Bitcoin Forum

As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

i dont know when. but first reason of it is the dominance of bitcoin. it is so high. that is why all crypto market has to act according to bitcoin price. every altcoin price depends on bitcoin price. it will continue like this until bitcoin loose its dominance.

I hope that this will happen very soon, because as soon as new conditions for regulation come out, many of them just do not like it and many people will simply switch to altcoins, probably it will be so.

Nowadays altcoin prices are separate and do not increase or decrease according to BTC trend, so I think we should not care much about the BTC price, please analyze the most appropriate coin option.

the altcoins usually follow bitcoin price during the drop which means they go down if bitcoin goes down. but they rarely happen to rise when bitcoin rises. for example these days you can see we are seeing many altcoins getting pumped up while bitcoin price is not moving and is still at the same price with a very small rise.
and this trend will probably not change for many years because i don't see any good altcoin being created with a real potential so that they can grow apart from pump and dumps.

It is difficult to predict when this situation will be realized, but I think it is not possible in the near future. In particular, all transactions are made through Bitcoin parities, and therefore the prices of all altcoins may vary depending on the Bitcoin price. Although we see Tether or USD based parities, it is worth remembering that the value of these parities still varies depending on the price of Bitcoin. In the near future, I don't think that pricing will take place independently and I think it will be a bit longer for Bitcoin price.

I think it's not only the altcoins that control their price or other factors that could affect the price. The whales that keep on manipulating the price is also a factor. But I think altcoins not following bitcoin's price is still possible even now.

Bitcoin is the major cryptocurrency and it will be for a long period of time in this role. I do not think that any other cryptocurrency could undermine the hegemony of Bitcoin. Major assets always determine prices of others - it is how markets work.

I don't think that will happen, because Bitcoin is the king of all altcoins, so the price of an Bitcoin will affect the price of altcoin at any time.

They will always follow the price of bitcoin.

Most of the markets are dependent to bitcoin because you need bitcoin to buy and sell them. I doubt it that an altcoin will have its freedom and can finally have its own independent market.

when there will usd or EUR pairing of the coins on the exchange and biggest exchange binance is planning to introduce the usd trade pairs on the exchange by setting up the account in the malta for this purpose

I do not think that such a situation will happen in the near future. Because, Bitcoin has more than half of the entire kritpo market volume. So i think, at least more 5-6 year Bitcoin will continue the control the all cryptomarket.

They are using bitcoin as the main pair to their tokens. that means any altcoin will always follow bitcoin except the stable coin that backed by dollar just like tether. All exchange sites are trading bitcoin and it can't be avoided. Even the major coin just like ether can't leave from the bitcoin domination. Crypto has started from bitcoin and it's the history of crypto.

maybe it takes quite a long time for altcoins to stand on their own, whereas what we know about all the coins following bitcoin, bitcoin is the king of all coins, to answer the question of when altcoin can be independent and not follow the price of bitcoin is the only time to answer it.

Not sure but I think this is impossible. Bitcoin is the first coin and the mother of altcoin. That's why altcoin price is always affected by bitcoin price

Yes, technically its possible. But realistically? No. Why? Because altcoins trades pair with Bitcoin.

Example:

ETH/BTC - Trading pair
LTC/BTC -  Trading pair

I hope you get my point. So to become independent, the price of bitcoin should be 0. But can that happen? I don't think so. Its either bitcoin become worthless or other coins takes over Bitcoin as the dominant coin to remove altcoins dependency on the price of bitcoin.

Whenever the altcoin is exchanged directly with cash, this does not mean that it does not depend on bitcoin. Because bitcoin is still a big altcoin (like US dollars)

Right now every altcoin will follow bitcoins price as it has the greatest volume in the market and is very much traded to different altcoin, and unless another crypto will have the same or more volume than bitcoin then it will not change. There are also instances that while bitcoin is going up the altcoin is going down and it can also happen in reverse, this happens in a bear market when the market volume is pretty much saturated and there are no new investors in the market.

most of the time altcoin will follow bitcoin price, bitcoin price pump and dump must affect altcoin price, but not always like that , try to check last 7day market price, bitcoin price don't have big move, but altcoin slowly increase,  so we can't predict it, your question will become possible if some altcoin replace bitcoin become top 1 cryptocurrency, do you think it's possible?

I don't know why altcoin running like bitcoin, if bitcoin falling down, altcoin follow it. Maybe that will be grow if that altcoin have news about its project, which is make investor interest to buy it. Like dogecoin can grow up to 100s satoshi when bitcoin falling down to the ground.

Altcoin actually do not follow the price of Bitcoin. but making the Bitcoin as a benchmark prices and the value of each Altcoin are present.
so that makes it always follows the movement of the Bitcoin.

i dont know much about it. but i have heard that if the btc dominance go below 20% then alts will not follow btc price much. anyway i also waiting for that to happen. once btc dominance was around 65%. once it was 35%. so going below 20% is very possible.

When bitcoin is no longer on the top of the marketcap.
Bitcoin is still the trendsetter of the market price i think, because the volume of bitcoin is much more than other coins.

It seems that Altcoins price is following Bitcoin, in fact is not. Other major crypto currency or Altcoins have own price, and the prices are not influenced by Bitcoin. As Bitcoin, it is influenced by the holders of itself. It should be recognized by Crypto currency users about its price in order not continuously miss understood about the fundamentals of Bitcoin and Altcoins.
In addition, in creating and building Altcoins, the developers are doing the best to have good competition in the market cap of its coins to get high value.
 

