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Author Topic: What is the relationship between Altcoins and bitcoin ?  (Read 601 times)
altcoinanalyst1 (OP)
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May 19, 2018, 09:05:17 AM
 #1

The main currency in cryptocurrency markets is Bitcoin. Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements effect altcoin prices. But the result is unpredictable. Certainly there are some common relations between them. So what are the common trends that occur to altcoins when bitcoin price changes ?
annasadia
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May 21, 2018, 02:31:36 AM
 #2

Btcoin is the best crypto system of all time but there is coin named Altcoin this is related with btc because the price effect of both of them. Its like share market and if the price of BTC increase some alt coin increases and some decreases so both of them are vice versa.
Abraham777
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May 21, 2018, 02:35:23 AM
 #3

Since 2011 Twenty Six Cryptocurrency Exchanges Bit the Dust – Altcoin Exchange Believes Atomic Swaps Will Prevent These LossesThe team at Altcoin Exchange says they still has some work to do with the code as far as privacy and order matching comes. The group says they are also thankful for the decred development team and Litecoin’s Charlie Lee for help pioneering the atomic swap effort.

“Since June of 2011, 26 exchanges have been compromised, resulting in the loss of millions of dollars worth of coins. To prevent more of these types of hacks, decentralized exchanges are needed, and atomic swaps bring us one step closer to achieving this goal,” Gazdecki explains to news.Bitcoin.com
ezakmisd
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May 21, 2018, 02:55:02 AM
 #4

The main currency in cryptocurrency markets is Bitcoin. Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements effect altcoin prices. But the result is unpredictable. Certainly there are some common relations between them. So what are the common trends that occur to altcoins when bitcoin price changes ?
they have a very large connection, because the price of all crypto-currencies depends on the price of bitcoin,it sets the bar for them with its own
jimlyon
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May 21, 2018, 03:00:19 AM
 #5

main relationship between Altcoins and bitcoin is the price, as we all know bitcoin is the king so it play a huge role, but Altcoins is also connected it to boost up or down. if bitcoins gose up it takes up  Altcoins with it too, on the other hand if people invest in  Altcoins they boost the king also.
batang_bitcoin
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May 21, 2018, 03:01:44 AM
 #6

I can't think of any relationship between them, you mentioned it already and that's the relationship between altcoins and bitcoin.

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Plecet Bank
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May 21, 2018, 03:04:44 AM
 #7

There are both good bitcoin nor altcoin is to regulation each other. When the price goes up, the price bitcoin altcoin going down. So people will sell bitcoin and buy altcoin. Conversely, when prices go down, bitcoin bitcoin then altcoin prices going up. So people will be selling altcoin and buy a bitcoin. that's roughly the relationship between the two. Complement each other.

Azzhan
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May 21, 2018, 03:08:23 AM
 #8

When the price of bitcoin falls sharply, most altcoin falls.
Because bitcoin gives people confidence that if bitcoin falls, most people in the market will lose confidence.

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kevinpeck
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May 21, 2018, 03:09:05 AM
 #9

the main relationship between Altcoins and bitcoin i believe is their price backing, one push another in matter of price, of bitcoin goes down it pulls others, as Altcoins gives push to bitcoins also. Cool
monalia
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May 21, 2018, 03:18:17 AM
 #10

The main relationship of Bitcoin and altcoin is Blockchain technology because all the investors are buying Bitcoin then only they are all exchange to some other altcoins so Bitcoin fund is depends on Altcoins and Altcoins fund is depends on Bitcoin. But most of the altcoins are follow the Bitcoin way so Bitcoin is lead the altcoins growth.

MoonIsBlue
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May 21, 2018, 03:25:27 AM
 #11

The main currency in cryptocurrency markets is Bitcoin. Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements effect altcoin prices. But the result is unpredictable. Certainly there are some common relations between them. So what are the common trends that occur to altcoins when bitcoin price changes ?

Depends on the overall volatility within BTC, if BTC goes steady alts usually outperform Bitcoin, but if Bitcoin goes on a rampage crushing the price everytime then alts start slumping as people want to ride the Bitcoin wave.
Right now, if you're looking for more volatility alts would be the place to be as opposed to BTC.

If BTC tanks however alts usually go down with it and depending on how hard BTC tanks alts can tank a lot harder. I think the relation should be viewed in terms of volatility for now.

jasonkirbi
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May 21, 2018, 03:31:17 AM
 #12

Altcoin and bitcoin both are the decentralised currencies where bitcoin is more popular among people. They both have fluctuating tendancy and a good amount of money can be made from both of them. Shocked Shocked
andyward
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May 21, 2018, 03:39:43 AM
 #13

Generally, the price of bitcoin goes down very fast and goes up even faster. Whereas altcoin takes time to react to the situation and fluctuate slowly. But, bitcoin has much more experience than altcoin and it is more advancd than altcoins. So, investing on bitcoin would be a good decision I must say. Shocked
Birdiebig
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May 21, 2018, 04:46:24 AM
 #14

I think that bitcoin and altcoin are closely linked and mutually supportive in the crypto market. Both are contributing, promoting and contributing to the overall development of the blockchain industry. That is seen as a mutual conversion in terms of resonance and reaction from the volatility of the market. Thus, the market value is added and shared among the coins in a more balanced way.
hjfjmk
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May 21, 2018, 05:06:52 AM
 #15

Altcoin is a collective name for other digital currencies than Bitcoin. Imitation Bitcoin Type, Litecoin, Dog Coin. The platform types Ripple, Nxt, Bts, early ETh, Etc, Lisk, and waves can all be called platform assets. Also includes other various types.
bitcoinforus
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May 21, 2018, 05:30:38 AM
 #16

I noticed that earlier, when bitcoin was growing, all altcoins were falling in price, and now when it falls, all altcoins are falling, but when It grows, the coins from the TOP-10 grow with it, and the rest fall! What changed? Why?
angelfaria
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May 21, 2018, 07:06:40 AM
 #17

Well, visibly you can notice if you observe carefully that when the price of Bitcoin starts falling, the price of other coins fall too. Right now, this is the current scenario of the market. Most commonly, it is known as the bear trend.
MMysterious
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May 21, 2018, 07:27:14 AM
 #18

When bitcoin is dropping slightly altcoins move up but a major bitcoin dump means a drop also on altcoins. This is normal because bitcoin sometimes is generally referred to as crypto itself.
sainaselalisa
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May 21, 2018, 07:36:26 AM
 #19

Well, the most common trend is that when the price of Bitcoin falls, the price of other altcoin also start falling. This is recently been seen in the market right now. We all know it as bear trend.
Angela28
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May 21, 2018, 09:53:48 AM
 #20

Between bitcoin and altcoin are interrelated. Bitcoin is still the dominant digital currency so far and there is hardly anything so that we can believe there will be a change in the future and altcoin is set. It is designed to support and complement Bitcoin's missing features. They have a close relationship with each other as we know it
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