Bitcoin price effect on Altcoin

[Gyromancer]

Yeaah right what do you say if this bitcoin price still affects the price of other crypto currencies. Bitcoin is still the leader of crypto currencies so the biggest control role is in bitcoin. Bitcoin is the one that gets the most attention. If bitcoin is destroyed then there is no trust in other crypto currencies because the king is destroyed what about his followers. When talking about crypto currencies the first known is bitcoin. The price of this bitcoin will be followed by the price of other crypto currencies whether the price goes up or actually decreases. Bitcoin is very influential because the highest public trust is in bitcoin. The highest popularity is also still held by bitcoin.

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[Abdullah.dhariwal]

All altcoin inculding ETH depends upon bitcoin price movement. BItcoin have influence to drive market according to itself.

[Turkish88]

Peoples usually comes to the crypto trough bitcoin.
If new peoples invest in crypto then rise btc price.
the when peoples buy for btc altcoins price rise up and vice versa

[nwosuchristabe2]

The price of Bitcoin has an effect on altcoin due to the dominance of Bitcoin in the cryptocurrency space. In fact, Bitcoin holds over 45 percent of the coin market cap. Bitcoin has great impact on the market and could influence the price of other cryptocurrencies.

[Psalms23]

Im not really sure bit I think all cryptocurrency including ethereum are all depending their price on bitcoin. If bitcoin falls hard, then all crypto could also fall hard including ethereum. Sometimes also, when bitcoin rises, altcoins can still drop.

[raptorez]

The influence of the BTC price on everything else has a very serious effect on altcoins because all these cataclysms actually depend only on the fact that now it is the price of bitcoin that sets the market movement.

[Lubang Bawah]

The price of Bitcoin has an effect on altcoin due to the dominance of Bitcoin in the cryptocurrency space. In fact, Bitcoin holds over 45 percent of the coin market cap. Bitcoin has great impact on the market and could influence the price of other cryptocurrencies.

Bitcoin is the parent of altcoins, everyone knows the price of altcoins with the size of the number of bitcoins, for example 5k satoshi, 1 million satoshi and so on, this is what makes when bitcoin prices drop, altcoins prices also decrease.

[caoboinhacso]

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

No, this two ratio is completely different. The price of Bitcoin will affect to whole market. When BTC's price decrease, ETH will also decrease but USDT will increase

[b1marlin]

ALTS / BTC in the market.
If this is the thing then yeas, BTC affect the price of alts.
Alternative coins/tokens have depend their value in the market in exchange of BTC.
therefore if BTC goes up their dollar value also rise.

[maiconsr63]

They can affect together because of same effects of the market.

[fumblingperch]

The price of Bitcoin affects the entire cryptocurrency market. All altcoins and Ethereum also depend on Bitcoin, as Bitcoin is the leader in capitalization.

[classictee]

Judging from/by how price has been moving (up and down)  you will realised that when ever price of bitcoin change it always have significant changes on all other coin.

[Herostorm]

BTC is the decisive determinant of all in the cryptographic market. If you are a savvy person, just hold the BTC they will make a profit for you without having to choose any other coin.

[vual]

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

Just about all altcoins tend to be associated with one another, however, they all are results via bitcoin or even ethereum. A lot in the event that all of us begin to see the bitcoin presently slipping along with really low hrgaa, after that a few of the chosen cash will even begin increasing yet others may drop as well. Just about all altcoin carry out information through bitcoin or even ethereum as well as transform all of them within bitcoin or even ethereum. Bitcoin includes a powerful worth.

[lestariptr]

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

As far as I know, ethereum prices always follow the movement of bitcoin prices. Because ethereum is based on bitcoin I think. So if bitcoin increases then the ethreum is like that. I think not only ethereum, but other altcoins like that.

[coinhunt]

If depends. Some of Bitcoin forks have functions that Bitcoin doesn't have. For example, Dash has implemented a two-level system with Masternodes, enabling fast transactions and a built-in mixer. ZCash has added anonymous payments, implementing a zero knowledge proof protocol. Bitcoin affects all other coins, but additional features may value more.

[oxidoreductase]

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

Since the Bitcoin is the pioneer of all coins, the price drop of bitcoin affects the price of every altcoins. That's why when the bitcoin price goes down, the price of altcoins goes down also.

[dgoswami12]

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

All altcoins price are directly or undirectly depends upon Bitcoin value. Bitcoin is the mother currency of all. If you find bitcoin in red mostly all alts are in red also and the reverse is also true. But when some whales try to manipulate market , a certain coin price can increase and decrease dramatically.

[Tejas05]

Bitcoin has a strong influence on Altcoins. But the recent rally Bitcoin had did not reflect much on Ethereum. So it is kind of difficult to say how much it effects Altcoins, but it does effect them to a certain extent.

[Winner]

Bitcoin has a strong influence on Altcoins. But the recent rally Bitcoin had did not reflect much on Ethereum. So it is kind of difficulty say how much it effects Altcoins, but it does effect them to a certain extent.

Bitcoin should leave a positive effect on most coins that are listed because it was the very first coin to be built.