’s going to be a while before bitcoin stops controlling the oath other coins take.

That is because the altcoins can easily be manipulated unlike bitcoin that has higher volume, market cap and more decentralized. It is because of the ability if altcoins to increase more than btc or decrease more than btc that makes people gamble with them.

It is very difficult to see where bitcoin is in -10% and another altcoin is in +25%. That is why I have said that such diversification is not necessary if you are a bitcoin believer because is not gona go to zero. It is whe  you are a shitcoiner you will be talking about coin going to zero.

Well said, generally speaking I agree with this statement. For example when Bitcoin is declining in value, altcoins generally do a lot worse. Likewise when it is increasing altcoins generally do a bit better.


There is generally no point unless you trading/speculating short-term. For example in early 2021 there was a good opportunity to accumulate more satoshis during a 3-5 month period when numerous altcoins were outperforming Bitcoin by up to 10x, even 100x for some. But otherwise long-term 99.99% of these altcoins aren't able to keep up with Bitcoin. There are a few exceptions that continue to do so, but they are a minority and still within their first 4-6 years of existence, so it's very much unproven whether any altcoins at all will outperform Bitcoin over a 10 year+ period.

Most altcoins are affected by the market trend of Bitcoin.  We have seen in history that whenever Bitcoin gets hyped, altcoin follows.  Aside from that people who are into altcoins are using the popularity of Bitcoin to get noticed.  Furthermore, Bitcoin seems to be the measuring standard of altcoin when it states its features.

Bitcoin also affects people's trust in the whole cryptocurrency Industry.  Since Bitcoin is the most dominating cryptocurrency, the altcoin market also suffers when it losses its credibility due to FUD and negative news.

I don't think that crypto markets are independent, there is definitely a high correlation between bitcoin and all the other crypto coins. The only difference I would say is that bitcoins are the driving force here. On one side you have bitcoin and maybe Ethereum and on the other side all the alt coins. A big shift in the alt coin market will lead to a price change of BTC and ETH, and vice versa. The connection that all these crypto coins share are the same type of investors. Someone who holds alt coins is very likely to hold bitcoins as well. And when the investors start selling one coin there is a high chance they will sell their other coins as well. For most investors crypto currencies is only a part of their portfolio and there is always reshuffling going on depending on the news and future outlooks.

I think Bitcoin is so influential towards other cryptocurrencies especially in terms of market prices. Well, indeed there's this thing called altcoin season wherein prices of other coins are increasing in contrast with the market price behavior of Bitcoin but most of the time, Bitcoin's price action triggers either uprise and downfall of other crypto's value. One good example is previous ATH of Bitcoin wherein most of cryptos' also reached ATH and likewise when correction occured same thing happened with others. But in terms of general usage, there is I think where parallelism ends. Not all cryptos are being used in a platform even if Bitcoin is most of the time an option.

Not most of the time, there are some altcoin that continues to go up even when bitcoin is going down during altseason but yes I can agree that the impact of bitcoin is strong given that the down times can be an indicator for altseason.

This is true that all other cryptocurrencies are closely related to the bitcoin so whenever the price of bitcoin effected by some issues then indirectly the price of other coins will also effected. Bitcoin cannot go to zero but unfortunately if it occurs then automatically all the crypto coins will get their position at zero.

As the market is going towards negative so the price of each and every currency will go down but bitcoin  will not be as low as its current price is very higher as Compared to the other currencies of the crypto Industry. So relation of bitcoin is directly proportional to all the others currencies of market we should keep eye on Bitcoin's price if it is green all other coin will also be green.

The movements of altcoins are not exactly as the ones you can find in bitcoin, but they are extremely similar, if you take a look at the moment when we shift from a bull market to a bear market you will see that very few altcoins will still go up in value one month after bitcoin began to go down, the majority react very quickly to the influence of bitcoin and they go down just a few days or weeks after bitcoin has began to do so, demonstrating once again the high correlation that bitcoin and altcoins have.

The prominence of bitcoin and its being the first cryptocurrency with a large market cap go without saying when it affects the entire cryptocurrency market. The price movements of altcoins closely resemble Bitcoin's performance, and Bitcoin's market sentiment often spreads to other cryptocurrencies. This correlation is closely tied together by factors such as market sentiment, investor behavior, and the liquidity provided by Bitcoin. So, once the price of bitcoin rises, it can cause altcoins to rise quickly, and vice versa, when bitcoin falls, it can also cause altcoins to fall deeply.