I think that is a very difficult thing to happen because all altcoins are based on the price of bitcoin (which I know) because that price of bitcoin is very influential on the interest in buying and selling altcoins. Hopefully the altcoin price will be very good by the end of this year.

It seems to me that only crypto-currencies, the value of which is backed by real assets, do not follow the ups and downs of bitcoin. Now it's USDT, and i know also one such crypto currency - Bitbon from the company Simcord, as it is secured by the company's assets. If interested, read about Bitbon more here - https://medium.com/bitbon/bitbon-system-crowdsale-from-simcord-company-4b254cb44d0

If they will have their own exchange in the market connected in USDT.
The first reason is alts/btc exchange. but if a coin will have USDT conversion instantly then it will be independent.
But as far as i know it is okay to follow as they are both cryptocurrency.

In theory, when there will be a strong currency that is able to compete with Bitcoin. Why can't this happen? After all, many strong projects. On the other hand, the question itself, if we understand it differently, there are moments when positive news comes out for the altcon, it can grow regardless of the fall in the price of the Bitcoin. It's happened so many times.

For me, you are mistaken because altcoins do not simply follow bitcoin price here and there, neither does it vary with it. Bitcoin is just a factor that determines whether an altcoin will continue in its position of pump even when bitcoin is low.

As long as your reearch work is firm, you have no troubles with bitcoin price when trading altcoins.

not all of them, have you not seen the market in the past few days? look at doge and recently xrp who went up without having to follow btc, there was also eth who fell very badly and did not follow btc.

I think so they compare the value to each other! so they do not lose because it's one of the parts of their marketing strategy. so we should not worry about the work you should know the trading strategy for more money to receive.

My belief is the altcoin market is very small if you take out the market slice BTC owns.  Relative to other more liquid investment vehicles, cryptocurrency in general is microscopic in comparison.

The best altcoins will eventually have their own markets and will do well independently of bitcoin.  But, what it will take is the masses to start piling into crypto after some sort of dollar crisis.

The prices on many projects will skyrocket as new investors don't have the time to research properly and start following trends putting their money on any project with a surging price.

Early adopters of cryptocurrency will start realizing gains well beyond their wildest dreams.  Hold tight!

When?
the first to be questioned may or may not be.
I say it can.
but when?
not in the near future. need a long process. it is undeniable that bitcoin is a pioneer of all coins created. bitcoin is the qibla of all altcoins.

need a project and system that is really serious and different to beat the popularity of bitcoin.

besides that there are also many other factors, such as the number of dumper who make a new coin project price sluggish, far from the desired target price

Good question. I'm also waiting for the glorious time when altcoins will be independent of bitcoin movement. They always go down when bitcoin is going down or even up and it can be frustrating. Maybe when most altcoins start to have USD pairs, the dream can be achieved.

I think that this will last until and as long as there is bitcoin. Because all coins depend on bitcoin. And they will be autonomous only when there is no bitcoin. A bitcoin will always exist so draw conclusions.

If someday bitcoin doesn't exist anymore. Just kidding. It's not possible indeed. BTC has gained its popularity as it is being used in more than any other cryptocurrencies. Also, it has been using in reality. I don't think it's gonna possible.

When they are all adopt by mainstream and algortihm could be a change not following btc price and ithink they should perfectly develop their projects before it goes live and independently perform well in several sectors using blockchain technology.

My answer would be "NEVER".
Reason being, BTC is the main trading pair for ALTCoins. Until and unless FIAT or ETH or any other trading pair becomes stronger for an altcoin, Altcoin will keep following Bitcoin prices.
You will mostly be converting your alts into bitcoin satoshis, and there price are pegged to FIAT which makes ALTs price pegged to FIAT eventually.

in any case, today there are quite a lot of different approaches to implementing the pricing of a particular project.Despite the fact that one coin is tied to the Bitcoin rate, and the other is a feat, their level of pricing is all the same, based on the current state of the crypto-currency market.

I think that today the bad condition of the market is not in vain, because the value of the crypto currency is being corrected and I hope that in the near future we will be able to see the internal situation of those people who have a future prospect.

I know some projects which don't follow bitcoin price at all. For example Home Loans. There is only product is the main price regulator. Only real product can rise coin value.

Some of them are already on the way to become independent, f.e. Ripple. Now you can buy more cryptocurrencies for FIAT, so they will soon not depend so much on bitcoin price.

There are instances when some of altcoins in the market doesn't really follow bitcoins price at all but most of the time we are really seeing that price of alts will always go with the same flow with BTC which it isn't really surprising considering that dominance of btc itself will really tell us on how he would dictate the market when it comes on what trend it was heading.Talking about stopping to follow then this thing wont really be that easy yet alts will need to have a sufficient dominance that can able to stand on his own.

Well this is more likely linked to the general volume in market and also the dominancy of btc in the time of reference, if dominancy suddenly jumps up for btc then we can expect btc price to grow while altcoins can suffer in such situation.

To make such a phenomenon happen, bitcoin should weaken, but now Its price and market capitalization is much higher than the line at which the influence of Bitcoin will become apparent.

Both coin are depended on bitcoin prices , the blockchain technology developed just to promote bitcoin as an exchange in payment in worldwide and we can't determine when it stop but it's matter of choice because they all know bitcoin has a good potential and it changes in faster transactions.

all exchanges use BTC as main currency, even ETH doesnt have that much markets in this markets or USDT (ot TUSD) if this logic changes, altcoins can be independent otherwise there willbe some movement independent from BTC but it wont mean they gained their independency

I think that's impossible since bitcoin is the mother of all altcoins, it sets benchmark in the current anf future pricing of all other alts. Though there was a time when ethereum appreciate during bitcoin fallback but then again never in the history that it was price more than the value of bitcoin. I guess no other alts can take over the market rank of bitcoin.

