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JuliaJi
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December 28, 2018, 07:10:08 PM |
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It is bad, because as you see when bitcoin is falling - than falling eth and all altcoins, everything is depending from each other!
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Happy Miner
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December 28, 2018, 07:37:36 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 ?
If bitcoin continues to fall, then all altcoins will also become cheaper, but with greater speed. Now on the market there is not any coin, which does not depend on the cost of bitcoin. Therefore, the fall of bitcoin is always bad for investors. |
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Kelvinikke
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December 28, 2018, 07:57:16 PM |
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Well bitcoin is the major cryptocurrency for investing into cryptocurrencies such as the numerous altcoins so when bitcoin goes down it is makes almost all altcoins reduce in value. The reduction of bitcoin actually actually crushes several altcoins and you can check this daily on coinmarketcap anytime bitcoin reduces in value.
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Ninja Sword
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December 28, 2018, 08:31:06 PM |
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bitcoin falling consistently affects the altcoin, because with the sharp drop in the market people are selling their btc and how it affects other currencies because they are dependent on the price of btc.
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matricaria
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December 28, 2018, 08:40:35 PM |
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Yes, during the fall of Bitcoin, alternative coins are very much cheaper. But on the other hand it is a good time to buy such coins.
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tom14cat14
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December 28, 2018, 09:16:32 PM |
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I see that most of the altcoins depends on Bitcoin and Ethereum, and of course the price of these two can affect everyone else
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Ditlycel
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December 28, 2018, 09:39:15 PM |
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For the most part, of course bitcoin affects the market, because bitcoin is the Creator of all coins , and what happens to it is spread to all coins , I think you need to first look at bitcoin and then to other coins
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blackhawkeye1912
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December 28, 2018, 11:26:52 PM |
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Every altcoin is connected to bitcoin because bitcoin in required in the exchanges. Now, when bitcoin falls, it would only mean that altcoins fall also. And considering also that bitcoin is the most recognized. When a lot of people are selling their bitcoin, some people are also persuade to do the same too with their altcoins. That's the effect of being number one cryptocurrency.
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ifightformerkel
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December 28, 2018, 11:40:46 PM |
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Every altcoin is connected to bitcoin because bitcoin in required in the exchanges. Now, when bitcoin falls, it would only mean that altcoins fall also. And considering also that bitcoin is the most recognized. When a lot of people are selling their bitcoin, some people are also persuade to do the same too with their altcoins. That's the effect of being number one cryptocurrency.
Bitcoin is simply a leader in capitalization, and as long as it will greatly outweigh the scales in its direction, altcoins will depend on it. |
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bignice
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December 28, 2018, 11:46:51 PM |
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The price of Bitcoin is down certainly will have a bad impact on all Altcoin. And for now, we can feel the impact of the decline in Bitcoin so the price of Ethereum and all Altcoin collapses. Many people experience fear if they lose money and lots of panic sales, which further worsens the market price conditions.
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Theizestooke
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December 29, 2018, 11:50:07 AM |
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Bitcoin has a major impact on altcoins. So if bitcoin increases in the price then all the altcoin too. And similarly, altcoin decreases when the bitcoin decreases too. So dropping bitcoin is definitely bad for altcoin.
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gilangIDR
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December 29, 2018, 12:29:48 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 ?
If bitcoin continues to fall, then all altcoins will also become cheaper, but with greater speed. Now on the market there is not any coin, which does not depend on the cost of bitcoin. Therefore, the fall of bitcoin is always bad for investors. The effect of the price of Bitcoin is indeed so large against Altcoin price movements, when the price of Bitcoin decreases, it will also have an impact on the price movements of Altcoin. The majority of Altcoin prices are strongly influenced by how the price of Bitcoin moves. This is unavoidable because Bitcoin is the first available currency so Bitcoin is a pioneer in the digital financial system. We cannot avoid things like this because Bitcoin and Altcoin are the main components, let's increase the use of cryptocurrencies and we will get a new era in this world. |
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various
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December 29, 2018, 12:48:06 PM |
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Unfortunately, the drop of bitcoin affects badly almost all altcoins. This is inevitable when bitcoin's market dominance is high. Not too often but only a few altcoins are not affected by bitcoin.
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Mr.Noda
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December 29, 2018, 12:53:19 PM |
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Guys do not need to panic ahead of time. The bearish trend is nearing its end. Bulls come waiting for new heights at prices.
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moon sorcerers
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December 29, 2018, 12:53:46 PM |
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there is a big effect for altcoin when the price of bitcoin decreases, because bitcoin prices affect altcoin prices, when bitcoin goes down then altcoin also falls, bitcoin can be likened to the parent of an altcoin, so altcoin always follows the price movements of bitcoin
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Icologies
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December 29, 2018, 01:06:06 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 ?
in my opinion most of the altcoin ups and downs depend on bitcoin. because bitcoin greatly influences price movements in the market, bitcoin can also be considered a role model for other altcoins. |
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Question123
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December 29, 2018, 01:34:28 PM
Last edit: December 31, 2018, 01:59:22 AM by Question123 |
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They have some good effect because they can takr advatange to the bitcoin. Like ethereum when bitcoin decrease it is the time to shine for ethereum and once the investor see that they will invest and the price of ethereum will increase like a bitcoin.
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Wong Gendheng
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December 29, 2018, 01:35:27 PM |
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Guys do not need to panic ahead of time. The bearish trend is nearing its end. Bulls come waiting for new heights at prices.
Investors who have strong visions certainly will not panic with the current conditions, in investment, of course we must be prepared for bad conditions and I am sure that the market can recover |
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jrrsparkles
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December 29, 2018, 05:27:45 PM |
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Yes it is until the crypto currency prices depends on the bitcoin only,you can see that most of the media attacks only the bitcoin most of the time which results altcoins to fall more than bitcoin,so you should analysis the market of bitcoin ebfore investing on any coins which can save loss and help you to make profits.
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tomboi
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December 29, 2018, 06:18:09 PM |
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Having a fairly fatal risk for your results going forward, you can experience a greater loss than the depreciation of current crypto values. It could be that you placed the wrong coin on a scam altcoin. It's safe to keep holding BTC and let it get development in the future from crypto. You can get altcoins through participation in the ICO. That will be more effective.
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