All coin values down and up with BTC! Is it good?

[jerimarsella]

This is quite nice, however for bitcoin. If the Assistant altcoin owns this is not too good because it based on other cryptos. If it does not have to follow the bitcoin might be better.

[riaruhs09]

I think it's a normal thing but the concern now is day to day trading volume is getting down and making us become increasingly panicked.

[Hehalye]

This is bad, because investors can not choose which cryptocurrency to invest in, as all cryptocurrencies make the same movement.

[okan]

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

it is normal.

but tehy are not went down parallel.

btc dominance was %38 last month. now it is %45.

all them are dropped. but alts dropped much

[kulakvlad]

Now the situation is beginning to change and some alts are growing despite the fall of bitcoin.

[ahoenk]

It is not good sign. Why ? Because its mean money flow to fiat not to another coin. And its mean money going outside cryptocurrencies market. I hope it will stopped asap and not going down further. We need to manage our emotion and dont do panic selling. Remember !! If we believe that blockchain is the futures we need to hold because it will probably going up again higher then before.

[YinShuiSiYuan]

I think that this is not a good situation. The price of bitcoin has a large impact on the prices of altcoins. Even as there is no basis for price declines, altcoins moving in the direction delineated by the price of BTC.

[palermofc]

I think it's not good, because altcoins can't rise iindependently according to their own developments and they are dependent to bitcoin speculations.

[DikkieD]

I don't get it why btc should be king in terms of its ties with altcoins.

Let's say altcoin 1 does a world problem solving magic trick and has a coin as an incentive to contribute towards it...on its own blockchain. There would be no reason why this altcoin is bound to bitcoin. Let's say this altcion 1 is paired against btc, eth and several other coins, but also to fiat pairs. Why would it matter if btc is still king or not?

I mean, I get why this is the current situation, but for the near future it almost makes no sense to me.......

[publicjud]

All altcoins are tied to Bitcoin, because their cost is determined in BTC. Bitcoin is a leader and if he falls the whole market follows it. But it seems to me that someday the altcoin will be disconnected from bitcoin.

[akitha]

This is normal!No need to panic.We all know that mostly of the coin is dependent to bitcoin!This will be over soon! Good news are on the way!

[brusnika]

The crypto market is very young, and bitcoin is the most established coin. It is quite logical that in this situation  most coins have a direct correlation with bitcoin. In the future, when projects gain strength, experience, this dependence should weaken or disappear forever. But it will happen not in the nearest future)

[patz22]

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

In terms of being good or harmful. I think dipping prices are good for the market as this allows new investors to join the crypto market and eventually grow the market organically without manipulation from some pump cartels.

I totally agree with your statement. Well in any business as well as in stock market, red days or dip is good in terms of gaining new partners, investors even competition within the market (new coins or project). The good thing is that once we recover crypto world will be bigger than before hence it will survive and for sure it CAN be acceptable worldwide. It may take time but it will happen for sure.

[BagzMM]

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

I think this is normal as bitcoin has been the barometer of the prices in crypto currency. Due to the popularity of bitcoin, most of the pairing on the exchanges had use bitcoin. Also in some exchanges you can buy bitcoin thru fiat or even credit cards.

[darth_cryptorider]

It's normal because all alts trading  with btc mostly so if bitcoin up  alts price in USD  also up . Bitcoin work as index for alts

[zorranco]

From an investor point of view it's a complete disaster that all alts are pegged to BTC value, because this prevents good risk management / diversification. At the end, no matter what you buy, you are in the arms of BTC swings.

BTC kingdom is about to die, IMO, as long as all exchanges are going to implement fiat gateways in the next weeks/months.

This is going to allow alts rallies independent of BTC bear/bull market

If you are heavy in alts, like I do, the party is about to begin

[Chaki]

Yes it is, Bitcoin has the largest impact of the cryptocurrency prices, it goes well if the BTC is good and bad if the BTC condition is unwell, it's good in the community of crypto because BTC should be and always be the center, it would be more concerning if any ICO will just make their token's price as they like, isn't it?

[KirunBarber]

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

indeed almost all altcoin is influenced by bitcoin prices, but not all. and there is also a good altcoin price in the market. my own opinion if an altcoin value can already be applied in the destination I think the price will remain good, while the coin can still be in use

[ryzaadit]

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

indeed almost all altcoin is influenced by bitcoin prices, but not all. and there is also a good altcoin price in the market. my own opinion if an altcoin value can already be applied in the destination I think the price will remain good, while the coin can still be in use

Well all coin still can be use but for the price its depent for volume Crypto market not just bitcoin. Cryptomarket December 2017 Reach almost 800B USD and all altcoin making a high price. so its depend whent the whale/investor crypto getback again into the market.

[krauzzer02]

It is quite clear that the all altcoin values rise up and goes down with the bitcoin. A clear indication of direct relation to the BTC value to the altcoins. Is it good for the coins or is it harmful for the market?

It has the biggest volume and capitalization though out cryptocurrency all of the exchanges with altcoins and tokens have the trading pairings with bitcoin and it is the main cryptocurrency that's why the rest called altcoins or other terminologies beside that, it is the heart and the core of crypto that's why it is very important to consider the price of bitcoin, CMC pricing compares with USD and the correlation value with bitcoin that's why they are dragging with the value of the main crypto.