How does Bitcoin affect other Crypto?

[TonyMark]

yes, the cost of Bitcoin does straightforwardly influence the cost of altcoins, and there is normally no count to maintain a strategic distance from this, as the cost of altcoins on trades is generally given as costs in Bitcoin. At that point to change over to USD, the current Bitcoin/USD rate is utilized. Remember that you can simply utilize the bitcoin/altcoin conversion standard rather than the computed USD/altcoin rate since that isn't influenced by the Bitcoin/USD rate.

[Hamstead]

Bitcoin can really affect in other cryptocurrencies if you are in trading because you are converting it into bitcoin so when the price of  bitcoin will increased, the price of altcoin will surely decreased.

It varies always in the demand and price from the market. Since bitcoin is on top of all cryptocurrencies therefore the other currrencies are in next line. Large number of investors are trading with bitcoin than on altcoins because of its high price and they assure that a big profit will their returns especially if bitcoin still pumping.

[Doamader]

Thats easy to understand one thing altcoins are all traded against bitcoin, soo any moove over bitcoin value will push up/down altcoins, some of them are able to follow bitcoin for a while since are based into it, but in the general the trend is to go at opost direction then bitcoin. Bitcoin where and still being the most power crypto and the first, altcoins camed after bitcoin trying to get similiar results and improve some issues that bitcoin could had, nowadays we do see a lot ico wich will be focus into some area, because bitcoin has been present at all, but isnt focus into nothing else besides provide a strong and safe way to moove money.

[bitcoinmaniac52]

Other cryptos follow in the wake of Bitcoin. If Bitcoin goes up, the major altcoins go up. When Bitcoin goes down, so do the major alts.

[crypteris]

The way I see it is that throughout autumn, bitcoin price won’t be rising too fast because it has already set new records, and it will need some time to settle. And probably that’s the time for some altcoins to go higher.

[Answerme2]

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 it does affect the price of altcoins.It's trading.if you trade btc/eth then if bitcoin rises then eth falls bitcoin acts like father of altcoins.If bitcoin falls most of the other popular alts fall as well.

[bitllionaire]

The way I see it is that throughout autumn, bitcoin price won’t be rising too fast because it has already set new records, and it will need some time to settle. And probably that’s the time for some altcoins to go higher.

Yes the cost of bitcoin is going high and high slows and steady and one day it will cover all the crypto in the whole world. This will happen just because the use of bitcoin is very easy and comfortable, throughout the whole world and through the internet. And it will also be acceptable throughout the world, for its easiest way of keeping and using. That’s why it will affect the other crypto.

[aizen10]

The way I see it is that throughout autumn, bitcoin price won’t be rising too fast because it has already set new records, and it will need some time to settle. And probably that’s the time for some altcoins to go higher.

Yes the cost of bitcoin is going high and high slows and steady and one day it will cover all the crypto in the whole world. This will happen just because the use of bitcoin is very easy and comfortable, throughout the whole world and through the internet. And it will also be acceptable throughout the world, for its easiest way of keeping and using. That’s why it will affect the other crypto.

"one day" you told?  lol .bitcoin already cover all the crypto in the whole word. in a few years it cost a thousands of dollar , from that very fast evolution no one crypto in whole world can get near this bitcoin. so it totally affects the whole alt-coin in the market, like a whale when it moves all the fish around him are rapidly moving from one place to another.

[Tron Foundation]

I would imagine that because it is the biggest and most prominent cryptocurrency, that it can influence others based on its own movements. I would also think that it can be a commonly used crypto to buy other altcoins - such as buying something like ripple for bitcoin, for example. So it can influence based on movements, but would be involved in lots of other transactions.

There is likely other attributes, but I would think the above would hold some weight.

[ivrynx]

well first of all, bitcoin already affected all crptocurrencies, even before their ICO, without bitcoin, people would probable no give a chance to cryptocurrency, since bitcoin's effect was good and most bitcoiners are benefiting from bitcoins, those same persons will also go and try other cryptocurrency or altcoins. it is like saying that if you don't understand what bitcoin is and how it is produced, how it gained its value, you will neve understand other alternative cryptocurrency. and that's the first, the acceptance of people regarding cryptocurrency. then the price of other altcoins, right now, we are using bitcoins as the basis for the amount of altcoins since bitcoin can be converted t fiat, and most exchanges will accept bitcoin as payment, that's the second, the price of altcoin will depend on how many bitcoins it is. then lastly i think bitcoin affect other cryptocurrency, when bitcoin goes up or down, since bitcoin is volatile it can affect the price or the volume of trade when it comes to exchanges, your altcoin can be valued at .05 btc at a time or sometime .5 btc, and you can clearly see how much volume is being traded. i think, the first reason simply says it all, if bitcoin hasn't been accepted by masses as digital currency, other altcoins will have difficulty in being accepted.

