Is it bad for altcoin that BTC is dropping

[glasbren]

As of these days, bitcoins keep on fluctuating at around $6000+ it hasn't goes beyond that or fall bellow that price.
And those occurrence also affecting altcoins, when ever BTC rising, most of the altcoins rising, and vise versa.

[owlman]

Until 2018, there was a trend in which the price of Bitcoin decreased, while on Altcoin, on the contrary, it increased. Now, the prices of all altcoins depend on the price of bitcoin, and it is an indicator on the cryptocurrency market. Therefore, of course, it is bad when the price of Bitcoin does not decrease.

[santino11]

With some alternative cryptocurrency? yes it is bad if the value of BTC will fall!
But to others that still getting more BTC value in the market.
It is not bad for them as long as they are gaining the value.

[michael23]

Of course, this is bad, since Bitcoin is the leader in capitalization, its price drop will affect all altcoins.

[rickn]

Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

Bitcoin is the master of the market crypto and logically that his movements are followed by the other altcoins. The devaluation of the BTC while it lasts will make it impossible for the exchanges to rise in price. The movements are similar and joint, so only with the recovery of bitcoin the altcoins will again be negotiated at fairer prices

[pleci]

Of course, this is bad, since Bitcoin is the leader in capitalization, its price drop will affect all altcoins.

altcoin depends on BTC which proves that now almost all coins have decreased because BTC has dropped. so that it can be said is a disaster for altcoin if BTC goes down even though it doesn't fully follow BTC because sometimes there are Altcoin going up even though BTC goes down but it's still only a small part compared to many altcoins.

[jayc89]

Of course, this is bad, since Bitcoin is the leader in capitalization, its price drop will affect all altcoins.

altcoin depends on BTC which proves that now almost all coins have decreased because BTC has dropped. so that it can be said is a disaster for altcoin if BTC goes down even though it doesn't fully follow BTC because sometimes there are Altcoin going up even though BTC goes down but it's still only a small part compared to many altcoins.

The reason is that Bitcoin is what made all the Altcoins get a value. The price of Bitcoin going lower will affect the prices of the Altcoins.

[memFISTO]

Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

The thing is that most of altcoins do no start to grow, when BTC is growing, which makes me confused about this connection. However, when BTC is fine, market is fine.

[TomInVa57]

Many of first and the oldest altcoins were based on BTC, so there is obvious that they are connected. Some of them may even completely copy BTC.

[EducoinVietnam]

It is bad for top altcoins, but when you look down below, there are so much tokens that does not care about BTC prices and they are the future of the indusrty.

[hell_slayer]

Altcoins usually follow btc , so if bitcoin is moving down then alts will drop too . If you are a holder any assets , of course you will not be satisfied that your asset falls in value. On the other hand, if you are a potential buyer and are looking for a good entry point, then the price drop is only good for you. Thus everything depends on the point of view.

[Anicasalar]

Some altcoins show good growth last days. You need to undestand and BTC influence top of market only, but not the entire market. I hope you got my point.

[Khiceog]

This trand seems pretty strange to me, because most of altcoins are not connected to the BTC, by BTC drop drags them down. It is some kind of paradox.

[wareck]

Most of investors are too scary and they use BTC as a sign. I mean that when BTC is dropping, everybody is selling altcoins and there is nothing we can do about it.

[MegaPost]

It is terrible for most of them, because there are no other brand like Bitcoin to promotre cryptocurrency. It is like loosign a leader in the hardest times of industry.

[Boysisig207608]

Yes of course I really agree on to this that  the dropping down of bitcoins market value is really bad for all the altcoins or crypto currencies out there because all of this altcoins or crypto currencies really depends on bitcoins market value because for all we know bitcoin is the king of crypto currencies and being the king many people who are against bitcoin threw negative publicity on bitcoin making bitcoins market value to push further down and as bitcoin goes down that's what also happen to the rest of all the other crypto currencies.

[kipozer]

As the history shows, I can say that today there is a very high probability that, after all, this will not have a very good effect on altcoins, because very often after the fall of BTC, altcoins always fall

[kramchers]

IT IS! it means that alternative cryptocurrency is decreasing also in USD value.
Remember that out TOKENS in the market has their equal Bitcoin value.
Once BTC fall with USD price then the token value will also decrease in dollar value.

[Grim149x]

The price of BTC dropping moves the market because it is the representative of crypto. It's what a lot of people perceive as "crypto" but I don't think it will always be a bear market. The new generation will make it plummet higher sooner or later.

[jojowar]

As I saw many charts, there is a great impact on altcoins when the price of bitcoin drops. Many of the prices altcoins also drops but there is a positive and negative effect when prices of cryptos drops. For seller there is a negative effect compare for the buyer which is the positive one.