There are DEX's that don't have bitcoin pairs as they are mainly focused with Ethereum - ERC20  tokens.

And with this thing, it only says that bitcoin is the king of all crypto's and has widen its territory through having its main pair to all of the tokens. If one wishes to see altcoin stops following bitcoin's price then they can go to a decentralized exchange like idex.

when the altcoin does not use payment or exchange using Bitcoin, then I am sure the price of the altcoin stop to following bitcoin price.

It's a mistake, Altcoin price not follow bitcoin price. Sometimes bitcoin price up but altcoin down, Also sometimes bitcoin price down but altcoin up. Yes we know sometimes altcoin price follow bitcoin price but not entirely true. Altcoin also influenced by demand and supplay, also news, community and etc.

That's is very impossible, because bitcoin is mother of altcoin, King of coin

Altcoins price do not follow Bitcoin, Both Bitcoin and Altcoins have their own price that do not depend on each others.
How do you think so? As I know the price of Bitcoin depends on market demand and supply and Altcoins is also influenced by demand and supply itself. 

The only time this will stop is if there is no more altcoin-bitcoin pairs on exchange, but inasmuch as this continues,then the price will continue to be patterned after bitcoin.

This will happen in near future when mainstream adoption become our every day . You need to be patient and do something else in your life and you will see that small investment can be huge

Yes, it would be a wonderful day when alt coins finally decouple from Bitcoin. For that to ever happen a suitable alternative pairing (like xrp) or widespread fiat on-ramps will be necessary.

The answer is very obvious. Altcoin will only be independent when they can be converted directly into money. That only reason they are dependent on bitcoin, if they have their own fiat value, they can be independent. You can go technical on this but and the end of it still need to have its own value for it not to be dependent on bitcoin or other alts that can be converted directly to fiat.

Not all coin is following this trend. For example, ripple has pump that almost hit its all time high which left behind other coins. This is one of the example of some coins not following bitcoins path.

When we use another cryptocurrency as the main measure unit to calculate the value of cryptocurrencies, altcoin would stop following the price of bitcoin. The price of altcoin is following the price of bitcoin because of the psychology of human, we are thinking that bitcoin is the core of cryptocurrency. If we can delete this thinking, the price of altcoin will stop following bitcoin.

Dude, when ripple pumps, BTC pump as well

have you noticed?

and now BTC is dumping, and so with ripple

Agreed that not all Alts are following BTC paths, there are alts that would go pump hard especially the new ones

however the most common observation for all of these is that when BTC continues to go down, they will always follow later on

These will take all the time that altcoin just depend on the price of bitcoin because it is the foundation of it. The price of altcoin is based on how much the price of bitcoin is on the market. When the price of bitcoin comes down the value of altcoin ups and vise versa.

When real usage and adoption happen inside alts industry, then will be the time for alts to have good community and value, each alts that have the target venue will surpassed the bitcoin shadow after things become usable from that venue itself, when the audience start to really adopt and use the system
and makes the system very useful for their businesses,.

It will never unfollow the bitcoin price even with a real use case and it will be useless. Bitcoin just like a fiat money that has been used to determine the real price of the each token or altcoin.
So many projects have created their own product and give a real use case for us but they can't even leave from the bitcoin domination.

Altcoins can get rid of the price dominance of bitcoin only in the case when bitcoin will lose its high level of capitalization. Now the capitalization of bitcoin is more than 112 billion dollars, and the capitalization ethereum, which is the second in terms of capitalization - is more than 22 billion. Based on this, this state of affairs is unlikely to change in the near future. The difference in the level of capitalization is too great.

In my opinion, altcoins may become independent from bitcoin only if the latter loses its dominance over the market which is not realistic now but entirely possible in the future, regulations and big investors should change the market

being independent between altcoins and bitcoin is separate because of the ups and downs of market conditions, therefore the second price can be a price that follows bitcoin to independent of altcoin prices

altcoin and bitcoin are the same things these are crypto and for me the crypto is important some time i follow one and some time i switch to other like  all the time i have bitcoin but when i have check that growth potential is expected in one altcoin i come for that and hold that for a good time i have seen that crypto market requires high skills and talent.

Blockchain technology continues to be developed and gets important attention from everyone, we can see bitcoin will have great competitors in the future, with innovative and better ideas. Bitcoin has a small amount of supply, this makes bitcoin prices high, has many requests but only has a little inventory.

I’m staying in my Alts cos if bull comes, multipliers will b greater than BTC.. if bear comes, wait a min, bears came, Alts have already been smashed to bits, why would I wanna get out of Alts right now? Anyways, just my train o thought.

why not?
traders now are very careful, not like FOMO people like last year. and I think that's a good sign for a stable market.
holders don't really want to sell their coins even BTC go down or up. and mostly people holding coins are holders, traders have long gone.

That is known trend price of altcoins follows, i don't think altcoins can be independent from bitcoin we have to leave with that reality, it is most recognised it is indispensable.

From the beginning I did not think of the price of the altcoins under bitcoin. That's just the distribution of the sharks. They scattered all the altcoins and they made a profit from traders selling off the cheap altcoins. They have a very large organization and work very well. In the stock market there are a few such groups and I'm sure my thinking is right.