This happen because Bitcoin has direct impact on the whole cryptocurrency.  When Bitcoin is doing well it can attract new investors which can even give new investors to other cryptocurrency which can give an increased demand to other cryptocurrency.   Although some altcoin market move independently in most cases, they are still affected when Bitcoin become bullish because the hype of Bitcoin is spread out to the entire cryptocurrency ecosystem.

Bitcoin was created before any other cryptocurrency, and bitcoin is the perfect technology to use against fiat. Bitcoin price definitely affects other cryptocurrencies because most of people trade other cryptocurrency against bitcoin and bitcoin holds the largest share in the cryptocurrency market. There are other major factors but I think this one is one of the major reason why bitcoin affect other cryptocurrency.

Besides the fact that most of the altcoins trade against Bitcoin and the position of Bitcoin as the biggest coin by market capitalization. It could also have something to do with the influence of Bitcoin over the total value of the Cryptocurrency market, in a sense that, some traders may use the change of that metric to position themselves while doing their operations. If Bitcoin loses value, because it's dominance, it means the the total market value descents faster than it would if other currencies like Ethereum or Litecoin did. A green day for Bitcoin can be translated to a green day for other coins, since the increase of total value of the market may make traders feel bullish.

It was created to be a perfect alternative, it is not against fiat, as these false propaganda has led the government never to become friendly with bitcoin. Although the market has more than 20,000 coins each, but so far, no alternative currency can be better than bitcoin. It can be said that bitcoin is old, old and slow, but it is still superior in terms of security and privacy, and that is why it is always the choice of many people. While altcoins are just a pump and dump market used for speculation and don't offer any benefit or use case. Although people seek quick wealth from altcoins, in the long run, they always look to bitcoin, it remains the top choice of people.

That was the case now unlike before. Bitcoin goes up, altcoin go down and vice versa. But when the stablecoins were created it became different Bitcoin up, altcoin goes up too.
Because that might not be the case on some season. Bitcoin could go up, but it doesn't mean all alts will be dragged by it. You should also try to monitor the altcoin that you are buying if it behaves like Bitcoin whenever it fluctuates or if there is a history where it doesn't move at all whenever Bitcoin moves.
It doesn't always mean it will go the same way as Bitcoin just because you heard or read it from someone else.

Investing in BTC for $1000 for 1 year might make you a big profit while investing in ETH will depend on how the price moves. If the price of BTC goes up after 1 year, it will also affect the price of ETH so you can also benefit from BTC and ETH. But if the price of BTC has not been able to increase after 1 year, you still have a chance to profit in the long term.

But if you invest in USDT, if you don't use a lot of money, your profit will not be big because the price movement of USDT is not that big compared to BTC. So people prefer to invest in BTC because the return on investment is bigger.

Altcoins hold on to BTC while BTC stands alone and influences altcoin prices. Maybe I'm wrong on this and you should look for more info.

In my opinion Bitcoin has a significant impact on the crypto market because it is a reference for investors to be able to determine their steps in crypto investment. When the price of Bitcoin tends to increase, investors will start buying Altcoins because they are quite confident that they will be able to get profit from it and it is not only done by one investor, but many. Therefore, when the price of Bitcoin tends to increase, the price of other crypto will also increase and vice versa.

this maybe true to some alts particularly the top alts. but some have their own market performance because it depends on how the team is manipulating their market esp if the market volume is small where they can basically dictate where it will head to.
the influence of btc is limited to some alts, so if you are into investing in alts, you also need to dig deeper and not only observe the btc movements. the performance of the alts in the market is heavily dependent on the actual developments of the alt itself.

Cryptocurrencies do not go hand in hand, although yes they have cooperation with each other in terms of development and marketing, but in my view they are all competing with each other to survive in the market, they are competing to increase the effectiveness and efficiency of the services they perform. then how about bitcoin, does it have a big influence on altcoins? according to yes, of course bitcoin has a high dominance of influence, because 80% of Altcoins follow bitcoin's movements in its price volatility and become a reference symbol for all blockchain networks.
Bitcoin being the biggest symbol and icon of crypto or decentralized digital currency, if Bitcoin doesn't have influence, I don't think any alt will exist.

