Why Altcoin prices often follow Bitcoin price

[leubirechat]

Should I sell a crypto now?

[yitzjoe]

the main reason altcoin always follows the price of bitcoin is because bitcoin is still believed to be the best coin and users do almost all pairs of sales and purchase of coins against bitcoin, this causes every day the bitcoin trading volume continues to increase because every transaction bids bitcoin as a transaction pair.
but now on many exchanges ETH and USDT have been added as other options for pairing every coin you have even though the trading volume is still below from BTC

[$9million]

Altcoins prices usually often follow bitcoin price because bitcoin is still believed to be the most accepted and best coin in the world. Its the king and father of cryptocurrency.

[alrose]

Because Bitcoin is the main cryptocurrency. It is Bitcoin that sets the trend. Where the price of Bitcoin goes, the price of the remaining coins will go there.

[aryaadikariyansyahsuwarto]

Have you ever heard the term "mother of all coins is bitcoin", if you have heard it means you can interpret it yourself. no need to explain at length, because a little is also likely you will understand ... !!

[leubirechat]

When need to start buying?

[leubirechat]

Just HOLD

[JohnMacZeppelin]

Because today BTC is a project that can be exchanged for any other project, only in relation to the BTC project, so I think that all this will be permanent, we still cannot understand what to compare so that we understand the price range

[Baimovic]

Have you ever heard the term "mother of all coins is bitcoin", if you have heard it means you can interpret it yourself. no need to explain at length, because a little is also likely you will understand ... !!

I think this term is very popular in crypto so I'm sure there must be many people who know it.
yes, although it's hard to explain with certainty, but because Bitcoin is the parent of altcoin and is the biggest volume coin in crypto, it's not surprising that the price of Bitcoin affects the value of Atcoin.

[IndianaJons]

Altcoins prices usually often follow bitcoin price because bitcoin is still believed to be the most accepted and best coin in the world. Its the king and father of cryptocurrency.

All altcoins are traded through Bitcoin or Ethereum. There is no direct price for dollars to altcoins. That is why the price of altcoins depends on the price of Bitcoin and Ethereum.

[Perkovic]

because altcoins are interconnected with bitcoins and they follow exactly it. It seems to me that this is logical

[carrascos]

Altcoin prices are absolutely unrelated to the price of Bitcoin. backwash I would say that they grow and fall no matter how Bitcoin behaves

[sekop]

Basically, altcoin and every coin in crypto only have one guideline, he is the king of crypto and also the inventor of crypto. The ability in bitcoin technology cannot be defeated by any coin. So, the decline and increase in the price of bitcoin will have a pretty fast impact on all crypto coins.

[fbastage]

It all depends on how investors treat this or that asset. They look at the growth of Bitcoin and get money from altcoins, which is why Bitcoin is growing even stronger, and altcoins are falling.

[radjie]

Because Bitcoin is the main cryptocurrency. It is Bitcoin that sets the trend. Where the price of Bitcoin goes, the price of the remaining coins will go there.

most of every exchange market certainly believes that bitcoin is the main source of exchange for converting other types of altcoins, therefore, bitcoin is the best type of coin that has very valuable value so all altcoins must always follow the price movements of bitcoin

[NoirSuccubus]

In my opinion, Bitcoin is something like a mirror for every cryptocurrency at all, they would measure the state of overall success by its price.

[aces777]

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?

It is because of the trading pairs, when you are looking at the trading tables you can see that all of the altcoins have their trading pairs with bitcoin which means if the volume of bitcoin being traded goes down then the volume of the altcoins that are being traded goes down and that is how they follow the price of bitcoin, it is really simple

[aalavandan]

Not every altcoin is following the Bitcoin price, but 90 percent do. It is happening because all the investors are afraid of investing in altcoins and are keeping their funds only in Bitcoins. When the green market starts, things will change.

[Sadyshagg]

I think it is essential for the future of crypto that BTC to drop below 50% of the total crypto market. Or BTC will drag the whole market under with it as it goes down again.

[chakhigh]

Altcoin price is a subject to high volatility just like the Bitcoin's price. Once we have a good price backing system in place, then we can see a good stabilization. We need a project like Gigzi to solve this issue. Once we have the ecosystem in place, price volatility will decrease. Because, this project is looking for backing crypto price with precious metals, making it more stable in the long run. This way, digital assets will not follow Bitcoin price.