Altcoin price based on bitcoin price?

[logan16j]

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 the market is fluctuating at bitcoin prices, only a small adjustment of bitcoin prices can cause the market fluctuations.

If bitcoin increases then the altcoin price can recover and if the bitcoin price decreases then the market will decrease accordingly. You can see that clearly when the price of bitcoin fell sharply from the $ 19800 threshold and since then to the moment the market is seriously reduced.

[Rana590]

Obviously. The price of the altcoins are depending on bitcoin. If the price goes down then price of altcoin also gets down. There is a connection of them directly or indirectly.

[TopT3ns]

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

sometime they're related, but in past when bitcoin price down altcoin price rise a lot, maybe because people can buy bitcoin with their fiat and then buy altcoin so it can make altcoin price increased. but now everything got different

[tatum506]

When I was still very new in it, I couldn't notice anything about it but now I have also noticed that when the price of bitcoin falls, it drops the prices of bitcoin. For the increase of bitcoin, I do not think it affects altcoin so much like it is for decrease.

I believe that if you join the crypto market a few years ago, you may find that the price of bitcoin is down, the price of altcoin is not likely to decrease and may increase, but in the current time in the first half of 2018 Bitcoin prices are likely to fall sharply, and the market capitalization will fall sharply. I believe that at this time, things are very much influenced by bitcoin prices and only a small fluctuation can cause altcoin prices to fall sharply.

[watchurstep45]

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 alternative coins not basd on bitcoin price, slightly there are factors that bitcoins can affect the prices of bitcoin. when pairing to btc if the btc price is low there is posibility that the altcoin comparing price is low.

[BaraxLo]

I don't really understand how the altcoins rate can be tied to the bitcoin rate? They have different blockchain,different owners,different goals...However,we see altcoins falling with bitcoin or growing with it. I'm confused...

I think it is just because the Bitcoin holds a huge share in the crypto market and it can be thought of as monopoly vs. a small firm. If the large firm decreases the prices, people will shift to the large firm and the small firm will not be able to set as much costumers as before nor would they be able to lower the prices below their marginal cost. Having said this we are in a position to say that Bitcoin moves the market and has an influence on the rest of the crypto currencies.

[linesretweetG]

We exchange most of the cryptos with BTC.
That's the main reason of why they are price-linked.
A good move could be open every altcoins market with FIAT conversion.

[Bitcotalk]

Of course I can say that all alternative coils price or based on bitcoin price, because if Bitcoin is the first currency, so all the other currencies are aligning their price with it

Actually Bitcoin is the main cryptocurrency due to which crypto market started and this is the whole image of the crypto market if any change occurs in the Bitcoin it affects the other cryptocurrencies. if the market value increases and makes better image then the other cryptocurrencies will also get better with it. On the other hand it affects conversely if the Bitcoin value decreases.

[Ranly123]

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 no evidence about the claim that altcoins are basing there price to Bitcoin. Maybe a coincidence that both parties have the same movement in the market when it comes to pricing.

[chikading2016]

Of course I can say that all alternative coils price or based on bitcoin price, because if Bitcoin is the first currency, so all the other currencies are aligning their price with it

Actually Bitcoin is the main cryptocurrency due to which crypto market started and this is the whole image of the crypto market if any change occurs in the Bitcoin it affects the other cryptocurrencies. if the market value increases and makes better image then the other cryptocurrencies will also get better with it. On the other hand it affects conversely if the Bitcoin value decreases.

Yes i strongly agree on that. Bitcoin is the main point of the crypto feild and if the bitcoin drops all kinds of coin in the market will also drop and we are really experiencing this kinds of dropping at this present time and we all see that the bitcoin price drop same with altcoin so that was really a big evidence that bitcoin price really effect everything on the field of cryptocurrency.

[kevpantof]

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

This can be said in the sense if you look at the market portion captured by Bitcoin; it is far more than that held by altcoin. Also the market cap matters a lot. Having said that, we can say any movement in the Bitcoin market can also affect the other crypto in the market. With the passage of time, as the prices appreciates for Bitcoin, the remaining crypto will follow.

[Grayy]

Most crypto pairings are done against BTC and ETH. To know the value of your tokens when you're selling it you are likely to convert it to BTC or ETH. This makes altcoins quite dependent on BTC.

[XCANA]

All altcoins are dependent on Bitcoin value change and that is one of the most important thing that Bitcoin use in maintaining top number one crypto currency in the crypto currency community.

[hungsanh2512]

All altcoins are dependent on Bitcoin value change and that is one of the most important thing that Bitcoin use in maintaining top number one crypto currency in the crypto currency community.

I agree with your opinion but besides at, a few altcoins still increase while bitcoin is going down . The altcoins are influenced by many factors not only depending on bitcoin.

[traderethereum]

All altcoins are dependent on Bitcoin value change and that is one of the most important thing that Bitcoin use in maintaining top number one crypto currency in the crypto currency community.

I agree with your opinion but besides at, a few altcoins still increase while bitcoin is going down . The altcoins are influenced by many factors not only depending on bitcoin.

only some altcoin that can do this and the rest still getting down if bitcoin is going down. bitcoin still be used as the adjustment price for every altcoin and the altcoin like or not will follow to wherever bitcoin goes and still behind of bitcoin. there are many people that will sell their altcoin if bitcoin is down because they think that the altcoin that they have will get down too far so they don't want to get more losses. they think that it is better to hold bitcoin than altcoin because their losses will not bigger if they not hold the altcoin.

[holtzmann]

You know I noticed the same thing. And probably it will sound a bit ridiculous but I think it's because of the fact that the bitcoin is the first crypto of its kind. Therefore it influences the altcoins as a 'parent'. But please, don’t judge me too hard

[giarised]

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.

AS far as I understand, this is just because of the share of the market held by Bitcoin which has actually enabled Bitcoin to take and carry the market with its self when there is price appreciation. Also the rise in the prices of Bitcoin gives the general perception that the prices of the other currencies having low worth will also go up as a result of which people invest in them as well which actually pushes the price up.

[liseff3]

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

At first, I think that altcoin prices are heavily dependent on bitcoin, but the fact is not, altcoin and bitcoin have similar properties, namely supply and demand. The amount of supply and demand depends on the activities of each community, both bitcoin nor altcoin communities. So basically, the price of cryptocurrency's largely determined by most of its users.

[ohkkstaaahp]

Not so, the current BTC price is not the king of the market, maybe some other altcoin going upstream with the BTC price.

[anitaraymonds]

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

That is exactly what is happening. It is true because all altcoins are created with some characteristics of bitcoin. Bitcoin is the lead coins so there is no how bitcoin will be affected without the altcoins not touched.