It all boils down to dominance, there are currently thousands of cryptocurrencies excluding bitcoin and Ethereum, and in all of this coins, bitcoin currently has the highest market dominance and Ethereum is following, so what does this mean?

It simply means that, when the price if bitcoin goes up, there is a chance it will drag the price of other crypto coins up with it, and it is also the same when it goes down, but this does not mean that every crypto work hand in hand, crypto currencies are independent of each other, it's just that we are still very early and the market is still growing, a time wil come when bitcoin has far lesser dominance on the market, it's movement won't affect other crypto currencies any more.

Altcoins in the cryptocurrency market do not necessarily follow each other; rather, they tend to track Bitcoin's movements. When Bitcoin experiences price fluctuations, many altcoins react promptly, while others may follow suit at a later time. This phenomenon is evident during pump-and-dump scenarios as well. However, there are instances when altcoins behave differently, even when Bitcoin remains relatively stable. Nonetheless, it is not surprising that the overall market heavily relies on Bitcoin's movement, considering its prominent position within the cryptocurrency ecosystem.

USDT is a stablecoin, and no one invests in stablecoins knowing they have their value pegged with US dollars and have zero volatility hence no chances of getting profit. I don't see why would someone compare Bitcoin or any other cryptocurrency with USDT or any other stablecoin since they have different natures and use cases.

You could say the same for another altcoin but even that wouldn't be true. To get more profits from Bitcoin, you will need a bigger capital while you can earn better profits in the short-term if you invest the same amount in any altcoin.

Other crypto currency depends largely on BTC. BTC is like the lifewire of the crypto space and that's why whenever there's a dump on BTC, it literally affects all other altcoins.

Who knows if anyone wants to invest in USDT but I guess people keep USDT only for a while when the price of the crypto goes up so they wait for the price to go down to start buying the coins they want.

Maybe what you said is right but we don't know when the altcoin price will increase and also, we don't know which altcoin will increase. If you choose ETH or BNB, you may get a better profit. But if you compare it to investing in Bitcoin with the same amount, I think your profit will also be better if you invest for the long term. But whatever it is, you must find the right coin because we have a list of different coins to invest in.

Every cryptocurency follows the direction of Bitcoin, when Bitcoin is pumping others get pumped as well. When Bitcoin is dumping others get dumped as well. The only time there might be a different is when there's a bullish news for a particular altcoins and it rise when bitcoin and other altcoins are dumping but that doesn't happen everytime.

At times the influence of Bitcoin overshadows other positive news for those altcoins and they dump because Bitcoin is dumping even when they have positive news surrounding them. The difference is the price gain for the altcoins, they can't be the same due to many reasons.

USDT is a stablecoin, it doesn't have any volatility to make a profit, I don't think anyone will invest in it, this is the first time I heard of investing in USDT, LOL.

The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.

Technically it's possible, but unlikely people interested about it.

Let's say you invest $1,000,000 in USDT when the price is $0.9998, so you now have 1,000,200 USDT. If the USDT price went up to $1.0018 and you sell it, now you have $1,001,700. But it's just a rough calculation, you still need to consider about the trading fee and exchange fee.

And yeah it's hilarious to compare Bitcoin with USDT in investment.

 I put it to us that Bitcoin influences all cryptocurrency. Every other coins are dependent on Bitcoin. Once Bitcoin price increase u see other coins increasing and once it is down they go down with it.

USDT is a good alternative to fiat as it would be very labor intensive to go into fiat every time. USDT is very well suited to take profits and wait for some time before a new purchase, and if you no longer plan to use some part for further investments, then of course you should cash them out.

You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.

Maybe no one will invest in USDT but we do not know. But USDT can be a good solution to prevent a down value on your asset so I think that will be a good place to invest in USDT for a while until the market increases again. But FYI, USDT is a good place to stake ;D

Finding the right altcoin is difficult because we have to check each altcoin and there is no guarantee that an altcoin currently in a good position will continue to be profitable. Maybe that's why altcoins can only be short- and medium-term investments so that bitcoin is still the best for long term investments. Bitcoin and altcoin returns are different, but we want to benefit from both, so we want to have many altcoins that can provide benefits.

Searching for altcoins from the list of altcoins on the market takes a long time because, apart from the top lists, we also have to look beyond that because there are altcoins that can improve in the future. And we would never have thought that altcoins could rise high and replace the top positions. And the risk of increasing bitcoin prices will affect altcoin prices so we must be careful in choosing altcoins as investments.

