Altcoin price based on bitcoin price?

[@baracitamon]

The price of altcoin is on the downswing trend, so the market is always a link, no coin can cross over and a big impact on Crypto. like BTC.

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[laravuemaster]

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 my own opinion, altcoins price is not exact based on bitcoins but most of the ico tokents today are based on ethereum which is tether to bitcoins and that is the reason why every cryptocurrency is affected when the price of bitcoins decreases in the market.

[Rustamm]

Yes, it is true. Basically, all kinds of crypto-currency are repeating the price movements of bitcoin. This is due to the high level of bitcoin capitalization compared to other types of crypto currency. The higher the level of bitcoin capitalization, the stronger its dominance over the rest of the crypto currency. Therefore, in order to ensure that this effect does not exist, bitcoin should not differ greatly in the level of capitalization over the altcoyins.

[Cryptogid]

Yes of a truth,the prices of altcoin,rises and fall as a result of Bitcoin,it still affects even etherium,bitcoin is indeed the  king of Cryptos..

[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

In my own opinion, altcoins price is not exact based on bitcoins but most of the ico tokents today are based on ethereum which is tether to bitcoins and that is the reason why every cryptocurrency is affected when the price of bitcoins decreases in the market.

some of the altcoin based their price with bitcoin and they watch the bitcoin price for the adjustment. as we can see in the market, many altcoins are getting down when bitcoin price is down and will follow to go up when bitcoin price is up too. this will always happen and it will like this in the future as long as bitcoin still leading the altcoin, altcoin will base their price with bitcoin unless there is a new technology that will better than bitcoin then maybe cryptocurrency will change to something new.

[ervinmadureri]

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 every move of the market at the moment is moving at the price of bitcoin, the price of the bitcoin adjusting affects the whole market of crypto. Bitcoin is the most valuable coin and the capitol of the drug altcoin runs out into bitcoin. I believe that at this point you should trade short and should not invest long term into bitcoin.

[Hold good]

This may be true . Whenever the bitcoin goes up, it almost pulls the entire market up along with it. So I see bitcoin has a great impact on this market.

[Ucy]

Cryptocurrency prices seem to rise and fall in synchrony. No one has been able to explain the phenomenon satisfactorily. It could be due to the combination of large number of whales and bots trading based on latest technical and fundamental infos.

[mozers]

Yes. The price of altcoin and bitcoin just depend on psychology of investors and traders. If the price of bitcoin fall down, they start scare, and keep sell own token. It leads to declining market prices.

[htconem7]

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 both the cypress market is moving in line with the bitcoin price adjustment, only a small bitcoin adjustment makes the market move very steeply, especially the price of altcoin. Bitcoin's share price is the biggest and bitcoin is also the coin of the highest value at the moment, the continuous decrease in bitcoin prices over the past few months has caused investors to start withdrawing from the market.

[cydrix]

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 all altcoins suffers from that and bitcoin do not have any connections in any altcoin there is. Falling of altcoin and Bitcoin are all coincidentally events and you should know better that every exchange or trading site has different pricing of every coins so maybe in other exchange you may gain more than  your previous site.

[atetess]

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,  sometimes the altcoin price goes higher when btc price increases.  It is the usual thing when the market are down altcoin currently follows the same flow.

[shone08]

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.

But not all altcoin are go to the flow of bitcoin their still few coin going up even bitcoin price are in falling down situation but in over all if bitcoin going down then altcoin go to flow at the same time I think because of btc pair in the market.

[Sinone]

Yes, it is. But every altcoin doesn't follow bitcoin trend. Some altcoins are very strong when the market goes deep, all coins follow the trend. But the universal truth in the crypto field, if you bitcoin goes down then the total crypto market means all coins will down too. So, overall, I can say altcoin price based on bitcoin price.

[Twinscoin2017]

Yes, it is. But every altcoin doesn't follow bitcoin trend. Some altcoins are very strong when the market goes deep, all coins follow the trend. But the universal truth in the crypto field, if you bitcoin goes down then the total crypto market means all coins will down too. So, overall, I can say altcoin price based on bitcoin price.

Yes I agree on that, altcoin price really depend on the bitcoin price, we can all see and experience this many times before, if bitcoin drop altcoin is also dropping. I believe that  that everything in crypto feild depends on the bitcoin because bitcoin is really the leading coin on the market place and the trust on bitcoin.

[ricardobs]

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.

Bitcoin is the main power of the crypto market which includes the Altcoin as well which is less valuable coin however price of many currencies or coins in the crypto market alters with the Bitcoin. It needs a mindset which is depending upon the market situations as we know that different market situations have different negative and positive perceptions so with these changes other currencies also affect a little.

[danpariseau1]

I think that is the general decline of electronic coins. No need to relate to each other because the entire market is down

[naidray]

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.

Totally dominated and we can say that is because with bitcoin being the first, it has more community of supporters than any other coin who are more like die-hard fans.

Most times, altcoins only do better with bitcoin in some sort of consolidation, but every other huge movement in bitcoin affects altcoin pretty badly and that for now is something we just have to keep dealing with until further notice probably when altcoins will be able to stand on their own, but for now, Bitcoin depicts the market movement.

[automaticmoney]

the whole altcoin industry is based on bitcoin until bitcoin prices increase altcoin prices too stay downtrend both the price movement are directly propotential until we see alternative currency which is directly proportional bitcoin is dominant in the industry

[muhammedayo1]

This will continue to happen as long as BTC dominance stays how it is or even higher , altcoins dependence on btc as its major trading pair is the factor responsible for this.

see the general chart on CMC to see how btc made alts to follow its graph pattern