YD_Crypto (OP)
Newbie
 Offline
Activity: 138
Merit: 0
|
 |
February 12, 2018, 07:09:11 AM |
|
Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
giogio0504
Jr. Member
Offline
Activity: 322
Merit: 3
|
|
February 12, 2018, 07:23:23 AM |
|
Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?
This proves that success of altcoins depend on bitcoin, and they will never be able to overcome it. |
|
|
|
|
|
Ridwan Fauzi
|
|
February 12, 2018, 07:33:11 AM |
|
Bitcoin has a major influence in the world of cryptocurrency, so altcoin prices must be influenced by bitcoin prices. Everyone who invests in bitcoin automatically has an investment in altcoin. So when they get good news or information coming to the world of cryptocurrency they will automatically buy bitcoin and altcoin as well as and otherwise when he got bad information that came to cryptocurrency they will sell bitcoin and altcoin he has.
|
|
|
|
|
kokowannabe
Jr. Member
Offline
Activity: 945
Merit: 1
|
|
February 12, 2018, 07:37:03 AM |
|
bitcoin is the mother of all coin because bitcoin is the first coin and bitcoin price will alwayas the biggest one, and altcoin wil never catch up to bitcoin.
|
|
|
|
|
Hellobx
Member
Offline
Activity: 224
Merit: 10
The Experience Layer of the Decentralized Internet
|
|
February 12, 2018, 07:47:42 AM |
|
Because bitcoin is the leader in cryptocurrency markets, all altcoins will rise as bitcoin rises.
When the price of bitcoin falls sharply, people will lose confidence, and they will sell a lot of altcoin at this time, which leads to a big drop in the price of the whole cryptocurrency market.
|
|
|
|
gizmodo1987
Member
Offline
Activity: 294
Merit: 10
|
|
February 12, 2018, 07:50:01 AM |
|
As bitcoin is the root or the father of cryptocurrency when it goes down majority of altcoins also go down. But there are others which will not be affected.
|
|
|
|
|
squatz1
Legendary
Offline
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
|
|
February 12, 2018, 07:51:27 AM |
|
Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?
This proves that success of altcoins depend on bitcoin, and they will never be able to overcome it. I mean that couldn't be farther from the truth because during the altcoin ruin up, right before and after the BTC run up. Bitcoin went up maybe 4x at the top of the line, but all of those other altcoins they went up an insane amount some went up 1000x and things along those lines. These other coins went up crazily, a lot more then bitcoin did.. Altcoins fluctuate with bitcoin, but not with the same amount of volatility as altcoins WILL ALWAYS have more volatility. |
|
|
|
|
Hallmader
|
|
February 12, 2018, 07:52:56 AM |
|
Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?
This does not happen all the time. But in the last several days, the movement seems to be as a single body. This signifies that the decrease and increase of the prices are not just a reflection of the individual performance of the coin but of the entire crypto environment. But it has also happened countless of times in the past that if Bitcoin is in serious blood, the rest of the altcoin world will also suffer the same. This means that Bitcoin's fate is playing a vital role in the prices of the altcoins. |
|
|
|
YuginKadoya
Legendary
Offline
Activity: 3038
Merit: 1169
|
|
February 12, 2018, 08:04:20 AM |
|
Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?
This proves that success of altcoins depend on bitcoin, and they will never be able to overcome it. You can sure say that, And that is one of the things why Altcoins price decrease and increase as per bitcoin does, Well Altcoins have another thing that can make its value increase and that is thanks to the hard work of developers that an Altcoins is reaching its certain goals, And thanks to Bitcoin certain Altcoins are base on the exchange of bitcoin, |
|
|
|
|
meyklove
Member
Offline
Activity: 210
Merit: 14
|
|
February 12, 2018, 08:09:47 AM |
|
It shows that altcoins are under by bitcoin and can’t stand if bitcoin falls.
|
|
|
|
|
Nerman
|
|
February 12, 2018, 08:31:05 AM |
|
Since Bitcoin is the king of cryptocurrency investors will worry if Bitcoins price decrease that affects altcoin. As of now people thinks that if bitcoin fails all crypto currency will fail.