When the market is volatile, many investors have a habit of converting their crypto assets into USDT and that cannot be called an investment. The stablecoins only act as an intermediary, there are also many people who don't like their assets in USDT, they always convert to fiat when the market fluctuates.

Staking USDT on centralized exchanges for meager profit while we will take big risks, is it worth it? As far as I know, the profit when staking USDT only equals the bank savings interest rate. If it were me, I would rather deposit my money in a bank than deposit my assets in CEX. Banking and CEX are basically the same things, but at least banking is safer.

Stablecoin is a place to store the value of assets owned so that they don't decrease because the price changes. Indeed it will only be a temporary intermediary because there is a decline in the market and they can buy again at a lower price.

It seems worth it as long as it's a large exchange like Binance. Moreover, if you save in a bank, you must save a large amount to get bank savings interest rates. If the amount of money is small, I'm afraid it will only be to pay for the expenses that you have to pay each month. If so, in my opinion, it's better just to stake USDT on the exchange because there are no fees when we stake the USDT. But each people will have their own plan for what to do regarding the market situation.

indeed if the btc price goes up then the altcoin will also go up, and if bitcoin goes down then the altcoin will also go down.

but in my opinion btc investment if the capital is small the profit is small,
but if you invest in altcoins, even though the capital is small, you have the potential to get big profits because altcoin increases can be up to 1000%, even more than 1000%.
but investing in altcoins has a very large risk of loss and has the potential to drain our money, but if we invest in bitcoin, of course it will be safe because even if the price of btc drops it will have the potential to rise again,
but for altcoins sometimes there are those who cannot return to their highest prices even though the price of btc rises because even though it rises it only rises slightly, so basically this is a security problem.

Cryptocurrency markets tend to go up and down in relation to the Bitcoin market. When the Bitcoin market goes down, the price of all other cryptocurrencies also goes down. When the value of Bitcoin starts to increase, all crypto currencies also increase. If you mainly invest in Bitcoin or Ethereum, it will be your wealth in the future. But if you invest in USDT then you will not get any profit as it is a stable coin. So you need to get expertise from a good consultant about this so you can understand. You must invest Bitcoin and this investment will never fail but Bitcoin has a near future.

The reason for the decrease in price of other cryptocurrency coins with bitcoin is that almost all coins are listed on the exchange in bitcoin pair, so if the price of bitcoin decreases or increases, it automatically affects other altcoins. For example, if the price of a token is 100 satoshi, then if the price of bitcoin increases, it will definitely increase relative to the dollar, if the price of bitcoin decreases.  The price of that token will fall against the dollar. this is how the price of the token in the market fluctuates with Bitcoin

Finding an altcoin that can bring big profits is not easy, and not everyone can do it.  but if you want to find altcoins that are more profitable than bitcoin and still pretty safe, we also have eth and bnb. imo, they are reliable altcoins to invest in even though they won't be as safe as bitcoin, but their returns will definitely be better.
investing in altcoins is not so bad because of the returns it brings, but it is not suitable for too many people because its risks are pretty large compared to bitcoin.  better to put a small part of the money in altcoins, most of it should be invested in bitcoin.

This is true to some cases though I do not expect each alts to just follow Bitcoin price movements literally. I can still recall when I was tempted to day trade Bitcoin before, but I was trying out altcoin. All turned out to be losses just because I went for the shitty coins.

Bitcoin was kinda it is bearish days that time so I kinda understand where my losses came from.

This as well, plus considering that when you think of crypto, you know you're dealing with Bitcoin but then you found out that there are whole plenty of coins out there. That's what my thought process at the least back in those days of my first few days in crypto.

ETH is also worth mentioning in token pairs. I see that pair quite a lot, well because it is non-Bitcoin.

Hughes token or coin is in ETH pair but ETH is in Bitcoin Pair so when Bitcoin price goes up, ETH price goes up and that's why ETH pair listed coins also go up with Bitcoin price. You will notice that the price of tokens that are paired with stablecoins like USDT, BUSD, USDC do not have an instant effect on the rise and fall of Bitcoin price. this is how the market works

Yes I agree with you. But on the other hand, Bitcoin is said to be the godfather of cryptocurrencies, so when the price of Bitcoin changes, other coins in the market also change their prices in accordance with the price of Bitcoin. Many times the price of Bitcoin increases but the price of other coins decreases because then Bitcoin attracts everyone's attention and many people sell their held coins and start investing in Bitcoin.  The market takes different forms at one time.  So doing market analysis is a very difficult task.

