Bitcoin price effect on Altcoin

[Yowlahe]

Bitcoin has an awesome impact on different altcoins. Bitcoin is the lord of crypto, where all altcoin relies upon bitcoin, wherever bitcoin moves, its present will be trailed by altcoin. Along these lines, when bitcoin diminishes, all altcoin additionally abatements, and the other way around. At times, this decay additionally negatively affects ICO which is ending up progressively hard to accomplish its business focuses for softcap, as the quantity of ICO asks for from speculators likewise diminishes.

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[Oliveir]

Bitcoin is a big magnet wherein money is small iron... Bitcoin attract most of the percentage of money that comes to the market and Bitcoin is the basis for Altcoin price and it does affect it grows in small portion.

[bittick]

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 is like the base and foundation of all altcoins, I'm saying this because almost all alts if not all are correlated to the price and movement of bitcoin. Every move of bitcoin, alts suffer. Bitcoin goes up, alts bleed, bitcoin goes down, alts bleed, bitcoin goes sideways, alts can breathe and move up.

That's right, sometimes the effect of bitcoin price movement to the altcoins is just unpredictable, people are expecting alt to go up when bitcoin go up but the reality now is that alts bleeding when bitcoin goes up, I guess it's all about the hype that altcoin have that make it certain about the market trend.

[xemkolp]

I Think yes, bitcoin cost dependably influences the altcoins costs on the grounds that the estimation of those altcoins dependably relies upon the cost of btc. Speculators dependably relies upon the cost of btc , so if the bitcoin cost is up, theres dependably a propensity that the altcoins has a tendency to go up moreover.

[minhchien9abandat]

of course, all of token are effected by Altcoin and bitcoin price. Example price token/eth go up but eth/usd price go down -> token price go down

[Teal Deer]

As for the ratio of the price of altcoins to BTC, then everything is very simple. BTC grows, altcoins grow as well. The cost of BTC falls, altcoins fall as well. To calculate what is observed between the proportion I think is very problematic. I think I need to be a super math genius. I think this is not the guys bother. And neither should you!

[thanhhoian2016]

I think the upcoming Alcoin will increase, it will lead to many new ICO born. I participated in Buddy's project and I'm excited to see the price increase

[MariaSerebrennikova]

During the time that I watch the crypto-market. The price of bitcoin greatly affects the price of altcoins. When bitcoin falls, after it falls and the entire market of altcoins.  And when we see its rapid growth, the price of altcoins also falls down, but when we see that the situation in the market is more or less stable, and the price of bitcoin is about the same level, the price of altcoins begins to grow!

[Sok Poho]

The effect of bitcoin price on altcoin I think is very influential, so if bitcoin price goes up of course altcoin price will follow and if bitcoin price decrease then altcoin price also come down. Bitcoin is king of all coins in electronic money market, and bitcoin can also manipulate the market. And it is very influential on altcoin.

[AmericanBit]

I think that it will, it had influence over market in the past, and I guess the tendency will continue.

[yohananaomi]

I think that it will, it had influence over market in the past, and I guess the tendency will continue.

difficult and very small to avoid it, however never and always will affect the market because all are based on them.

[MWesterweele]

I think that it will, it had influence over market in the past, and I guess the tendency will continue.

I guess there's a big influence for the Altcoin once the Bitcoin price is rise because when the price of Bitcoin goes up the price of Altcoin is also goes up, then if goes down its also goes down. Mostly of Altcoin have effect tot the price of Bitcoin, maybe because they want to beat Bitcoin but they cannot. But maybe that there's an Altcoin that cannot depend on Bitcoin price and have no effect once its goes down or up because there have own technology to follow.

[sudah_wisuda]

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 I think altcoin is potentially priced under bitcoin is ethereum, because I know that ethereum is coin with good and good prospects, and many people who admit it and many investors have invested in ethereum because they believe ethereum will succeed in one moment later.

yes, Altcoin potentially is ETH nothing else. ETH is a coin that has potential, profitable and also promising. many people invest in ETH coins because they are always very good growth. I am very sure if ETH will always be a great success.

[Dinchik]

As far as I know, all the altkoins depend on the bitcoin price. Watching the market, I think that the ether also.

[Bikers]

I think the price of altcoins is completely dependent on the price of bitcoin. The more expensive the main coin the more expensive and altcoins. If the price of bitcoin falls then the price of all cryptocurrencies falls too. I think that it is possible to navigate using a pair of bitcoin dollar.

[jerry29@]

Yeah sometime Bitcoin price drops the price of the alts too. It is not connected with each other but the people become afraid of the market. And start to withdraw thwir funds.

[Exforgant]

Bitcoin is the most popular digital currency, altcoins for the most part will set up what’s called a “trading pair” with Bitcoin or another much larger cryptocurrency. Therefore, relying on Bitcoin as the accepted form of payment.When Bitcoin’s market moves, everyone will start to trade out of or into alts, but via Bitcoin therefore resulting in a paralleled pattern between Bitcoin and many alt-coins.

[dimb]

Bitcoin is the first crypto currency. And until today it remains the most popular. He takes a leading position in the market. Therefore, it is not surprising that the price of many altcoins is focused on the price of bitcoin.

[frediiii]

In my belief that is due to the type of the coin. Take Litecoin, a smaller and more efficient bitcoin made to solve bitcoin’s problems. Where bitcoin can be used, litecoin, in theory, can be used better therefore they are  closely tied.

[Gromx]

The market situation is slightly different than last year.Markets are cyclical, and therefore events will be repeated one way or another. Previously, bitcoin grew, then there was a growth of altcoins and in the end bitcoin grew together with the altcoins .