Is it bad for altcoin that BTC is dropping

[jonhn772]

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 for altcoins. Because the price of all altcoins depends on Bitcoin. So if Bitcoin's price is dump, then the price of altcoins will be dump very badly than Bitcoin.

[xbossJ]

Isn't it obvious?! While you are still thinking any coin/token can just overtake $BTC overnight, ask yourself again what the effect of the fall in price of $BTC is on altcoins! I have said it repeatedly that #Blockchain based payment solutions can not survive without $Bitcoin, and someone argued! If $Bitcoin fails, people will lose trust in the crypto economy, cast aspersions on the technology and other coins as a whole! When $Bitcoin price falls, it cascades to the price of Alts, its $Bitcoin alone, then others called "Altcoins" so the crypto economy has only two coins; $Bitcoin and Altcoins!

[iamlds08]

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

well not only btc but the whole market is suffering in red days rather. it is much safer to convert it on usdt or tether for you to dodge the losses in the market. perfect timing is the key specially in entry.

[mizamuneerashine]

As altcoins price follow the Bitcoin price then Bitcoin can lift, suppress and depress alts. Currently, the price of Btc is dropping then alts also is depressing.

[fathur01]

If bitcoin falls, then soon altcoins will fall and so it is certainly bad. But perhaps it is pumping money into Bitcoin in altcoins, so you need to look at the situation.

[kjn311]

The cryptocurrency market is too complex and I often do not understand how it is connected to each other and whether the connection of bitcoin with other coins is so important. But now I see only that it is easier to earn on the altcoin market

[cudora]

It was always bad, that some crypto currency depends on another one. But it is happening, because every investor holds some BTC, thats why the market dominance of bitcoin is huge. When the market dominance will reduce, alts won't depend on BTC so hard.

[kethan]

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

Of course, everything depends on the cryptocurrency market. But I still think that there are altcoin, which is absolutely independent of bitcoin. I also believe that only a little altcoin depends on bitcoin

[miklesm]

If the price of Bitcoin is falling, the whole cryptocurrency market is falling, too. This happens because the most altcoins are not traded to USD or any stablecoin, so the fall of BTC makes altcoins fall as well.

[Malam90]

Yes, dumping on Bitcoin affects altcoins' prices badly. The recent down trend in altcoins is for the dumping of Bitcoin as we have seen. If Bitcoin price is stable, altcoins have chance to pump.

[stue]

If the value of BTC depreciates, it will have a negative impact on Altcoin and other coins in crypto. Because the decline will also affect the altcoin value which also decreases. Altcoin is very dependent on BTC. If the value of altcoin grows significantly or consistently, it means that the condition of Crypto is in a good and stable condition.

[Igor.J]

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

Everything is bad and not only the fall of Bitcoin, which further reduces the prices of alts, but also the manifestation of stagnation and regression of the whole technology. And most importantly, no one wants to change this situation, and to influence some real actions.

[hawkins]

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

Everything is bad and not only the fall of Bitcoin, which further reduces the prices of alts, but also the manifestation of stagnation and regression of the whole technology. And most importantly, no one wants to change this situation, and to influence some real actions.

well, it will certainly be bad. not just bitcoin, in fact, when the price of ETH goes down, I think it will be dangerous for other altcoins. for now there is a decline in prices on bitcoin and eth, and can be ascertained that the altcoin price will also decrease.

[bamb]

It's definitely bad for altcoin that bitcoin is dropping in price. The herd effect will affect quality cryptocurrency to be badly affected as a result of panic sell! Bitcoin still has a big influence on altcoin and to a very large extent determine altcoinprice in the market!

[Sheghy]

I now hold to the big growth of bitcoin because in my speculation circulating the price of bitcoin is down, which means the next step is the price to grow. it looks like this is the crypto cycle.

[tonibyuzen]

The General mood of the whole market always depends on the bitcoin price. As we have already seen in a few years, as soon as the price of bitcoin begins to fall, all altcoins follow it. Therefore, for the further development and increase in the value of altcoins, it is very important that the capitalization of bitcoin grow.

[cryptorima]

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

Definitely it is bad for altcoins. Cause we know that if Bitcoin's price decrease continuously, then altcoins price also decrease very badly. 

[MirandaGreen12]

In the crypto market demand and supply forces are the one who is responsible for the prices of crypto and constantly it shows change over time because of the people selling their coins in the past time period i have seen big short selling of the bitcoin in the few months and and those who are big whales they are watching the market at all and if people start buying bitcoin this will change the prices of all coins.

[Successv]

In fact, now the situation looks even worse than it was in May and it is definitely bad for all altcoins!

[Hillore]

This is the worst news for altcoins, which can only be. The market is fully correlated under the influence of the price of bitcoin.