BTC effect on altcoins

[Capeshifter]

BTC is working at the moment as the "standard" in the crypto world. What this means, is that since Bitcoin has the highest adoption (most people are using it) and the highest market capilization (highest value out of all currencies) that is moves and effects the outcome of other crypto's, because if let's assume, Bitcoin doesn't "work" tomorrow - people will all of the sudden lose trust not only on BTC, but on the blockchain technology itself, and that affects all altcoins (which use the same technology). It's like the S&P 500 (and index that tracks the performance of all five hundred highest market cap companies in the US), if the S&P goes down, it's likely that most of these companies will be down as well, and vice versa.

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[daKotajayl@12]

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

bit coins and alt coins has great demand in the market. so once you have to try to buy first bit coins, next its price going to increase. it may continue few months or years next slowly it can come down in that time you have to sell and buy alt coins it is very gppd and better idea for earning profit always. so you have to manage carefully in this process you have to do trading you get good results.

[chineseprancing]

As per observation, When btc rises alt-coin such as eth also soars up, as well when it goes down, There's a correlation in btc vs all other forms of alt coin, and if you en cash alt coins, every token shall convert first to btc before it goes to final destination. This is the reason alt-coin needs BTC. Alt-coin rely mostly on the path of BTC.

Bitcoin value was largely affect the altcoins industry, I agree to sir ongels when bitcoin value raising up automatically some altcoins were raising up too. However it was not happen all the time, because sometimes when bitcoin price was increase the other altcoins were falling. It was happen due to some alternative coins are not aligned to the prices of bitcoin, so other coins are based in dollar.

[ultrloa]

As per observation, When btc rises alt-coin such as eth also soars up, as well when it goes down, There's a correlation in btc vs all other forms of alt coin, and if you en cash alt coins, every token shall convert first to btc before it goes to final destination. This is the reason alt-coin needs BTC. Alt-coin rely mostly on the path of BTC.

Bitcoin value was largely affect the altcoins industry, I agree to sir ongels when bitcoin value raising up automatically some altcoins were raising up too. However it was not happen all the time, because sometimes when bitcoin price was increase the other altcoins were falling. It was happen due to some alternative coins are not aligned to the prices of bitcoin, so other coins are based in dollar.

You can find that the BTC price really affect of the alts since you can see that if btc price will pump up the price value of the alts will pump also and if the btc goes down same result will be occur on the alts also so if there's something bad happen to the top 1 coin then we will suffer for a huge lose of profits if this one will came. But as for now that we can see it pumping then we can expect that we can earn huge with its stretching $ value.

[Freshmen]

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

Well Bitcoin,as most recognized cryptocurrency,serves as a magnet for money flow into the market.
People are looking for next big opportunity,for next 'under the radar' coin which will make them lots of profits.
People generally,only when they hear about bitcoin pump,get interested in other cryptos,hence more investing and the price rise.

The metaphor of magnet used for bitcoin greatly explains the nature and importance of bitcoin in the crypto market. I am pretty sure that people always come to know about other digital currencies with reference to bitcoin.

Bitcoin is the leader of the crypto currencies so that’s why they follow the footsteps of bitcoin to increase in value. Altcoins are dependent on bitcoin for their market importance.

[Caladonian]

As per observation, When btc rises alt-coin such as eth also soars up, as well when it goes down, There's a correlation in btc vs all other forms of alt coin, and if you en cash alt coins, every token shall convert first to btc before it goes to final destination. This is the reason alt-coin needs BTC. Alt-coin rely mostly on the path of BTC.

Bitcoin value was largely affect the altcoins industry, I agree to sir ongels when bitcoin value raising up automatically some altcoins were raising up too. However it was not happen all the time, because sometimes when bitcoin price was increase the other altcoins were falling. It was happen due to some alternative coins are not aligned to the prices of bitcoin, so other coins are based in dollar.

You can find that the BTC price really affect of the alts since you can see that if btc price will pump up the price value of the alts will pump also and if the btc goes down same result will be occur on the alts also so if there's something bad happen to the top 1 coin then we will suffer for a huge lose of profits if this one will came. But as for now that we can see it pumping then we can expect that we can earn huge with its stretching $ value.

its the main basis of crypto industry so if the value jumped high even we seen some red colors with our alts the value still acceptable and manageable
as we knew that after its settle from a new ath alts will follow to stand up too, its really a matter of quality project which will be supported by investors
and influence from the btc affects alts from both end.

