BTC effect on altcoins

[jerry0]

Since people own both bitcoin and altcoins... then is it really possible to be profitable in both because its inversely related then?

[chocolah29]

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.

Yeah I agree. The effect in each coin had an adverse effect and the repetition of events here always occur.
There are always three things that happened here.
1. When bitcoin pumps the altcoin pumps.
2. When bitcoin dump expect that the altcoin will dump.
3. When altcoin pump then bitcoin left out.

As these as I always observed in the market and it just always repeating.

[okala]

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 ??

This has happened several times as most of the altcoins are currently getting dump and bitcoin has broken $6,000 resistance levels this morning. Bitcoin is like a gold standard to others alternative coins as everything about cryptocurrencies revolves around bitcoin. The structures of cryptocurrencies both hardware and software including physical structure of business activities are center around bitcoin. Currently people are buying bitcoin because of the hope they have that 25th splitting there are going to get free coins from bitcoin gold. Altcoins alone cannot stand without the influence of bitcoin.

[nelmari]

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 ??

This has happened several times as most of the altcoins are currently getting dump and bitcoin has broken $6,000 resistance levels this morning. Bitcoin is like a gold standard to others alternative coins as everything about cryptocurrencies revolves around bitcoin. The structures of cryptocurrencies both hardware and software including physical structure of business activities are center around bitcoin. Currently people are buying bitcoin because of the hope they have that 25th splitting there are going to get free coins from bitcoin gold. Altcoins alone cannot stand without the influence of bitcoin.

This is correct, people are dumping their altcoins to buy bitcoins because of the price that reached a new ath. That's why most of them sold their altcoins leading do dumping mostly of altcoin but it doesn't basically that is the main reason why altcoins are dumping now. Then once fork is done, bitcoin will eventually decrease its price so altcoins will increase or try to increase its price again and people will be buying back their altcoins again.

[BlueStackz]

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.

Its like alt-coins and BTC are interrelated in ups and downs of the coin value. But still Bitcoin leads in stability as bitcoin is most used and liked by many peoples around the world and the prefer bitcoin more safe for there transaction.

One more reason bitcoin is more valued is that it provides more way to earn from it. As bitcoin price rises the prices of other alt-coins also rises because of the effect of bitcoin on other coins.

[melted349]

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 ??

This has happened several times as most of the altcoins are currently getting dump and bitcoin has broken $6,000 resistance levels this morning. Bitcoin is like a gold standard to others alternative coins as everything about cryptocurrencies revolves around bitcoin. The structures of cryptocurrencies both hardware and software including physical structure of business activities are center around bitcoin. Currently people are buying bitcoin because of the hope they have that 25th splitting there are going to get free coins from bitcoin gold. Altcoins alone cannot stand without the influence of bitcoin.

This is correct, people are dumping their altcoins to buy bitcoins because of the price that reached a new ath. That's why most of them sold their altcoins leading do dumping mostly of altcoin but it doesn't basically that is the main reason why altcoins are dumping now. Then once fork is done, bitcoin will eventually decrease its price so altcoins will increase or try to increase its price again and people will be buying back their altcoins again.

When we are know the people that are in bitcoin then in altcoin there are more in bitcoin but there are people that always think positively on altcoin that they know that some altcoin can make some huge of profit just like bitcoin.

[moonblocks]

Profit taking will always occur when Bitcoin rallies strongly such as now at the expense of Altcoins but occasionally they also rally soon afterwards even if it maintains this upward trend

[Emitdama]

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.

Yes I agree with you whales has always an impact on the market. The price of both altcoin and bitcoin has affected each other, because the investment has divided between the two currencies and so is the market value and cap.

But I think that bitcoin is still more valuable than any other digital currency because the investment ratio and the price is very high than any other currency.

[kafiddrhman]

Profit taking will always occur when Bitcoin rallies strongly such as now at the expense of Altcoins but occasionally they also rally soon afterwards even if it maintains this upward trend

Currently some traders and investors are turning to bitcoin to participate in the upcoming hardfork event in November, in hopes of benefiting from rising prices, thus undoubtedly impacting significant altcoin price reductions. But I believe the price of altcoin will increase some in the next year

[TheGreatPython]

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 are masses who are disappointed and afflicted because of the unpredicted movements of whales. Whales are all the time involved in making others suffer. They are having intentions of grabbing everyone’s coins and ruling them. We should stick to bitcoin because it is not much ruled by whales. Bitcoin is the only coin which is not much influenced by the actions of whales, so I would like to stick to it.

[barbara44]

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

Bitcoin is considered the benchmark for altcoins and the effect of its downfall on all other cryptocurrencies got pretty clear to us all during the last dip. BTC fell down and there went all altcoins almost dying. In addition to this, there is a huge difference between the available amounts of bitcoin and top 7 altcoins so no matter how much demand increases for them, their progress rate will always be a slow one due to high supply.

