bitcoin.clakr
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November 15, 2018, 09:27:08 PM |
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The price of alternative coins is very dependent on the price of Bitcoin. Yesterday there was a big drop in the market and we were once again convinced that Bitcoin is the main coin on which the whole cryptocurrency market depends.
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magnum cyber
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November 15, 2018, 09:32:13 PM |
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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
I also think that it will be very difficult for altcoins to pump when bitcoin prices fall because indirectly bitcoin is the most influential coin and it can even be said that the market is about bitcoin so when the bitcoin price falls then the market will fall as well as all existing coins inside it |
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Ingoats
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November 15, 2018, 09:33:05 PM |
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To those cryptos which are dependent with Bitcoin's market value, it would be surely a negative situtaion. How to know if the coins are dependent with BTC? simply observe if there is ALWAYS a proportionality with the dumps and pumps of thos coins and Bitcoin's. Proportionality simply means direct relationship of dependence. Some altcoin happened to be dependent to Bitcoin and ethereum. But since all cryptos are now on downfall, the situation itself is bad for investors.
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dashayana
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November 15, 2018, 09:56:08 PM |
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Obviously very influential on Altcoin and that has a bad effect. Altcoin's progress and decline depends on Bitcoin. Whatever happens to Bitcoin is sure happen to Altcoin and that is certain. I hope Bitcoin will recover soon and return to the real track so that Altcoin will also go up and the Altcoin that I have can provide profit for me.
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hlarisimus2014
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November 15, 2018, 09:59:30 PM |
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Alternative coins are very strongly tied to the price of Bitcoin. That is why we see a big drop in alternative coins at a time when the price of Bitcoin is going down.
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JPSelzer
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November 15, 2018, 09:59:47 PM |
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Not all altcoins have a strong connection with bitcoin, but it somehow still affects them. On what the coin more, on what the less. Bitcoin is the king of all cryptocurrencies, it occupies a leading place and of course it has an impact on the market.
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tom14cat14
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November 15, 2018, 10:01:34 PM |
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For me every drop is a bad thing. No matter is it btc or the other strong altcoins. It is better when everything is red
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oktana
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November 15, 2018, 10:22:43 PM |
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Of course it is very bad if the price of Bitcoin continues to fall, the effect that many altcoins will have will be that there will be a lot of price declines and that of course will be felt by some altcoins who have ranked above.
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Dessy88
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November 15, 2018, 10:26:24 PM |
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Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
as far as I know if the price of bitcoin goes down it will definitely have an impact on others, as the price of other coins goes down, investors feel anxious and afraid because the price of crypto is decreasing |
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mbluxs
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November 15, 2018, 10:32:40 PM |
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Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
as usual prices will go down following the price of bitcoin. because usually the price of all coins will decrease further if the price of bitcoin also drops |
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Gaggy185
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November 15, 2018, 10:36:52 PM |
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Again the cryptocurrency market has fallen sharply in exchange rates since May 2018. It is puzzling to expect a market to prosper in 2018. When the exchange rate of BTC and ETH decrease, all altcoins in the cryptos market will be severely affected. And once the altcoins fall, it will be challenging with altcoins to recover because the project not enough money to push their Token prices.
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ronafurw
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November 16, 2018, 05:15:41 AM |
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Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Not really bad, although altcoins usually drop when you see Bitcoin price dropping. Buh why I said it’s not really bad is because we are always sure that no matter how low it gets, there will still come a time when everything will get back up. So in this kind of situation there is no need to panic, that’s the volatility we all talk about. |
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Sevarchik
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November 16, 2018, 05:33:38 AM |
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Sure, because most of altcoins trades only for bitcoin and dropping btc affects him totally.
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bce
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November 16, 2018, 05:38:10 AM |
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Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
maybe now bitcoin is still the guideline of all price developments, but the development of crypto currencies no one can predict for sure the development of cryptocurrency investors must have the confidence and patience in investing in crypto currencies |
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WackMack
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November 16, 2018, 05:43:51 AM |
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Bitcoin tsega directly affects the price of alternative currencies. If the key cryptocurrency grows, then the whole market follows it. If bitcoin falls, then other coins fly after him (only perhaps even stronger)
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Adriano2010
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November 16, 2018, 05:58:27 AM |
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Yes is bad for altcoins that bitcoin price drops. I think we need in future to have for top altcoins pairs with fiat EUR, USD, GBP... not only with bitcoin, to have a possible stable price for altcoins and at least to not see a huge drop of price when bitcoin drops so low to not have so much affect on altcoins price.
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Miklight88
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November 16, 2018, 06:15:06 AM |
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Alts is good to trade in but very risk when btc drop as it will give two negative price to alts by both dollar and btc value , I like the fact that btc is very important in cryptocurrency and so the alts but when btc dip many coin suffer in it.
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Igor.J
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November 16, 2018, 06:54:26 AM |
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Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
This is badly reduced by the entire market, it is still unknown which coins will ignore this fall and will have small drops, and which ones will completely fall to zero. By the way, it is now interesting to look behind the tron, like the most widely-spread coin |
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DeKingCrypto
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November 16, 2018, 06:57:18 AM |
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I think whenever BTC drops, it definitely affects Altcoins and that is also a bad signal to the entire cryptocurrency market.
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Milka86
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November 16, 2018, 07:03:45 AM |
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I think whenever BTC drops, it definitely affects Altcoins and that is also a bad signal to the entire cryptocurrency market.
This is because Altcoins are most often traded on a bitcoin exchange . And very much because of this affects the price . The price falls if Bitcoin falls . There are of course still all sorts of factors affecting Altcoins, but it is also very affected |
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