Is it bad for altcoin that BTC is dropping

[Open4lies]

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

On some alts especially those that are dependent with Bitcoin, would negatively affected by the sudden downfall on the price of Bitcoin. The majority of the market cryptos are on downtrend because there are cryptos which are dependent with one another and is something like domino effect. But what we should look forward with is the probability of the market to recover. For now, be patient with the market behavior.

It can not be denied that BTC rates have a huge impact on altcoins in the cryptocurrency market. So if the BTC rate falls, the altcoins will naturally decrease. But the prospect of a big BTC rate will rebind to $ 20,000 as of the end of 2017, and market cap will soon return to the $ 300 billion.

[blackhawkeye1912]

Yes,  it is bad for altcoins that bitcoin is falling. Imagine,  bitcoin is the number 1 cryptocurrency,  if bitcoin is falling it means other coins will be affected. The confidence of investors is based on majors coins. Major coins are the basis of the market as good or bad days.

[Lagduf]

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

On some alts especially those that are dependent with Bitcoin, would negatively affected by the sudden downfall on the price of Bitcoin. The majority of the market cryptos are on downtrend because there are cryptos which are dependent with one another and is something like domino effect. But what we should look forward with is the probability of the market to recover. For now, be patient with the market behavior.

It can not be denied that BTC rates have a huge impact on altcoins in the cryptocurrency market. So if the BTC rate falls, the altcoins will naturally decrease. But the prospect of a big BTC rate will rebind to $ 20,000 as of the end of 2017, and market cap will soon return to the $ 300 billion.

Bitcoin value dropping affecting greatly when it comes to the price of altcoin to usd for all those altcoins and sadly people aoways judge a coin based on its price to dollar so I can see why this value dropping could fundamentally or emotionally to altcoin market

[batang_bitcoin]

Bad for some altcoins and few for the rest.

If you noticed, when bitcoin is dropping the rest of the altcoin market is also dropping. But not all of them, few are surviving and fighting the wave of that trend which results them to move up in price while bitcoin is going low. There's a connection to all altcoins and for bitcoin so there's always an opposite and domino effect.

[Nadal_08]

I think the bitcoin price is already bottom, if you can invest right away. I think bitcoin is good, remember this range last year its price as it is now and it raised $ 20k in less than two months.

[tterrorpipa]

Of course it is bad because when bitcoin price falls, there is a certain reply of market fall also in the other coins and tokens. I think in my opinion, it is because all of the coins and tokens, refer their value to btc so when bitcoin value falls, then so as their coins and tokens.

[Wexnident]

Yes,  it is bad for altcoins that bitcoin is falling. Imagine,  bitcoin is the number 1 cryptocurrency,  if bitcoin is falling it means other coins will be affected. The confidence of investors is based on majors coins. Major coins are the basis of the market as good or bad days.

Yeah, also just like an Empire with a failing King everything would be affected. Can't deny that most of us do holds our most of money with Bitcoin since it is the rank 1 with the highest price now, Example on Trading or buying some altcoins no one will buy using bitcoin or ethereum when the price is on downtrend. Bitcoin is the basis of the altcoins, Drop is to Drop, Rise is to rise.

[sultanGol]

Most of the time, it is bad for the price of Altcoins, as you probably guessed. But there are exceptions of course, but hard to predict which one will be.

[changxia]

The decline in bitcoin is devastating for the altcoin, and the altcoin is very fragile and can easily cause a lot of panic selling. This may be a good thing, quickly let some garbage disappear.

[MancyZz]

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

On some alts especially those that are dependent with Bitcoin, would negatively affected by the sudden downfall on the price of Bitcoin. The majority of the market cryptos are on downtrend because there are cryptos which are dependent with one another and is something like domino effect. But what we should look forward with is the probability of the market to recover. For now, be patient with the market behavior.

It can not be denied that BTC rates have a huge impact on altcoins in the cryptocurrency market. So if the BTC rate falls, the altcoins will naturally decrease. But the prospect of a big BTC rate will rebind to $ 20,000 as of the end of 2017, and market cap will soon return to the $ 300 billion.

the advantage would be very capable of being much the ability to continue to grow. In addition to this Bitcoin always compete with Altcoin. in the circumstances the Bitcoin drop, Altcoin has a chance to overtake Bitcoin, so be a good opportunity for the advancement of Altcoin.

[BlockchainGod]

When bitcoin falls, usually all other coins fall because bitcoin is the king of coins.

[laoou]

BTC is the dominant force in this market, and its strength can definitely determine the direction of Altcoin. I think this will continue until the price of BTC stabilizes.

[Gromx]

I agree that bitcoin sets the direction of movement of other coins.Unfortunately, we are now in a clear lateral movement and there is no clear growth.Therefore, talk about the growth of altcoins is not worth it.

[ukboss]

I'm a professional cryptocurrency trader; I'm working in cryptocurrency around 3 years. I'm always observing cryptocurrency market. If bitcoin pump on the same time some coin price is growing with bitcoin but if you think most of the coin is growing with bitcoin so your thinking is not perfect because when BTC price is pump on that time some coin stay as a same price but without btc pump lots of coin pumping. It is not a bad effect for altcoin market.

[Perkovic]

this is unambiguous because other coins are very susceptible to any oscillation of bitcoin

[rhenrhen]

In some other ways, because Bitcoin is the King of All Coins, it affects other coins.Though there are some instances wherein, it didn't affect other altcoins at all.

[isen]

I'm a professional cryptocurrency trader; I'm working in cryptocurrency around 3 years. I'm always observing cryptocurrency market. If bitcoin pump on the same time some coin price is growing with bitcoin but if you think most of the coin is growing with bitcoin so your thinking is not perfect because when BTC price is pump on that time some coin stay as a same price but without btc pump lots of coin pumping. It is not a bad effect for altcoin market.

That's right, when bitcoin grows, some of the altcoins stand still, and vice versa, when the altcoins grow, bitcoin grows slowly or stays in place.

[michael23]

If we consider that Bitcoin is the leader in capitalization and therefore all alternative coins follow Bitcoin, then Yes, it's bad if Bitcoin falls, because altcoins will fall after it.

[jayc89]

This is of course connected, the price of altcoin depends entirely on the value of bitcoin, respectively, if we see that bitcoin is reduced, then wait and drop the value of altcoins

If Bitcoin is dropping in value go and wait somewhere then look at the price again. The price could recover this month.

[sladkoejka]

in the fall of the market for each its pros and cons. for whales this is undoubtedly good - after all, they will then buy at the lowest possible price and specifically crush the market. but for ordinary people not so. from the beginning of the year, coins fell by 80% and this year many lost their money