Bitcoin price effect on Altcoin

[Joyawan13]

in fact all the coins created certainly have their own goals to be able to develop in the future, but what has happened that is often seen, that the decline in bitcoin greatly affects the decline of most other altcoins, because until now bitcoin is still one coins whose prices are still very high, and bitcoin is the only crypto money that was first created.

[Coinseeker22]

Ratio? I will leave the technical stuffs with you. But if you check on the charts alone without going with the numbers you can see that most altcoinsband that includes Ethereum follows the pattern of BTC. This often happens all the major alts.

[jesselui]

Bitcoin and alcoins are an indispensable whole; In order for the Altcoin market to improve, of course, bitcoin has to be in a good position. It takes unknown time. I hope the most beautiful things happen.

[Semar Mesem]

The influence of bitcoin is too strong so that the rise and fall of the price of bitcoin also has an impact on the prices of altcoins, this is because bitcoin is made the price of almost all altcoins prices, and I hope someday altcoins have strong fundamentals that are not too dependent on bitcoin.

[TelolettOm]

Bitcoin prices have a huge effect on altcoin. the effect is quite large. the decline of bitcoin can make the altcoin very drop in price. even though at that time they actually had no problems with the project but because the effects of bitcoin made a price drop

[joshy23]

The influence of bitcoin is too strong so that the rise and fall of the price of bitcoin also has an impact on the prices of altcoins, this is because bitcoin is made the price of almost all altcoins prices, and I hope someday altcoins have strong fundamentals that are not too dependent on bitcoin.

We all do hope that someday there would be a project where it is more independent and not really relying with how bitcoin will go, the future of cryptocurrency is yet to be conclude so as of this moment everything around this market will continue relying with bitcoin and from which directions
it will be heading.

[Farma]

Bitcoin prices have a huge effect on altcoin. the effect is quite large. the decline of bitcoin can make the altcoin very drop in price. even though at that time they actually had no problems with the project but because the effects of bitcoin made a price drop

You're right, I myself see that the decline in bitcoin prices that have occurred since the beginning of 2018 until now, has made the altcoin price fall more than 100%, or almost like that. well, but that might be a natural thing, considering that bitcoin is at the heart of cryptocurrency.

[Choyor]

The altcoin price is greatly influenced by the price of Bitcoin, if the price of Bitcoin drops then the price of the altcoin also falls and if the price of Bitcoin rises then the price of the altcoin will also rise, this applies to all altcoins.

[newbie-hero]

Now bitcoin has a huge impact on the prices of altcoins, they depend on bitcoin and the weight of bitcoin in the market is very large. In the future, everything should change, this influence will gradually decrease.

Yes, Bitcoin price is an indicator of the other cryptocurrencies rates. Most of the tokens follow BTC always. The main crypto starts going down, and the altcoins start declining like now.

[moneyvolutions.com]

Bitcoin prices have a huge effect on altcoin. the effect is quite large. the decline of bitcoin can make the altcoin very drop in price. even though at that time they actually had no problems with the project but because the effects of bitcoin made a price drop

But I think it have no impact on all altcoins, you can see it in Binance there are some coins whose prices can go up to 40% even though the price of bitcoin just touched $3250 USD. Now it's very difficult to analyze the market because there are too many manipulations and panic traders.

[LieTOme]

in my opinion bitcoin is still a guideline even though it does not fully affect the other crypto currencies because it has become a risk in investing with crypto currencies

[medicalmiracle]

There is direct price effect on altcoins. You know, I've traded stocks and S&P 500 affect other markets, so here is the same situation in crypto.
Bitcoin is the main trigger for altcoins

It is because most of altcoins are in the trading pair of Bitcoin only and when the value of Bitcoin reduces then it automatically reduces the price of these coins. Majority of the investors lose their money and most of them withdraw their money which collapses the market.

[JPablo]

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 i know about the price of each token is depends on bitcoin flow in rise and fall.

[taliwang]

For a long time, Bitcoin has become an altcoin driver, the first cryptocurrency created was Bitcoin, so I'm sure Bitcoin will always be the king of all cryptocurrency.

[styca]

One big reason for bitcoin prcie being tied to altcoin price is the lack of fiat trading pairs for alts. Alts are normally measured against bitcoin, so if an alt is worth 0.1 BTC, and BTC then increases 10% in dollar value, then if there is no trading on the alt it is still 0.1 BTC and so has also increased 10% in dollar value.

[clarkt]

Bitcoin effect on Altcoin price is already showing as many coin have gained almost hundred percent withing the short bull run that starts merely 72 hours ago.  We can expect that bitcoin rise will trigger price reversal for major Altcoin.  I am looking forward to more price rise in this season!

[ciang huang]

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 I really agree with the opinion bro, as far as I know the altcoin price follows the BTC price if the BTC price drops surely the altcoin will drop dramatically like yesterday. because btc has a big influence on altcoin price issues

[MidnightWolf]

Bitcoin effect on Altcoin price is already showing as many coin have gained almost hundred percent withing the short bull run that starts merely 72 hours ago.  We can expect that bitcoin rise will trigger price reversal for major Altcoin.  I am looking forward to more price rise in this season!

So far, Bitcoin has a strong influence on the pricing of all cryptocurrencies. But its influence on the fall of the entire cryptocurrency market was more active than on the rise in prices today. Different projects are very sluggish to positive changes.

[Ekyfitri]

So far, Bitcoin has a strong influence on the pricing of all cryptocurrencies. But its influence on the fall of the entire cryptocurrency market was more active than on the rise in prices today. Different projects are very sluggish to positive changes.

this situation is common, when the effective fall of the market takes place very quickly, but growth occurs very slowly. still be patient and wait, because the market growth cannot be very fast, because surely market growth requires a short time.

[samlaode]

This is absolutely true when the price of Bitcoin dropped so much in early 2018 and made Altcoins fall. Besides, ICOS campaigns also became more difficult.