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taiwww
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May 30, 2018, 02:45:04 PM |
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I dont think it is bad at all. They all are independent of each other and mostly depends upon the project developments according to the roadmap. If they are having their passes completed in the time then more investors get attracted to them and thus they receive better volume day by day. Thats the real value of the altcoin and not what we see when there is drop in the BTC and thus ALT also dropping. Its complete misconception of almost each and every person here.
When we the drop of each and every coin then it is effect of global market drop not the BTC drop affecting the other coins.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Ariess
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May 30, 2018, 02:54:34 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 ?
yes, this will be very bad when bitcoin prices tend to decrease. this is why bitcoin is so binding on the market. Thus, bitcoin greatly affects the growth and decrease of altcoin. |
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Bessta
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May 30, 2018, 03:01:47 PM |
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I actually notice that there is a correlation between the altcoins and bitcoin. If you notice the graph of the coins, whenever the bitcoin goes down, the altcoins will follow. I don't know if this is going to change in years and the altcoins will become independent. But now, I am sure that altcoin price will depend on how the bitcoin price moves. Probably not all but most of the altcoins just follows bitcoin.
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Triss Merigold
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Activity: 294
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The Future of Security Tokens
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May 30, 2018, 03:08:16 PM |
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If bitcoin falls, then altcoins in an even greater fall in the market. I believe that as long as there is no perfect coins, which would be completely independent course from your Bitcoins.
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Eijrafarm
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Activity: 224
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May 30, 2018, 03:09:19 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 ?
BTC is the core of cryptocurrency. It is understandable that when BTC price will fall then almost 80% of existing coin would surely fall. This is already proven over the period of time in cryptocurrency market. |
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manhont
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May 30, 2018, 03:13:43 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 ?
BTC is the core of cryptocurrency. It is understandable that when BTC price will fall then almost 80% of existing coin would surely fall. This is already proven over the period of time in cryptocurrency market. There remains only one question, when finally coins appear that will not respond to these price changes of btc |
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capoklhok
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May 30, 2018, 03:14:37 PM |
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Bitcoin is still too influential for most altcoins and I think that the fall of BTC prices it sngt strong influence on other markets, but The most important thing to remember during the slowdown is that it's normal for the crypto market to have a negative year - it's part of the cycle. Stay calm and not make sudden moves, we'll save ourselves.
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baduday1991
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May 30, 2018, 03:16:33 PM |
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Yes it's bad especially for those altcoins with no strong fundamentals upcoming they will follow Bitcoin downtrend because a lot of people are panicking like the end of the world. But when you choose the altcoins with upcoming strong news for sure you will be fine. Goodluck.
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Kaller
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May 30, 2018, 08:24:14 PM |
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It is bad for every coin in the market that the price of bitcoin is down. The prices of all the coins in the market depends on the price of bitcoin. This is why bitcoin needs our support because if bitcoin is not doing well then the other coins will not be doing well either. There is no need to worry though, the price of bitcoin will increase, so will the prices of all the altcoins too.
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SolomkA
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May 30, 2018, 08:44:14 PM |
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This is not bad and not good. This means that the total capitalization of the market will fall.
It happens that bitcoin falls and altcoins grow, or vice versa, bitcoin pulls money from the altcoins.
You need to understand what is happening in the market, monitor the price and try to make money on the ratio of coins.
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indobitcoin.tk
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May 30, 2018, 08:47:08 PM |
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bitcoin down will affect the altcoin which was later dropped. This hand in hand about the rise and fall of. many are selling bitcoin when down and altcoin holders altcoin also afraid they fall so simultaneously they also sell this and make things increasingly chaotic.
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Procopiogamscrypto
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May 30, 2018, 08:56:30 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 ?
The way we saw fluctuation of Bitcoin really affect the price of different altcoins because they are correlated with any variation of price , yet it is normal as they are defending on bitcoin price. |
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Natium
Full Member
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Activity: 378
Merit: 100
The Protocol for the Audience Economy
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May 30, 2018, 08:58:10 PM |
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One could notice that when the bitcoin fell, most coins fell too, so a lot of alts depend on bitcoin!
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bionicl34
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May 30, 2018, 09:00:11 PM |
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of course it's bad for altcoins. because I noticed that when bitcoin falls, all altcoins also fall in price.
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Ailmand
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May 30, 2018, 09:20:21 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 ?
A little bit of both I think. It's bad because we know that some altcoins derive it's value and movement to how Bitcoin is moving, and so, if Bitcoin is falling in value, then they would follow the same path and trend. On the other hand, there are also some coins that have an opposite trend with Bitcoin, so if Bitcoin falls down, they go back up. So, to rate if it's good or bad, that would depend on the coins you are holding. |
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DarkHerO15
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Activity: 254
Merit: 10
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May 30, 2018, 09:53:46 PM |
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Altcoins are mostly depending on the Bitcoin itself, because they are alike it. You might notice that if Bitcoin is going down that alts are also doing the same.
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Dimalol
Jr. Member
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Activity: 102
Merit: 4
Revolutionising Marketing and Loyalty
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May 30, 2018, 10:04:14 PM |
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I would like to say that in General for all coins and tokens it is very bad if bitcoin loses its value,because as everyone would not like it but bitcoin is the most influential currency and all the prices go from it!
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biletskiy
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May 31, 2018, 10:12:27 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 ?
Prices of top cryptocurrencies follows each others. I have noted that yet long time before. But I don’t think that there is no difference between development lines of various coins. But to see them you need to take a lot of experience. |
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FreddySelvig
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Activity: 125
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May 31, 2018, 10:22:20 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 ?
Dont you see how this affects the altcoins?  If Bitcoin goes to a new bottom, then altcoins can be forgotten for an indefinite time because the price will fall even more. But I hope that June will still be months of growth  |
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louie69
Member
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Activity: 322
Merit: 12
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May 31, 2018, 12:32:56 PM |
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As per observation, everytime there is a bear market, altcoins always had been affected once btc had a downward trend meaning a drop in price. I came to
notice this trend in the past 5 months of my presence here in this forum and I believe that btc is somewhat like the baseline in every drop in price because alts and btc are correlated with the other. But what is happening in the current market, this is just temporary and not permanent since btc will continue to rise in the coming months.
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