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hdtqisg
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July 05, 2018, 10:22:27 AM |
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Currently, the price of Bitcoin dominates most of the altcoin! Since most altcoins use bitcoin to determine the value, when bitcoin prices fluctuate, altcoin prices and tokens will fluctuate over a certain time period!
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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novita_gendut
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July 05, 2018, 11:03:25 AM |
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Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
the effect of bitcoin on altcoin is that I think it's common because altcoin also follows the bitcoin movement and so the bitcoin effect on bitcoin is common because altcoin also needs bitcoin and Bitcoin also cannot be far from altcoin and need each other |
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tintin16
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July 05, 2018, 11:08:53 AM |
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yes,bitcoins affect all the altcoins because all coins are depend on bitcoins when bitcoin down all altcois is also down.
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hcoin01
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July 05, 2018, 11:14:22 AM |
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Bitcoin Crypto is the most valuable coin in the money world.
Digital money has become very popular thanks to Bitcoin. The decline in bitcoin prices affects the entire stock market.
Bitcoin is the most valuable and most popular coin.
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iqlimasyadiqa
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July 05, 2018, 11:23:54 AM |
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Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
The effect of bitcoin is enormous because Bitcoin remains the main coin with a huge market share. Bitcoin price movement will greatly affect the condition of the price of Altcoin. we all can see that when the price of Bitcoin decreases then Altcoin price will also decrease. It's like a continuity that is created in the world of digital currency. This ever-present situation is typical and we can not compare Bitcoin's strength with Altcoin. Bitcoin is too superior and anything that happens to Bitcoin will have an impact on Altcoin as well. |
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CADguy
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July 05, 2018, 11:40:28 AM |
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yes, of course the prices of altcoins depend on the price of bitcoin: when it falls, the price of altcoins and the top ten also falls. bitcoin as a leader sets the direction for other altcoins.
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Emilyp
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July 05, 2018, 04:49:26 PM |
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I haven't been able to understand the rationale behind the price effect of bitcoin on other cryptocurrencies. But I believe one of the reasons is that since the altcoins trade against Bitcoin, every price movement of Bitcoin will indirectly affect altcoins movement too.
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platinov_and
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SPOKKZ
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July 05, 2018, 06:07:38 PM |
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This year the whole market follows Bitcoin price. There're only few coins that continue to be stable or grow even when BTC falls. When BTC domination grows then most of altcoins fall while BTC continues to grow.
Yes, you are right this year, really a lot of altcoins depend on the price of bitcoin. I would like to know the names of those coins that grow when the bitcoin falls. |
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Aidah Salimah
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July 05, 2018, 07:14:29 PM |
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I haven't been able to understand the rationale behind the price effect of bitcoin on other cryptocurrencies. But I believe one of the reasons is that since the altcoins trade against Bitcoin, every price movement of Bitcoin will indirectly affect altcoins movement too.
I also do not understand what the effects of the effects of the bitcoin price on altcoin are because I know altcoin follows the rising prices of bitcoin either up or down, so I think the effects of bitcoin will affect the market price of the crypto even though not all coins will follow the development of bitcoin. |
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BitkoinJonny
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July 05, 2018, 07:17:19 PM |
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I think everybody knows that price of BTC influate on Altcoins price. You can see it if you open coinmarketcap for example.
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iamsediii
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July 05, 2018, 07:22:04 PM |
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Yes ofcourse. All price of Alts are depends on Bitcoin price and this is proven till now.
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adolf512
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July 05, 2018, 07:25:48 PM |
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There are exceptions, and some coins, even in such a period of market decline - artificially inflate the price, but the general trend does show that the prices of altcoins depend on the price of bitcoin.
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Altryist
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July 05, 2018, 07:26:05 PM |
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Bitcoin literally controls the entire crypto currency market, I have not noticed such a strong dependence before, but the last year I can say with confidence that bitcoin indicates the trend in the market, everything depends entirely on its growth or fall.
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Bronenosec
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July 05, 2018, 07:35:16 PM |
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Most altcoins follow bitcoin, when the price of bitcoin falling,the price of altcoin are falling too.
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elloco4ever
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July 05, 2018, 07:37:38 PM |
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Most altcoins follow bitcoin, when the price of bitcoin falling,the price of altcoin are falling too.
Yes that's true but there are some alts like ethreum which does not get affected to the core like other coins when the value fluctuates for bitcoin as we have seen this at the beginning of this year but the other alts are completely dependent on but coin during the rise and fall. |
Am I spamming? Report me!
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Argoo
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#SWGT PRE-SALE IS LIVE
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July 05, 2018, 07:43:46 PM |
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Now, unfortunately, there is a direct relationship between the price of bitcoin and the price of the rest of the crypto currency. Altcoins are forced to repeat the price movements of altcoyins. This price dominance of bitcoin is due to its relatively high level of capitalization compared to the total capitalization of crypto currency. Such an effect can disappear only when bitcoin in terms of capitalization level is not very different from the rest of the crypto currency.
I would like to see free pricing in the crypto currency market.
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vidam
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July 05, 2018, 08:03:36 PM |
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I think bitcoin has a big impact on the cost of altcoins. The main part of trading altcoins to bitcoin. And bitcoin takes 40% of the market. When the market is bearish investors prefer to sell altcoins and stay in bitcoin.
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An0nyMoose
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July 05, 2018, 08:04:04 PM |
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Bitcoin price has a great effect on the price of other coins due to the pairings between these altcoins and bitcoin. So when the volume of bitcoin that is being bought is low, then that would mean that there is less volume of bitcoin going into other coins to trade in them. When the price of bitcoin falls, then the price of all of the other coins fall accordingly with it
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rasp
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July 05, 2018, 08:29:56 PM |
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Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
If you analyze the charts you will see that ALL altcoins follow the behavior of bitcoin with minor discrepancies. So logically if BTC/USD value decreases, the same will happen with ETH and other coins and ETH/BTC ratio will be almost the same. |
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darkr
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July 07, 2018, 10:53:48 AM |
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Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
I think that all coins at the top 10 of the market follow each others . To be more distinctive altcoins follow Bitcoin. This is main tendency. With this point of viev you can chose any coin. |
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