All altcoin price are depending on bitcoin price no matter what, that is the only things that really happens in all coins in the market, when whales (bitcoin) move altcoins follows like they threat bitcoin as the leader. And to be an independent one, it is impossible to be.

Well, I don't think altcoin can separate from bitcoin price because bitcoin is the king of all coin, every coin will follow it

All the altcoins will be always dependable on bitcoins because most of the ico today has base price of ethereum which is tether to bitcoins and that is the reason why all the cryptocurrency in the market is highly affected every time the bitcoin price is dropping.

The reason is the lack of fiat trading pairs for most alts.

Say a coin has a price of 0.1 BTC, and bitcoin is at $6000. So the coin has a price of $600.

Bitcoin then rises to $12000. There has been no trading on the altcoin, it is still at 0.1BTC... which means it is now at $1200.

So the price charts will say the coin has risen 100% (from $600 to $1200), exactly the same percentage increase as bitcoin. But in fact the coin hasn't moved at all, there has been no trading.

This is a simplistic example, but it is caused by the lack of trading pairs, and by the facts that a) when trading on an exchange you are typically trading against BTC, and b) coinmarketcap gives you prices in $ rather than in BTC.

maybe when some other coins will  break high.

Bitcoin is the king of the electronic money market, and it will survive for a long time in this role. It would be long before altcoins could break out of Bitcoin's shadow. It may be two or five years.

It will still take time I guess before altcoins could become independent with bitcoin and if that happens ethereum might get even with regards being dominant in crypto world since only few altcoins could exchange directly with fiat just like bitcoin, ethereum and few others.

I wouldn't say it is not possible as we can still get to see this in the long run. For one thing, the market is all speculative right now and the only reason why we get to see movements like this is simply because whales are always driving the price to their taste so as to keep making shit load of profit. However, with real life usage, things would change as we get to see each alt market having its own demand without being driven by speculations and in those kind of scenario, we get to see a matured market and not just some pump and dump market.

This will happen when the exchanges stops pairing altcoins to bitcoin but I think that situation will only happen when altcoins became big and started to be used by mainstream. I think it started cause the top altcoins are now paired to usd in almost all of the exchanges unlike way back then when it's only paired to bitcoin.

In my analysis the price of altcoins is depend upon the price of bitcoin. When the bitcoin price rises the altcoin price do rise also. Some of our community always check on the passively innovation of bitcoin, they are feel great if continuously rising the price of bitcoin.

Bitcoin is an indicator of the state of the entire cryptocurrency market. Of course, the main growth begins undoubtedly with bitcoin and then the rest of the altcoins begin to grow.

There have been some altcoins that are growing in price and independent of bitcoin, some of this altcoins got pumped while bitcoin is still struggling to grow beyond 0.09%. Altcoins can only stop following bitcoin price when they have great idea that is sellable and roadmap that is feasible thereby creating a viable coin that can create a space for itself in the market

Probably it will not happen when altcoins will stop following bitcoin market price movement. Usually if an altcoin doesn't have a good utility for the project was not able to work out then probably the market cap for that coin also is low. And since the altcoins short term for alternative coins for bitcoin then definitely all of the altcoins are connected with bitcoin. So whatever market price movement for bitcoin the altcoins will probablly follow.

That is also very important question for me . Because alts generally following btc's price always. we need to independency for altcoins. Whales keep manipulating the market.

None, all altcoins on average have Bitcoin and Ethereum pairs, it doesn't make sense if an altcoin doesn't follow the price of their parents.

When there's more fiat pairing in the market then that kind of situation will happen, right now it's impossible to do because most of the trading pair is against btc so of course the movement of bitcoin will affect alts a lot. Fiat trading pair is very important because the price will be solely affected by the development and the performance of the project, if the project is really good then the price will go up without bitcoin hindering its movement.

Most assets always depend on a main one. So Altcoins always depend on Bitcoin price. But the question is that the algorithm of their behavior always changes. Today altcoins are falling while Bitcoin is growing. But tomorrow it will be the way around.

That thing will happened when people stop thinking that bitcoin is the mother for all cryptocurrecy, cause any altcoin should be able to be independence cause it was created as the alternative currency other than bitcoin itself.

They can be if we start seeing real life usage and less of speculative driven prices with FUDs and FOMOs. This is the reason why coins and tokens with solid projects will always in the long run tend to do great whichever way and at least based on the fact that there will be users who will find a need to use it for the value it creates, then the possibility of seeing things manifest appropriately is still there.

In that kind of scenario, I believe most of those alts in these categories will be tagged to USD, and then we will be able to see them standalone doing their own thing without being pressured by the bitcoin market as they end up having a market and support of their own.

Altcoins stops following Bitcoins price in just two reasons, one is if a specific Altcoin died or if Bitcoin crash which is far impossible for now. Bitcoin is widely used, accepted and adopted so I think that those are few factors affecting Altcoins dependency on the price of Bitcoin. It could also be a reason that a specific Altcoin earns a stronger support from the community compared to Bitcoin which is also impossible for now.

as honest - I cant understand how price of the most altcoins depends from price of btc or eth, it strange, looks like manipulation

altcoin will still follow the price of bitcoin and including the system and also the increase and decrease of the price of bitcoin altcoin contribute greatly to bitcoin

To make such a phenomenon happen, bitcoin should weaken, but now Its price and market capitalization is much higher than the line at which the influence of Bitcoin will become apparent.

