Altcoin price based on bitcoin price?

[katuhakuh]

Yes, because all altcoins depend on changing the value of Bitcoin and that is one of the most important things Bitcoin uses to maintain the krytocurrancy currency. If an unexpected move will occur in the price of Bitcoin than all other coins will be greatly affected and the price will enter the zone.

[Metall303]

For short periods of time, young crypto currencies are more closely associated with the bitcoin course and are more dependent on it. As the popularity of altcoin increases, communication weakens. Altcoins have the same behavior with respect to bitcoin, in moments of significant news.

[puma25]

often altcoin is used as an instrument of multiplying bitcoin, and the relationship between them, depending on the popularity, at the moment all attention is tied to bitcoin and until it completes its logical conclusion, the domination does not decrease

[Iykecollins]

Crypto has a certain known characteristic, Bitcoin being more stable than altcoins and being the king determinant of what happens in the cryptospace whatever action that occurs in btc will have a multiple resultant effect on altcoins, that is why if btc adds 20%, some altcoins will add as much as 50%, and vice versa

[BitcoinTurk]

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 price is not entirely related to this, but since many altcoins are priced in Satoshi, we can say that every price movement indirectly reflects here. We can often encounter situations such as adverse reactions when there are very severe fluctuations, but we can see that there are intense changes in standard price fluctuations depending on the price of Bitcoin. In particular, it is possible to say that USD-based pricing is almost one-to-one followed and that different price fluctuations create similar effects.

[Limar0]

Yes, altcoins prices are based on bitcoin price but not all. Try to look at the market prices when bitcoin is down, most altcoins are down also but as what I have said not all. There are still altcoin that is continuously rising even if bitcoin price is down.

[Farma]

Yes, altcoins prices are based on bitcoin price but not all. Try to look at the market prices when bitcoin is down, most altcoins are down also but as what I have said not all. There are still altcoin that is continuously rising even if bitcoin price is down.

I don't think all altcoins depend on the price of bitcoin. well, I only know that what really affects the price of altcoin is ETH. well, you can see at this time that when the ETH price is down, a lot of altcoin prices are also decreasing.

[HAKHALI]

altcoins which doesn't have new development or news will be impacted directly by bitcoin price decreasing , but if they have ,they will not be  affected .strong coins which have strong projects can decrease the impact of this relation with bitcoin price in future .

[sirohige]

yes you are altcoin for now depending on the price of bitcoin, when the price movement of bitcoin has decreased then the price of altcoin will also fall and when the price of bitcoin is rising then the price of altcoin will also experience price increases.

[Maricurijohn]

Today, no coin price can be based on any coin, the price they develop in a trend is unpredictable, can see that the market is now increasingly degraded, the price of coins fell and many who gave up this market

[Jateng]

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 also do notice this thing and yes its true. Bitcoin is so dumped right now and most alts dumped too. But when bitcoin is so high like last year, alts also become high. I think one of the reason why it is depended is because bitcoin is a really powerful coin. Like example if the leader of the whole team become weak, the members become weak too.

[pieppiep]

I think that bitcoin prices and altcoin prices do seem to be interrelated because when the price of bitcoin goes up in price, the price of altcoin will also experience price increases, and vice versa because this altcoin will not dare to go beyond bitcoin price movements.

[tensports]

Yes price of bitcoin affects the prices of the most altcoins,if bitcoin falling down then altcoin follow the bitcoin step to go down,and i think it will be always happen in future since altcoin is adjusted their price with bitcoin

[buy_crypt_sell]

No, it is not. All cryptocurrencies have a value that depends on the state of the market and the mood of investors. This is the same situation as in the usual currency market.

[darkr]

I can not say that everything always depends on bitcoin , but in most cases , still depend, because it is a leading cryptocurrency.

Oh, the majority of the cryptos' prices always depend on the price of Bitcoin. Look at the market - all the tokens are following BTC, going up or down together with it. (sometime with time delay)

[DaryaCrypta]

Relatively depends. The probability that new cryptocurrencies will soon begin to catch up with Bitcoin itself is high. But, almost all of them will not "overtake" at the price of the top 10 crypto-currencies. They will be more interested in dumping and mastering "their" layer of the population with a lower income.

[Wish 107.5]

Yes price of bitcoin affects the prices of the most altcoins,if bitcoin falling down then altcoin follow the bitcoin step to go down,and i think it will be always happen in future since altcoin is adjusted their price with bitcoin

I think the price of bitcoin has a big impact to all of the cryptocurrency, since bitcoin is considered to be the king of cryptocurrency, it will have an effect to all coins whenever it gets high or low.

[Bhargurn]

Altcoins are always based on bitcoin. When bitcoin falls alts fall most of the times. When bitcoin goes up, in a bull market alts again falls. If it's a bear market like the present market, with pump in bitcoin price, alts also moves upwards. A stable BTC market is always good for alts.
  Bitcoin being the king literally effects all coins with its movement. It will be good if btc movements doesn't effect alts.

[NorihiroName]

Mostly yes, all altcoins in the current moment fully depend on BTC in my opinion, BTC is the deciding trend in current crypto reality.

[s.mahmood]

Most of the peoples of this fourm know cryptocurrency means bitcoin.As a result most are involving to bitcoin trading.This correct that if bitcoin price down the altcoins price is down too because another altcoins based on bitcoin.