Is it bad for altcoin that BTC is dropping

[cctv0]

Bitcoin's impact on the entire cryptocurrency is fatal, knowing that a 5% drop in bitcoin could result in a 20% depreciation of the altcoin. Bitcoin is the king of cryptocurrencies, and all coins are seen in bitcoin.

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[tracyhayley]

yes of course, it is bad. this will cause panic sell and make some altcoins market become red.
but don't worry and don't panic, if that happen to us, just hold your coins cause the market will back to normal.
or that is your chances to buy more altcoins when it was dropped and sell it when market recover.

[SimonJones]

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

It is bad for altcoins. Fall in the price of the bitcoins is adversely affecting the altcoins  because altcoin is also a cryptocurrency.

[maculeth]

yes, altcoin is very affected by the price of bitcoin. when the price of bitcoin falls, then some of the altcoins fall dramatically. just call Etherher the price immediately falls when before the price of bitcoin falls.

[engesi]

The price of cryptocurrencies always affects each other. When many new pumps emerge, they absorb Bitcoin investors, and when Bitcoin becomes a pump, the altcoin will change!

[chenhaonan]

The king of cryptocurrencies has had a major impact on cryptocurrencies. If the price of Bitcoin is less than $3,800, 99% of the altcoin will die, although this is a low probability event. This is almost impossible, but you must know that Bitcoin has a fatal impact on the altcoin.

[fayoling]

Perhaps for this reason, and do not give the price of btc to fall below, so as not to provoke a panic

[dress]

Alternative coins are completely dependent on the price of Bitcoin. If bitcoin falls, then investors sell alternative coins and chaos ensues in the market.

I don't think we will see chaos in the market. Despite the appearances, this market is managed well and works towards good future for the coins and the invested assets. Bitcoin still drives the market, though.

[tapaibuccok]

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

Reducing the value of bitcoin causes the value of altcoin to be destroyed, right now I don't find a legit ICO or altcoin, but this won't be long, this is also a good opportunity for the strong holder to make big profits

[hodlbitcoin2020]

Buying altcoins at the time of dump is good choice we can grab where we can make good profit in both the side in altcoin price drop and bitcoin pump as well

[adamreb]

I also noticed that the price of BTC greatly affects the state of most altcoins and the entire crypto market. After all, BTC today is the main coin of crypto, its fall negatively affects the general confidence of investors. Therefore, I really hope that it will gradually increase in price next year.

[Little_king]

Dipping of Bitcoin will definitely affect altcoin as it value is paired with it, so I don't think altcoin is cool with the situation of market so altcoin also have their time to grow but still definitely the will be affected by btc dip.

[zedaq]

This is probably the most famous truth that is available to everyone today, because it often happens that people do not understand the dependence of such a global project as BTC in relation to other projects.

[tool_462]

I hope that btc will not fall below $ 6k, I can not imagine what kind of panic will start in people if this happens

[Malkazimir]

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

When the price falls - it is always bad. This suggests that money goes out of the market. Alternative currencies are very associated with the price of Bitcoin. Prices for them will always fall after bitcoin. It seems to me that this is a problem of a young market. In the future, the situation must change.

[heartthew]

This is bad for the whole market because bitcoin shows the general trend of the whole market and so far if bitcoin grows then the whole market grows, if it falls, then the whole market falls.

[belcini]

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

I am absolutely convinced that today BTC really has a huge impact on the state and development of the entire crypto market. When BTC falls, then the prices of most altcoins begin to decline. I believe that this is quite a logical situation, since BTC is the main coin of the crypto market.

[ginobitcoiner]

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

of course this is very bad, when the price of bitcoin falls at this time the altcoin price also goes down as the impact of almost all the altcoin prices diparan becomes "red". and if bitcoin is pumped and immediately recovers then some of the altcoins are very difficult to recover

[cammie16]

Yes, it is bad. Every dip or rise of bitcoin will always have a relative influence on all altcoins either directly by being paired with btc on exchanges or indirectly.

Yes, because bitcoin is the basis of the market currency, if bitcoin is down all altcoins are down too and this is really bad. Bitcoin price must recover now because a big loss in profit already happened.

[De_nis]

Unfortunately, Bitcoin acts as a reserve currency and any of its price fluctuations, are pulling ETH and the rest of the altcoins.