popping (OP)
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March 29, 2018, 02:49:46 AM |
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Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
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Gabz999
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March 29, 2018, 03:02:33 AM |
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Its because bitcoin is the main and the king of all crypto currencies. So any movement of the price of the Bitcoin, all altcoins will also down. Bitcoins was the center of the market, if there is no bitcoin probably there will be no altcoins also. So Bitcoin has the main role on market.
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crossabdd
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March 29, 2018, 03:03:53 AM |
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Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
altcoin paired to Bitcoin and bitcoin is the highest pair to fiat. so when bitcoin into fiat prices goes down, altcoin holders will panic and sell their altcoin. and move to fiat. so altcoin follow down. altcoin only follows the bitcoin trend. but news for altcoin could also have an effect on rising or falling prices. |
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qq555
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March 29, 2018, 03:04:48 AM |
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A lot of people investing bitcoin today because of its high value and they expect their will be a big return in the coming years. Any investors are so optimistic of what happen in the future, they simply grab opportunity that will bring them a great investment return. If bitcoin price still increasing probably everyone will make investment on it, and so do i.
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pooya87
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March 29, 2018, 04:03:30 AM |
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it short because everything that is not bitcoin is called "alt"coin.
alternative cryptocurrencies have never been known for being useful, they have always acted as a small market with a lot of manipulation (so high risk) where people go to in order to increase their bitcoin wealth. if you ask people "how to earn bitcoin?" or visit the topics asking it, you can see the most common answer is "trade altcoins" and that is the only reason almost all of them exist.
now with their purpose cleared out, you can easily understand why they are getting dumped each time bitcoin rises or falls.
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jamesbtcearn
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March 31, 2018, 10:22:36 AM |
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Because Bitcoin is popular in a greater number. Still to some people CyptoCurrency and Bitcoin are synonymous. SO, people judge the Crypto market based on the situation of Bitcoin. Most people who invest in altcoins, also have some of their money on Bitcoin too.
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Red-Apple
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March 31, 2018, 10:39:07 AM |
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it is simply because everyone wants bitcoin and bitcoin alone. nothing else. nobody cares about having more altcoins in their pocket (with the exception of newbies who lose money) but they all care about having more bitcoin in their wallets.
that means each time bitcoin is making a big move, everyone drops whatever they are doing and rush to bitcoin market. that means altcoins get dumped each time.
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JerryJam
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March 31, 2018, 10:48:05 AM |
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Bitcoin is the leading cryptocurrency.And he of course has an impact on the markets of all cryptocurrencies. If the technology SegWit will become more popular then the bearish trend may end. Because of the speed of transactions and the reduction of commissions.This system will be supported by a new bitcoin wallet.Will the closure of suspicious accounts . Coins that have no intrinsic value will disappear.
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laryillary
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March 31, 2018, 11:24:49 AM |
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I think that many active market participants follow one and the same principle, giving in to global impact. I took the funds that were lying without the need for financing hedged positions and immediately put them back in their cold storage wallets. Despite the potential absence of risks of infection, I felt that it was better to take action, and then look at the further development of the situation.
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apelmerah
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March 31, 2018, 11:36:14 AM |
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Here bitcoin becomes the leader of all coins, and after bitcoin the price drops then many coin alcoins are in panic selling through bitcoin and making money flat.
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Fazlurkhan.kz
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March 31, 2018, 11:46:32 AM |
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When bitcoin drops, many of the altcoins holders start buying bitcoins by selling their other altcoins coins in exchange for bitcoin. As bitcoin is regarded the best cryptocurrency and has remained number one since the invention of cryptocurrencies holders prefers saving their investment in bitcoins rather than in alternate cryptocurrencies. This rapid dump results in the decrease in the price of the dumped altcoins. This is one of the reasons for the altcoins price drop when bitcoin drops.
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Wicked17
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March 31, 2018, 11:57:44 AM |
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Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
Bitcoin plays a big role in the price movement of the cryptocurrency market. We can see that in some recent pumps and dump of the market, when bitcoin pumps also other altcoins pumps. There are many altcoins that is paired up in bitcoin in exchange. |
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Tmandeep
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March 31, 2018, 12:00:44 PM |
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There is a lot of enthusiasm in this market in the low current market value of Bitcoin.
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dothebeats
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March 31, 2018, 12:03:26 PM |
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Most coins are linked or dependent to BTC in some way; before you can get these alts, you must first get bitcoins in order to buy altcoins. Also, most altcoin traders are also bitcoin traders, so it could be that once a massive selloff has happened with bitcoin, they know that the same thing would happen to altcoins, thus creating a domino effect whenever bitcoin is down. And, since altcoins are valued using bitcoins, it's natural that altcoins would also devalue since its conversion unit has also devalued.
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Elsie123
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March 31, 2018, 12:03:48 PM |
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Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
A lot of people investing bitcoin today because of its high value and they expect their will be a big return in the coming years. Any investors are so optimistic of what happen in the future, they simply grab opportunity that will bring them a great investment return. |
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Alert31
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March 31, 2018, 12:07:20 PM |
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Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
I think bitcoin and altcoin are linked because if bitcoin price drop altcoins drop also,if bitcoin price increase altcoin increase also. Bitcoin is a leading coin that has a big rule to play in cryptocurrency. Every altcoins need to exchange firts into bitcoin before you can use it as payment methods and before you can exchange it into our local money. |
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simonova
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March 31, 2018, 12:08:07 PM |
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Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
Bitcoin prices affect other coins because crypto are identified as bitcoins. When people see bitcoin prices dropping, they get scared that all crypto will be affected and thus they start selling alt coins as well. |
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steveabrahams
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March 31, 2018, 12:12:16 PM |
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Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
Well i think it's because bitcoin is the first cryptocurrency and bitcoin price that is really high compared by other altcoins. So when the price of bitcoin drops, other altcoins also drops and when bitcoin price go up, altcoins also go up too. If you look at the market right now, bitcoin price is crashing so hard and altcoins following it too. |
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Pain Packer
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March 31, 2018, 12:16:49 PM |
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Bitcoin is all the basis of the alt coins. Even the slightest change in price will immediately affect other coins. In another sense, if the btc just suddenly drop, the holders of coins just panicked then sell their coins that also contributed to the price drop of coins. Just remember that bitcoin affects all aspect of market.
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YuginKadoya
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March 31, 2018, 12:16:54 PM |
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Well aside from bitcoin being the Top Cryptocurrency out there I think because other Coins exchange is base on bitcoin itself And even if others are base on ETH, or litecoin it may still affect the value of it because ETH and LTC base their exchanges with bitcoin, Just like in fiat currency where dollar is the main source of exchange for other currency we all know that bitcoin is the first and base on bitcoin alone other coins price affected from it.
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