The existence of crypto digital currency in this world, initiated and pioneered by the birth of bitcoin. So it is certain, as a whole the crypto that exists now, must follow the example of bitcoin. Even so, existing crypto besides bitcoin or commonly called altcoin, has a big difference in terms of quality and security. Everyone who invests in crypto must already know that bitcoin is decentralized, and has the most stable price value among other cryptos. So the problem of price equality that you are asking about, between bitcoin and other cryptos, in my opinion, is actually a habit of crypto traders. Automatically the habit becomes a cycle and has been embedded in the minds of all investors in bitcoin/crypto. Because even though all cryptocurrencies follow in the footsteps of bitcoin, when it comes to increasing or decreasing prices, it's actually not related. So in conclusion from your question, it's just a habit that becomes a cycle in the crypto investment world.

One cryptocurrency coin is not dependent on other coins, but most of the crypto currency coins are dependent on Bitcoin, that is, as the price of Bitcoin increases or decreases, the value of other crypto currency coins has some effect. If you invest the same amount of money in different coins at the same time and if you sell those investments at a certain time then you will see some variation of profit. That is, you will get one type of profit from Bitcoin investment, you will get a different profit from ETH investment, or you will get a different profit from BNB investment. Because these two coins depend on Bitcoin but the three coins have different market values.

Holding USDT and staking for profit is your choice, I can't ban you or give advice because I'm not sure I'm better than you. But I just want to remind you, Binance is the biggest exchange, but that doesn't mean it's safe and you can completely trust them. They will be safe until they go bankrupt and your assets disappear without notifying you. It is a risk when we use centralized services, I hope you are aware of that. Instead of staking, I will hold bitcoin for the long term, and I believe the return will be much better than staking, and my assets are also safer.

Everyone has their own choices. it will be their responsibility when there are some losses or something like that.
Binance is a CEX platform that is currently widely used by crypto users including me, but it is necessary to be aware of the dangers that always surround it because nothing is safe even though Binance is the top exchange.

Risking and holding USDT is a fairly safe option, but holding Bitcoin for the long term can be a recommendation for those who want to invest long-term.
I have some Bitcoin in my personal wallet and it's safe enough without anyone else being able to reach it.
But it all comes back to your own choices, the risks will be borne by yourself.

This is a simple question and clear understanding with observation as we all believe in virtual money, which Bitcoin is the driving force of other cryptocurrency market, any moment Bitcoin dipped in the market, it affects other alt-coins instantly, so Bitcoin affect other alt-coins through price changes either negative or positive, Bitcoin is the reason why cryptocurrency market been active today in the cryptocurrency industries.

I agree, but I would change the coin, I think BUSD a lot more trustworthy. Why?  Because USDT only has USDT and no other income, if they profit they profit, if they don't then they don't. On the other hand, BUSD has binance behind it, which means even if you were to get all of the BUSD's stolen, which would drop the value to BUSD, then binance could come out, say they will take snapshot of the moment before the hacking, and then distribute everyone their BUSD back, and they can cover it 1 to 1 ratio with the profits they made, they already have tens of billions of dollars in profit to begin with, so they can cover it easily.

There is a lot bit of difference between them, one of them is trustworthy because of the company behind it, the other is being sued right now.

Simply, Bitcoin has a remarkable influence on almost all cryptocurrencies due to it’s the most famous coin and it has the hugest market cap value and price as well . In addition to that, remember that Bitcoin is decentralized digital coin and the majority of altcoins in market are decentralized too ( like 20K/24k coins ) it means if Bitcoin goes down, the whole market will follow it and the opposite is true. Regarding your real question, to be begin with, USTD is a stable coin 1 usdt = almost $1. Let me simplify it for you, if you invest any amount in a stable coin, you will not make any profit neither loss. The amount will basically stay the same. In fact, Bitcoin and Ethereum provide a secured returns but in long term unlike the other cryptocurrencies. If you invest $1000 in each one, you will probably make an accurate profit value.

I suppose it happens because most investors involved into crypto trading don't see any difference between BTC and alts at this point of crypto development: if they are interested, they start buying whatever they see, and if the interest fades, then they are eager to get rid of all the crypto stuff. That's why price fluctuations of all the cryptocurrencies are quite synchronized.

