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Author Topic: How does Bitcoin affect other Crypto?  (Read 3836 times)
Abigail Asi
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August 08, 2018, 05:27:40 PM
 #121

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.
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August 08, 2018, 05:34:26 PM
 #122

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.

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August 08, 2018, 05:40:23 PM
 #123

From all I have observed that bitcoin is the driving of all the alternative coins. If the price of bitcoin raises in the coinmarketcap it will directly affect the price of all other coins.
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August 08, 2018, 06:32:51 PM
 #124

The manner in which I see it is that all through harvest time, bitcoin cost won't rise too quick since it has effectively set new records, and it will require some an opportunity to settle. What's more, likely that is the ideal opportunity for some altcoins to go higher.
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August 11, 2018, 04:25:36 AM
Last edit: September 10, 2018, 08:37:41 AM by jiryuksan
 #125

At present prices of bitcoin are too high compared to other altcoin coin. So when it goes down, it almost pulls the whole market down with it.
The price of Bitcoin remains the driving force of the cryto currency, rising and falling will affect other altcoins. So when a trader will trade, the most important thing is to pay attention and analyze the price of bitcoin, especially negative issues / positive issues or sentiments that can affect crypto prices as a whole.

Bitcoin effects will always affect other altcoins. Traders know about this so they cannot leave the analysis of bitcoin in altcoin trading.
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August 11, 2018, 04:49:05 AM
 #126

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?
in my opinion, from what I know, if bitcoin has decreased or increased all crypto currencies, it has also undergone a change, maybe it can also be said bitcoin can affect the development of other crypto currencies
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August 11, 2018, 04:55:40 AM
 #127

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?


Yes, bitcoin price influenced the price or value of other cryptocurrencies. When bitcoin price changes the rest of the altcoins will definitely follow whichever direction. Seems all cryptocurrencies was driven by bitcoin price as per observation of the market value. So, bitcoin has a very big effect to all alternative coins.
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August 11, 2018, 04:58:33 AM
 #128

Bitcoin is the leading cryptocurrency and a standard-bearer, so the general market will tend to follow its movements. Perhaps in the future when the market matures altcoins will move independently of bitcoin, but for the time being bitcoin is king as the most recognizable cryptocurrency.
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August 11, 2018, 05:06:22 AM
 #129

Yes, it can affect other cryptos because all of them are belong to the same currency I mean all of them are crypto currency So, if one fall down its impact automatically fall on others.
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August 11, 2018, 05:21:27 AM
 #130

Actually i also want to ask that to everyone that is in to trading. Because everytime bitcoin is going down, there is a red sea on my altcoins and it is really devastating. Although i don't know if bitcoin really affects bigtime to other crypto because when it rises, other coins are still down. Altcoins will still depend on their trading markets and i think that if other traders see that bitcoin is going down, they also sell altcoins that's why everything is down.

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August 11, 2018, 05:23:19 AM
 #131

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?
i dont know but i think its not all about btc because its all about whales in market and if whales invest a lot of money in bitcoin we will see the dump of altcoins but i dont know why altcoins or crypto is still dumping sure that because of manipulation.
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August 11, 2018, 05:32:00 AM
 #132

Bitcoin as a cryptocurrency is a mother of all coins while because all other coins are traded against it and the current value of dollar also affects the price. Most coin are paired with bitcoin on exchange sites, the price of bitcoin often affects other cryptocurrency on the market index. Bitcoin is the leading and forerunner of other cryptocurrency.

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August 11, 2018, 05:35:09 AM
 #133

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?
it can because bitcoin is major of all cryptocurrency. and it can affect on altcoin price. but ( my personal opinion ) when bitcoin price and altcoin drop, it almost have same value in fiat. because even we sell in bitcoin that have down price, bitcoin itself increased it is rate

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August 11, 2018, 05:35:40 AM
 #134

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. 
Bitcoin can do both good and bad things to other crypto. Actually if the people use bitcoin frequently and more often then they might lose their interest towards other system and it that case bitcoin can do bad things to other crypto. Well on the other hand bitcoin can uplift other crypto when other people found other system to be functional as bitcoin is.


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August 11, 2018, 05:38:16 AM
 #135

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. 
Basically bitcoin can affect other crypto in several ways and I will tell you the two most common. Actually bitcoin can be a competitor to other system and that's bad for them so bitcoin can take over of hem if people choose to love bitcoin. The other thing which is good is that bitcoin can uplift other crypto and carry them when th price is at high level.


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August 11, 2018, 12:40:27 PM
 #136

Bitcoin has already got many contacts all over the world. Now bitcoin is being used in almost all countries. Now the world is internet based, and working on bitcoin is not a difficult task. Because it's a bit easier, the number of users in bitcoin is increasing day by day. And Bitcoin is a big cryptocurrency, it is also above other cryptocurrency gulls, so other currencies depend on bitcoin's price. Depending on the rise of the price bitcoin.
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August 11, 2018, 12:46:18 PM
 #137

Bitcoin is the universal digital currency that is acceptable for the exchange of goods and services, thus giving it a very good edge in economy. On the launch of different cryptocurrencies, they were and are till tied to Bitcoin, thereby giving Bitcoin supremacy. Therefore Bitcoin controls the market as a whole.

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August 15, 2018, 08:07:53 AM
 #138

the growth of altcoin begins when bitcoin is slightly adjusted. but as soon as a pattern or learn a lot of people, it stops working. so use patterns with caution
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August 15, 2018, 08:13:42 AM
 #139

mainly in mentally disappointing Smiley it was very low and you could make a lot of money. Now nothing from that Cheesy
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August 15, 2018, 08:43:03 AM
 #140

Bitcoin affect the whole market because the person who invest in crypto they made portfolio before investment and they have a number of coins to invest in it and crypto started with bitcoin so the market is interconnected .
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