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Yalovtsev
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October 28, 2018, 11:35:05 AM |
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Still, unfortunately now everything depends on bitcoin, where bitcoin goes, there and the Altos all fly, bitcoin down and everything down, bitcoin up and everything goes up, and this trend is exactly 1-2 years can be held until some projects become so dependent on bitcoin,and people will believe in them,and until then everything will continue
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pisston
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October 28, 2018, 11:54:31 AM |
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Still, unfortunately now everything depends on bitcoin, where bitcoin goes, there and the Altos all fly, bitcoin down and everything down, bitcoin up and everything goes up, and this trend is exactly 1-2 years can be held until some projects become so dependent on bitcoin,and people will believe in them,and until then everything will continue
today everyone knows that there is a cryptocurrency market depends on the price of Bitcoin. But Recently, certain changes have begun to appear in the new project, the company BitGo that wants to implement the WBTC on the block chain Ethereum. In any case, this project was supported by many more companies. |
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Awens
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October 29, 2018, 02:27:16 PM |
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Crypto is a relatively small market and there is high correlation between BTC and other coins. During this bearish market BTC dominance was increasing as it is the most trusted coin on the market.
Yes, and it will remain like that for a long time because there is no decent competitor among altcoins to give us the same opportunities to make money. |
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dulinivanrus
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October 29, 2018, 02:51:14 PM |
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All altcoins in the market follow bitcoin. As practice shows, if the price of the oben grows rapidly then altcoins fall in price. I noticed that only new tokens live their lives as long as they do not gain momentum in the market !
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hungafub
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November 01, 2018, 10:35:04 AM |
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The fall in BTC is exactly what should happen if people are now decoupling from BTC and moving into Alts. We've seen a lot of low caps booming and a few mid caps. These projects are more interesting now they are starting to form working products.
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Rudi Setya
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November 02, 2018, 01:30:18 PM |
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Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Of course bitcoin will set up the overall tendency at the crypro market due to its powerful influence. People might not know about the existence of other digital coins but everybody heard about a bitcoin unless they live on Mars. if you look closely at Bitcoin and Ethereum, then Ethereum is much more profitable economic position in the market and the more it is in demand for practical application. But for some reason, it is Bitcoin that greatly affects the entire cryptocurrency market. I think that this trend needs to be changed. When the price of the Bitcoin is so expensive, many people will be selling price to take advantage of the Bitcoin so high to make a huge profit. so these things have an impact on the Altcoin will have a defense capable of even experience increased price is pretty good. |
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atrmill
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November 02, 2018, 02:02:29 PM |
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Alternative coins are very much influenced by the price of Bitcoin. These coins are much cheaper at a time when the price of Bitcoin drops.
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DILUMYLIFE
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November 02, 2018, 02:07:05 PM |
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Of course. All coin prices depend on the price of Bitcoin. Bitcoin has it's own market value & all other coins depend on the price of Bitcoin. Fluctuation of Bitcoin price definitely will effect on all other coins..
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ssuchy
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November 02, 2018, 02:09:11 PM |
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Of course. All coin prices depend on the price of Bitcoin. Bitcoin has it's own market value & all other coins depend on the price of Bitcoin. Fluctuation of Bitcoin price definitely will effect on all other coins..
It seems to me that a very bad situation is when the whole cryptocurrency depends on the price of Bitcoin. Anyway, there are some moments when Bitcoin has nothing to do with some coins. |
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maculeth
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BountyMarketCap
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November 02, 2018, 02:12:15 PM |
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indirectly the fall in the price of bitcoin also affects all coins in the market. surely it is because bitcoin is the first digital currency and with the highest price in the market, so investors are referring to bitcoin to make their investments even for altcoins.
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Geir
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November 02, 2018, 02:13:00 PM |
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I see that bitcoin price effect on almost all altcoins, their charts repeat the bitcoin chart, but there are exceptions - such as POA, for example.
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HaddenChapman
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November 02, 2018, 04:05:07 PM |
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Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Honestly it does not have an effect. Coins like Paragon, Ripple and Power ledger work according to their own timing. Nothing influences them. Be calm and store them. |
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Naitik
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November 02, 2018, 04:10:37 PM |
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As all the initial investments are in terms of bitcoin or ethereum. So it is directly proportion to the price at some extent. But the price depends on number of factors.
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colenax
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Bcnex - The Ultimate Blockchain Trading Platform
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November 02, 2018, 04:14:02 PM |
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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 have much knowledge about this, but the effect of altcoin on bitcoin is very difficult compared to the size ratio. we can see it later every development in the next few months with many Q4 programs running. but the influence of bitcoin has a huge effect on altcoin. |
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capableuwa1
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November 02, 2018, 04:15:26 PM |
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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.
YES. This is absolutely correct as I strongly support this. Bitcoin is legendary as it rise and fall will also affect other altcoin. In addition, if you check the coinmarketcap you will see that Bitcoin is number one and I think it will remain like that for years to come till other projects in the Crypto Space prove otherwise. |
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Neglected Person
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November 02, 2018, 05:21:40 PM |
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Of course, bitcoin is related to altcoin. By analyzing the btc / usd values, we can know the status of eth/ btc ratio. If there is a decrease in bitcoin, the price of ethereum decreases. As a result, the price of the altcoin decreases. As the price of bitcoin and ethereum is now many dumps, which almost dumped the price of all crypto coins. Bitcoin has its effect on altcoin.
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little.jane
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November 04, 2018, 08:28:59 PM |
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The rise or fall of bitcoin prices has a huge effect on altcoins. Keep in mind, that altcoin is very dependent on bitcoin. Bitcoin is the main guide for the development of altcoins. Altcoin will increase if the value of bitcoin also increases, and vice versa. The value of bitcoin is also based on various aspects and is very easily affected by the surrounding environment. The better the news about crypto, the easier it will be for bitcoin to rise.
To have better news about crypto we need stronger and more reliable coins that appeal to people. Right now most people made a conclusion that crypto equals scam, bubble, empty promises, and highest risk. No way to sway them into believing. |
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mashino12
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November 07, 2018, 03:58:56 PM |
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I agree with you, there is a direct link between bitcoin and altcoins . If the price of bitcoin is growing and the prices of altcoins are rising
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YinShuiSiYuan
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November 07, 2018, 05:44:29 PM |
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I agree with you, there is a direct link between bitcoin and altcoins . If the price of bitcoin is growing and the prices of altcoins are rising
The price of bitcoin definitely has an impact on the prices of altcoins. Because currencies create trade pairs so they must interact with each other. In a situation where bitcoin dominates the entire market, the direction in which it moves affects the movements of other currencies. |
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tarable
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November 09, 2018, 04:00:22 PM |
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I agree with you, there is a direct link between bitcoin and altcoins . If the price of bitcoin is growing and the prices of altcoins are rising
The price of bitcoin definitely has an impact on the prices of altcoins. Because currencies create trade pairs so they must interact with each other. In a situation where bitcoin dominates the entire market, the direction in which it moves affects the movements of other currencies. indeed the price of bitcoin also greatly affects the altcoin price to date. because bitcoin is a currency that greatly affects the current state of the market. therefore, if the price of bitcoin decreases, the market will also decline, and that also affects the altcoin. |
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