Usually, Altos stop following the cue ball when bitcoin is in a narrow corridor and the price practically does not change. Then the domination of altcoins begins to grow rapidly

.
true because bitcoin can be referred to as an altcoin parent as it will always keep abreast of bitcoin prices and besides that we all know bitcoin is the first currency to carry out the market almost completely. if an independent altcoin will be difficult to develop because the project platform is controlled by bitcoin.

I think that never. Because they will always depend on the leader from bitcoin. Bitcoin will always set the growth rate and the altcoins will be guided by it.

I think bitcoin will take the lead for a long time and all altcoins will be based on its value, but it would be good for altcoins to become independent.

Investments is BTC decreased, but Bitcoin, as the very first cryptocurrency, will influence the development of the entire market for a long time. On the coinmarketcap, there are statistics that indicate that Bitcoin's dominance at the moment is 55%.

I also think that Ethereum still has chances to outrun Bitcoin and gain the first place, but in this case one coin will change another. No matter which coin is the number 1, it will have the same dominance as BTC now has.

When the bitcoin gets stable altcoins will move like anything. They too can dump more so it is also suggested to have them in parts.

It seems to me that this will not happen, because there must always be a project in relation to which any project will be considered, or rather, I’m talking about the value of this project, so I think this is a necessity

As long as there is no regulator on the market, this situation will remain in any case. However, the market is so structured that coins with larger capitalization affect smaller coins.

I don't think sure someday altcoins will don't follow the Bitcoin price, Bitcoin has already become major cryptocurrency. Almost all people around the world know and using Bitcoin.

Also, every cryptocurrency exchanger already set Bitcoin as the main pair to other cryptocurrencies...

What is actually lacking in the altcoin space now is just simply the fact that the altcoin market is all based on speculations and we definitely know that as long as there is no real life usage, the market is always bound to be easily manipulated.

Whales will always have a hand in the market when you see them strike, others follow, because the market on its own is driven at the moment in such way and it is the same people who drive the price up to this extent, being the same driving the price down, and until we start seeing real demand for them based on usage, it will keep on remaining that way.

i think that altcoin is not actually following the btc price in the current situation and most likely there are instances that altcoins sometimes were pulled up after btc goes up trend. This case is somehow not happening to all crypto currencies as they have there own individual market movement. But in general, BTC is usually the baseline in the crypto market where if btc is on uptrend market, usually majority of the crypto's goes up trend also.

Cryoto market is based on exchange of coins and there is a medium of BTC, so in theis way it is the main coin of the market every transaction of the market is thru the btc, and for this there is no set regulation of exchange, people have to exchange their coins via btc stopping of this is not easy.

At short intervals, in young cryptocurrencies, the connection with the Bitcoin rate is high. As the popularity of altcoin increases, the connection weakens. Altcoins have the same behavior in relation to Bitcoin, in moments of significant news.

I believe that this will be after a large increase in Bitcoin.  Because everyone will earn on the growth of Bitcoin and start withdrawing money from Bitcoin and invest in altcoins.  Then there will be their growth

When? I believe never. Some altcoins are really good due to some extra features they offer, but Bitcoin got the consumers preference first and that is something strong in the market. Coca-Cola vs Pepsi is a good example. Even when Cryptocurrency is not part of the regular market yet, they are still ruled by a good number of the laws economy and free market, because it's how the people who invest or utilize those products think.

Some in fact stop following sometimes, some coins also have a growth rate per year comparable to Bitcoin. However, they will probably be always behind in price. That's what i believe.

I don't think this will happen soon.

BTC is the main set and altcoins are the subset of BTC. Thus I don't think it's possible in the near future..

I think there are no altcoins that are not tied to the price of bitcoin, because all of the exchange is providing a btc or ethereum pair or just btc and dollars, so it is very difficult for altcoins to escape the shadow of bitcoin

I think when people stop mining bitcoin and it will be only for trading on the market. There will be place for "new bitcoin"  and the great chasing among coins will be very interesting

Regulations about BTC that appeared recently may significantly change the situation. People will get that regulations make a difference so BTC and altcoins will separate ways.

To my own understanding of how btc control the market has nothing to do with alts dip or pump, both are independent only that we have two ways in determine the price of alts which are $ n btc so the major concern should be in $ not btc value , we only seem to have dip in alts when btc move because all exchange paired alts with btc and not $ and once btc increase in it value the alts is tend to reduce in btc value but might nmbe same in $ value , this is what people don't look out for assuming btc is value at $10k and eth is value @$100 which is 0.01 to btc value and btc move to $12k which means that eth I tend to reduce in btc value but can still be same $100 in $, but will be 0.008333 in btc value so this is why people think btc control the market.

At present, most of the altcoin valuation of it through Bitcoin! This will significantly reduce if there are other transaction pairs, not related to bitcoin!

Bitcoin price is the determining factor for other altcoins, their prices depend on its price. Another determining factor is the altcoins demand and supply.

for my opinion altcoin not follow btc price just trying hard to rise the price  ;D

No, you are wrong. The market may follow BTC, but in most cases, there is huge gap between BTC growth and altcoin growth, so they do not even worth comparing.

When the people will understand that not every coin is based on Bitcoin. For wide majority of people BTC is the only coin that worth attention.

They are independent, they just need better marketing campaign and better understanding of cryptocurrency market for possible investors. This is the only way.

Maybe you should take another look at the coins' price movement. In fact, the alts almost never strictly follow the price of Bitcoin. For example today, when Bitcoin's 24 hrs change is +0.56%, XRP's change is +4.24%, Tezos' change is -1.38%, Bitcoin Gold's change is +7.49%, etc. And none of the coins from CoinMarketCap Top 100 has changed exactly as Bitcoin did. So, as you can see, they are already independent in a way.

