Bitcoin price effect on Altcoin

[Pujangga]

It can be said that the influence of bitcoin is too strong to be a measure of the price of all altcoins, when the price of bitcoin rises then the value of altcoins also rises and vice versa, in my opinion this must be overcome immediately, too dependent on bitcoin certainly makes things that are not good.

[Bolabi]

Investors always depend on btc prices, so if the price of bitcoin rises, there is always a tendency that altcoins tend to rise too.
I think yes, the price of bitcoin always affects altcoin prices because their altcoin values always depend on the price of btc

[V0ldemar]

Bitcoin has always been directly related to prices for other cryptocurrencies. He sets the direction of the market. If Bitcoin falls in price - then the whole market goes after him. There are of course exceptions when some strong altcoins show growth even when the market falls.

[ningrum]

Undoubtedly there is a connection between bitcoin and all other crypto currencies and if bitcoin fails, all alternative coins will also lose value. Assuming that some altcoyin will begin to live independently of bitcoin is very difficult.

I believe that currently altcoins are still dependent on bitcoin. because bitcoin is a coin that is still leading in the future. so we don't be surprised by the development of altcoins today, because altcoin is almost influenced by bitcoin.

[nacareng]

In my opinion, Bitcoin clearly has a big influence on the majority of altcoins so that if Bitcoin decreases in price. Ethereum almost always moves in the same direction as Bitcoin, most of the alts will follow but in any case, the price of Bitcoin directly affects the entire cryptocurrency market.

[CutieDuck]

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

Absolutely btc give big effect for altcoins, at the fact you can see and compare in the coinmarketcap that show the price of btc and most of altcoins. In my observation, when the price of btc increase it will effect to the price of most of altcoins which is increase too. And of the value of btc decrease it will effect to altcoins's price that will decrease too. Like today that btc just reach $6,313 per coin and eth decrease too that reach $191 per coin, so do to most of altcoins price that enter the red zone.

[letsfly]

Bitcoin price effect on altcoins is directly proportional. When bitcoin goes down, a lot of altcoins will bleed as well and goes when bitcoin also goes up. Bitcoin is the bases of crypto market so thats why.

[jakiro.hovard]

Of course the influence of bitcoin is very strongly felt especially when bitcoin falls and makes very rapid fluctuations, it proves many times that in fact we do not have any decentralization, it's all just speculation

[Chesterjems]

And alt coins' prices affect on the BTC as well. It is the symbiosis and it is not surprising that they have a strong connection with each other. But it has to be said that BTC's dominance is larger and stronger because of BTC's being the baso of the crypto market.

[kute.umesh@r]

All Altcoin uses Bitcoin as a way of valuing themselves. Altcoins are wanted to be listed on exchanges so that there may be coin / Bitcoin currency pairs. So Altcoin is always dependent on Bitcoin.

[khan149]

There may be a big consequence connected with bitcoin selling price with many altcoins seeing that many altcoins abide by regardless of what way bitcoin is going. Bitcoin would be the key come to a decisive issue connected with full cryptocurrencies seeing that is it doesn't basic foreign exchange in this current market.

[Cling18]

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 bitcoin is known to be the platform every altcoin. I believe that the value of bitcoin has a big impact to the value of every altcoin around us. It has a very big impact which we cannot control. However, as bitcoin rises it's value again , things would go back to normal and altcoins would have better values as well.

[Wicked Sick]

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 don't know about that but I think that the reason that bitcoin was the first cryptocurrency and the fact that they only have bitcoin to compare the coins to helps to influence the value of the coins. I don't think that we can get the ratio by analyzing the btc/usd value, just get the value from how much bitcoin has rise and the altcoins follow the movement

[khan149]

Almost all altcoins are usually connected together, yet all of them are outcomes by means of bitcoin or perhaps Ethereum. Significantly when we all start to see the bitcoin at present dropping together with surprisingly low hrgaa, next a number of the picked money may also commence growing among others can tumble also. Almost all altcoin execute data simply by bitcoin or perhaps Ethereum and also change this inside bitcoin or perhaps Ethereum. Bitcoin features a robust benefit.

[Utuhikan]

the analysis is like this, why when the BTC price drops the other Altcoins go down.
1. Because almost all Altcoins are on Pair on BTC. why is that down?
Here, for example, we want to sell Altcoin in the global market. what do we get? USD / BTC? BTC is certain.
ETH / BTC.
LTC / BTC.
ETC / BTC
etc.
Surely the pair will go to BTC because the dominant market is all to BTC, so BTC is a benchmark for the price of Altcoin
Example of ETH prices when we want to sell ETH / BTC
1 ETH: 0.075 AT BTC WHEN the price is 10,000 USD
0.075 BTC is equivalent: 10 million.
However, when BTC drops, it becomes 9,100 USD
0.075 BTC is no longer 10 million. could be 9.4 Million.
Or sometimes even when BTC drops Altcoin adjusts. for example, from 0.075, it becomes 0.078. but if the nominal is the same USD. it's a stable moment

2. Sometimes even when Bitcoin goes down sometimes there are some Altcoins actually go up or when Bitcoin goes up he doesn't rise at all,
in conclusion, not all altcoins are affected by the rise and fall of BTC prices but BTC affects most of the price of altcoins

[Cordann]

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 indeed the most popular coin, the real king in the crypto market. Therefore, it is logical that it significantly affects most coins. The overall development of the crypto market depends on its dynamics. Therefore, I always take into account the current prices of BTC before making a decision on investments.

[Downloaded]

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

It must be understood that today BTC remains the real king of the modern crypto market. When its price rises in price, the whole crypto hatch begins to develop, most reliable altcoins rise in price. In the period of the fall of BTC, the situation is drastically worsening, the prices of many coins are beginning to rapidly fall.

[smoker36]

Indeed, most reliable cryptocurrencies directly depend on the state and dynamics of BTC in the crypto market. Today, BTC remains a confident leader and king in the crypto market. Therefore, it is quite logical that the prices and dynamics of BTC directly affect the mood of investors, the cost of most altcoins.

[wolffy0216]

Indeed, most reliable cryptocurrencies directly depend on the state and dynamics of BTC in the crypto market. Today, BTC remains a confident leader and king in the crypto market. Therefore, it is quite logical that the prices and dynamics of BTC directly affect the mood of investors, the cost of most altcoins.

Yeah, prices of altcoins depends how healthy the bitcoin price, how good the bitcoin status and the trends it goes. If bitcoin is down altcoins are also down and maybe we cannot change trends now.

[hanomnom]

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

Now such an influence exists and is quite strong. BTC significantly affects the prices of most altcoins and the general state of the crypto market. I have already conducted a case study and noticed that during the period when BTC prices are rising, the prices of most reliable altcoins are also rising.