bitcoin prices go down, why altcoins prices also go down?

[borjois56]

 I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

[forumsehat]

To reduce the price of bitcoin at this time is much followed by the decline altcoins and I think that's what is happening right now, and maybe because altcoins always follow the bitcoin price.

[Helex]

All the altcoin are depending on bitcoin because the Bitcoin is a large Blockchain and all the altcoin will be following it. So if the altcoin price depends on the bitcoin.

[tungaqhd]

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

Because most of us use bitcoin to exchange for altcoins. So the real value is bitcoin, when bitcoin price goes down, you lost money and buy with cheaper price.

[entebah]

Nothing different, when Bitcoin up altcoin also keeps it down.
because the value of Bitcoin is very high and becomes the standard for altcoin exchange. and unfortunately many people are spreading the negative issue to lower the price of Bitcoin.

[Dansamiv]

Because Bitcoin is very powerful and really important to the crypto market. In addition, bitcoin is a measure of the increase or decrease of altcoin in the market. When Bitcoin falls, the altcoin value will move down and vice versa. It is like a harmony in an instinctive connection.

[Banulit]

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

When Bitcoin prices go down it can affect the prices of altcoin and when Bitcoin increase it can affect also the altcoin prices the mother of all coin is Bitcoin it can affect the value of all coin.

[Mhd-Bobbi]

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

bitcoin is the benchmark of all second and third generation altcoins, if we give the name of the bitcoin as first generation cryptocurrency, so all subsequent doses of altcoin are Bitcoin, if the bitcoin falls then the coin of another person also goes down. but there are also some coins whose price rises if the bitcoin descends, cryptocurrency or altcoin stand-alone type, usually the coin has its own price without bitcoin relevance, although we can change the market into bitcoin form when trading.

[Promickey]

because bitcoin lead the crypto market, dominance of bitcoin so big, when value of bitcoin down, the whole market loset hope, all of alt coin down value is understandable

[jose111]

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

It really because there's a fact that the behind of all movements of altcoins is only base or depends from the movements of Bitcoin which is unfortunately when the value of btc will fall, the value of altcoins will be fall also.

[mustamin88]

Because bitcoin is the benchmark of all the cryto money. if the bitcoin price drops all altcoin prices are down if viewed from the price to real ang or dollar, but the decline in bitcoin prices may not necessarily affect the price of altcoin in exchange for bitcoin.
Maybe this is one of the reasons.

[cewekimut]

The very simple answer actually is " The Bitcoin is the King of crypto, and the altcoins are those following. So, what happens to BTC will happen to most altcoins. That is the simple answer. however, basically, the trust fro investors to BTC is very high. therefore, when the price is dropping, the investors also feel worried of the altcoins and they sell the coins widely that can lead the dropped altcoins. Additionally, many people still consider that BTC is the guidance of success of the crypto.

[shinratensei_]

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

Because the price of altcoin still used the price of bitcoin as the main pegged to determine its value. If the dollar price of bitcoin goes down and then altcoin will be automatically following it. This is a correlation between altcoin and bitcoin but in this case, bitcoin has a lot of domination to the altcoin itself. Look at the bitcoin pair is available on the every exchange site.

[grifinmch]

in easy it is certainly because of the bitcoin is the first crypto and this became the reference for another altcoin. bitcoin well when going up and down then altcoin will also soon followed in the footsteps of Ascension and descents. However but just hope altcoin will not be forever like that. like the ethereum that should be growing your own and not following bitcoin.

[Dark_raven007]

Bitcoin number one on the list is crypto currency. We do not exchange altcoyins for money, but first we translate often into it. At the moment they are interrelated. All the market hits hit the bitcoin, the altcoyins are weak so long as they survive and just follow the pope.

[azalea69]

I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

I think so because I know if the bitcoin down altcoin will also go down because the two altcoins are mutually altering then altcoin follow the movement of bitcoin and so I am sure Bitcoin will be stable again and can be good for the future,

[Herbert2020]

sometimes you shouldn't really look for reasons in the altcoin market because there are none. although there are some theories around and i have one of my own. the important thing to know is that when bitcoin goes down, altcoins go down with it and most of the times  they get dumped harder.

my theory is that when bitcoin drops, every trader moves back to bitcoin and leaves altcoin market behind. this means they either dump their altcoins to have bitcoin/fiat ready or at the very least they cancel their open buy orders on altcoin markets which means altcoins lose a lot of buy support and with the dump that is happening they crash harder.

[qiwoman2]

Everything is pegged to Bitcoin, just like other world currencies are pegged to the US dollar. Also when Bitcoin goes down it is primarily whales and profit takers and panic sellers selling off both Bitcoin and cryptos, so when the general market cap falls then everything else falls with it. I see this over and over and as we are in a bear market for six months in a row, we should see further losses happening. Only gains are made if a coin has very good news and people then buy into it and it rallies against Bitcoin.

[Khailequang334]

I think there are 2 main reason:
1st: all altcoin have the ratio value with btc altcoin/btc so btc down, altcoin down
2nd: btc down, many people dont believe in crypto market so they panic sell all the coin they have which make the price down

[mario00]

It is due to trade pairs. All the altcoins have trade pairs with bitcoin which means that when bitcoin is falling, there is not enough trade being done on those coins either because not a lot of people are buying bitcoin so the prices of the altcoins fall along with the prices of bitcoin. Bitcoin is what gives the altcoins their value