But of course when Bitcoin undergoes significant changes altcoins follow, and this happens mainly because alts are traded for BTC in most places. When altcoins will be traded for fiat or for other than BTC cryptos the correlation may become not that obvious.

Also we have to keep in mind that Bitcoin is the most trusted cryptocurrency in the world and thus even if all the other alts were traded for fiat already, I think there still would be some correlation between their price and that what happens to Bitcoin.

I believe that this is already happening. already there is no such peg as before. just there used to be more investment in bitcoin, and it has already bought altcoins, now passes more transactions of fiat in altcoins. :)

It takes time. Now bitcoin rule them all because bitcoins marketcap is really big. YOu know the dominance is around 50 percentage. I believe in next 3 or 4 years things can be more different than now.
And i believe some altcoins stop following bitcoins price.

Each time I check the crypto market I see the following situation: when Bitcoin is rising, altcoins are going up as well. I think, they still depend on their leader, BTC, and it will last for many years.

The did not follow the Bitcoin price in 2017. They are following the Bitcoin price, because the majority of investors and putting their funds in Bitcoin, because it is the most stable coin at the moment. As soon as the market turns green, things will change.

what I understand is, the altcoin doesn't try to keep up with the price of bitcoin but has the same hope that their altcoins can be used in various payment platforms like bitcoin today. they should know that the altcoin can be used in the altcoin theme (food & beverage for example). so its abnormal if they're trying to use it to pay outside of it

Any new currency is forced to follow another major's price like Bitcoin, US Dollar, etc.

The problem you have seen on altcoins is that such coins follow the Bitcoin price in an evident direct correlation. In case of tokens, they are forced to follow the price of their blockchain's coin price and such blockchain are used to follow the Bitcoin price.

Another problem of altcoins is that they let the price to run on exchanges, being speculative value the primary component of their price instead a real value generated by its adoption in the real world.

The answer for a right investment is to find a currency designed to create real value by its adoption in a worldwide community.  An example is Triplay: a token designed as part of a complete set of applications you can find at triplay.io

Triplay founder has been a special interest into break the direct correlation from any other cryptocurrency; so, the entire Triplay ecosystem has been developed focused in the US Dollar for price reference, to avoid any correlation with Bitcoin or with its carrier blockchain and to create real value for investors willing to earn money to finance their spends on their real live.

Regards!

How many conversations were on this topic, but still continues to disturb the minds. You can trace the analogy, as with the usual currency. All currencies are worth a dollar. And it will be maintained as long as it is required for certain forces. The same can be traced with Bitcoin.

I think it is the time when most of the world know about cryptocurrencies, thus BTC's market domination is less than 5% (10% dominance for BTC can also rule other altcoins). So I don't think it would happen in near future.

if bitcoin market dominance drop till only 10% or lesser. the altcoin will most likely not control by bitcoin price. but another coin will emerge as leading coin. market still need a coin being a reference.

Most altcoins are tied to the price of Bitcoin, so they fluctuate in price with it. They simply don’t bargain for assets other than Bitcoin. If they could be traded for ordinary money, then they would not be so affected by Bitcoin.

The reason why altcoins follow bitcoin price is very simple. In most cases the investors don't know much about the projects that are behind the altcoins, so they don't react much  nor on good nor bad news, they just follow bitcoin price and if bitcoin goes down they sell.

This is known as the foundation of the whole volcano and everything is shaking during an earthquake, and not just one part of it. So it seems that this will never happen, unless you destroy everything.

Today cryptocurrency become popular only because of Bitcoin and Bitcoin is going to be a dominant currency which we cannot able expect the prices of Bitcoin. In order to get popular by themselves, they need to prove themselves in the market in order to become more popular.

I think that this will not happen soon. Altcoins are very dependent on the price of Bitcoin and constantly follow it. This will continue for a long time.

the fact is that this market is very speculative and even ETH drops when Bitcoin drops. all altcoins really depend on it

I think altcoin will be an independent coin and will continue to do great marketing to be able to have better value without being influenced by the price of bitcoin. Every coin will strive for it to stay afloat and continue to grow so as to add to the community.

It is a general, widely accepted case, which will be difficult for people to forget about, and as long as people believe in this trend, there is a good chance it will exist. Maybe if some other coin would surpass Bitcoin, than it could be a "game changer".

I see the market now altcoin price is almost the opposite of the price of BTC and ETH, I found that once the price of BTC down, the price of altcoin increased, in terms of converting from pennies to ETH or BTC The prices we discount are higher.

its can happen when bitcoin marketcap below 20 percent, now domination of bitcoin is more than 45 percent and so many pairing in exchanger use btc

I have been wondering about this too. I feel bad for an ICO/Crypto project that performing really well but the price is declining instead because of dependence on bitcoin price.

never.
bitcoin always regulate prices of altcoins.
and i think this must be like that. there must be a regulator.

Only when Bitcoin is not available on Crypto market anymore :). I think it's impossible cause Bitcoin will always be the king and the best cryptocurrency so all other cryptocurrencies price will follow and affected by price of BTC all the time. I think there is no way to change this fact. LOL

All crypto currencies are in one pool. Therefore, interaction is inevitable. People's tendency is to sell altcoins and switch to bitcoin, or vice versa, so they both affect each other. It's the people who value bitcoin and I think this relationship will continue for a long time.

That may be possible when there will be another crypto that is dominant as bitcoin. For now, bitcoin is the base currency of cryptocurrencies having a price pairing of bitcoin and the cryptos so we can do nothing about it if alts price will always falls down when bitcoin rise and fall.

