Altcoin price based on bitcoin price?

[Mahanton]

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

this is what you see if bitcoin price is falling down and the altcoin will follow down too. I think this will always happen like this in the future and since altcoin is adjusted their price with bitcoin, altcoin can down too deep if bitcoin is down for more. people hold altcoin because they want to make more bitcoin, but suddenly, bitcoin is getting down and they cannot sell their altcoin because this will makes them getting lost. so they should hold for a while until the altcoin price increases back.

Yes,all altcoins is base on bitcoin because all altcoin is trade on bitcoin so that altcoin become a fiat money and the price also is depending on bitcoin if the bitcoin will goes down all altcoin will goes down and people like to goes down the price of bitcoin because all investors can buy in a low price in altcoin or bitcoin and get a good profit if the price will recover.

I wont argue on your own view but its not totally right if you do really look closely on whats happening on the market then you would really able to identify that not all altcoins would really depend or correlate with bitcoins price since there are coins which do able to rise up or pump when bitcoin price is on decline, not all coins are dependent on bitcoin already which they do have different market but when it comes to dominance on the entire cap then bitcoin would still always be on the lead and theres no doubt on that.,

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[Dimon8]

If you look at the history of changing the prices of bitcoins and altokones, you can trace the pattern in which the relationship is visible. Bitcoin is the basis of all crypto currency.

[posi]

Yes, in most cases the of altcoin based on bitcoin price cause altcoin are trades against bitcoin. Besides, bitcoin is the head and once the head is affected the area part of the body is also affected

[Choii]

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 notice that when i was a beginner here in our forum and also i read some article and thread that when the price of bitcoin fall the other coin or token also falling down and i think the reason why because they depend on what is the bitcoin price.

[longminh123]

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

There is always some direct and indirect correlation between the two. In the last year there was completely different scenario of the bitcoin and altcoins. In that case when BTC used to go upward then ALT used to come down. Because people had feeling that this is the time when BTC wil profit more and thus they immediately used to sell the ALT and trade it to the BTC. Thus BTC used to spike even further. Vice versa was also true about this pair.

However after the 2018 things have changed, they have got directly proportional to each other and whenever there is downfall of the BTC then there is downfall of the ALT and vice versa. Why it is so, its difficult to say.

It can be said that if Bitcoin increases then all in this market will increase and vice versa. I think this market still depends heavily on Bitcoin and we need to get rid of this. For me, all coins that need more USDT currency pairs will probably be better because when Bitcoin prices drop, all coins will not be affected much.

[KorakPawon]

Both have deflationary properties, with supply set steadily tapering up to the next few years so the price of both is almost the same in terms of not quantity but rising and falling prices.

[juragane]

yes you are right altcoin price depends on bitcoin price, when bitcoin price weakens then bitcoin price also weaken while if bitcoin price rise then altcoin price will also rise become very expensive.

[wantjokull]

Indirectly yes, directly no.

Each altcoin in the long run follows the order of development and thus depending upon which there are more or less investors that pops in. This gives the project different lead and then from there onwards altcoins starts getting the different prices.

What we see in the market on daily basis is just the ups and downs of the whole market capitalism thats causing them (BTC & LTC) to go up and down all the time.

Its not really related with BTC or ALT.

[traderethereum]

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

this is what you see if bitcoin price is falling down and the altcoin will follow down too. I think this will always happen like this in the future and since altcoin is adjusted their price with bitcoin, altcoin can down too deep if bitcoin is down for more. people hold altcoin because they want to make more bitcoin, but suddenly, bitcoin is getting down and they cannot sell their altcoin because this will makes them getting lost. so they should hold for a while until the altcoin price increases back.

Yes,all altcoins is base on bitcoin because all altcoin is trade on bitcoin so that altcoin become a fiat money and the price also is depending on bitcoin if the bitcoin will goes down all altcoin will goes down and people like to goes down the price of bitcoin because all investors can buy in a low price in altcoin or bitcoin and get a good profit if the price will recover.

