Bitcoin price effect on Altcoin

[Anita1873]

Bitcoin has a big effect on the prices of all altcoins, because always all altcoins following the direction of bitcoin. While this should not happen, there are mostly altcoins have real projects behind them, and the price of each altcoins should be depends on the quality and function of the project. But so far bitcoin is the main decision factor of whole crypto currencies.

[nguyenkhanhhung14]

Bitcoin price affect a lot to price of all other cryptocurrencies on the market even it's the best altcoin, ETH . Bitcoin is the first cryptocurrency in this world so all other cryptocurrencies created after Bitcoin always depend on price of Bitcoin, I think you guys also can see that almost altcoin also has pari ALT/BTC so price of altcoin will dump or pump when BTC price dump or pump

[amitkumratra]

The up & down price of Bitcoin gave big affects Ethereum and also the all other Altcoins. As you know Bitcoin is first coin of this crypto industry. He is the king and also the base currency of this crypto world. Where Bitcoin price goes, the 99% Altcoins go there. That's why the whole crypto coins depends on Bitcoin.

[Fasdartin]

The up & down price of Bitcoin gave big affects Ethereum and also the all other Altcoins. As you know Bitcoin is first coin of this crypto industry. He is the king and also the base currency of this crypto world. Where Bitcoin price goes, the 99% Altcoins go there. That's why the whole crypto coins depends on Bitcoin.

yes of course. its a big effect to all altcoin. any happened in bitcoin it will reflect to all altcoin. we all know that bitcoin is the first created cryptocurrency so that altcoin will be followed to a bitcoin. if the bitcoin goes down the other altcoin will goes down too if bitcoin increase all altcoin will increase too. specially to a ethereum because ethereum is a second large cryptocurrency and ethereum is next to a  bitcoin so whatever happened to bitcoin it will effect to all altcoin.

[capoklhok]

Of course bitcoin can affect all existing altcoin markets for now, because Bitcoin is the king of all current Coin, so I think it's all very influenced by Bitcoin, but for a while it's low then we can buy it so we can recover the price of alcoin later, We buy altcoin which at a very low price and then just save it to gain greater profits.

[Jr family]

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

Till now bitcoin price effect to all coins. Yeah all coins depends all btc price. BTC price is connected to outside issue. When there are FUDs from countries, influencers , BTC price will respons negative or positive quickly. Even ethereum will get effect from BTC price. Till now no coins that can stand alone to face BTC.

indeed for the price of Bitcoin is able to influence Altcoin. where with the price of Bitcoin increased rapidly, many who want to follow and move and choose Bitcoin. with this development able to make Altcoin fans down and divert Bitcoin.

[agorist13]

If you are talking about fiat price, altcoins generally follow bitcoin, but at a much slower rate when going up and a faster rate going down. If you are talking about alts v btc pairings, when bitcoin is moving up hard, alts generally go down or move sideways, when bitcoin is dumping, alts dump harder, when bitcoin is moving sideways, the altcoins market shines. There are always exceptions to the rule, but not many. Think of bitcoin and the huge storm that waters the altcoins crops.

[satria33]

Bitcoin is king in the electronic money market. There is no Altcoin that is independent of the value of Bitcoin.BTC has the power to manipulate the electronic money market. All Altcoin are affected by the price of Bitcoin and the Altcoin not value is proportional to the Bitcoin price.

[Powerpuff]

The coupling of the entire crypto ecosystem through USD-BTC exchanges has undoubtedly caused a ripple effect where alt coins are constricted to this pattern. The altcoin ecosystem exists within a bottleneck that struggles to develop independently from Bitcoin. Taking this perspective, it is little wonder that alt coins dance to the tune of Bitcoin because their very existence is reliant on the USD-BTC route to their doorstep.

[morganbonnie12]

to my knowledge Etereum follow the price of Bitcoin if I think Ethereum can not be separated from the influence of Bitcoin because Ethereum like silver and Bitcoin like gold.

[Mercedes1107]

Bitcoin certainly does have a massive effect on the majority of the altcoins so if Bitcoin sneezes all the rest of the coins catch a cold. Ethereum nearly always moves in the same direction as Bitcoin, most of the alts will follow but you will still find some that will move independently dependent on project milestones etc.

[haithomocduong]

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.

[LankaJay]

Yes. I think so. Because BTC is the coin that everyone knows and looking for. So the investors are looking at the price of the BTC to make their decisions about the Altcoins.

[honex2]

In most cases bitcoin price affects all altcoin because its mostly used as a gateway for them. Its only in special case you see a naltcoin go up when bitcoin is going down. Very few exchanges use altcoin as a gate way

[Meycell]

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

Till now bitcoin price effect to all coins. Yeah all coins depends all btc price. BTC price is connected to outside issue. When there are FUDs from countries, influencers , BTC price will respons negative or positive quickly. Even ethereum will get effect from BTC price. Till now no coins that can stand alone to face BTC.

with increased Bitcoin prices able to make its own advantages for Bitcoin. Bitcoin will be the arrival of many enthusiasts with high prices. so for the level of enthusiasts on Altcoin so decreased. therefore for the price of Bitcoin is able to affect the existing Altcoin.

[helin9108]

Bitcoin price movement effects all altcoins because Bitcoin is the common currency from which we can buy sell all coins, if you want to buy any coin you need Bitcoin and if you sell any coin you will get Bitcoin and you can convert it to fiat currently. So Bitcoin is the base of this crypto market. You can see when bitcoin down all coins also dumps heavy and Bitcoin pumps all altcoins also jumps. People sell their Bitcoins to buy altcoins and they buy bitcoin when altcoin sell.

[maunbot]

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 do not think it will help much because if both experience the same trend, then the fliktuasinya also will not happen in a much different time.

[SabrinaBianka]

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

Bitcoin price affected all alt coins, because will sell they alt coins and bought bitcoin and bitcoin sold to USD. So its all affected once the bitcoin price falls at low price. Better to do now is hold our coins and wait the market recovery.

[dodziu]

Till now, bitcoin price influence/affect all altcoin in crypto irrespective of how potential or stable they are. If the price is high, the price of altcoin will also be high but if otherwise, it will also be the same for altcoin because bitcoin controls the price of altcoin.

[TomInVa57]

in the cryptocurrency market, every little thing is interconnected and important. I think that you need to fully study the entire market in order to make significant conclusions about this