There is a possibility that it can happen and a stronger possibility that it might not happen, Bitcoin is one of the stable currency in the crypto market and its dominance and credibility will always affect the  market one way or the other as we proceed with out trades.

In my opinion, almost altcoin is nowhere near the BTC price, I see the current BTC and ETH prices are increasing, but some altcoin is down, or when the BTC and ETH lower prices, some altcoin is still increasing, It shows that the coins market now grows by their capacity, regardless of any BTC or ETH or large coin.

no one can know for sure the future of any crypto currency, indeed for now bitcoin is still another guideline for coins and altcoin but in the future no one can know for sure the most important thing is that we must be smart in taking advantage of opportunities that we will get it

While bitcoin will be in the first place in capitalization, it will be a benchmark for all other coins and the entire cryptocurrency market, in the future the market picture may change

To be independent of the exchange rate without depending on the BTC will be very long because currently BTC and ETH are the two largest cryptos in the cryptocurrency market, so it dramatically influences the altcoins. Especially ETH is known as a standard in the use of ICO technology in the creation of its Token.

now. It was independent and was no longer at the price of Bitcoin. Simply because the manipulative organization has stopped working so the price of altcoins is no longer under bitcoin anymore. As you can see, pumping and dumping are no longer taking place. We are entering a new phase of the market and we need to re-examine everything.

Currently, the price of coins is declining, altcoin prices are down but the BTC price is still standing at $ 6400. The market is facing problems, no one can know exactly, so I think that patiently waiting for us may be lucky.

I don't think they'il stop following.
As you all know, the king of this market is Bitcoin. This market exists with bitcoin. Without Bitcoin, none of this would have happened. Everything was done thanks to bitcoin. That's why I don't think they'il ever stop following.

I think bitcoin has become so popular because it comes to crypto that people will think of bitcoin. So asking when price Altcoin does not depend on bitcoin prices as well as ask when another coin replacement bitcoin?

It is impossible to say because now every coin price completely depends on the price of Bitcoin movement and when the price of Bitcoin start increasing automatically the price of altcoins start increasing in the market and it is very hard to say.

Never. Altcoins will follwo bitcoin always because it is the most strong and stable soin on the market and it is also very popular among people

Possible  harder to explain  because each person had an own visual imagination
Specially the future of cryptocurrency and not impossible to the new technology
To create independent altcoins

Bitcoin will still be the best and Bitcoin like USD with such a large magnetic power.
Bitcoin affects the global market greatly, whatever happens to Bitcoin will definitely affect the market as a whole.

This is unavoidable, when Bitcoin has the largest market and is currently the most trusted coin, Bitcoin will still be the best. This is a thing that we must follow, Bitcoin becomes a benchmark and this will last until there is a coin that does have strong power. I can ensure that Bitcoin will still be the best in at least the next 10 years. Look at the data and what will happen in the future !!!

When altcoin can gets its own pair through use fiat money as the main pair and then altcion can be inidependent. As far as i know about the fact that look at the stable coin and it can be independent with the help of fiat money that backed it.

Bitcoin still on the lead among altcoins and its prices currently depending on BTC price on the market. Crypto is still alive just because of bitcoin and thus, altcoins will still be dependent on BTC  and there is no way that it could go separately unless market regularization will imposed.

I'm still find there is no reason altcoin will be independent & not follow btc price. even alts directly paired into fiat money, stable coin the price will be dependent into btc. Like this or not but the almost all coin are always paired into BTC & it has larger volume than another pair, thats why it will be dependent into BTC price.

As what I've understood that every ICO has its own purpose for its coin, since they have there on platform that aiming people that they will use and by using its dedicated coin and because its all under in crypto currency then still depend on the price of the king of all coin, the bitcoin.

Bitcoin is  the most well-known crypto coin and the leader of crypto market so it is natural for the altcoins to follow bitcoin both up and down.

there are some altcoins that can not follow the uptrend of bitcoin, It depends to the people they can run up the prices of altcoins not the altcoins because they think if bitcoin is increase then altcoins as well, so they will buy more.

I don't think it's because of the famous bitcoin altcoin following the movement of bitcoin. I think of all because of the ability of bitcoin which can be like moving the crypto market, which has an impact on altcoins so it's like following the movement of bitcoin.

I do not think Altcoins price is entirely dependent on Bitcoin price. There are Altcoins that can decrease are lower than BTC when the market is down but opposites is right. When the market increase, Altcoins will high profit much better than BTC.

This is possible thru price manipulation like the big whales should unite to dump Bitcoin and pump a certain Altcoin using their huge resources at their disposal but if we will just rely on the real demand of Altcoins then it is very impossible to happen as Bitcoin already build a deep relation of trust among the people as the most promising crypto investments.

As far as I know the altcoin price movement is actually, not based on bitcoin price movements but the actual rise and fall of altcoin prices only triggered by active user behavior.  When the upward trend in bitcoin prices occurs, usually altcoin users who have little funds, take advantage of that moment to buy altcoins in the hope that the coins they buy will be pushed up in value by the atmosphere of rising bitcoin prices.

I don't know when altcoins will stop to following to bitcoin price. Because Bitcoin has a great influence on altcoins. And everyone can see it hoe does the market become red when bitcoin becomes red.

I'm wondering this like you my friend, why altcoins are still following bitcoin so much, they must not affect more like this from every moves of bitcoin. Market can be more stable and should be separated from the price of bitcoin.

