Is it bad for altcoin that BTC is dropping

[burky155]

I am not sure what should i answer to your question. But i believe it works separately because i have seen that while the Bitcoin price falls the other altcoins price could raise. I believe the Top10 coins price is related with each other not all coins. For example if the bitcoin or the ethereum price falls Litecoin, Bitcoin Cash, Stellar and ripple would fall. But the other coins could raise. Its all about the top coins.

[Sevarchik]

Yes when bitcoin dropping market going to depression and trading volume decreases for altcoins.
If you want earn moneys in usd, then sure this is bad, price of alts move together with btc in usd

[zxl912157]

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

It's just a lie if you put your money in altcoins. LOL

That won't benefit you because altcoins and Bitcoin are cryptocurrency that can't be guessed at.
It's better you HODL trueUSD, USDT, DIGIX or bit USD, coins are stable. LOL

[calya]

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

All coins are affected when BTC Is dropping in market because as far as I know this is the one they bases for in terms of increasing price.In this several days it was nothing to say but just waiting for the comeback.

trading altcoin beside has risk ,its also give us huge profit if our altcoin rate rise.moreover if bitcoin rate rise alot ,our price can be doubled cause of this condition.

[kdiag]

altcoin's constantly follow bitcoin, if bitcoin falls, then my entire portfolio decreases several times, for me it is bad, and for traders any price movements are another opportunity to make quick money.

[mammoniter]

In some ways yes. When bitcoin price is dropping, other cryptos that using bitcoin as their pair in some exchanges also drops. But not all altcoins are affected because some has its own platform and a specific purpose and a strong community that helps the altcoin to stand still amidst from bitcoins dropping. In fact, some altcoins are increasing in terms of value when bitcoin drops.

[Kevinatin]

Yes it is, unfortunately the price of all altcoins depends on Bitcoin. Only having a use for themselves they can exist independently.

[GGmith]

right when the price of bitcoin fell a lot of them chose to sell coins and buy some other altcoins. there are many factors that influence the decline in botcoin prices, such as negative news about crypto that has sprung up and has reduced the interest of large investors also to buy bitcoin again.

[Mr.grin]

Yes it is, unfortunately the price of all altcoins depends on Bitcoin. Only having a use for themselves they can exist independently.

well, most people hold the altcoin they collect. I think that is very bad if the altcoin price starts to fall. you're right, besides bitcoin, altcoin prices also depend on ETH prices. if both of these coins go down, you can be sure other coins will also decrease.

[Adhichan]

In some ways yes. When bitcoin price is dropping, other cryptos that using bitcoin as their pair in some exchanges also drops. But not all altcoins are affected because some has its own platform and a specific purpose and a strong community that helps the altcoin to stand still amidst from bitcoins dropping. In fact, some altcoins are increasing in terms of value when bitcoin drops.

but rate altcoin in usd drop to usually, except their rate bitcoin rise alot.altcoin and bitcoin could not separated both of them have strong correlation in market.

[Puyol]

Even bitcoin's price will go up, altcoins' prices will not go up as much as bitcoin. We should follow top 10 coins nowadays. We saw decreasings again yesterday its a sign of bear season. Bull season hasnt come yet so we should stay on top coins not altcoins.

[agusiska]

of course, if bitcoin was dropping, all altcoin will be affect for sure, because bitcoin was a benchmark or mother for altcoin itself.

[randyg29]

It makes all currency dropped their value in the market that we can't control even the currency you are holding is also a better currency in the market. And it is really bad for those currency that Bitcoin's price will dropped because it will make some people reached their panic side that changes their mind about what will they pursue on holding the currency or selling it right away.

[sekop]

The risk that you will face is even greater. If you already have BTC. Keep on maintaining even though the price has dropped. Bitcoin has a historical record, with it experiencing a deep decline, and at one time, BTC was able to skyrocket in an instant. For the next, there is hope that Bitcoin will return to carrying out that mission. So don't sell BTC to buy altcoins.

[fortelen]

I think this is the cycle of crypto himself falling. for this year's special indeed becomes a bad time on crypto because everything is falling at this time. It's good to altcoin and all the same, bitcoin was falling and will need time to recover be high again. just wait when all crypto mainly bitcoin ride then altcoin will also be up.

[bittick]

In some ways yes. When bitcoin price is dropping, other cryptos that using bitcoin as their pair in some exchanges also drops. But not all altcoins are affected because some has its own platform and a specific purpose and a strong community that helps the altcoin to stand still amidst from bitcoins dropping. In fact, some altcoins are increasing in terms of value when bitcoin drops.

but rate altcoin in usd drop to usually, except their rate bitcoin rise alot.altcoin and bitcoin could not separated both of them have strong correlation in market.

And the worst thing that when a lot of people are liquidating their altcoin for bitcoin instantly and that will create massive crash that will give a lot of impact to the whole of crypto market especially altcoin low and medium tier.

[kostepanych2]

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

Of course it is bad for Altcoins... When the price of bitcoin falls, the price of altcoins falls much more...
And many of them will not survive it...

[elenka n]

This is very bad, because all the coins are tied to Bitcoin and their prices depend on the main cryptocurrency!

[crzybilly]

It is awful for all altcoins, because the market dominance of Bitcoin is too big. Just look at the stats, the current dominance is above 51 percent. It means that all other coins are following Bitcoin if it goes down or up.

[deepakg2m]

Bitcoin is the market leader in cryptocurrency capitalization and that is why if Bitcoin falls then altcoins will fall after him. Altcoins will not fall after Bitcoin only if there is a transfer of funds from Bitcoin to altcoins.

Actually yes, somewhere it is having adverse effects on altcoins too. Mostly people are thinking that as the most valuable coin is falling so sooner or later cryptocurrency market will collapse. Hence they are quiting .