Altcoin price based on bitcoin price?

[ivankoh]

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

Most altcoins are priced on the BTC, so when Bitcoin changes, altcoin fluctuates. So when trading with each other with ALT / BTC pairs, investors should pay attention to the value of BTC.

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[St4yInTh3D4rk]

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 can be a proof that crypto currency market how much depends on the bitcoin's growth.The prices falling because most people will get panic while the bitcoin prices falls and also withdraw their money from altcoins too.But all the crypto currencies prices depends on its supply and demand only.

[ahtsham90]

just take the example in this way if you buy something or any product for $10 in USA and if the value of dollar in the global market goes down your product value in other countries goes down as well because you bought it in ($). Same principle for trading BTC is used to buy other coins and their value is depend upon the BTC all the time

[breathlessz]

just take the example in this way if you buy something or any product for $10 in USA and if the value of dollar in the global market goes down your product value in other countries goes down as well because you bought it in ($). Same principle for trading BTC is used to buy other coins and their value is depend upon the BTC all the time

right, i think bitcoin is the same as the dollar in cryptocurrency trade, where the two are the basis for the other coins, and dollar is also basis of other currencies. so i guess the two are the safest

[Alkhalifi69]

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

indeed in these last months bitcoin prices and all altcoin have a very sharp decline. but in my opinion bitcoin price down does not have the same effect altcoin price drop in bitcoin prices can be influenced as much or at least the investors. the price of bitcoin can be caused by less its investors and also because there are negative issues about bitcoin.

[Dukjila]

Most altcoins are priced on the BTC, so when Bitcoin changes, altcoin fluctuates. So when trading with each other with ALT / BTC pairs, investors should pay attention to the value of BTC.

The cost of BTC can only indirectly affect the cost of alcoins. Provided that the total capitalization does not change, and the investment will only flow into another crypto currency.

[Rufsilf]

Bitcoin is the top coin that is being traded by most of crypto users, that's why the altcoins are depending on bitcoin's price. Its like you are knowing the price of a certain product from every country, and you'll get to know that the price is this from this country and this and this then you'll know the price that you should give it to yours.

[crazycatwoman03]

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

indeed in these last months bitcoin prices and all altcoin have a very sharp decline. but in my opinion bitcoin price down does not have the same effect altcoin price drop in bitcoin prices can be influenced as much or at least the investors. the price of bitcoin can be caused by less its investors and also because there are negative issues about bitcoin.

True, it may look like that when bitcoin price changes, the altcoin prices changes too but it doesn't work this way. Bitcoin prices only have an affect on altcoin prices, sometimes there are altcoins who would retain their good prices even if bitcoin is at dump giving the investors option whether to invest on it or not. Every digital coin is volatile and even if bitcoin is reigning as the number one crypto, price is still based on how a specific token is lose/gain investors in the market.

[yadwoa69]

It is not totally true that altcoins prices are depended on bitcoin, though bitcoin price movement can have effect on altcoins direction but altcoins derived it own price base on value of the coins.

[Best Dreams]

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

Most altcoins are priced on the BTC, so when Bitcoin changes, altcoin fluctuates. So when trading with each other with ALT / BTC pairs, investors should pay attention to the value of BTC.

It can be true because bitcoin is the first digital currency that was invented and still bitcoin is supporting other coins as when bitcoin rise in value people start thinking positive about all crypto currency and altcoins, so bitcoin is mother of all altcoins if bitcoin will be high and valuable the whole crypto world will remain high but if bitcoin will fall people won’t trust any crypto then so try to keep bitcoin at top.

[traderethereum]

we realize or not, but altcoin price still based on bitcoin price and until now, if bitcoin move to the higher price, the altcoin will follow increase and if bitcoin goes down, the altcoin following too. but this is not happening with all of the altcoins because there are some of the coins that are not depends on bitcoin price or bitcoin movements and they will move with their own especially the coins that have a cheap price.

[Torrenth]

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 do not know if bitcoin is directly related to altcoin, but bitcoin is always like a parent of altcoin, when bitcoin falls altcoin too always follow it.

[bocyaj]

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

Sometimes I had seen this. I don't know,it had a relationship and all.But it look like that.At this red zone,we can able to convert bitcoin into altcion . Because it will cause some loss.Like this situation,I will just hold my bitcoin.

[Gridness]

Probably not all tokens / coins are based on bitcoin prices, while bitcoin down altcoin is another price rise

[Rainbow009]

BTC is the pace setter, other coins tend to follow it's rise or fall.

[cahgantenx]

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

Bitcoin price is very influential on the price of altcoin because when Bitcoin prices decreased then coins such as altcoin will also decrease investors worry immediately sell their coins on the market

[GawirZZ]

I think this is true, altcoin prices always follow bitcoin prices but not vice versa, if altcoin down bitcoin does not come down. probably because bitcoin is the first crypto currency that many in use.

[Triffin]

It is not totally true that altcoins prices are depended on bitcoin, though bitcoin price movement can have effect on altcoins direction but altcoins derived it own price base on value of the coins.

In that case, all if have to say is just observe the market. Observe the fluctuations of bitcoin and look at its impact on the whole digital market. Let’s not get too far into the past and take the example of most recent bullish and bearish behaviour. In December 2017, when BTC touched 20k dollars, all altcoins were also on their highest values. Similarly, the whole digital market got red when BTC started declining.

[Shenzou]

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 that it is based on general investments in the whole cryptocurrency market, i think that whenever bitcoin goes up it raises the attention of investors who will go and invest in this market which will make the prices of other cryotocrrencies rise as well, this was the case last year when bitcoin was the thing that everyone talked about for a while and when ICOs launched they were successful and people invested a lot of them, because they realize how much money they can make from investing in cryptocurrency.

[CryptoMyatry]

I can't say it has direct link between Bitcoin Price & AltCoin Price.But Usually when Bitcoin Price Fell Down Alt coin fell Down huge price.
Like that When Bitcoin Price Up Alt Coins Price Up.