When they stop copying the code of bitcoin and they stop copy everything that bitcoin does, that is when altcoins will begin to move independently of bitcoin and since most coins are just cheap copies of bitcoin then for the foreseeable future you are going to see those coins moving in the same direction, only the coins that have any kind of originality move independently from time to time from bitcoin.

I've never think that altcoins still depending on bitcoin but it could be basing on Ethereum price. There is a huge falls of altcoins as Ethereum have it though, but if Ethereum goes up,  everything will goes up also unless it is a dead coin.

I guess that Bitcoin will stay the market leader, and the altcoins will follow it. Probably, it will last for many years. Actually, I do not see anything bad in it, and that is OK for me.

The independence of altcoins from bitcoin is only a dream. I think at the moment it's all so closely related that it will take years to remove the dependence.

Probably never. I always think that these altcoins are just speculation tool. Unlike Bitcoin, they're not a real asset per se. So they will keep following major coin price, mostly Bitcoin.

Good answer, I agree. Most altcoins are just "selling" idea or concept that doesn't really has a real-world use.

A gigabyte will soon become the most valuable cryptocurrency — without the Internet, there is no point in cryptocurrency, and the Internet is already slowing down

I think Bitcoin will still be the best and Bitcoin will always be a magnet for all altcoins
Bitcoin affects global markets, whatever happens to Bitcoin will definitely affect the market as a whole.
And this cannot be denied, because Bitcoin has the largest market and is currently the most popular coin, and Bitcoin will still be the best.
But if there are altcoins who want to be independent of course they must be able to defeat BTC and I think that is very difficult.

Also investors/traders are still considering the price of bitcoin before they invest in altcoins. I think it cannot be stopped because bitcoin rules the market, and bitcoin is too big not to depend on. Altcoins will still have its own good side, it may not seen true its price but if you see its technology for sure you will love to invest.


Many coins are being considered as the next bitcoin, but I think it will not going to happen in the next 10years or never. In some places Internet connection are very solid, and everyone need this thing so for sure it will continue to improve over time.

I think this is very difficult for the Altcoins. Unless there is a strong enough Altcoins to beat Bitcoin and lead the coinmarketcap table. Probably not likely this will happen and the Altcoins will depend on Bitcoin.

Imho never. They will get less correlation but BTC will lead it always. I wait for independence for ETH and other coins from TOP25. But today situation don't look promising. That's why when I trade I watch on the 2 charts - BTC and researching coin.

I would like cryptocurrency God to hear your words. I also hope for the independence of ethereum and that this particular coin will influence the cryptocurrency market, and not Bitcoin.

Look at the Ripple and Stellar /BTC price charts, we probably found the bottom even bigger drop on Bitcoin price didn't affect XRP or XLM /BTC valuation. So maybe it is really a bottom at least for mid-term?

That is the only time it can start to create it own part and work for all of us.  Many projects are far better than bitcoin but because it is a pioneer Cryptocoins that has become a leading coins but some times are coming that every coin are going to chart it own part and by then altcoins will stop following bitcoin.

it won't work unless there is a mutual agreement between several altcoins to form a new conversion axis. Currently altcoin, especially the founder of BCH, still has the dominant BTC and can change price speculation in a short time. They will not stand alone because they are still following the same consensus development.

I think it won't happen! The whole crypto market follows the bitcoin trend. Without bitcoin, all altcoins will fall down to end! Though altcoins can run without bitcoin, but that will be goldbrick.

And this, my friends, is a prime example of what a detrimental affect Bitcoin worship has on the brain.

Avoid it at all costs. Please.

Indeed it looks difficult if altcoin is not influenced by bitcoin, the main coin which until now still remains the parent of the coin. Only a creative development team might be able to change altcoin at a better price, the community might also be able to change it without seeing bitcoin.

When altcoin marketcap more than bitcoin market cap, as long so many exchanger pairs have bitcoin i think altcoin still following bitcoin, i mean when bitcoin is useless than altcoin will be superior, when? thats a question worth billion dollars ;D

all bitcoin can be exchanged for bitcoin, both based on ethereum, based on EOS and Stellar, therefore all altcoins will be affected by the price of bitcoin.

Eth , bch and xrp are all strong altcoins and they are once close to beat bitcoin in terms of price but even if they succesfully de throne btc's value i dont think that altcoin will  follow them .  altcoin will only follow to bitcoin because btc is the base of all cryptos .

Btc might be the king but altcoins are still better i think in my opinion  because alts can be used on both investing and for paying/buying  . thats why altcoins are still more indemand even though you cant see that their value is increasing .

Bitcoin will stop exerting price dominance over other types of cryptocurrency when its capitalization level drops to the level of other cryptocurrencies. Sooner or later, however it will happen anyway. Especially if it will not further develop and improve. However, due to the emergence of new perspective coins and tokens, it is inevitably vseravno. In the future, there will be several leaders at once who will periodically change each other in leadership. Apparently, then there will be no price dominance and the cryptocurrency in its price will develop freely and independently of other cryptocurrencies.

Currently, I think the value of BTC is increasing or decreasing as independent does not affect the overall altcoin in the market, because now there are too many poor quality they do not follow the rules as before

They will not stop doing it for many years more. Bitcoin will remain the most powerful cryptocurrency for long. I am not even sure that some crypto, better than BTC, will ever appear.

It's the only coin ethereum that could break the cycle. Maybe after that, NEO joins them.

The ETH must take more responsibility to get out of this cycle. I trust Vitalik. Because before Ethereum, he's trying to develop blockchain technology.