|
|
|
|
|
isomoyes
Newbie
Offline
Activity: 327
Merit: 0
|
|
February 12, 2018, 08:32:28 AM |
|
Majority of crypto currency are born for bitcoin. Bitcoin is the main and first crypto of all crypto currency so all other crypto are dependent on it. This is the prove for crypto world. And so that bitcoin are popular and it's bit long.
|
|
|
|
|
SeniorRalap
Newbie
Offline
Activity: 81
Merit: 0
|
|
February 12, 2018, 08:34:32 AM |
|
Bitcoin is the king of all altcoins. Its price has seriously affected the prices of other cryptocurrencies.
|
|
|
|
|
|
Rodeo02
|
|
February 12, 2018, 08:36:25 AM |
|
Since Bitcoin is the king of cryptocurrency investors will worry if Bitcoins price decrease that affects altcoin. As of now people thinks that if bitcoin fails all crypto currency will fail.
cause they think that no one can overcome in bitcoin that is why they are too much afraid when bitcoin has some movement and they also may ever see that altcoin dont have so they dont let this may ever happen as long as there is some movement in bitcoin specially when decreasing they may also want to have in altcoin too. |
|
|
|
|
|
carriebee
|
|
February 12, 2018, 08:42:01 AM |
|
Bitcoin is the king of all altcoins. Its price has seriously affected the prices of other cryptocurrencies.
Yes the king of all altcoins, price decrease and increase of bitcoin also affect the price of altcoins. Most relay on the value of bitcoin. As all users got benefited of bitcoin so when bitcoin prices movement increase altcoins does follow. |
|
|
|
|
think3214
Member
Offline
Activity: 238
Merit: 10
|
|
February 12, 2018, 10:03:10 AM |
|
Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?
Not as you think, bitcoin has nothing to do with other altcoins. The altcoin is based on a platform and they have a common effect. Bitcoin and other altcoins decrease due to the influence of common factors. Not when reduced or increased bitcoin will affect the other altcoin. Occasionally bitcoins increase, but other altcoins decrease and vice versa. |
|
|
|
|
|
Siopao
|
|
February 12, 2018, 10:15:15 AM |
|
Bitcoin's value is the basis of altcoins due to it being the first digital currency. The movement of bitcoin can affect the value of altcoins, thus when btc is up we can also expect increased value for altcoins and decrease when btc is down.
|
|
|
|
|
Alexmagn84
Member
Offline
Activity: 517
Merit: 10
|
|
February 12, 2018, 10:19:29 AM |
|
Bitcoin is a king of the crypto currency world.I see January to February month bitcoin price still 8K plus.it's lower price.because 2017 year last month we are see bitcoin price 20K plus.but now huge decrease. But it does not matter now time to hold.we are bitcoin buying and keep holding. Don't worry,bitcoin price again going increase 20K,hope is possible.
|
|
|
|
|
Gaff
|
|
February 12, 2018, 10:21:48 AM |
|
Bitcoin's value is the basis of altcoins due to it being the first digital currency. The movement of bitcoin can affect the value of altcoins, thus when btc is up we can also expect increased value for altcoins and decrease when btc is down.
From the start bitcoin is really trend because of its volatility and we all know that after the price fall the next is a huge rise maybe we can get more reference from the past few years about the bitcoin price if we engage in buying and selling process of gaining.I believe that it is now really the right time to buy bitcoin because the price is really getting low it is really a great opportunity because if the price rise we can really sell and gain profit. |
|
|
|
|
|
EmJay
|
|
February 12, 2018, 10:26:40 AM |
|
Does Bitcoin's price decrease and increase make the other Altcoin price decrease and increase? When the Bitcoin decreases, the other coins are reduced by the price. While the price of bitcoin increases, most coins increase. What's the reason for this?
Bitcoin and other alt coins are cryptocurrency , meaning it is volatile. The value is not fixed. Every now and then it keeps changing it value. It may increase or maay decrease depending to the market and also it goes like the demand and supply also. |
|
|
|
|
|