I wont argue on your own view but its not totally right if you do really look closely on whats happening on the market then you would really able to identify that not all altcoins would really depend or correlate with bitcoins price since there are coins which do able to rise up or pump when bitcoin price is on decline, not all coins are dependent on bitcoin already which they do have different market but when it comes to dominance on the entire cap then bitcoin would still always be on the lead and theres no doubt on that.,

yes, what you're saying is true and I agree with you. and if we can see in the market, whenever bitcoin is down, there will be any altcoin that still increases and the price does not depend on bitcoin price. and usually, the trend of this coins is not correlated with bitcoin price and its changing by itself. I see the coins like this is available on bittrex and other exchanges and it is not adjusted with bitcoin price.

[Shadon24]

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

Should not be. But I also have seen that.
I am trying to monitor one altcoin and as I my history says it looks like what you have said.
Leaning with bitcoin. No stand alone price. How could that be.
I am guessing because of the exchange. If you look at CMC, you will see there are just three conversions. USD, BTC an ETH. It is like because of this converting thing that we see the altcoins getting more dumped.
But there are some which does not. So I guess it will be investor thing ot the day trade could be the culprit.

I do not think, however, also implicitly affect each other indirectly because if the bitcoin price is reduced then the price may also be the other can also increase but more or less affect the psychology of investors and do somewhat market fluctuations

[OMGyasuo]

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

Most altcoins are sold through btc and eth with a certain exchange rate, so it's natural that the price of btc decreases will affect the price of the altcoins, which will also reduce the price. In addition, investment in the altcoins is also through investment or otherwise buying btc firstly.

[mudasarali43]

Yes it is same as which you have observed, Bitcoin is a king and all other coins are working according to them If the unexpected movement will occur in the price of bitcoin than all other coins will be affected very badly and the price is going to the dark red zone in some time because bitcoin directly effect on it,

[binbim229]

Altcoin prices dropping as bitcoin prices decrease is fundamental. This is the process of cutting the investor's double hole: D

[marsmyname]

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 notice that when i was a beginner here in our forum and also i read some article and thread that when the price of bitcoin fall the other coin or token also falling down and i think the reason why because they depend on what is the bitcoin price.

To some extent, we can say that the market value of rest of the crypto coins which are there in the crypto market depends on the value of the bitcoin at any moment. The only reason behind this is that bitcoin is the backbone of the entire crypto market and that at time when the market value of the bitcoin rises higher, it encourages the investors to invest in other crypto coins as well which results in rise in their market value.

[ondabeat]

actually alt coin made "alt" which means besides something, make altcoin as an alternative coin from Bitcoin. But as there is no direct way to buy some alternative coins, Bitcoin and ETH also become tunnels or bridges to buy these coins.

[feelideb]

Bitcoin remain the most successful coin till date! Bitcoin network is mature, extensive and is working. Most altcoin are yet to find there footing and will still need to depend on bitcoin to carry them!

[rightway00372018]

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, the altcoins price is really depends on the market movement of bitcoins  once price of bitcoin fluctuate other coins will also follow.

[prtty2gal2]

Yes, if bitcoin falling down then altcoin follow the bitcoin step to go down. But, it is not for all altcoin. Most of altcoin can be impactful with bitcoin price.
And if bitcoin going up, it's the same situation for altcoin that will be falling down.

Altcoin price has own promotion while Bitcoin has its own promotion but as we know that both are cryptocurrencies and are the composition of this modern market, so if these two fluctuates the other cryptocurrencies will fluctuates and will affect each other.

In order to remove these affects Bitcoin and other coins are trying hard to remove all these affects. Change in Bitcoin does affect the Altcoin up to great extent but the market thinks the same about other cryptocurrencies if one is with some problem.

[mahvia]

Most of the investments and funding done into alts are through BTC (and LTC and ETH- but these got their first funding through BTC again)
But i predict when some alts get their fundamentals so steady they gain their independence and won't correlate with BTC so much anymore. And they independently start to fluctuate other alts

[kaya11]

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

Most of the alts are, Every major exchanges offers BTC pairs in each in every alts out there. Whenever BTC falls the alts follow and the worst case scenario is when BTC gets back to green alts do but in a slowly and irritating one. I only buy alts when it is in hype for trading and sell out when it has no more upcoming events.