Just take out USDT out of this equation because its centralized and stable currency so in 12 months theit actual value will be 4 or 5% lower due to inflation.

Now let's consider the actual cryptocurrencies which doesn't have stable value and the value is determined by demand and supply then each is unique and there is no necessary to follow each other but most often we can see when BTC goes up ETH, and other shitcoins goes up too because of people and their emotions furthermore the price change of BTC is not precisely proportional with ETH so there is difference and only time will tell what will be their actual growth in the next 12 months.

Bitcoin increased market liquidity, compelling most projects to follow in its tracks because it is the premier project that has gained popularity around the world. It's a strong concept with greater potential for future applications; we should only invest carefully in bitcoin if we want to stay in the crypto market. Bitcoin's simple presence in the market has an impact on other cryptocurrencies because it is just one of the leading coins in the field with a big trading volume. Altcoins such as ETH bend to follow bitcoin's dramatic up and down movement. If bitcoin falls, it falls as well, and vice versa.

 It's like they're playing follow the leader in the crypto playground. Bitcoin takes the lead, and others often tag along. Investing in different cryptos diversifies your portfolio, so you can enjoy the dance moves of each coin.

Market sentiments is the key between price movements, which shows some kind of connection between Bitcoin and other cryptocurrencies. As bitcoin is the most well known currency in the world, and it is on the top of every list, its price movements can have a great impact on all over the crypto market. So all that leads to is sentiments over the market. But there is no such connection between any cryptocurrency. They all have their own type of functionality and ecosystem.

It is also important to take into account the dominance bitcoin has over this market, right now it has a dominance of 44%, however if we discard the fake market cap many coins have, stable coins and other centralized projects, then we will soon find out that bitcoin has a dominance over this market way higher than expected, so it is natural that if the price of bitcoin begins to go down the the rest of the altcoins also follow bitcoin and begin to go down as well.

Bitcoin is the reigning coin and almost all investors, enthusiasts or traders prefer to enter the niche of this coin and invest in it. Even people who have invested in other crypto coins still have their base with crypto, having some coins to purchase there and sell off. Cryptocurrencies, like bitcoin, opened our eyes to the possibilities of decentralization and the downsides of centralized systems. Traders can trade futures and speculate on the future price movements of cryptocurrencies. Market sentiments is the key between price movements, which shows some kind of connection between Bitcoin and other cryptocurrencies.

we know the dominance of bitcoin market capitalization which is of course almost half of the total thousands of existing altcoin market capitalization. From there, of course, we can imagine that it is not strange that bitcoin has the influence of market movements on other altcoins, so that it can be used as a formula for making transactions on altcoins, because the movement follows Bitcoin.

Simply put, this market is created by bitcoin, bitcoin is the pioneer cryptocurrency and is considered the safest to date. After all, other altcoins are all improved copies of bitcoin, but they are nothing more prominent or reliable than bitcoin. So bitcoin will continue to dominate this market. But over time, I think this dominance will decrease, years ago, bitcoin dominance was more than 80%, in recent years, that number is only 40-50%.

It is still very clear to us that Bitcoin have so much effect on other Cryptocurrencies which could be surprising to many of us that can tardets and investors. When Bitcoin falls, we do see that other cryptocurrencies in the market are falling too. When Bitcoin go higher in price, we do see that even the weakest coin will go up due to the bull movement that Bitcoin had created.

 This had been happening for many years and we may still be surprised or not that clear why the market is doing that. Many altcoins projects are always pumping there prices so that investors can see opportunity to make gain and for those that may not be aware of the spike, they might think that the price of that coin will increase gradually and might be tempted to buy more.

Newbies make this kind of mistake the most. Bitcoin is growing because it is decentralized. Other currencies are centralized. This is why how much potential they show, they can not go over Bitcoin. Thinking that every cryptocurrency will go up with Bitcoin's price pumping is a misunderstanding amongst newbies. There are other coins which I have seen showed potential when the Bitcoin price was declining.  Maybe some trend, maybe market sentiments, who knows? That actually proves that not everything is connected with Bitcoin. But the fact that Bitcoin is the most recognized currency in Crypto world, its price movement actually have an impact over the whole Crypto market.

