Altcoin price based on bitcoin price?

[crptotrader007]

Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down

The prices of altcoin is depending on Bitcoin prices.But now the things are changing,there are few coins which are surviving independent in the market like Ethereum, Bitcoin cash.These dependency happens due to two reason,one is the alts are generally new to the market and people don't have that trust as they have in old coins like Bitcoin and now ethereum also.Second thing is Lack of information in people.They are still few people who don't even know what there are few other coins other than bitcoin.Things are changing slowly and impact of alts has increased considerably after this fall of Bitcoin.

[mojacho]

EOS and ETH clearly show some signs of independence from time to time. The rule will be broken some day.

[sisjow]

Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down

i think it is because of a dominance of bitcoin in a market. almost all coin follow bitcoin price about rising and fall but remember it's not all coin.

[dmamigo]

Nowadays, often we have noticed the thing is changing. Sometime some alts rise quite high even when BTC falls. I agree with many who wrote, "it will change". Things are already changing and as months are passing by people will more understand the system and things will gradually become better. Traders I guess just fear the fall of BTC and it frightens them to sell off their alts as well. This are changing, being in various trading groups I see people re changing. They trade in altcoins more when BTC is falling.

[S.R Rikto]

I think altcoin price is based on bitcoin price? Altikins price is also downfall as I've noticed Bitcoin's price has fallen for the last few days.

[boyshx]

Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down

Its not 100% true at all. They never follow each other because there price dependency is merely a hypothesis of current market reaction. All atlcoins have there different modes of development and depending upon which they will get different output in terms of market cap, investors support and thus prices move accordingly.

What we see on regularly basis is the whole market cap moving up and down and thus total market and including all the altcoins within it decides the prices. We feel that bitcoin is being followed, but its not.

[Siminarota]

Well, most of the time, the price of altcoins now depends on the price of BTC, when the price of BTC drops, the prices of other altcoin also decrease so I think investing in BTC is the most reasonable.

[jerowacik]

When the value of Bitcoin rises altcoins lose value, or at least their price in BTC falls and when it falls they have to rise but not always

[upsidedown75]

Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down

The prices of altcoin is depending on Bitcoin prices.But now the things are changing,there are few coins which are surviving independent in the market like Ethereum, Bitcoin cash.These dependency happens due to two reason,one is the alts are generally new to the market and people don't have that trust as they have in old coins like Bitcoin and now ethereum also.Second thing is Lack of information in people.They are still few people who don't even know what there are few other coins other than bitcoin.Things are changing slowly and impact of alts has increased considerably after this fall of Bitcoin.

Right but I would not count bitcoin cash as those among the independent coins anyway. The fact is there are still some coins with very strong support and less of huge volatility based on bitcoin movement and this is because they simply have real life usage but if we are really to look at the perception of the overall market, bitcoin still do have some impact on their prices as well. Hopefully, things will get to change over time maybe when the market starts getting to have some real life usage.

[Shanmatthew]

Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down

Yes,altcoin is base on bitcoin price.because bitcoin is the mother of all coins.not all but majority is base on it.so if the price of btc is down then many altcoin is also down their value.

[Souldream]

Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down

Its not 100% true at all. They never follow each other because there price dependency is merely a hypothesis of current market reaction. All atlcoins have there different modes of development and depending upon which they will get different output in terms of market cap, investors support and thus prices move accordingly.

What we see on regularly basis is the whole market cap moving up and down and thus total market and including all the altcoins within it decides the prices. We feel that bitcoin is being followed, but its not.

Well it's true that it's not true that the value of the altcoin are dependent on the value of bitcoin but somehow at the current situation of the cryptocurrencies we couldn't avoid to think that yes it could be dependable upon the situation of bitcoin today. And I'd still believe that bitcoin is the most profitable coin of all crypto that's why value of altcoin is somehow dependent on it.

[Red Fish]

Yes, exactly, altcoin prices depends from Bitcoin, so if you look at BTC price going up or down, you can see the same with altcoin too. In some cases, altcoin price also depends from market buy or sale trends, but mainly all altcoins depends from Bitcoin. 

[Cactushrt]

Probably no at the first im also thinking that but when i observe the btc is mooning there is so many coins are also dumping so we can't say that

[traderethereum]

altcoin based price using bitcoin price but this is not for all of the altcoins because even if bitcoin moves to somewhere, there are any altcoin that is not getting an impact of bitcoin price. but we cannot deny that mostly, altcoin price based on bitcoin price especially for the coins which are the oldest coin and the expensive coin in the market like ethereum, dash, zec, monero and litecoin.

[tothanhtuan]

 People have been using TA for the past 6 months and have continued to change their stance based on another (cherry picked) graph they pulled some sort of image out of with a new prediction. Crypto is still too new in growth to use any indicator as a reference point.

[ClaimMBTC]

yes,when bitcoin price is falldown all altcoin price is decrease because all altcoin price depend on bitcoin price so this all based on bitcoin only and all happen in coin market.

[Xardasim]

Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down

Certainly, all coin's price based on Bitcoin. But this isn't a good thing, because when Bitcoin falls every market turns red.
For that developers should create altcoins which don't depend on Bitcoin or other things.

[O9NpJ9ld1opS]

Altcoins are always based on bitcoin. When bitcoin falls alts fall most of the times. When bitcoin goes up, in a bull market alts again falls. If it's a bear market like the present market, with pump in bitcoin price, alts also moves upwards. A stable BTC market is always good for alts.
  Bitcoin being the king literally effects all coins with its movement. It will be good if btc movements doesn't effect alts.

[Innerpumper]

It may just be. However, there are some altcoin who can go up even though the price of the bitcoin very down because they are supported by positive news and have no FUD in the altcoin.

[mriansa]

yes you are right altcoin price depends on the condition of bitcoin price, when bitcoin price rises then altcoin price also surely will become very expensive and when bitcoin price goes down also surely altcoin price will also fall to take advantage of such moment to buy coin as much as possible.