What is the relationship between Altcoins and bitcoin ?

[Cryptodiamond12]

I think the relationship is price. Bitcoin's price movement generally affects altcoin prices. The relationship is not always predcitable , but there are some common trends. When Bitcoin goes down quickly for example after a highly anticipated fork, it will likely depress alts as money flows into fiat or cause alts to boom especially in terms of BTC pairs, where you trade BTC for alts as money flows into alts. When Bitcoin stagnates, it will likely cause alts to stagnate.

[1714969158]

1714969158

[Pa1n]

Generally, altcoins follow Btc prices.Sometimes , there are a few different changes but as always bitcoin is the main key of crypto market.

[maryanti]

The increase and decrease of the price on bitcoin affects on altcoin, because altcoin uses the benchmark price on the main coin is Bitcoin. So the relationship of BItcoin and altoin is at the price .

[HadadC]

People know that , Bitcoin has big impact on over altcoins.Sometimes, there are a few altcoins which are the indepented , cant effect by Bitcoin.But , generally bitcoin effect all altcoins.

[Sarisang]

the majority of altcoin about his appearance many have adopted the bitcoin. This certainly indicates that altcoin is the same as with the support of bitcoin and getting bigger. and it is true it has swept up just where each increment altcoin certainly bitcoin also in a ride or vice versa. However, this does not mean the bitcoin will continue to be the highest but indeed to this day is still a few altcoins that can move beyond the bitcoin.

[jc89]

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 ?

This is because the price of an altcoin is in Bitcoin and not in fiat. So is an altcoin x = 1 btc = $10,000 then 1 btc after an hour becomes $9,000 then an altcoin x = 1 btc = $9,000. Even though the conversion factor of x to btc remains the same, the value changes because of the value change in btc. This is not always the case since every altcoin has their own community that could affect the price independently from bitcoin.

[milewilda]

There is no basic difference between bitcoin and altcoins. Both are running on the same technology and developing in the same way. Excepr bitcoin, other cryptocurrencies are called altcoins.

Well said, theres no much difference if we do try out to make difference with bitcoin and altcoin yet they are both cryptocurrencies the thing here is that bitcoin was on the 1st coin being created thats why it would always have the title to be the main cryptocurrency but if we do talk on the tech being used its just still the same.Altcoin were created the same but there are some new feature which bitcoin doesnt have but still dominance in the market would really be there.

[fzavertuk]

I think there is a big connection between bitcoin and altcoins.  Bitcoin is always on top of cryptocurrency. If it falls, then altcoin will go down, as well on the turn.

[Ms.Sunny]

Bitcoin was the original cryptocurrency, and as such every other coin to be created in its wake is otherwise known as an “altcoin”. All of them try differently to solve problems, but they are quite similar on a fundamental level.

[Iyanu14]

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 ?

The only connection is the fact that they can't stand on their own without bitcoin all of them are usually trade on exhanges using btc pair. I think probably in the future the might be independent.

[sikami]

Bitcoin is the intermediate currency for you to buy altcoin.
You buy bitcoin altcoin and buy bitcoin on different trading floors

[kere hore]

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 ?

I know these two coins need each other and so Bitcoin and altcoin are the main currencies in the cryptocurrency so therefore both of these coins know a lot of people and considering the bitcoin price can also affect the price of Altcoin because alcoin follows the movement of Bitcoin and if the bitcoin goes down and altcoin prices also fell

[Gabmot]

I think the relationship is a kinda healthy one. For instance,if we are to look at it from the point view of price changes/shift, almost every altcoins get affected either positively or the other way round. Also, I see Bitcoin as the mother of every other coins that came, and is coming after it. Bitcoin has therefore been playing the role of a good mother always looking out for his children.

[Sir Cross]

Bitcoin is currently the top coin that is being traded for other altcoins in terms of market cap, volume, and general popularity. This is what makes bitcoin the central of the world of crypto and why it has gravity behind it, having a constant relationship with altcoins prices. When it comes to the trend, when Bitcoin goes up quickly, it will likely depress altcoins as money flows into Bitcoin. When Bitcoin goes down quickly, it may depress altcoins as money flows into fiat or may cause altcoins to increase its value. When Bitcoin stagnates. it will likely stagnate altcoins as well, or may also cause altcoins to boom as people will continuously look for returns to get a favorable income in trading.

[Red-Apple]

Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs.

nobody is funding anybody here.
the only thing that exists here is that people use altcoin pumps to increase their bitcoin holdings.

Given this relationship, Bitcoin price movements effect altcoin prices. But the result is unpredictable.

the result is more predictable than you think.
whenever bitcoin drops there is going to be a massive dump in the altcoin market without an exception so it is 100% predictable.
and whenever bitcoin is having a huge rally and is rising up fast and big there is also going to be a dump in altcoin market but not as big. so this is also predictable.
and whenever bitcoin is stable altcoins have a much bigger playground to play around in because many traders look upon altcoins for profit until bitcoin stops being stable. again this is 100% predictable also.

[supto005]

Both of are Cryptocurrency which technology and developing are in the same way. But the  the relationship between Altcoins and bitcoin is about the Price because of we see that when the price of Bitcoin down then others altcoin price also down and when Bitcoin price up also other altcoin price up. So, Bitcoin effect the price of Altcoin.

[3kpk3]

Bitcoin and altcoins are interconnected in a big way and anyone who says otherwise is simply fooling themselves. Bitcoin and altcoin values are usually directly proportional to each other ie. If Bitcoin value rises, altcoin value rises and vica versa. Reverse also happens sometimes, but is uncommon. This is why everyone gets excited for a bull run or are left disappointed due to a bear market since Bitcoin and altcoin values are connected.

[Nexjr14]

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.

Of course, this often happens in market conditions. But I think there are other factors that keep prices down, if supply conditions outweigh demand, then prices will skyrocket.

[gatholocco]

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 ?

I think this is a matter of perception, because there is nothing like a company that has a real product, crypto has behavior in unity.

[rob143]

That they all are based on a blockchain that is copied from Bitcoin (ERC20 platform) so that might be a good relationship after all, also, i think that most of them are always following bitcoin's pattern.