[olubams]

Bitcoin is the mother of all cryto-currencies which it's influence will continue to dominate because its a trailblazer and because its acts as the dollar in the international trade business. All exchanges uses bitcoin as the subject of conversion by other alt where their real value is determined on their relative value to bitcoin, so there is nothing that can be done against that.

[wearepoor]

Since Bitcoin prices are going up continuously so many traders will pull out their money from other cryptos and start investing in bitcoins that's why we will see altcoin prices will be down when Bitcoin is pumping. But after Bitcoin prices stabilize then we can see the altcoins moving up. But some of the good altcoins like IOTA is still doing good. It was around 0.2 USD couple of weeks back and now price is almost $1. Just need to choose the good altcoin to invest.

Agreed with you, bitcoin does affect the value of alt coins.  When people saw the huge opportunity for making the profit then they just gave up their altcoins and moved towards the bitcoins. But at the same time there is a good opportunity to invest into the selected altcoin who possess good future.

[Altero]

Since Bitcoin prices are going up continuously so many traders will pull out their money from other cryptos and start investing in bitcoins that's why we will see altcoin prices will be down when Bitcoin is pumping. But after Bitcoin prices stabilize then we can see the altcoins moving up. But some of the good altcoins like IOTA is still doing good. It was around 0.2 USD couple of weeks back and now price is almost $1. Just need to choose the good altcoin to invest.

Agreed with you, bitcoin does affect the value of alt coins.  When people saw the huge opportunity for making the profit then they just gave up their altcoins and moved towards the bitcoins. But at the same time there is a good opportunity to invest into the selected altcoin who possess good future.

Is just like a competition, Bitcoin compete other cryptocurrencies and because most investors in favored to bitcoin for investment that's why it is on the top now. We know that bitcoin price nowadays could have a huge affect to the altcoins and make them down.But some of investors still stand and believe on altcoins because there is a possibility that it's price will rise again together with bitcoin.

[FiiNALiZE]

The way I see it is that throughout autumn, bitcoin price won’t be rising too fast because it has already set new records, and it will need some time to settle. And probably that’s the time for some altcoins to go higher.

It doesn't matter what time it is in the day or what day it is, if I look at the charts for certain Altcoins I can see that Bitcoin might've pushed them up or down depending on what happened to Bitcoin.
Everything that is shown on the charts is pretty random, even though there is a bunch of people trying to make their own lines in the trading charts, there is more people trying to make money by guessing what the price of a coin will be compared to the people that are making the price of a coin in the charts.

[ReLieD]

Of course yes . Forget about currency consider any 2 companies working for the same thing . Like for example mobile phones. Samsung and Apple always have competition between them. Similarly crypto currencies also have competitors between each other

[Seansky]

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?

Bitcoin price and altcoin price most of the time is related with each other and therefore it affects price of other cryptocurrencies as well but not all the time. When bitcoin price is high, mostly other crypto goes down in terms of price in btc and dumps but this does not happen all the time. Dont think if your investment OP as lost, consider it as an effect of btc high price because people tends to convert to bitcoin when price is this high and then some convert to fiat.

[jimn]

Bitcoin is supporting the other crypto currencies, because when its price increase, usually the crypto prices increase as well, and more people get involved with them, all the altcoins depend on the Bitcoin's success in fact

[pixie85]

Bitcoin is supporting the other crypto currencies, because when its price increase, usually the crypto prices increase as well, and more people get involved with them, all the altcoins depend on the Bitcoin's success in fact

It's sometimes the opposite. When Bitcoin's price increases people sell all their altcoins to join the pump and profit from it. Some coins like Litecoin tend to go up with Bitcoin and some other like BCC that we could say stands on the other side of the barricade goes down when Bitcoin rallies.

[bitgolden]

The way I see it is that throughout autumn, bitcoin price won’t be rising too fast because it has already set new records, and it will need some time to settle. And probably that’s the time for some altcoins to go higher.

Yes the cost of bitcoin is going high and high slows and steady and one day it will cover all the crypto in the whole world. This will happen just because the use of bitcoin is very easy and comfortable, throughout the whole world and through the internet. And it will also be acceptable throughout the world, for its easiest way of keeping and using. That’s why it will affect the other crypto.

"one day" you told?  lol .bitcoin already cover all the crypto in the whole word. in a few years it cost a thousands of dollar , from that very fast evolution no one crypto in whole world can get near this bitcoin. so it totally affects the whole alt-coin in the market, like a whale when it moves all the fish around him are rapidly moving from one place to another.

Exactly, I also agree with that the price of bitcoin is going up very rapidly, and I think if bitcoin remain the number one crypto digital currency all over the world. the price of one bitcoin must be in the purchasing range of an ordinary person, as now in September 2017, I myself am not in a position to buy even a single bitcoin because of the higher price. Low price and huge investment will affect other crypto.

[Solve.Care]

It works the same way traditional currencies work. If the price of Bitcoin changes - so are the altcurrencies. If BTC goes up, so are other cryptos.