[DAVETUN]

Bitcoin and altcoin are interelated interms of  trading and  buying  into ICO,as Bitcoin has impact on the price of Altcoin so is Altcoin on Bitcoin,whales in the cloud has lots of impact on price variation.

[smailler]

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

I've played bitcoin for a long time. But according to my observation in recent times. Increased bitcoin prices will reduce prices  altcoin.

[w5pn73]

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

I've played bitcoin for a long time. But according to my observation in recent times. Increased bitcoin prices will reduce prices  altcoin.

Until everything balances out again.
Big price rises do affect altcoin prices, but somehow it always seems to flow back into the alts sooner or later.

[johnwest]

BTC is the base value for all the altcoins in the crypto market so it will affect the prices of all the altcoins when bitcoin starts fluctuating. I hope it will stabilize soon and we will be able to start trading normally.

[rickadone]

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

Well Bitcoin,as most recognized cryptocurrency,serves as a magnet for money flow into the market.
People are looking for next big opportunity,for next 'under the radar' coin which will make them lots of profits.
People generally,only when they hear about bitcoin pump,get interested in other cryptos,hence more investing and the price rise.

The metaphor of magnet used for bitcoin greatly explains the nature and importance of bitcoin in the crypto market. I am pretty sure that people always come to know about other digital currencies with reference to bitcoin.

Bitcoin is the leader of the crypto currencies so that’s why they follow the footsteps of bitcoin to increase in value. Altcoins are dependent on bitcoin for their market importance.

It is very glaring how dependent they are and how they are just tagging along trying to find a means to survive.

Any huge impact on bitcoin affects them a lot and we always see a downtrend. However, it is normal to see consistent pumps for altcoins once the value of bitcoin is stable within a range, but if it is going down, it drags altcoins with it and most times when going up hugely, it still finds a way to drag altcoins with it.

[katrimans]

I think Bitcoin and Altcoin is interconnected indirectly. Price chart and the top altcoin have almost the same graph, but they can alos different sometimes

Price of altcoin is relaying on the bitcoin price charts as bitcoin goes down prices of altcoin rises and as bitcoin is crypto trademark and simply king of crypto whereas altcoin are not so regulated as well as people are unknown to altcoins and in future as bitcoin will rise more then there will be chance in rise of altcoin price because everyone cannot afford such a valuable coin.

[fasdorcas]

Bitcoin and altcoin are interelated interms of  trading and  buying  into ICO,as Bitcoin has impact on the price of Altcoin so is Altcoin on Bitcoin,whales in the cloud has lots of impact on price variation.

Whales have always had an impact in the market even right from the onset. It is a normal thing since they have the huge funds to control the market movement and let the lower traders make decisions on that. You might be surprised the number of stop loss the whale will gain from, while controlling the market.

Whales are always in for the profit and they can go any length to make that happen.

[supercanada1]

Bitcoin and altcoin are interelated interms of  trading and  buying  into ICO,as Bitcoin has impact on the price of Altcoin so is Altcoin on Bitcoin,whales in the cloud has lots of impact on price variation.

Whales have always had an impact in the market even right from the onset. It is a normal thing since they have the huge funds to control the market movement and let the lower traders make decisions on that. You might be surprised the number of stop loss the whale will gain from, while controlling the market.

Whales are always in for the profit and they can go any length to make that happen.

It is true the bitcoin is the currency that is having the large and the serious effect on the value for the bitcoin and the income of the bitcoin is increasing more and more, hold the bitcoin and hold the other currency as well then you will be able to see the difference at the same time you will say it is true the value of the bitcoin is higher than the altcoins, because the investors of the bitcoin are more than the altcoins.

[PacePay]

,most of the times its quiet obvious that when bitcoin rises the alternate coins racing to drop like its a blood bath all over the market, but there's no need to anic anyway it will be back soon and they will follow up.

There is a reciprocal algorithm implemented in this case. You are not going to take anything with you when you are taking bitcoins. Altcoins are dropping whenever bitcoins are rising. Same in the case of opposite scenario. So you said it right, bitcoin will go higher and then you will be seeing the altcoins will follow bitcoins.

[Granxis]

Bitcoin and altcoin are interelated interms of  trading and  buying  into ICO,as Bitcoin has impact on the price of Altcoin so is Altcoin on Bitcoin,whales in the cloud has lots of impact on price variation.

