Bitcoin price effect on Altcoin

[AAlex48]

The whole market correlates with the king of the crypto currency.Just something can change according to certain news.While the market in such a chaotic state will continue this dependence.It is necessary to develop the market as a whole in order to separate existing coins.The exchanges look hard for the difference in rates in order to avoid arbitrage.

[croptodic]

It's heard to judged by the ratio. But, Bitcoin is the most influensive crypto currency which has influence on the price of other coins including ethereum and different altcoins. If the price increases the price of altcoins also increases and vice-versa. This is why bitcoin is told to be the best among all crypto currencies.

[salinagomez]

I think bitcoins price effects on altcoins price. Ethereum follows bitcoins pricing strategy. Bitcoin is the market leader that’s why everyone follows them.

[MariaSerebrennikova]

The price of bitcoin undoubtedly affects the price of other cryptocurrencies, this is due to the fact that bitcoin currently has the largest capitalization of 39%.

[fly99]

I think that the closest Altcoin relationship is Ethereum! Most of them are attached to Ethereum, and Bitcoin is the earliest cryptocurrency. Its representation is even stronger!

[btcluisdiki]

I would agree, altcoins market usually had an impact regarding the price movement of btc. Every fluctuations of btc affects majority of the altcoins and that is what usually happens every now and then. Bitcoin and altcoins are correlated with the other wherein any price movement affects everything meaning they are directly proportional with each other. My thoughts.

[easybtcearn2017]

Bitcoin is the king crypto so its price will certainly have effect on other altcoins. And till now we have seen that when the price of bitcoin starts falling, the price of other coin also falls. So special care should be taken on the growth of bitcoin.

[harrypot]

Actually, the price of Bitcoin influences all other altcoin available in the market. Ethereum is also no different. The price of Ethereum always follows the price of Bitcoin.

[the rise]

Actually, the price of Bitcoin influences all other altcoin available in the market. Ethereum is also no different. The price of Ethereum always follows the price of Bitcoin.

This is because none of the altcoins dare to advance as bitcoin successors, they still do not seem to want to be on top with sophisticated, potentially more sophisticated system improvements, the risk of bitcoin is a very bad FUD every day. I'm sure some coins like ethereum are able to in a short time control the volume of crypto, but they do not seem to want for various reasons.

[Ludmilla_rose1995]

not all altcoins have an impact on BTC prices. to my knowledge only top 10 altcoins only. because when the price of BTC down / up is usually a lot of people switch to top 10 altcoins. so that's why the BTC price could impact the top 10 altcoins.
different with altcoin top 50+, BTC price will not have too much impact on altcoin top 50+.

[gilad215]

Bitcoin is a market mover. Fluctuations in bitcoin prices move the prices of other altcoins' price exponentially. Bitcoin has been in the market for quite a while now and the crytpo exchange is heavily affected by its price. If you observe the market keenly you will find out that dip in the altcoin prices is due to the negative value of bitcoin for that day.

[dragontigear]

Bitcoin is a market mover. Fluctuations in bitcoin prices move the prices of other altcoins' price exponentially. Bitcoin has been in the market for quite a while now and the crytpo exchange is heavily affected by its price. If you observe the market keenly you will find out that dip in the altcoin prices is due to the negative value of bitcoin for that day.

Yes its really true the movement of bitcoin in the market really affects the market price of ethereum, when bitcoin falls ethereum also losing
and when the bitcoin, ethereum is also rising.

[Urbanbypas]

All altcoins depend on the cost of bitcoin. Look at what's happening in the market right now. The bitcoin has fallen in price by 3% and there are no coins which has risen in price.

[whirlcoin]

Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?

There is no relation between the bitcoin and altcoins price but bitcoin price highly impacts the other crypto currency prices too.Because most of the people buying coins when the bitcoin increases the other coins also increase this shows that people uses bitcoin price as a sign of crypto investment.

[longwintershere]

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 altcoins generally related to bitcoin prices, because it's number 1. Suppose if Eth would have overcome bitcoin, then altcoins would be following the prices of ethereum imo.

[talkbitcoin]

Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?

There is no relation between the bitcoin and altcoins price but bitcoin price highly impacts the other crypto currency prices too.Because most of the people buying coins when the bitcoin increases the other coins also increase this shows that people uses bitcoin price as a sign of crypto investment.

if altcoins go down when bitcoin goes down, it means there IS a relation between bitcoin price and altcoin prices!
additionally the drop part is already proven multiple times. and we all know the dumps will happen right away as bitcoin drops but the rise part has never been proven. when bitcoin is in a bull mode and is rising there will be pumps in the altcoin market but it is never all over the market. instead in only a bunch of them at a time.

[noriksiayol]

I think there is no direct control of bitcoin to other crypto coin, but the relation are always there, however when bitcoin price down it will also affects to the status value of other crypto coins, because all altcoins are depending on bitcoin.

[LuchikSveta]

Bitcoin price effects all coins as it is the most valuable coin, it's a fact. So, it's natural that when bitcoin begins to fall then immediately falls the price of other altcoins, and vice versa

[whirlcoin]

Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?

There is no relation between the bitcoin and altcoins price but bitcoin price highly impacts the other crypto currency prices too.Because most of the people buying coins when the bitcoin increases the other coins also increase this shows that people uses bitcoin price as a sign of crypto investment.

if altcoins go down when bitcoin goes down, it means there IS a relation between bitcoin price and altcoin prices!
additionally the drop part is already proven multiple times. and we all know the dumps will happen right away as bitcoin drops but the rise part has never been proven. when bitcoin is in a bull mode and is rising there will be pumps in the altcoin market but it is never all over the market. instead in only a bunch of them at a time.

I want to meant that there is no direct relation between the prices of bitcoin and altcoin because the prices are determined by the demand of each coin at the current situation.But people are getting scared when the price of bitcoin falls and panoc selling results the other coins also to fall.

[alexzorgo]

The effect of the impact of the cost of bitcoin on the entire market of crypto currency exists uniquely. However, there is no clear correlation between the cost of bitcoin and the etherium in dollars. One can confidently say that the trend of altcoins will follow the trend of bitcoin. But how accurately he repeats it, it is difficult to predict. For example, some data on BTC/USD and ETH/USD (bitfinex):
Starting point - 11.28.17
BTC: 9895
ETH: 483
the ratio is 20.5

12.17.17
BTC: 19891 (+ 101%)
ETH: 709 (+ 46%)
the ratio is 28

01.13.18
BTC: 14580 (+ 47%)
ETH: 1354 (+ 180%)
the ratio is 10

04.01.18
BTC: 6544 (-34%)
ETH: 360 (-26%)
the ratio is 18

05.06.18
BTC: 9964 (+ 0.07%)
ETH: 838 (+ 73%)
the ratio is 11