Altcoin price based on bitcoin price?

[money_amount]

I think this is true.
Whenever the bitcoin price goes down, it almost pulls the entire market down under it. So I think bitcoin has great influence on the price of the altcoin coin.

[xsaints128]

The whole crypto market is mainly dominated by Bitcoin. As of now BTC dominance in the market has rose to 42.7%. So, it greatly affects the price of all the altcoins when BTC moves, be it up or down. When Bitcoin goes down the whole market crashes along with it and when it goes up all I can see is green everywhere in the market.

[gohan21]

I think this topic is right for margin trading because when bitcoin falls, The price of altcoins is also falling so I think just following all price of altcoins in bitcoin price.

[spartanrules]

Due to the fact that Bitcoin is a basic asset for almost all altcoins, the correlation between them is very large. While Bitcoin's dominance in the market will remain at the same high level, the trend will continue to exist. I think everything will change with the development of other basic and strong cryptocurrencies.

[stefany101]

Most altcoin's prices are depending on bitcoin's price if those altcoins are in bitcoin pairing markets but not all of them is depends on bitcoins, there are some that depends on ethereum's price.

[Jaci]

If you think altcoin price is related to bitcoin up and down but you thinking is not suitable because if you follow coinmarketcap you can see without bitcoin price growing too many altcoins growing. I see Dash coin when bitcoin going to down on that time dash coin was the green signal. so altcoin price is not based in bitcoin price.

[Kupid002]

If you think altcoin price is related to bitcoin up and down but you thinking is not suitable because if you follow coinmarketcap you can see without bitcoin price growing too many altcoins growing. I see Dash coin when bitcoin going to down on that time dash coin was the green signal. so altcoin price is not based in bitcoin price.

I believe on what i have to observe also that this ks actually depends on or this is affect the price too of bitcoin for what may ever have to happen also in altcoin , but even though it may happen for we should be always make some study before we judge for what we see is what we can actually believe.

[cryptoalfs76]

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

Actualy based on this instances theres are times that we considered that if theres something happen to the price value of bitcoin the altcoins could also been affected but not totally thats the all price of altcoins  is based on the price of bitcoin,but its true that once the bitcoins price is dump all altcoins is been caried away and vice versa will happen of its pump in the market,thats why i must define that bitcoin is the mainstream of  cryptocurrency investment

[Kate Beckett]

The relationship between bitcoin prices and most other crypto-currencies is direct. This means that with the growth of prices for bitcoin, prices for altcoins also increase, and vice versa. The most dependent on the bitcoin prices are the prices for Litecoin, DASH and Monero. However, to confirm that the prices of altcoins are completely based on the price of bitcoin is erroneous. There are always exceptions, such as, for example, Ripple.

[berfanaf]

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

You can see that over the last few years altcoin prices are on a bitcoin basis, bitcoin prices are rising and bitcoin prices are down, altcoin prices are down. It can be seen that bitcoin prices are in the down cycle in the long term and this will cause altcoin to keep falling very deep in the coming time so you need to be careful when trading altcoin.

That's right. Bitcoin is one ancient coin and its importance in the crypto market makes it almost an influencer for altcoins. This is what you notice whenever you look at the trends, when bitcoin either falls or rises the altcoins follow suit.

Bitcoin is the roots of crypto market and it has affects on people which make different perception is different times. When the value is down then we see negative perceptions and when it is fine and goes high then we see positive perceptions. So with these changing the other cryptocurrencies are also affecting little and this is due to thee same nature of cryptocurrencies.

[baricuri]

This is because most altcoin prices depend on the price of the BTC, when the BTC increases or decreases, the price of the altcoin is proportional to the BTC. I think coin prices are tight.

[Apes]

I think the bitcoin price will affect all coins including Altcoin .. and only slightly different but it remains influential and if the bitcoin price goes up, Altcoin and other coins will surely go up .. because bitcoin is the first coin in the world of crypto and the top coin among other coins and it will affect Altcoin and other coins ..

