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

[yavorskiy616]

Hello, I think that bitcoin is the main crypto currency at the moment. and when people feel fear and they sell altcoin for bitcoin and then sell bitcoin. the price of altcoin depends on the price of bitcoin. and when people come out of the crypto currency they destroy the price of bitcoin, and in the double they kill the price of altcoin.

[Sergio444]

To the best of my knowledge, I can only say that, most of the altcoins have their equivalence to bitcoin, thus, they are more of dependent on the market price of bitcoin. Besides, people trade or set some prices for altcoins based on the prices of bitcoin and eth. A good examples are altcoins built on the ethereum blockchain. Eventually, if the merket prices of eth goes down, it will affect those coins directly or indirectly.

[chenhaonan]

This is a normal phenomenon, but it is currently the case. The entire cryptocurrency is dependent on Bitcoin and they will become worthless if they leave Bitcoin.

[jordan1989]

Down and rising bitcoin or coin the other is not an oddity. someone can get a huge profit also can get a big loss when making decisions in terms of crypto investment. keep calm to avoid big losses. you will find the bitcoin price below than when you decided to buy but I am sure a time will go back up.

[Lerosaeyan6]

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.

Altcoin stands for “alternative to Bitcoin” and is used describe any crypto currency that is not a Bitcoin. If the price of Bitcoin is falling then altcoins usually goes down too.

because every bitcoin decreases Altcoin price always follow its movement and as it is now Altcoin price also decreased following bitcoin movement because bitcon has decreased a few months ago hence even though bitcoin price decreased a few months ago and finally now Altcoin always follow its movement

[engesi]

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.

This is a very simple reason, because altcoins are usually exchanged with BTC, and when the price of BTC rises, altcoins are too late to keep up, then altcoins is depreciated relative to btc.

[UAE Seasider]

Bitcoin still totally rules the market so if Bitcoin drops then the alts will also drop however if Bitcoin rises the alts may still drop rather than rise with it. It's a phenomenon that over time you get used to so a likely rise in alts will only come after a sustained rally in the price of Bitcoin.

[idioma1]

Because the price of altcoins is connected to the of Bitcoin. When it down alts also down. Hope it will rise very soon again

[traderethereum]

I think if you can see on every market, you can check the altcoin prices now is increase and many of them reach the highest price because of bitcoin still in the high price now. but if bitcoin is down, I think there is still a coin that can increase higher because they do not depend on bitcoin movements and they can move up and down by free. but yes, all altcoin is made the adjustment from bitcoin price and if bitcoin is going to down too deep then all of the altcoins can get down too deep too.

[konohlo]

because bitcoin is still the price standard in the crypto market, because bitcoin is the biggest blockchain. so when bitcoin goes up, altcoin will follow it.

[Coltpython]

This happens because bitcoin market cap overshadows all other cryptocurrency and also the fact those most cryptos are paired to be traded against btc directly so the price movement of btc always affect alts

[sirengutou]

It seems that you still don't know the meaning of Bitcoin in the cryptocurrency market. You should learn more. Bitcoin now represents the entire cryptocurrency market price.

[Behene]

little do I know that's why because bitcoin is the main currency and there is interrelationship with financing between bitcoin and altcoin that is why bitcoin price influence altcoin price

[n0ne]

This time the altcoin market has crashed much higher than that of the bitcoin. As the value keeps on counting, the dominance of bitcoin kept increasing. Recently it was found little away from 48.5%, and the ethereum, and other cryptocurrencies has gone down to 15%. Hopeful involvement will leads with success.

[oho]

This is a normal trend! Bitcoin is the leader of the cryptology, and at the moment the altkokins follow the bitkoy! I hope that soon everything will change, and the altcoyins will break away from the bitkoyna and stand up!

[blacktux88]

since the first time i has been working with crypto btc was the big father with controll all the prices.
i think this is not so bad as it sound like.



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quote author=borjois56 link=topic=4288847.msg38577270#msg38577270 date=1527306345]
 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.
[/quote]

[Tigerw]

This is a normal trend! Bitcoin is the leader of the cryptology, and at the moment the altkokins follow the bitkoy! I hope that soon everything will change, and the altcoyins will break away from the bitkoyna and stand up!

the fact that Bitcoin has become less interesting to users of crypto currency, is already visible to the naked eye. Apparently, many investors have already turned their backs on Bitcoin and bet on altCoin, including on the etherium. Probably it's time Bitcoin is already passing.

[Youngflydude256]

Bitcoin paved the way for alternative coins(alt coins) and its kinda sets the trajectory for them and it indirectly determines what their place is. Alts price movement are dependent on that of bitcoin.

[jaggijagjit]

Bitcoin is the base crypto currency of this crypto market and all the other coins always follow the same trend of bitcoin. I think most of the coins are traded in satoshi form and whenever the price of bitcoin fall down then value of satoshi is also fall down. and we see this downfall impact on all the other altcoins and say that all the market is fall down due to bitcoin price fall down.

[elloco4ever]

Bitcoin paved the way for alternative coins(alt coins) and its kinda sets the trajectory for them and it indirectly determines what their place is. Alts price movement are dependent on that of bitcoin.

Yes the price of altcoins are indirectly proportional to the market situation of bitcoin and if there is a pump in the value of bitcoin then the value of altcoin increases and vice versa. Bitcoin play major role in shaping the future of these altcoins.