[super5star]

Profit taking will always occur when Bitcoin rallies strongly such as now at the expense of Altcoins but occasionally they also rally soon afterwards even if it maintains this upward trend

Currently some traders and investors are turning to bitcoin to participate in the upcoming hardfork event in November, in hopes of benefiting from rising prices, thus undoubtedly impacting significant altcoin price reductions. But I believe the price of altcoin will increase some in the next year

There is a strong relationship in between bitcoin and altcoin. Bitcoin and altcoin are the top ranked coins in the world of crypto currency. Bitcoins have a very strong effect on altcoin because of the reason that when the market price of bitcoin rises high, almost all of the investors convert their altcoins into bitcoins. This way the market of altcoins gets very much low. Altcoin’s market value is very much dependent on bitcoin

[hurain]

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 ??

This has happened several times as most of the altcoins are currently getting dump and bitcoin has broken $6,000 resistance levels this morning. Bitcoin is like a gold standard to others alternative coins as everything about cryptocurrencies revolves around bitcoin. The structures of cryptocurrencies both hardware and software including physical structure of business activities are center around bitcoin. Currently people are buying bitcoin because of the hope they have that 25th splitting there are going to get free coins from bitcoin gold. Altcoins alone cannot stand without the influence of bitcoin.

This is correct, people are dumping their altcoins to buy bitcoins because of the price that reached a new ath. That's why most of them sold their altcoins leading do dumping mostly of altcoin but it doesn't basically that is the main reason why altcoins are dumping now. Then once fork is done, bitcoin will eventually decrease its price so altcoins will increase or try to increase its price again and people will be buying back their altcoins again.

When we are know the people that are in bitcoin then in altcoin there are more in bitcoin but there are people that always think positively on altcoin that they know that some altcoin can make some huge of profit just like bitcoin.

I think that the number of bitcoin users are more than any other currency and the reason is that bitcoin is the fundamental currency while other are derived currencies and that is the reason that people are giving preference to bitcoin as compare to any other currency.

[2girls]

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 ??

This is one of the major problem of those investors of  alt coin because once the price of bitcoin soared high or increases too much then, it means their price is going down which leads to dumpness of their coin.
Whenever the bitcoin rises, we see all the altcoins dumps too fast that sometimes i begin to feel worry as if this might be the end of altcoins, but it is not.

[ocid]

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.

Its like alt-coins and BTC are interrelated in ups and downs of the coin value. But still Bitcoin leads in stability as bitcoin is most used and liked by many peoples around the world and the prefer bitcoin more safe for there transaction.

One more reason bitcoin is more valued is that it provides more way to earn from it. As bitcoin price rises the prices of other alt-coins also rises because of the effect of bitcoin on other coins.

altcoin or other types of coins other than bitcoin are the same digital currency based on bitcoin, because the basic altcoin itself is a bitcoin digital currency. If bitcoin prices can rise high then surely altcoin will follow the movement of bitcoin prices but price movements more slowly. Vice versa if bitcoin decreases then it could also impact on all altcoin values.

[Sweetbtc]

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 ??

Other than that, there is not any direct connection, and there are some coins that flow wildly no matter what happens in the markets, others that seems to match the market.  There have been none like BTC, as it has a steady and unchanging long-term increase.

[bobitza]

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 ??

Other than that, there is not any direct connection, and there are some coins that flow wildly no matter what happens in the markets, others that seems to match the market.  There have been none like BTC, as it has a steady and unchanging long-term increase.

No, bitcoin has a huge impact on the market, so we can easily see it, with the power of bitcoin, whenever it raises its price, the altcoin undergoes a great deal of pressure, and its value reduced severely.

[maarx]

Its common in the market that when the btc price really goes up, all altcoins' value comes down. BTC causes a great impact on other altcoins. Its because the investment has been divided between two currencies.

[MMA]

Its common in the market that when the btc price really goes up, all altcoins' value comes down. BTC causes a great impact on other altcoins. Its because the investment has been divided between two currencies.

Actually bitcoin is the first priority of the people to trade. therefore when the find such an opportunity to get profit from bitcoin they immediately transfer their money into bitcoin. In fact altcoin is the send option of the people, but some time when the price of bitcoin remain as stable they they invest money in altcoin as their second option.

[cexylikepie]

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 ??

Other than that, there is not any direct connection, and there are some coins that flow wildly no matter what happens in the markets, others that seems to match the market.  There have been none like BTC, as it has a steady and unchanging long-term increase.

No, bitcoin has a huge impact on the market, so we can easily see it, with the power of bitcoin, whenever it raises its price, the altcoin undergoes a great deal of pressure, and its value reduced severely.

It is true in this cycle. To be honest, it is the normal rule for this market from beginning. But I do not know why do the market changee this rule earlier of this year? From March until June, the altcoin market did not affect by the price of Bitcoin, even some altcoins can grow to new all time high like Stellar Lumen, Ripple, Digibyte ...