What is the relationship between Altcoins and bitcoin ?

[mktpromp]

In my opinion I think that alt coins price always changes when bitcoins price got changed. Because when bitcoin price goes up alt coin also goes up and when it is down alt coin price also goes down. Altcoin depends on bitcoin all the time.

[1714941806]

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[brainryan]

In my opinion, bitcoin and altcoin have correlations and mutual support to maintain equilibrium in the crypto ecosystem. In most cases, when Bitcoin prices rise, prices will fluctuate with regard to Altcoin and this can lead to a decline in the value of many Altcoin. Or vice versa. But altcoin and bitcoin are all about diversity, richness, maintaining and extending the user base in crypto.

[maflec0713]

The relationship with the altcoin and bitcoin is that altcoin is the alternative coin other than bitcoin in cryptocurrency which bitcoin is the first decentralized crytocurrency and the most popular coin. When bitcoin was popular, many altcoins where made like ETH, DASH, RIPPLE, LITECOIN, etc. I think there are no common denominator between the two because there are not proportional nor inversely related to each other. When bitcoin increase does not mean other altcoin also increase or decrease or vise versa. They depend on the investments of people in the coin they choose.

[jonalva]

Bitcoin being a influential crypto has huge infuence in the market. This ia the most popular crypto it infuences the price of other altcoins very much. The increment or decrement os bitcoin is found to have an effect on them.

[bct9t]

There is a close relationship between the altcoin and bitcoin. Bitcoin being the king crypto has a huge influence in the market for which when the price of bitcoin fluctuates same is seen in other altcoins too. When the price of bitcoin decreases the price of other alcoins also found to decrease. Same happens in case of increment too. So we should be more careful about bitcoin to develop the whole crypto market.

[saelernet]

Bitcoin is the king, so it plays a huge role. But everyone wants to bite a piece of cake, so so many altcoins

[An0nyMoose]

Bitcoin was the first cryptocurrency in the market and it has bragging rights to the first position. The relationship between bitcoin and altcoins is that when altcoins are listed on exchanges, the first coin that they are paired with is always bitcoin and that is why the price of bitcoin affects the price of all the other coins. Altcoins just help to fill the cracks that bitcoin missed and they also help to solve the supply issue with bitcoin.

[coin_maker]

Altcoin and Bitcoin both are the digital crypto currency in the market. i think bitcoin prices will effect other coins prices. But bitcoin is the best digital crypto currency in the world.

[laracastvue]

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 relationship in terms of prices in the market, bitcoins price is tethere to altcoins and that is the reason why the prices of alts are being affected either it will increase or decrease depending on the state of bitcoin price in the market.

[harrypot]

Both are crypto currency. If we compare with popularity among them bitcoin is ahead from altcoin. Bitcoins prices will affect altcoins prices.

[VclDm]

The relationship of bitcoin and altcoin is electronic money and is traded on the cryptocurrency market. They are supported by modern blockchain technology and future will grow. Since the beginning of 2018, the cryptocurrency market has been volatile and the price of coin on the market has fluctuated. Bitcoins and altcoins are closely related.

[Kate Beckett]

There is no unambiguous answer to this question. In certain cases, the market creates situations where many crypto currencies simultaneously start moving up or down, depending on the events occurring, whereas in other situations the same crypto-currency pairs show a minimal price correlation or its complete absence. For example, the correlation between LTC and BTC most often looks like direct proportionality, whereas with XRP - reverse proportionality.

[Cilorku]

the relationship between altcoin and Bitcoin is certainly very close, I think they need each other. when bitcoin prices fall sharply, most of the altcoin falls. but increased ALtcoin values will also affect the capitalaisation of bitcoin. this is a very clear and sharp relationship.

[jackylion]

Bitcoin being a influential crypto has huge infuence in the market. This ia the most popular crypto it infuences the price of other altcoins very much. The increment or decrement os bitcoin is found to have an effect on them.

Although no one associates them with any relationship, the altcoin always depends on the BTC, as you see the market fluctuates, the BTC decreases, while the other altcoin decreases as well. So this may indicate that the BTC partially determines the price for the other altcoin.

[Anton1105]

The relationship between bitcoin and altcoins is determined by the correlation coefficient. A negative correlation indicates that altcoins are falling if bitcoin is growing. Negative correlation arises due to the fact that investors' capital flows from altcoins to bitcoin or vice versa. Positive correlation is manifested when bitcoin and altcoins are simultaneously growing. A positive correlation suggests that there are the same factors between bitcoin and altcoins.
Read more in this article: https://www.bitcoinmarketjournal.com/bitcoin-price-correlations/
Table of correlation coefficients of altcoins: https://bitinfocharts.com/correlation.html
P.S. I hope my post was useful

[Arcoin1]

All coins in the crypto money world are based on Bitcoin. The increase in bitcoin is the increase in all Altcoins. All Altcoins are exported as Bitcoin values to the market. Without bitcoin, there will not be altcoin.

[God]

There is not a fixed relationship on the price of both, only that this is theory and most people think that it directly affects the price, came on guys, this is never happening

[torrantz]

There is not a fixed relationship on the price of both, only that this is theory and most people think that it directly affects the price, came on guys, this is never happening

In fact the bitcoin fluctiation was affecting altcoin. But altcoin doesn't give any impact to the price of bitcoin because altcoin has used the bitcoin as the main pegged to determine the real price of altcoin itself.
Bitcoin can give an impact to altcoin but altcoin can't. The only possible thing the altcoin rely on the bitcoin.

[vlad230]

I think the link between altcoins and bitcoin is that every transaction goes mainly through BTC as the majority of exchanges mainly support altcoin/btc pairs.

Another thing that I noticed is that people tend to protect their BTC investments and sell altcoins when the market is going down.

[Md.salauddin]

There is no specific difference between Altcoins and bitcoin . but it is also true when btc price down most of the altr price also down btc directly or indirectly affects altr market.