How does Bitcoin affect other Crypto?

[justsimpleram]

In my own opinion many altcoins is depending on bitcoin because as you can see when bitcoin price goes down many altcoins price is going down too and when bitcoin pump up many altcoins goes up too. This is just my opinion because I just seeing it and experiencing it now, many of my holdings goes down as well when the bitcoin price goes down so I'm gonna wait to the bull run and I will just hold it for now.

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[samuraijin]

Of course it goes back to each of us how they can withstand the issue that makes most people panic and finally make a lot of the price on the market falls irregularly, which I know is that there are many people so that many people throw away their Crypto, so that their income is visible safe from the results of their investment ...

[Rafiqul]

In my opinion, Bitcoin controls the whole crypto world. It influences the market price. When bitcoin price rises, the market price rises. When it price fall, the market price fall. Indeed the whole crypto world depends on  bitcoin.

[ynclksnr321]

In fact, rather than the impact of btc, other coins due to the decrease or increase of investments in the btc are affected too much. I don't think there's a way to go through this now.

[NEERAJ ANAND]

The bitcoin has a huge effect on the whole market as every coin follow bitcoin trend and whichever direction it moves, mostly all coins start moving in that direction, whether it is a possible or negative trend.

[bitcoins94]

I don't think bitcoin is affecting AML BitCoin. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.

[MarkCook777]

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?

judging by the market trade, when Bitcoin falls, the rest of the cryptocurrency falls in value

[Caxton10]

That is the general belief but I've seen coins which goes up whilst bitcoin is going down. What I'm not certain about is if these rising price of these coins is as a result of pumping.

[Anyobsss]

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 Dominates Market so, prices of other coins depends on it and if it's in down trend the other coins will follow and vice versa.

[Deshauna]

The flow of demand of bitcoin would greatly affect the price of other cryptocurrencies sinc the basis of the prices mostly depends not just on the demand and people using the cryptocurrency but also the base of all the cryptocurrencies would be the real bitcoin which is in todays prices are really high

[malah]

the price of bitcoin affects the price of altcoins because when the price of bitcoin rises, many sell altcoins and buy bitcoin so that the price of bitcoin will continue to rise while the price of altcoins will decrease, but not all altcoins are affected by the price of bitcoin, so I think that depends on investors and the development of the coin

[alternatyomega]

So far, Bitcoin has been a source of inspiration for the creation of many  Altcoin other, and it always kept the crown on the Coinmarketcap chart.

[Dominic_Johnson]

Looking past the price, my experience is that people who aren't familiar with the area assume that they are one and the same and that other cryptos do actually exist. Bitcoin affects the way people perceive other cryptos too, once they know they are different things

[trauchot]

Everything is simple, most cryptocurrencies can not get anywhere without bitcoin, it can be clearly seen by the cryptocurrency market itself, when cryptocurrency falls or grows, also half of the new alts use bitcoin technology, so without a bitcoin, cryptocurrency world it would be difficult to exist at the moment.

[Dadaro]

most of the cryptocurrencies are directly proportional to the price of bitcoin. when I trade new altcoin one of the first things I looked up on is the previous price if it has a directly proportional to bitcoin price.

[Joshua101101]

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?

Now as I see it, many hid under this date and took a wait-and-see position. On the one hand, and now the price is acceptable for the purchase, so that may have a positive impact on your balance sheet.

[jerrison]

in a direct or indirect relationship, bitcoin happens the be the final trading pair of all other cryptocurrencies and that is the great part where it has its grips on the crypto space, because if other crypto has to trade the bitcoin pair then what ever happens to the bitcoin price is also reflected in the alternative crypto currency.

[criket]

very simple I think, bitcoin is the only crypto that has very expensive value, and has a large market community. all can imagine, if all those who hold bitcoin sell their bitcoin together in the market, surely what happens is a dump, and that can all have an impact on other crypto because bitcoin has the power to move the market. some crypto also rely on bitcoin as its exchange rate, if bitcoin goes down, surely other crypto will go down, and vice versa.

[Tangow3]

bitcoin dominates in various exchanges, almost every exchange has bitcoin. besides, bitcoin is still used as one of the good coins for exchange so I think bitcoin will continue to influence other crypto for exchange transaction media

[adpinbr]

when the bitcoin value is low usually people who invest in altcoins takes advantage of this to promote their own alternative coins and attract more users to use their altcoin.