How does Bitcoin affect other Crypto?

[OSEIBOATENG]

BTC really affect other cryptos in such a way that since it was the first coin that was created it has been paired with it so when BTC price goes down those coins too decrease in price on exchange market.

[tenakha]

I think from the level of valuation and market capitalization, when people see the price of Bitcoin is high, then they will think that other crypto coins will follow, so they buy Altcoin in the hope that the price will be the same as Bitcoin, this is in my opinion...

We can see this opinion as a reason. But the main reason is that most of the coins in the market can't be exchanged directly to USD. Accordingly most altcoins have a Bitcoin calculated price. So first you should buy Bitcoin to getting any token. Thus, the change in the Bitcoin's price causes price changes of altcoins. 

[Zainal-baguz]

bitcoin greatly affects the price of other cryiptocurrency bro. because if I notice every bitcoin price rises, surely the price of other cryiptocurrency will definitely rise high. along with the rising price of bitcoin

[cryptoblazter]

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?

Well my answer is Yes! Bitcoin affect other crypto especially when it goes up its price value most altcoins affects by it. though few of the altcoins maintain its value. Maybe because when USD$ value increase bitcoin also increase then, which means as I observed by it bitcoin is dependent of USD value, But I am not sure for this matter, this is was just my observation. While most of the altcoins also dependent on the bitcoin price but they are opposite to their movements.

[kvipcn]

Most Altcoins are pair to Bitcoin on most exchange platforms. With such pair, an increase or decrease of the price of bitcoin will definitely affect that of the altcoin. Bitcoin is like a standard digital currency to compare altcoins to. A fall in the market price of the standard currency affects all the currencies compared to the standard.

[Minhxx]

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?

When the capital is invested in Bitcoin, there are following cases
1. Bitcoin fell and altcoin fell, investors sold for USD
2. Investors selling bitcoin to buy altcoin make the altcoin add value
3. Altcoin diminishes and pouring into bitcoin will increase its value

Either way, bitcoins are easily manipulated by people who handle large amounts of bitcoin

[sino22]

I think of course this is very influential because bitcoin is the parent of all altcoins, this is just what I think that the price of bitcoin affects the price of altcoins

[warning_btc]

Most of new moneys come to the crypto wordl trough bitcoin.
Most of alts trades in pair only for bitcoin.

[randegibran]

in my opinion it depends, but most prices go up based on bitcoin, of course there is a connection because all crypto eyes basically follow bitcoin because the mother of all crypto

[cpoer2011]

Bitcoin always and will be affect other cryptocurrency or Altcoins because Bitcoin is the first cryptocurrency and now being the most popular or the no 1 cryptocurrency. Most of the cryptocurrency pair with bitcoin.

[Wonderced]

maybe many people who scam to other people to purpose affect other crypto many of some that people do anything to affect the people, for that bitcoin as affected other crypto

[thankyoulord]

bitcoin to me, to a lay man, to majority of the masses is the face of cryptocurrencies. You what happens to branding, where a company's product name takes the face of its category. For instance, people hardly go to stores to ask for 'tooth pastes', rather they say, please can you give me 'close up', close up, because of its marketing strength and strategy, has dominated the category of which it exists on, so this is exactly the same for bitcoin and other cryptocurrencies. And somehow, bitcoins positive or negative impact on the economy affects other coins. If Bitcoin is crashing, somehow, investors match its strength to other coins. You hear people saying, 'umm, if Bitcoin is doing this badly, then this other coin probably might have issues too'. So positively or negatively, I feel this is one of the ways Bitcoin affects other coins.

[hsyncl]

Bitcoin affects almost all altcoins directly. It can even completely submerge even under small increases or decreases. Therefore, I recommend that you keep a part of your spare part instead of the whole of your btc.

[ethereumhunter]

Until now, bitcoin still giving effect to another crypto especially if bitcoin increase or decrease, the other crypto will move in the same direction. But sometimes, there is a coin that does not receive the effect of bitcoin and still stays or increases and decreases in anytime. But again, the existing of bitcoin will give the impact to the other coin. We can see the example of this in the last year when bitcoin increase higher, but before bitcoin increase, the altcoin is already increased and push the price to the highest price ever but suddenly, bitcoin price is down too deep, and it makes the altcoin come back to the lowest price again and stay in that price until now.

[erifubirugen]

I strongly believe that the bitcoin affect in very good way to other cryptocurrencies. The bitcoin is the first and the most strong coin ever. It is the father of all coins. Think about if bitcoin were bubble and it did fade away, that time all the crypto money and the markets would fade too. So the bitcoin is the everything in cryptocurrency business..

[stiffbud]

To me am pretty surprised of what happened when the market value of Bitcoin increases from  $3000 to $4,000 or above, other altcoin were seriously goning down which means the movement of Bitcoin has both positive or negative impact on the altcoin.

Yes this right bitcoin has both positive and negative feedback affect on altcoins progress and profit. Bitcoin is the heavily used digital decentralised currency. After seeing the benefits of cryptocurrency like bitcoin many people believe on altcoins and start using altcoins like cryptocurrency for their various uses. So this are the positive vibes of bitcoin upon altcoins. Bitcoin market price is higher then that of any altcoin and because of this many like to invest in bitcoin than that of altcoins. Bitcoin is also accepted in many big companies this thing increase bitcoin popularity so this thing negative affect on altcoins user number.

[Peashooter]

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.

It will follows on what happens on bitcoin.  Bitcoin is the king of the cryptocurrency that's why the others coins follows the flow on Bitcoin value in the market.

[Jian_Liux]

Bitcoin is the first crypto in crypto currency, and became the king of crypto. The highest bitcoin prices are among the other crypto, and every existing crypto always moves in price following the bitcoin price movement. The power of bitcoin is very large and people's trust in bitcoin is very high, so bitcoin can affect other crypto.

[Legendari]

bitcoin is the king of all coins and many other coins that have prices based on bitcoin so that bitcoin has a big influence on other crypto, when the price of bitcoin falls, almost all crypto also have a low price

I think you're right, but that rule doesn't apply to all coins. Strong coins like monero, dash, Ethereum, ltc do not depend on bitcoin.

[Argoo]

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?

Of course, the price of bitcoin directly affects the price of all altcoins. Bitcoin is growing, and altcoins are growing in price. Bitcoin drops in price, and altcoins fall accordingly. This is explained by the fact that Bitcoin has a very high level of capitalization and it allows Bitcoin to exercise price dominance over other types of cryptocurrency.