Altcoin price based on bitcoin price?

[ballerin and giroud]

Bitcoin's price movement generally affects altcoin prices. Especally now increase of alts value is highly correlated with the increase of BTC.

If you look at the current price movement, then your opinion is very much blamed. The bitcoin price rises by itself is not accompanied by some altcoin. Bitcoin prices rise due to information about ETFs and make significant price increases.

[Elmer1]

yes you are true altcoin price actually would not dare to be much different from bitcoin price aritinya altcoin price movement will be based on bitcoin price, if bitcoin rise then altcoin price will also rise whereas if bitcoin down then altcoin also will decrease. Naturally, the altcoin price depends on the bitcoin price because bitcoin is the price that has become the benchmark for all existing cryptocurrencies, with bitcoin price movement can also determine the condition of altcoin that will occur.

[novaprime]

naturally, the altcoin price depends on the bitcoin price because bitcoin is the price that has become the benchmark for all existing cryptocurrencies, with bitcoin price movement can also determine the condition of altcoin that will occur.

Bitcoin is the king of Cryptocurrency and all information related to Bitcoin will also be related to altcoins. I think more and more good news to Bitcoin will increase market capitalization, which will help the market attract more new investors and the war in this market will become more attractive if people Have faith in this market

[chibimanau]

Bitcoin is the first and best currency, it has the greatest impact. Although Bitcoin and altcoins do not correlate directly, I think it is indirect. Whenever there is a fluctuation in the Bitcoin market, the altcoin immediately tends to follow. That means that when Bitcoin prices drop, prices for altcoins will tend to decrease and vice versa.

[lelahkenabanned]

yes you are right I think the altcoin price is according to the bitcoin price movement, when the bitcoin price rises then the altcoin price will also rise and when the bitcoin decreases then the altcoin price will also decrease.

[pinkliar]

yes you are right I think the altcoin price is according to the bitcoin price movement, when the bitcoin price rises then the altcoin price will also rise and when the bitcoin decreases then the altcoin price will also decrease.

Not really. As you see bitcoin price now are slowly increasing but the altcoin I have is not, I just notice that since I see my altcoin butbi didn't say all. Sometimes when bitcoin price increase altcoin will also follow but this is not always happen.

[BitWindmill]

As reality shows it is not always so. Currently BTC has a strong position, but alts don't do so. So rules of the market change with time.

[Bunsomjelican]

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 that's right, most of the time when Bitcoin goes up majority of the altcoins in the market goes down only few of them that are potentials are

also rising their value like Ethereum, and more But when Bitcoin goes down most of the altcoins goes up in my observation in this industry.

[topex.io]

Much depends on the trend, the market is always different. A lot of trading and noticing various combinations of growth and fall come to the conclusion what strategy to choose. The price of all tokens is largely dependent on ETH and altcoins from bitcoin!

[speedy1987]

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 man i am also seeing if bitcoin price falling down other altcoin price dropped. I dont know what is the exact reason for this. But i have huge hope on bitcoin other than altcoins. Bitcoin always king of cryptomarket.

[UnusualMouse]

In general, this trend is. But many coins grow by themselves, when bitcoin falls their price does not grow as fast or falls a little. I do not know about you, but I'm a little tired of this situation. I am waiting for new top crypto. And also hope than scam ICO will cease to hinder the development of real projects. Maybe Menlo.one will make it real.

[TheGreatPython]

As reality shows it is not always so. Currently BTC has a strong position, but alts don't do so. So rules of the market change with time.

That is right. The market for one coin is not always affected by the other coin and in my opinion, since the price of Bitcoin is on the rise in the current market right now, and is above the $8000 value, there are no big fluctuations in altcoin but eventually altcoin will catch-up with trend. This is because Bitcoin holds a large portion of the market and can affect the remaining coins in one way or the other.

[Morgann]

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 it is, those altcoins that is being released in the market today has a base price of ethereum which is tether to bitcoins and that is the reason why every coin in the market is affected when bitcoins is dumping.

[TonyFat]

Of course, very many coins depend on bitcoin, but there are coins with the product and technology and when all the coins fall they show growth

[africa34]

Yes, definitely altcoin price based on bitcoin price, the most of altcoins are traded for Bitcoin ALT/BTC which means you can buy or sell them using bitcoin if the Bitcoin price increase up you can usually observe the same move in regard to the other altcoin price.

[almaroof]

Btc is the father of all Crypto assets. The prices of all alt will forever depend on Bitcoin.

[klasik1980]

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 most of altcoins are traded for Bitcoin, which means you can only buy them (or sell) using Bitcoin. If the Bitcoin price drops down you can usually observe the same move in regard to the altcoin price chart. Also altcoins are (usually) crypto currencies. Therefore alt’s prices will react the same way as Bitcoin in case of government regulations (or macroeconomic factors) concerning crypto currencies.

[ghost14k]

Since my days of cryptocurrency trading bitcoin dictates the price of altcoin. Bitcoin is the first cryptocurrency before any other altcoins was created. It have the most dominance and controls the cryptocurrency market. Where there is rise in bitcoin, altcoins bleed and when bitcoin falls in price altcoins also bleeds. If you follow bitcoin chart you will notice thats altcoins follows the pattern of its chart. Altcoins only increases when bitcoin maintains and halts its movement.

[Shinpako09]

Maybe because what btc moves is the same with altcoins. Btc is the king and they are under so for most of the time their movement is depend on how btc will move. Of course if you're an altcoin trader, you may want to based your next moved according to the move of King.

[gayan7788]

now is BTC price depend altcoin BTC is a move in not up altcoin I think a great time to buy altcoin