Is it bad for altcoin that BTC is dropping

[Google+]

when the bitcoin price falls then it will give a bad thing to the altcoin price because the altcoin price depends on the price movement of the bitcoin so when the bitcoin price falls the altcoin price will also fall. so this will give a very bad thing for altcoin price movements.

[deodivine1]

Due to the nature of crypto market, the fluctuating price of Bitcoin affects the market generally. So yeah, altcoins are affected because if you check their pairs on exchanges, their worth is measured in BTC value, not otherwise. Let's see what the future holds, if there will be changes to this and the dependence on BTC will reduce.  

[cryptofunn]

if bitcoin falls, then the whole market falls, if bitcoin grows, then altcoins will briefly fall too. But with a bitcoin flat, the altcoin market will start to grow. Hence the conclusion, if you believe in the growth of the market, then you need to buy altcoins on a drawdown

[aioc]

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

Of course, the chart can tell us that it is since these altcoins came, it's price always depends on Bitcoin price whenever Bitcoin price drops the altcoins follow, it's always been this way, makes me wonder why there are so many ICO even if we are in the bear trend.

[d3nz]

Definitely, Each altcoins value will drop and no more resistance since the value of BTC is decreasing.

So it would be best to only invest in BTC, not in altcoins  

[trash321]

I hope there will be no situation where btc is growing, and alts are all falling together, such movements were characteristic last fall

Of course, it would be great if the BTC did not fall and only grew like in 2017, but you are not a stupid person and you know that in most cases, all financial instruments happened just like in BTC. From the very beginning, HYIP and then stabilization

[RobotNIK]

Of course, this is bad, because the rest of the coins will go down after Bitcoin, and this is not good!

[shvetseu]

History says, that every time BTC falls, altcoins follow him. And vice versa. Someday, this synchronization will be broken, but not in this year definetely.

[chikucrypto]

This is really very bad for altcoins because all altcoins are running behind the BTC and their price is also set by the price of BTC . You can see whole crypto market is based on BTC because BTC have great volume and lot of potential.

[pearcy jackson]

the symbol of Cryptocurrency is Bitcoin, so I think when BTC prices go down it will automatically influence people's opinions about Cryptocurrency. and Altcoin is Cryptocurrency, surely the impact is very pronounced

[miltonpogi]

Of course it is bad because most altcoins (even ethereum) is still tied to the price of Bitcoin or what we say they are base on satoshis. If Bitcoin's price fell, then so do altcoin. This is how the market goes. Some say that some altcoins are staying away from Bitcoin and they are only going to base on USDT, I doubt it will work.

[bajindul88]

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

Almost all altcoin activities depend on the community not on Bitcoin, so I think Bitcoin is not the only factor that causes altcoin prices to fall, bitcoin is only a benchmark currency against other crypto currencies. the same as ETH, which is the benchmark for the price of tokens for the project that follows it

[tepyh]

By itself . After all, grandfather's bitcoin ... and if it falls, it will pull everyone down, it will continue in the next couple of years.

[tranle1267]

 the bitcoin has big volume and leader thi crypto market, when the price of bitcoin drop it will get big affect to the price of altcoin.
i think this is not bad for the altcoin, the market is unstable so the price of altcoin will go down and up in many period.

[Golftech]

Of course it is bad because most altcoins (even ethereum) is still tied to the price of Bitcoin or what we say they are base on satoshis. If Bitcoin's price fell, then so do altcoin. This is how the market goes. Some say that some altcoins are staying away from Bitcoin and they are only going to base on USDT, I doubt it will work.

It won't work I guess, Alts are still relying with Bitcoin and that's still the fact inside this industry,when btc dropping Alts surely followed they are not exempted as investors will keep their Bitcoin against Alts, trust coming from investors are still for Bitcoin and it will stay that way.

[futuristishe]

The price of altcoins has always depended on the price of bitcoin. There was a parallel between them. As soon as bitcoin grow immediately began to grow altcoins. And of course the opposite is true. Therefore, the growth of altcoins can be predicted by the growth of bitcoin.t

[Michaelsch]

It's not good, because almost all altcoins depend on Bitcoin. In such market conditions, investors trust mostly in Bitcoin and when it drops, everything is dropping as well. Sad, but it is true.

[bitcoinst]

For most people, bitcoin is an indicator of the trend of the market; if bitcoin drops, this sets a downward trend for the market and many start selling their altcoins, which leads to certain consequences.

[Litefoxx1698]

All altcoins follwo bitcoin and react on this dropping also. Bitcoin is a leader and if it down other coins down too, but I think this is current situation

[akeda]

Yes, of course this is a worrying condition, bitcoin can be said to be the parent of all coins if the price goes up, of course other coins will follow, and vice versa, the price of bitcoin ups and downs does have other coins