Bitcoin Forum
May 24, 2024, 07:10:39 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Have a Question About BTC I need an Answers to.  (Read 235 times)
famososMuertos
Legendary
*
Offline Offline

Activity: 1750
Merit: 2791


Concurso 🎂 Predice BTC:31M. Asiste Tablero


View Profile WWW
July 10, 2022, 02:30:05 PM
 #21

Well I am absolutely sure, that you are a holder of shitcoin, and on mode desperation lol, to the "question" the first thing is your post title clicked bait, at least for me.

Second, we cannot or better said we should not think of equivalences (e.g. of markets) of the fiat currency in its performance with what happens with bitcoin, it is obvious, it is natural to go to the comparison, but for reference only, that is, the  behavior of bitcoin for now is very different in the crypto market, sometimes or many times it borders on similar behavior and in fact there is a tendency for speculators, prophets to make these comparisons.

So, to be in the game, to understand these things, you should reading (much) to get informed, by the way one of them is that there is no associated algorithm that makes the rest of the marketcrypto react to the price of bitcoin.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀

Sr. Member
kryptqnick
Legendary
*
Offline Offline

Activity: 3108
Merit: 1389


Join the world-leading crypto sportsbook NOW!


View Profile
July 10, 2022, 04:27:04 PM
 #22

There's nothing in Bitcoin itself (its design or how it operates) that makes other coins follow it on the market. I see why you might think so, observing how Bitcoin goes down and so do major cryptos and vice versa, but that's correlation, not causation. Bitcoin is the biggest coin by market capitalization and by reputation (the scope of people trusting it rather than other coins). So if it goes down, it can be viewed by many as a signal of something wrong being with the market, so they sell other coins as well. If it goes up, they start buying other coins in the hope that they'll go up as well. A self-fulfilling prophecy, basically, at least most of the time. Sometimes there can be events concerning the whole market, such as trading restrictions, major exchange hacks or a global event that is likely to disrupt the global economy (like the pandemic).
The above point it just to add to the trading pairs reason, outlined by others in the thread.

  ▄▄███████▄███████▄▄▄
 █████████████
▀▀▀▀▀▀████▄▄
███████████████
       ▀▀███▄
███████████████
          ▀███
 █████████████
             ███
███████████▀▀               ███
███                         ███
███                         ███
 ███                       ███
  ███▄                   ▄███
   ▀███▄▄             ▄▄███▀
     ▀▀████▄▄▄▄▄▄▄▄▄████▀▀
         ▀▀▀███████▀▀▀
░░░████▄▄▄▄
░▄▄░
▄▄███████▄▀█████▄▄
██▄████▌▐█▌█████▄██
████▀▄▄▄▌███░▄▄▄▀████
██████▄▄▄█▄▄▄██████
█░███████░▐█▌░███████░█
▀▀██▀░██░▐█▌░██░▀██▀▀
▄▄▄░█▀░█░██░▐█▌░██░█░▀█░▄▄▄
██▀░░░░▀██░▐█▌░██▀░░░░▀██
▀██
█████▄███▀▀██▀▀███▄███████▀
▀███████████████████████▀
▀▀▀▀███████████▀▀▀▀
▄▄██████▄▄
▀█▀
█  █▀█▀
  ▄█  ██  █▄  ▄
█ ▄█ █▀█▄▄█▀█ █▄ █
▀▄█ █ ███▄▄▄▄███ █ █▄▀
▀▀ █    ▄▄▄▄    █ ▀▀
   ██████   █
█     ▀▀     █
▀▄▀▄▀▄▀▄▀▄▀▄
▄ ██████▀▀██████ ▄
▄████████ ██ ████████▄
▀▀███████▄▄███████▀▀
▀▀▀████████▀▀▀
█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
wxa7115
Hero Member
*****
Offline Offline

Activity: 2730
Merit: 705


View Profile
July 10, 2022, 04:56:56 PM
 #23

1_"Why is the algorithm of BTC built in such a way that it drives all other cryptos as it moves up or down?

Like "Would it not have been much better if BTC price movement do not effect every other cryptos?, So as when the price of BTC falls, other cryptos price will not but would be base on the amount of demand and supply present in them,  just like the traditional forex market where all fiat currencies do not fall at same time.
You are misunderstanding bitcoin completely, bitcoin is not somehow manipulating the other coins with its code, if you think about it it would be very dumb for the developers of thousands of altcoins to somehow leave some code allowing bitcoin to manipulate their coins.

So what is actually happening? Bitcoin is simply too big, as an example think of bitcoin as the sun and altcoins as the planets in the solar system, even if the sun moves around the galaxy it has so much influence over the planets in the solar system that they move with it, bitcoin is the same, bitcoin has such a huge advantage over any other coin that if it moves then most coins respond to it even if their developers do not want this to keep happening.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!