How does Bitcoin affect other Crypto?

[kucritt]

bitcoin affect other crypto, because we can see that many crypto is depend on bitcoin, what its mean? its mean that cryptocurrencies that we have always exchange it into bitcoin first before you sell it right? its the reason why if the bitcoin rise up the other cryptocurrencies price is down

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[Dexion]

Of course, bitcoin markets affect the altcoin market, but some altcoins do not get the effect of bitcoin, and that's just a good altcoin.

trading is not easy, you have to be patient, use strategy, do market analysis and analysis every chart.

[budarkcyber]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?

Probably because bitcoin is already longer than altcoin, so maybe bitcoin prices will affect altcoin

[toreserve]

Bitcoin is accepted in many countries as compared to Altcoin, which affects the price of electronic money. And this ultimately affects the price of Altcoin and affects its growth. Bitcoin is the king of all other currencies and the entire market is controlled by bitcoin as Bitcoin prices will move unpredictably over all the markets that will move by bitcoin and the price of all beat altcoins By bitcoin, and like people say, when bitcoin prices increase, some altcoin prices are down although there are still some altcoin that are stable on their prices and not followed to fall.

[cposeidon123]

Bitcoin affects them through the bitcoin's market fluctuations it affects other cryptocurrency prices which makes Bitcoin and Altcoins related.

[acord00]

Bitcoin affects other crypto currencies with price fluctuations and trust in the community. If the bitcoin price rises then other crypto currency prices also tend to rise but if the bitcoin price decreases then the price of other crypto currency will also decrease. Other than, public confidence in bitcoin is also very important. If the belief in the king alone is high then indirectly the belief of the people also tend to be high. High public confidence in bitcoin will lead to higher confidence in other crypto currencies.

[Baronggot]

Because of the fact that bitcoin is the base coin that every crypto coin can trade to is an equation that there is a price link between them. For instance, a crypto that has a value of 1 dollar in bitcoin this time can have a value of 1.5 dollars in the next couple of hour as bitcoin's market price rises.

[ethereumhunter]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?

do you remember when bitcoin start to rise and finally reach $19k? in that time, almost altcoin is rise too and make the highest price even for the cheap coin price. from this, bitcoin price giving an effect to another crypto because the other crypto is just following where bitcoin wants to go. and if somehow bitcoin is down, then the other coins will down too. and related with the conditions today, bitcoin price is not going to increase higher or lower so it makes the altcoin is not increased higher and lower but some of the altcoins can increase higher and try to back to the highest price.

I think not just that has been lost your investment, many of us have this experience. but one thing that I can suggest is to try to hold your coins until the price can increase higher soon so you can make your profit again.

[Vova050898]

I think that altcoins are fully dependent on bitcoin because they are based on it and the fees are carried out on it)))

[fernandoclause]

Bitcoin May affect the price of other cryptocurrencies because the asset uses bitcoin as the main currency, and with that when bitcoin prices go up, investors automatically sell cryptocurrency to buy bitcoins and make other cryptocurrency prices down.
but if investors remain compact and do not sell cryptocurrency, the price of cryptocurrency automatically rises with bitcoin

[A Feeder]

Since bitcoin was popular and many people know and use that other crypto was doing step to most enhance their crypto and they compete each other and everytime bitcoin price increase most of all altcoin will decrease because most of all altcoin price following, when the bitcoin price come back into the normal price or going down, the altcoin price will go up again.

[*kimcil*]

However, Altcoin always follows Bitcoin, and that is the important thing that is in mind. knowing that you can get out of your altcoin investment and then invest again after the bottom is reached in the altcoin.

[rindayle]

Bitcoin in my opinion strongly influenced at the initial stage of the cryptocurrency market. Now we notice that there are promising young coins, which go up in the fall of bitcoin. Investors have stopped investing a lot in bitcoin. therefore, the dependence on it goes away.

[Yantoaja]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?

Many think that way, but the fact is that this kind of correlation is not always the case. There are times when bitcoin prices rise and some altcoins actually decline.
Generally, the main currency in the crypto market is Bitcoin. Although fiat, Ethereum, and Tether currencies are also often used, Bitcoin is still the main currency. In other words, Altcoins tend to be used to fund Bitcoin running, and Bitcoin tends to fund Alt operations. With this relationship, the movement of Bitcoin prices tends to have an effect on the price of Altcoins.
In conclusion, Bitcoin is the economic center of all crypto currency markets. Because the BTC trading partner is on every exchange, the influence of Bitcoin on Altcoins will always be there. So, the correlation is only centered when people start taking profits or cutting losses in Bitcoin, by choosing Altcoins or Fiat (USD, EUR, GBP, etc.) when certain conditions, and vice versa.

[sabihanazir]

Yes it is happened because bitcoin may affect the price of other cryptocurrencies because the asset uses bitcoin as the main currency. So altcoin always follows bitcoin.When the bitcoin price is low the altcoin price is low and than when the bitcoin price high, the altcoin ptice is also high.

[jzale]

I think that altcoins are fully dependent on bitcoin because they are based on it and the fees are carried out on it)))

It is not wrong to think that Bitcoin's price increase can also carry out the price increase in altcoins, but you have to consider too some of the instances that triggers the increase of altcoin's prices. The law of supply and demand still can affect each individual altcoin's prices. Also there are factors like good development in the project, more exposure and adaptation of the coin, new features of the coin and etc. When Bitcoin's price increase and all of the altcoins increase then it is an indication of a bullish market which is a healthy situation. There are times when Bitcoin's price is constant but the altcoins are moving up. Sometimes Bitcoin's price goes up but would left the altcoins hanging down. 

[faithofb]

It will affect bcos most people invested in other crypto bcos they know bitcoin first and they knew that whenever other crypto is affect they equally back to bitcoin. So when bitcoin is down they quickly withdraw back to bitcoin for them to ba able to recover their fund. As such it will be killing others.

[Jannatul Shefa]

Bitcoin is always a great coin from the beginning. And the other coins follow the bitcoin. So always there's a affect on altcoin because of bitcoin's price. Bitcoin's price up and down affects on altcoin's price.

[Abigail Asi]

I strongly believe that bitcoin influences the market prices in such a way that when  bitcoin price increases,  the market prices increases. When it decreases,  the market prices also decrease.

[DisWhale]

Most coins are paired on exchange sites to Bitcoin and as such, in any event when Bitcoin is down, the pairing affect the price of coins paired to it at that moment unless the buyers and sellers on the exchanges correct their buy and sell orders to suit the required dollar price.