Why Altcoin prices often follow Bitcoin price

[bamb]

Altcoin prices follow and react to that of bitcoin because majority of investors fund is in Bitcoin and when the market sentiment is positive, the altcoin benefit and when market sentiment is negative, Altcoin is worse hit and become the victim of circumstance!

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[zxl912157]

Altcoins learn from Bitcoin, how they stand and how they can enter the market so investors are interested.

Altcoins are only chess pawns that are controlled by KING (Bitcoin). Maybe that's the concept of Altcoins that always follows the price of Bitcoin.

[katerinaliisa]

The digital market is actively developing, and the alternative monetary units that are directly involved in the process of its formation show significant progress. Over time, they occupy certain niches, which in turn becomes the main reason for changing the trend of their pricing. Thus, these crypto-currencies are becoming more recognizable, which increases the interest of traders to them, and also weakens their dependence on Bitcoin.

[Desscount]

Do they really? I often encounter this statement. And i have no idea as to why. This past few days, bitcoin is on the rise and most certainly than not altcoin's price surely follows. I am not saying this is bad but altcoins have very little in common with bitcoin. And they are certainly not carbon copies of bitcoin either. Why the heck is their price so closely connected despite being so fundamentally different?

because the market is very bound by bitcoin. this is the fact.
you can see if bitcoin goes down, it will have a bad impact on the altcoin, and so does bitcoin rise. altcoin can get worse. so when bitcoin tends to be stable, that's when the altcoin will be pumped.
I think you should try to learn how to analyze

[Entratish]

Hi I have some alt coins which I want sell at cheap rate PM me

[rynanosih21]

At first, I was also confused when the price of bitcoin dropped and altcoin prices also fell.
I think Bitcoin has a big influence on the price of Cryptocurrency in the market.
No wonder the prices of Bitcoin and Altcoin are interrelated because Bitcoin is the oldest coin that appears in the Cryptocurrency market so that Bitcoin is used as a reference price for other altcoins.
This is why Altcoin prices always follow the price of Bitcoin.

[Mark X]

Bitcoin price movements are generally able to influence Altcoin prices. The relationship is not always predictable, but there are some of the most common trends.
In simple terms, there are several trends that have historically occurred between Bitcoin and Altcoins. However, it should be noted that every event in the future is not necessarily the same as the conditions in the past, and anything can happen.

In general, the main currency in the crypto market is Bitcoin. Despite fiat currency,
Ethereum, and Tether are also often used, but Bitcoin is the main currency. In other words, Altcoins tend to be used to fund Bitcoin running, and Bitcoin tends to fund Alt operations. Given this relationship, the movement of Bitcoin prices tends to have an influence on the price of Altcoins.

In short, Bitcoin is the economic center of all crypto currency markets. Because the BTC trading partner is on every exchange, the influence of Bitcoin on Altcoins will always be there. So, the correlation is only centered when people start taking profits or cutting losses in Bitcoin, by choosing Altcoins or Fiat (USD, EUR, GBP, etc.) when certain conditions, and vice versa.

[idioma1]

Because Bitcoin is the leader of the entire cryptocurrency market . It is the same as on fiat market

[ivandu]

Because Bitcoin is the leader of the entire cryptocurrency market . It is the same as on fiat market

Yeah, as we know that Bbitcoin was the first or King in crypto. even though it is actually not very fair because altcoin also has the potential to be more than it is these circumstances, however, bitcoin that currently exists. Maybe in the next few years, this system will change and it will appear altcoin that can thrive even though there is no role of the bitcoin. Your thought?

[mandeepcrypto]

All the coins follow the Bitcoin because it effects all the coin when its price rises the price of  all the  altcoin rises and vice versa.It is the most reliable coin in the market.Actually it is the king of the market.

[Atawewe]

As we all know that bitcoin is the father of all cryptocurrency, and will always be, so all other altcoin will continuing follow bitcoin...

[Lambobo1]

This is long time ago situation, bitcoin has been leading in crypto world entirely since its been established and no altcoin worth overtake it's potential

[C0ld_Zero]

Do they really? I often encounter this statement. And i have no idea as to why. This past few days, bitcoin is on the rise and most certainly than not altcoin's price surely follows. I am not saying this is bad but altcoins have very little in common with bitcoin. And they are certainly not carbon copies of bitcoin either. Why the heck is their price so closely connected despite being so fundamentally different?

At the point when the cost of Bitcoin drops, an alt coin turns out to be more significant because of the relationship of it merits being ascertained in Bitcoin. In the event that you thought of an alt coin's cost continuing as before when Bitcoin drops, you will see that if for instance BTC dropped from 10,000 to 5,000 that the alt coins BTC esteem goes very high. It's then gainful to purchase once more into BTC. You could possibly twofold benefits along these lines.

[liseff3]

I think this thing is a coincidence because basically, every crypto currency depends very much on supply and demand. I know bitcoin is a pioneer of all crypto currencies, but bitcoin is not the parent of all increases or vice versa.

[Ale75Opus]

I do not know how to accurately explain this picture. I just know that always when Bitcoin's price starts to grow, the altcoins follow him

[Nastinmel]

Because Bitcoin is the leader of the entire cryptocurrency market . It is the same as on fiat market

Yeah, as we know that Bbitcoin was the first or King in crypto. even though it is actually not very fair because altcoin also has the potential to be more than it is these circumstances, however, bitcoin that currently exists. Maybe in the next few years, this system will change and it will appear altcoin that can thrive even though there is no role of the bitcoin. Your thought?

I think that within the next 3 years Bitcoin will not allow the market to develop as freely and quickly as many of us want. The problem will remain as a whole, although we see that many promising coins give huge growth even in such a situation and this gives us hope for a bright future!

[anilsaini.jaipur]

Yes, bitcoin and altcoins are tightly coupled. Altcoins follow bitcoin movements.Its because of bitcoin market dominance. if anything affects btc, then that's gonna affect whole crypto investor's confidence which in turn hurts altcoins.

[rodskee]

Nope depends on the situation sometimes if bitcoin is increasing altcoins are dropping or stay their price value
But most probably if bitcoin increase their price altcoin will follow to the king
I think increasing of altcoins is depend of the volume of demands

[BTCreward]

Bitcoin is the leader of the cryptocurrency market and most importantly Bitcoin is the leader in capitalization. That is why altcoins are following Bitcoin.

[cewekimut]

BTC and ETH are very interesting coins. They have a number of huge market demand. And you should know that the ETH very intelligent platform for the ICO. BTC has a very high value so that all interested people to invest. And BTC became King of all the coins so ETH always follows its growth.