Altcoin price based on bitcoin price?

[pelipurlara]

of course the price of bitcoin will have an influence on the price of the altcoin, but the big influence on the change in the price of the altcoin is the interest of investors towards the altcoin

[traderethereum]

the altcoin will adjust their price with bitcoin price and if bitcoin price is down, the altcoin will decrease too so you need to check the altcoin price before you decide to buy the altcoin. as we see on the market, the altcoin now is down too deep because of bitcoin price is down too deep but I am sure that in one day, the altcoin and bitcoin price will increase again. so I think we need to use this opportunity to buy bitcoin and altcoin as the price is on the bottom price so we can expect to make a big profit in the future.

[mejalipat]

I think, altcoin prices are based on the price of bitcoin because I see that when the price of bitcoin goes down, almost all altcoins also have prices that go down and if the price of bitcoin goes up, it will be followed by the price of the altcoin which will also rise

[ThorWin]

Prior to 2018, altcoins were based on BTC prices, but altcoin prices are currently trending in a different direction, perhaps in line with market trends and project trends.

[Duogembrot]

yes you are right I think the condition of the altcoin price has a dependency on the condition of the price of bitcoin if the price of bitcoin has risen in price then the condition of the altcoin price will also rise and that is absolute.

[joromz1226]

That's not true where altcoins base on bitcoin price value, But the price of altcoin affects when bitcoin goes up but not all alts affect by it due to there are few of them also got increased while bitcoin increasing. Therefore, it is still depend on the volume market in the altcoins in my way of thinking of this things.

[caocuong]

Who can tell me about Bitcoin in the near future? buy $ 10,000 price down too much 

[gorodi]

of course the price of bitcoin will have an influence on the price of the altcoin, but the big influence on the change in the price of the altcoin is the interest of investors towards the altcoin

You need not be a crypto specialist to understand it. Just look at the graphs of the tokens. each time, when Bitcoin goes up, the altcoins start to follow it. When BTC is rolling down, the alts lose in their price.

[Grilkahm]

In the past few days I did not care about the market because I lost a lot of money when I invested. But I believe this market will soon recover and I will soon get back what I have lost. The current market is almost dependent on the price of the BTC I see so on CMC.

[Omega Weapon]

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

Since you need to buy bitcoin in the first place before you can buy altcoins then it's clear to anyone that has been in this market for a long time, that the market of altcoins moves very closely to the market of bitcoin, but there are differences and those small differences allow you to earn a lot of money if you are smart and know how to trade your coins at the right time.

[Mr.grin]

of course the price of bitcoin will have an influence on the price of the altcoin, but the big influence on the change in the price of the altcoin is the interest of investors towards the altcoin

You need not be a crypto specialist to understand it. Just look at the graphs of the tokens. each time, when Bitcoin goes up, the altcoins start to follow it. When BTC is rolling down, the alts lose in their price.

I think it all depends on the platform. but based on the experience I saw, most altcoin prices will decrease when the price of bitcoin drops. it's possible because bitcoin is the most popular crypto.

[Bonsaiav]

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

Not only this time the fall in altcoin prices often followed by falling bitcoin prices. Finally gave birth to a separate assumption especially from its users, that "Altcoin price is based on bitcoin price". This thing happens because bitcoin's often used, as a benchmark or indicator of development all cryptocurrency's circulating.

[shesheboy]

of course the price of bitcoin will have an influence on the price of the altcoin, but the big influence on the change in the price of the altcoin is the interest of investors towards the altcoin

You need not be a crypto specialist to understand it. Just look at the graphs of the tokens. each time, when Bitcoin goes up, the altcoins start to follow it. When BTC is rolling down, the alts lose in their price.

I think it all depends on the platform. but based on the experience I saw, most altcoin prices will decrease when the price of bitcoin drops. it's possible because bitcoin is the most popular crypto.

i think it is only a co incedent because based on my own observation i see that altcoins are more stable while btc is oftenly increasing and decreasing . altcoins value are also based on usd because whenever you check them on etherscan or etherplorer  , you can only see a calculated value of your alts/tokens in usd equivalent .  so thats it , altcoins are not totally based on the bitcoins price because both coins have thier own platform .

[tarpa07]

Sure. There is a strong relationship between them. You can take easy decision if you see this coin relationship. ALT and BTC ratio decrease if ALT coin value drops and if BTC coin value goes up. Same things just opposite ALT and BTC ratio increase if ALT coins value increase and BTC coins value decreases. If you watch market daily or read the history for all coins than it will be so clear to understand. 

[Ronaldcoin2017]

Sure. There is a strong relationship between them. You can take easy decision if you see this coin relationship. ALT and BTC ratio decrease if ALT coin value drops and if BTC coin value goes up. Same things just opposite ALT and BTC ratio increase if ALT coins value increase and BTC coins value decreases. If you watch market daily or read the history for all coins than it will be so clear to understand. 

I believe that altcoin price is always depending on th ebitcoin price. And we can all see it from the past few years. Bitcoin is really amazing it is the most popular and profitable coin and I believe that it is the center of the crypto market. So if bitcoin is falling the effect of it in altcoin and some other crypto coin is also a huge dip.

[Patient_Zero]

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

of course not so each product stands alone, even though at the time of bitcoin fell the price of atlcoin also fell it only evoked panic by market participants because all have their own potential, indeed while the price of bitcoin has always been a reference for altcoins but bitcoin cannot set it up altcoin drop.

[jaicos88]

I think yes, the price of bitcoin also affects the price of altcoins, because the growth of altcoin also depends on the increase in the price of bitcoin.

[imsotiredofmoviereboots]

Yes, and it is always the setup. Altcoins are like babies who are still trying to stand up on its own feet but in this kind of work takes a long time and it could takes before we ever start seeing some altcoins not based on bitcoin.

[marcbitcoins]

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

When Bitcoin price falls it should be the opportunity of the Altcoins to take over as they will have the opportunity to equal the Bitcoin market performance or the ambitious move to supersede Bitcoin someday may become possible to happen but what i have observed that Bitcoin performance will always create domino effect to the altcoins, its just like for better and worst or rise and fall the Altcoins price will always depend of Bitcoin performance.

[passeroutpass]

The price of altcoins depends on the price of bitcoin. However, the more popular is althoin, the less it is dependent on bitcoin.