Is it bad for altcoin that BTC is dropping

[hubballi]

On confirm we cannot tell that it is bad or not because most of them are holding altcoin to get profit in bitcoin and increase the volume of bitcoin holdings , it is because when bitcoin price is going down every want to sell their altcoin and convert it to bitcoin and sell bitcoins also so when bitcoin goes low they can sell bitcoin and buy back their altcoin sold in high. This is the way of trading going between all cryptocoins.

[atjiat]

Yes, of course this is a worrying condition, bitcoin can be said to be the parent of all coins if the price goes up, of course other coins will follow, and vice versa, the price of bitcoin ups and downs does have other coins

in any case, we have already seen that the price of Bitcoin greatly affects the entire cryptocurrency market. Even the most promising projects cannot show their results due to the poor state of the cryptocurrency market.

[Astermony]

That's the usual trend in the crypto market since altcoins had been developed through the existence of Bitcoin, therefore, their value has close related to the movement of to the first one.

[Smitt]

If the price of Bitcoin decreases it will have an impact on the prices of other altcoins, but this is a cycle of trade in the world of investment that is always spinning. Looking at the current price of Bitcoin which is said to be stable and not dropped dramatically, this is what makes sure that the price of Bitcoin will be high next year and of course this will be good news for altcoins.

[DiabolicAnt]

It depends. Some alts fall with BTC and some grow when BTC price is dropping. To know better I suggest you checking charts on coinmarketcap. 

[Liklopor]

bitcoin has a very strong influence on altcoins and due to the fact that recently falls in price - the price of altcoins has also fallen.

[transformt]

Of course, this is bad because Bitcoin is the main cryptocurrency on the market and from the fact that it falls, it will naturally fall and the whole market

[Osayo]

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

It is never a good thing for any altcoin when BTC price is dropping. BTC is what drives the price of the other coins up and as such, it is usually a terrible experience for others when its own price is crashing down.

[goodluck0319]

so far, the movement of bitcoin has a great impact on altcoins. but I think that there will come times when the altcoin rate will not be tied to the bitcoin rate.

[Happy Miner]

Of course, this is bad. Because if bitcoin is cheaper, then the price of all other altcoins also decreases. Now there are no coins that can go up while Bitcoin is falling.

[high110]

This is very bad. The prices of all altcoins react very strongly to a change in the price of bitcoin. Also, if bitcoin is growing very fast, then altcoins are starting to become much cheaper.

[Luna0120]

I also very often noticed that the reduction in the price of BTC negatively affects the state of most altcoins. This situation can be easily explained. After all, Bitcoin today is the main coin of the crypto market. When BTC prices begin to decline, investor confidence in almost all cryptocurrencies decreases.

[Niobeh]

I think it's not good or bad but it is due to the adjustment of the market accordingly because in December 2017 bitcoin and altcoin increase too high. Now it's just a reduction to regulate, do not care or worry because of the measure.

Yes, I think it can affect the value of altcoin as market of bitcoin is in trend, but we believe that there will be possibilities anytime to fluctyates just be patience more and give some effort.

[KolayZdun]

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

Yes, it has already been repeatedly confirmed. In the period of falling BTC prices, the overall situation in the crypto market begins to deteriorate significantly. In this case, there is a decrease in the prices of the absolute majority of altcoins. Therefore, I hope that BTC will continue to develop and become more expensive in the future, it is important for all cryptocurrencies.

[ABDUL86]

Yes it's very effected if bitcoin drop it's effected alt coin too in,bitcoin play major role in all altcoins,if bitcoin drop it will effect all crypto market.

[beveryu778]

Yes, bitcoin has a great impact on the crypto market. When bitcoin falls similarly all the altcoins fall and oppositely when bitcoin gains, then all the altcoins too.

[Just John]

It is very bad for all of the altcoins that bitcoin is dropping, there is no way that the market is going to be bull if the price of bitcoin is still down since this is what determines the price and value of all of the coins in the market. All the coins depend on bitcoin for their price and their value, that is how it is because of the trading pairs that exists between them

[Orenonex]

The price of altcoins depends on the price of bitcoin. If bitcoin falls, then altcoins also follow it and vice versa.

[universal3ee]

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

By right what i think is that altcoin is also part of crypto and is under the hierarchy of bitcoin so if bitcoins value fall altcoin will get affected, this phenomenon happens to most of the coins however i do have rising coins when the bitcoins value drop so i think there is still exceptional cases.

[Kolikalex55]

The market is very unpredictable. When bitcoin grows everything falls and Vice versa when bitcoin falls everything falls too ! The market always needs to accumulate in growth. You need patience, if you do not have it and you want a lot of money at once it is not in this market )