Is it bad for altcoin that BTC is dropping

[btc78]

Yes the market situation for bitcoin is not too good, and once people saw bitcoin fall down then they will also sell their alt coin, if you see the chart when bitcoin go down the alt coin also fall down, so the falling of bitcoin definitely impact the alt coin price in negative way

Only few  altcoins are pumping because being pumped by whales to inspire or encourage some foolish investors to buy and then after gathering some victims they will just dump the coins and boom some losers on the go.but bitcoin falling is a fall for altcoins also

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[Igor.J]

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

This is bad but not for all alts, some can cope with bitcoin addiction. But basically the current situation happened because of carelessness and lack of control over the creation of coins and tokens.

[xenomorphe1]

Yes, it is very bad for the altcoins as they are all traded with BTC. If someone want to exchange his altcoin with fiat currency, he will have to exchange it with BTC.
BTC is the main currency in the crypto market.

[terrific]

If bitcoin drops, altcoin will have a domino effect.
All altcoins are very dependent to the king and they will feel the effect.
IThis is why I have most bitcoin to invest first before other altcoins.

[eagle10]

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

Because bitcoin is king I believe it affects the movement of the altcoins which is not for me should be like that. In time, altcoins will move on their own without depending on bitcoin. But for now, let bitcoin enjoy where he leads the crypto kingdom. It is not yet ripe for any altcoins to take their own course because bitcoin is still dominating the market.

[sandra_x]

Any drop in the price of bitcoins affects the price of altcoins, not the other ways round. If you already have loads of altcoins ,then it is a bad idea otherwise it is a great buying opportunity.It is generally not nice,we all want a bull market

[Cryptotina]

Yes. That's because Bitcoin is seen as the father of altcoins, and Bitcoin is the most liquid cryptocurrency. Most Altcoins need to be converted to Bitcoin or Eth before they can be liquidated to US dollars. So when Bitcoin drops, you know what it means..

[Lacoste]

So funny, because when the market goes down:
BTC decreased -> Altcoins decreased,
BTC increased -> Altcoins decreased,
BTC traverses -> Altcoins still decreases.

The best thing up to now is worthless projects that have been and are on the verge.
The market will be thoroughly purified.

[EvgenOrel]

I can say from my own experience - BTC really matters a lot for the prices of most altcoins and the state of the entire crypto market. During the period of BTC price reduction, the entire altcoins market is falling. In fact, this is quite a logical situation, given the enormous importance of BTC for the entire crypto market.

[Monerw]

I can say from my own experience - BTC really matters a lot for the prices of most altcoins and the state of the entire crypto market. During the period of BTC price reduction, the entire altcoins market is falling. In fact, this is quite a logical situation, given the enormous importance of BTC for the entire crypto market.

SHIFT

https://www.shiftproject.com

https://international.bittrex.com/Market/Index?MarketName=BTC-SHIFT

[akram143]

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

the price of Bitcoin is increasing it will definitely not affect the any other altcoins because the connection between them is not been very good so if the price of Bitcoin increasing then people will decide to invest on other investment this is the way to develop the other investments also.

[TomArayaSlaya]

Every slight drop in BTC Affects almost all cryptocurrencies in existence so basically when BTC drop most coin especially the major ones experience the drop too though it might be in various degrees it still has impact on major digital currencies and i really hope that resistance get broken soon

[bonker]

The effect of Bitcoin drop will definitely effect everything if it was a good altcoin also the people will not try to invest in it so that demand and price drop will definitely reduce so that drop of Bitcoin will definitely affect the price of altcoins also.

[sodiik]

The decline in Bitcoin prices can have a bad impact on all coins. And this has been proven in the year 2018. All coin prices dropped very sharply and this is because Bitcoin dropped very sharply. But entering the year 2019 the coin price slowly recovered. And now Bitcoin has started to bounce and follow by all the coins.

[Coin_trader]

The decline in Bitcoin prices can have a bad impact on all coins. And this has been proven in the year 2018. All coin prices dropped very sharply and this is because Bitcoin dropped very sharply. But entering the year 2019 the coin price slowly recovered. And now Bitcoin has started to bounce and follow by all the coins.

Since most of alts were depend in bitcoin, being the most popular medium of buying and selling crypto, however some investors been active whenever the price of BTC moves that affect altcoins too when trading.

[LUCKMCFLY]

Now in the market is in a good stage, although this is still in the accumulation phase, but has increased widely the flow of purchases, both for bitcoin and for the altcoins.

This is favorable, because whenever bitcoin increases in price and when it is placed in a stage of prices that continue to rise, it could be said that for some this is the bullish trend stage, but it is not, although the price of bitcoin increase, and the altcoins begin to rise, it is all because the altcoins follow the price or the direction of bitcoin, so it will be seen very soon that they continue to increase in price.

The altcoins can be a great investment at this time because it is very likely that the market will continue to increase and according to this the altcoins will continue to increase, this is especially good for the investment of the altcoins that you own, they will have a good rate of profit , if everything continues as it goes and if the bitcoin takes the range of $ 11k all the altcoins will have great prices for their holders.

[samycoin]

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

We all know that if bitcoin will drop its always have affect in any coin like altcoins. Because some of them rely to the price bitcoin. But I think that now bitcoin is continously move up altcoins will be follow too so grab this opportunity to buy before new ATH come.

[Dexion]

We all know that if bitcoin will drop its always have affect in any coin like altcoins. Because some of them rely to the price bitcoin. But I think that now bitcoin is continously move up altcoins will be follow too so grab this opportunity to buy before new ATH come.

perhaps more appropriate is that altcoin is affected by price and market conditions. coincidence, bitcoin has a big influence on market movements, so some altcoins are like depending on the price of bitcoin on the market.

[Situk brok]

I think it's very good when the bitcoin price falls, most likely when btc falls the altcoin price will rise which I often see in the crypto market.

[Rana590]

At this moment, most of the altcoins are depending on Bitcoin which can be directly or indirectly. If price of bitcoin goes down then most of the coin's price also goes down. So, there is a connection with the price of bitcoin.