Whales have always had an impact in the market even right from the onset. It is a normal thing since they have the huge funds to control the market movement and let the lower traders make decisions on that. You might be surprised the number of stop loss the whale will gain from, while controlling the market.

Whales are always in for the profit and they can go any length to make that happen.

I saw the effect of whales on many Altcoin's prices. What the whales do is not really nice. They are definitely trying to sink small ships into waves. Losses are small budget users.

[HalfDeck]

As per observation, When btc rises alt-coin such as eth also soars up, as well when it goes down, There's a correlation in btc vs all other forms of alt coin, and if you en cash alt coins, every token shall convert first to btc before it goes to final destination. This is the reason alt-coin needs BTC. Alt-coin rely mostly on the path of BTC.

Bitcoin value was largely affect the altcoins industry, I agree to sir ongels when bitcoin value raising up automatically some altcoins were raising up too. However it was not happen all the time, because sometimes when bitcoin price was increase the other altcoins were falling. It was happen due to some alternative coins are not aligned to the prices of bitcoin, so other coins are based in dollar.

You can find that the BTC price really affect of the alts since you can see that if btc price will pump up the price value of the alts will pump also and if the btc goes down same result will be occur on the alts also so if there's something bad happen to the top 1 coin then we will suffer for a huge lose of profits if this one will came. But as for now that we can see it pumping then we can expect that we can earn huge with its stretching $ value.

Maybe you are mistaken. I do not remember the price of Bitcoin are rising, the price of altcoins are also rising as Bitcoin. At the moment, you can check the price of Ethereum or other altcoins, there is no altcoin can increases its value while Bitcoin price are increasing fastly to $6,000.

[x86Daddy]

As per observation, When btc rises alt-coin such as eth also soars up, as well when it goes down, There's a correlation in btc vs all other forms of alt coin, and if you en cash alt coins, every token shall convert first to btc before it goes to final destination. This is the reason alt-coin needs BTC. Alt-coin rely mostly on the path of BTC.

Bitcoin value was largely affect the altcoins industry, I agree to sir ongels when bitcoin value raising up automatically some altcoins were raising up too. However it was not happen all the time, because sometimes when bitcoin price was increase the other altcoins were falling. It was happen due to some alternative coins are not aligned to the prices of bitcoin, so other coins are based in dollar.

You can find that the BTC price really affect of the alts since you can see that if btc price will pump up the price value of the alts will pump also and if the btc goes down same result will be occur on the alts also so if there's something bad happen to the top 1 coin then we will suffer for a huge lose of profits if this one will came. But as for now that we can see it pumping then we can expect that we can earn huge with its stretching $ value.

Maybe you are mistaken. I do not remember the price of Bitcoin are rising, the price of altcoins are also rising as Bitcoin. At the moment, you can check the price of Ethereum or other altcoins, there is no altcoin can increases its value while Bitcoin price are increasing fastly to $6,000.

I am not sure, but i am convinced that there is a relationship between the price of BTC and altcoins. This maybe can explain. With the "poor investors, who don't have much money, their fund is very small. They only choose 1 crypto to invest (BTC or altcoins). So, If they are holding altcoins, in case BTC price increase a little inwhile their coin does not. They might panic sell to buy BTC because they believe BTC coutinue rising. This leads altcoins price fall down quickly.

[thycrypto]

Alts dont really hold valus as btc takes over. It can go up but it does not stablize and drops fast.

[Tungsten-1]

Bitcoin and altcoin are interelated interms of  trading and  buying  into ICO,as Bitcoin has impact on the price of Altcoin so is Altcoin on Bitcoin,whales in the cloud has lots of impact on price variation.

Whales have always had an impact in the market even right from the onset. It is a normal thing since they have the huge funds to control the market movement and let the lower traders make decisions on that. You might be surprised the number of stop loss the whale will gain from, while controlling the market.

Whales are always in for the profit and they can go any length to make that happen.

I saw the effect of whales on many Altcoin's prices. What the whales do is not really nice. They are definitely trying to sink small ships into waves. Losses are small budget users.

There is no way that we can deny this fact that every other coin is having an influence on other coins in the world of crypto currency. Bitcoin has no doubt affected the market of altcoin in a significant manner. With each passing day, the reputation of bitcoin is increasing much more thus making the survival of not only altcoin but so many other coins very much difficult. Bitcoin has deeply affected other coins.