YEah bitcoin is like a king of crypto or just simply like Mr Powell's speech when Mr powel said want to raise interest rate the whole market stock commodities forex and government bond is moving various movement. it happen to bitcoin to and its different you can simply invest on bitcoin and forget about it or try more volatile asset on altcoin so if bitcoin up the altcoin can up 2x percent than bitcoin vice versa.

Total volume of Bitcoins with altcoins so the Returns that make the difference between investing in Bitcoins with altcoins or USDT.
I am more inclined to judge that investing in altcoins may not get a large return because the number of altcoin supplies is very large. This is different from USDT, which is relatively stable, allowing people to only accumulate money if they choose USDT.

Investors prefer the long term to Bitcoin although there are those who prefer big altcoins like Ethereum.
Making an equation on Bitcoin with the types of crypto that exist today will not be the same even though crypto always follows the movement of the rising or falling price of Bitcoin.

I'm sorry, but I won't agree with your argument. Supply is just one of many factors that help bitcoin increase in price, creating a coin with a limited supply is not difficult. Limited supply plus high demand, when demand exceeds supply, then can cause the price of that coin to spike. Take a look at ETH, it has an unlimited supply, but it is undeniable that the return it brings to investors is not inferior to bitcoin.
Furthermore, investing in bitcoin these days cannot yield better returns than investing in altcoins. Since the altcoin market is a pumping and dumping playground, it does not need to depend on supply or technology, but its value depends on pumping, its returns will sometimes be higher than bitcoin brings. But in the long run, altcoins will never be safer than bitcoin, stay away from altcoins if you want to invest long term.

I am also using Binance, but we need to use it for the right purpose, not overdo it or trust it completely. Binance or any centralized exchange is used for buying, selling, and exchanging, not a place for us to trust to store our money on it for a long time. And staking has been one of our asset storage services for a long time before making a profit. But you're right. It's his choice anyway, we don't have the right to tell him what to do and what not to do.

Investing in altcoins can be seen as portfolio diversification. But you need to know that it will not reduce your investment risk because, as you said, it all depends on bitcoin. If bitcoin falls then no altcoin can rise. But diversifying with altcoins that can maximize their returns grows unevenly. Bitcoin can go up 100%, but many altcoins can increase by several thousand percent.

I think preferring big names are fine. I have most of my investment in bitcoin as well but I also have a lot less in other stuff too ,like I have ETH worth half of what my btc worths, but it is there and I trust that it will do fine and BNB that is nearly half of my eth levels as well and equal amounts in LTC as well.

These are my big four investments and I will trust them to the moon and back. I know that many people see it differently and not like this but that is my approach and if I am wrong then I do not wan to be right about anything else. People can trust all those low rank cap stuff so they can get rich quick but I do not want to be part of that and I am fine about the current situation of my portfolio and has always been bringing me profit during bull periods.

It doesn't matter if there are different views on seeing the difference because I also don't equate all types of altcoins.
Ethereum can still be expected to return by investors who choose it, but other altcoins may not be like Ethereum.

Of course I thought that this was only temporary. This year it is clear that the market has not shown the movement we expected, including this May.
I would nod my head that stay away from altcoins in investing long term.

Bitcoin can have a significant impact on other crypto currencies. This is because Bitcoin is often seen as a bellwether for the entire crypto currency market. When Bitcoin experiences significant price movements, it can cause other crypto currencies to follow its movement. Bitcoin's dominance in the market can cause the investors to shift their focus away from other crypto currencies. Finally, Bitcoin's network effects and widespread adoption can also impact the success of other crypto currencies.

Other altcoins are created for the purpose of getting the attention of bitcoin holders and they created some coins that are way too good than bitcoins in terms of their advancement, from the fast transaction to even lower payment for transaction fees, but there is only one thing that they cannot beat bitcoin, its decentralization. they failed to do so and they cannot do such a thing because if they sat unanimously, the mass won't gonna recognize their project and they will end up getting bankrupt because no one wanted to invest in them. that's why they choose their coins to be centralized even though they cannot beat bitcoins, they are getting some investors somehow.

When ETH was first launched and it was compared to bitcoin, many people were skeptical about the future of ETH, and they thought it was going nowhere. But the results have shown that many people are wrong not to trust ETH. For altcoins, finding a coin like ETH isn't easy, but that does not mean there is absolutely none. We wouldn't believe it until it happened and admitted that we were wrong.
Currently, altcoins are more for gambling than investing, but it can be seen that the market is getting bigger and bigger, and many projects are starting to get more serious about building their projects. I believe that with just a little more time, there will be many things worth reconsidering with this market.