[DarkIT]

I think the bitcoin price will affect all coins including Altcoin .. and only slightly different but it remains influential and if the bitcoin price goes up, Altcoin and other coins will surely go up .. because bitcoin is the first coin in the world of crypto and the top coin among other coins and it will affect Altcoin and other coins ..

well, we can see it now. bitcoin prices are currently on the rise, I feel that soon this will have a significant effect on altcoin prices. I really believe bitcoin affects the price increase on altcoin.

[ArnoldChippy]

I think the bitcoin price will affect all coins including Altcoin .. and only slightly different but it remains influential and if the bitcoin price goes up, Altcoin and other coins will surely go up .. because bitcoin is the first coin in the world of crypto and the top coin among other coins and it will affect Altcoin and other coins ..

well, we can see it now. bitcoin prices are currently on the rise, I feel that soon this will have a significant effect on altcoin prices. I really believe bitcoin affects the price increase on altcoin.

If bitcoin price will start increasing its price then people will start investing money in bitcoin and will try to ignore altcoin, bitcoin is the best option for investment and once bitcoin price will get increasing its price then no doubt that the investors will taking more interest in bitcoin as compare to other altcoin.

[hacekd]

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

in fact the price of almost all altcoin pegged to bitcoin or arguably follow bitcoin price when bitcoin rise then will go up and when down it will come down because almost have same network.

[Finestream]

I think the bitcoin price will affect all coins including Altcoin .. and only slightly different but it remains influential and if the bitcoin price goes up, Altcoin and other coins will surely go up .. because bitcoin is the first coin in the world of crypto and the top coin among other coins and it will affect Altcoin and other coins ..

well, we can see it now. bitcoin prices are currently on the rise, I feel that soon this will have a significant effect on altcoin prices. I really believe bitcoin affects the price increase on altcoin.

I agree.I think there is really a special connection between the two cryptos.Although they have different potentials respectively,but when it comes to the price movement in the market,they both follow the same trend.When bitcoin starts to recover its price,we may expect that it will also give a positive effect on the side of the altcoins.

[wuvdoll]

Due to the fact that Bitcoin is a basic asset for almost all altcoins, the correlation between them is very large. While Bitcoin's dominance in the market will remain at the same high level, the trend will continue to exist. I think everything will change with the development of other basic and strong cryptocurrencies.

The correlation is simply because of how traders perceive the market generally. Altcoins are more like a pump and dump market and most times, since the perception has been like traders quick to dump altcoins for bitcoin in a case where they can move into fiat when bitcoin is going down, or simply get into bitcoin in a bull run, makes it impossible for the altcoins not to suffer from any serious huge movement from bitcoin like someone stated. This makes it more like the altcoins getting the hit most of the time based on bitcoin's movement.

[traderethereum]

I think the bitcoin price will affect all coins including Altcoin .. and only slightly different but it remains influential and if the bitcoin price goes up, Altcoin and other coins will surely go up .. because bitcoin is the first coin in the world of crypto and the top coin among other coins and it will affect Altcoin and other coins ..

yes, you are right but there are some of the altcoins that do not get the effect from bitcoin price. and if bitcoin price is up or down, this altcoin is just stayed in the price level and only up and down if there are many people wants to invest this coin. but for the other coins will follow wherever bitcoin price goes and will adjust their price with bitcoin price too. and it is because bitcoin is lead the altcoin in cryptocurrency world and bitcoin itself is moving because of supply and demand and the news is out there.

[enwi]

I think there is a connection between bitcoin and altcoin prices because I see if the bitcoin price drops then almost all altcoin will also have a falling price as well if bitcoin prices start to rise then altcoin prices will also rise

[Charloz24]

In general, in theory they are not related. But when the total market capitalization is growing, the prices go up in the same amount as bitcoin and altcoins.