Why Altcoin prices often follow Bitcoin price

[goaldigger]

Maybe because they are connected in some ways. Altcoin will surely following the leader and whatever the value of the bitcoin is, the altcoin will follow. Bitcoin also becomes the basis of the altcoins value so everything is done with a domino effect. This is all a hunch of mine. I see that they are somehow linked when it comes in the market.

[doedz]

The answer is simple and easy, so if Bitcoin is expensive then Altcoins is expensive because the trading pair on the Exchange always follows Bitcoin.
If Altcoins are cheap and Bitcoin is expensive then there will be a lot of people who continue to raise the price of Bitcoin.

[MWesterweele]

The answer is simple and easy, so if Bitcoin is expensive then Altcoins is expensive because the trading pair on the Exchange always follows Bitcoin.
If Altcoins are cheap and Bitcoin is expensive then there will be a lot of people who continue to raise the price of Bitcoin.

Altcoin follow the movement of Bitcoin price because they are depend to it, when BTC price goes down the altcoins is also goes down abd when it up they do the same because many people are want Bitcoin, so they take that opportunity to earn by Bitcoin. The demand of people into bitcoin is growing so the reason it goes up its price, and since Altcoin want to beat the bitcoin then will going to increase its price .

[Meycell]

The answer is simple and easy, so if Bitcoin is expensive then Altcoins is expensive because the trading pair on the Exchange always follows Bitcoin.
If Altcoins are cheap and Bitcoin is expensive then there will be a lot of people who continue to raise the price of Bitcoin.

Altcoin follow the movement of Bitcoin price because they are depend to it, when BTC price goes down the altcoins is also goes down abd when it up they do the same because many people are want Bitcoin, so they take that opportunity to earn by Bitcoin. The demand of people into bitcoin is growing so the reason it goes up its price, and since Altcoin want to beat the bitcoin then will going to increase its price .

Bitcoin which became the benchmark value of many other coins are very capable to make it as a valuable coin. it makes Altcoin follow every motion and developments owned Bitcoin. starting from price to growth that occurs in each period that occurs.

[bayupermana]

Basically, bitcoin is the original cryptocurrency and it will always be the main reason why a lot of people engaged on this kind of investments. Even if there are more new crypto coins coming and have a potential to become more popular, still it can't surpass bitcoin and it will be always on the top.

[dfktynby1004]

Because Bitcoin manages a large part of the entire capitalization. And if most of the market falls, then the rest of the chain reaction reacts. 

[De_nis]

I think that most altcoins are tied to the price of ETH, not to BTC, ETH is the fundamental basis of most altcoins, therefore it serves as a reserve currency.

[FIREBALL24]

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.

Bitcoin is a leader in the investment market and will always remain with them. Other coins will always be equal to its price and try to outrun it.

The major coin, here is only bitcoin and then in years past by they promoted another coin to establiah near future so as bitcoin rises then ethereum also shine in exploding in market.

[phm]

Because Bitcoin still is safe bet for most of the people in crypto. Most of us think about profits in terms of BTC not fiat. Trades are paired again BTC, and not directly USD in most of the exchanges.

Market participants no longer regard bitcoin as a trial material, it is a financial asset, volatile, complex, but quite realistic for many investors.

[Spoop]

Bitcoin is the first coin and the most valuable coin. All of the altcoins have trading pairs with bitcoin and bitcoin is used to purchase the coins. Since they are traded with bitcoin then if the price and volume being transacted goes down, that means the volume being transacted on the coins with bitcoin goes down so the coins follow the downtrend of bitcoin

[Leomarco]

because bitcoin is the first coin in the world of cryptocurrency and all other coins if you want to buy or sell it must be in the form of bitcoin which causes the price to always follow bitcoin. because they are very dependent on bitcoin.

[keepandhold]

The price is connected only with the fact that in difficult times people save their money in Bitcoin which is less volatile due to the larger capitalization. Bitcoin is also an indicator of overall market growth and starts growing first.

[setialovers]

I think some altcoin following bitcoin movement and some dont. But if converted in USD value, all coin following bitcoin price because most coin and token pairs in market using Bitcoin as main currency

[Digicoinz]

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

That's right, the father of altcoin is bitcoin, so the father will increase or decrease, then the child will follow, but later will also have some improvements and better father as everyone is seeing.

[briton]

Because maybe bitcoin is the parent of all coins, maybe that's one of the reasons, if the price of bitcoin rises, the coin price usually follows it, and vice versa, it's no wonder that altcoin follows the price of bitcoin

[kokobaba880]

For everything there is a base where the other things can be compared and bitcoin is the one which has a high level and other coins are compared with it the reason is the people who want to buy they must poses bitcoin in their wallet for investment and it is true that when bitcoin price rise other coins will also rise.

[z21770179]

That is understandable, as most of the exchange or OTC support sites now support the conversion of Bitcoin into cash, which is what most traders trade. So the altcoin is actually only a pump and dump

[Slash61]

That is understandable, as most of the exchange or OTC support sites now support the conversion of Bitcoin into cash, which is what most traders trade. So the altcoin is actually only a pump and dump

Maybe you mentioned is the influence of the market, if it is true that the market is certainly going to make altcoin pump and dump. not because of the influence of the bitcoin. actually the altcoin set up their own pump, if altcoin has a concept that runs their certainly has a chance to pump does not need to wait for bitcoin or market-moving. didn't you also never seen altcoin pump on when bitcoin down?

[removebeforeflight]

Bitcoin is the mother of all altcoins so the kids following the mother's way upward trend or downward trend. It is obvious that the buyer and seller uses Bitcoin to purchase or sell their coin so it is locked like a chain reaction.

[Jateng]

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?

I also notice that altcoin or any other coins even eth follows the price direction of bitcoin. I wonder why then later on as I've read in threads some says it is because bitcoin is the leader so the eth and alts follows bitcoin, something like the alt and eth depends or is base to bitcoin. Another, others said that alts came from bitcon.