Are you expecting a recovering and bullish market this year? If so, we have another look at the market. I'm happy with what's happening, even a little sad that bitcoin has recovered quite quickly in the first few months of the year.

That's true, The purpose of altcoin is to be replacement bitcoin and they don't achieve decentralization like bitcoin. It's doesn't matter if the coin is don't have any utility, atleast they have the purpose to be decentralize not centralize like now. Many manipulation on crypto due to altcoin they created for their own benefit such FTX it's really sucks because they have full control of their own system

Apart from decentralization is bitcoin's biggest advantage that no other altcoin can beat it. I think the altcoin market is not really a technology focused market they are focused on selling tokens and making money. So when they make enough money, they will find a way to give it up, and knock it down to rebuild newer games. We can easily see the mass collapse of altcoins every time bear season comes. While bitcoin was created, focusing entirely on technology to create a solution that frees us from dependence on Fiat. That's a huge difference between the two.

Bitcoin is like the 'Mona Lisa' of the cryptoverse - copycats may try their luck, but they’ll always fall short of the OG. Sure, altcoins might strut around, peacocking their flashy bells and whistles, zippy transactions, and nickel-and-dime fees. But Bitcoin’s real mojo doesn't lie in its velocity or pocket-friendliness. No siree, it's rooted in its rugged reliability and trustworthy vibes, born from its decentralized and open-source DNA.

Decentralization isn't just some fancy shmancy word; it’s the incarnation of a fiscal free-for-all. By kicking central control to the curb, Bitcoin hands the reins over to its users, a move that leaves altcoins struggling to keep up.

Now, wouldn’t it be a hoot if an altcoin could rock the decentralization gig without ditching its unique hooks? Could it seriously duke it out for Bitcoin's crown, or would the crypto tribe stay true to their first love? Grab your popcorn, folks. Only time will spill the beans.

The scenario has changed a lot. Now usdt is used in main market instead of bitcoin. Most people keep funds in usdt because of stability.

For some reason I hope the market recovers which will allow me to buy again at a price not much different from the current price.
In consideration of the long-term targets that I have set, yes, I feel that the market is recovering too quickly from what I imagined because since the beginning of 2023, I have sold all types of altcoins so that there are no more left and taking the proceeds from the sale I buy Bitcoin because my focus is now it's only on Bitcoin.

Simple question with a simple answer. Those who are here for a long time already knows the fact that you spit there. Not all believe in virtual money and those who believe, not all of them believe in crypto because they think it's only just a scam. I think there is still a little delay in bitcoin-altcoin synchronization. We can use this as an indication to do something which can help us to be profitable or avoid taking big risks.

Big credits to bitcoin because if not for it, there will also be no other cryptos but other cryptos do also contribute to attract the people in here because they have their own use case which are entirely different from bitcoin.

Users who have travelled with cryptocurrency for a long will know about the reality of the market. Nowhere bitcoin push other cryptocurrencies down. It is the market that is developed to follow the footprints of bitcoin. This makes altcoins follow bitcoin and during the altcoin season we were able to experience bullish move with altcoins against the bitcoin market.

Altcoins were good and were developed for some purpose. Most of the time new cryptocurrencies were promoted making comparison against bitcoin. However none stay high in the market, so the base of bitcoin is very strong that it directs the rest of the market. Most of the time the development is the prime reason that make cryptocurrencies fail and it is not the bitcoin.

Your insight spotlights Bitcoin' transformative role in sculpting the crypto-market. Undeniably, as the premier digital currency, Bitcoin blazes the trail for many altcoins. Yet, pinning altcoin fortunes solely on Bitcoin simplifies the intricate market interplay. Altcoins arent mere Bitcoin replicas; they embody a sphere of ingenuity, striving to polish and amplify the pioneering blockchain tech of Bitcoin. Their juxtaposition with Bitcoin simply underscores their unique features and merits.

The roller-coaster ride of altcoins can be credited to their growth hiccups, market mood, and practical utility, among other things. Bitcoin, with its sturdy framework and wide acceptance, offers stability in this stormy market. Its sway is unquestionable, yet it doesn't hold the final say in an altcoin's destiny.