Is it bad for altcoin that BTC is dropping

[alex_kir]

It seems to me that yes, because in dollar terms, many projects are beginning to fall as well, and so can be said about converting directly to BTC, so I would probably say that this is bad. Perhaps, as always, there are two sides of the medal, so no need to worry.

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[D3m1r4wanti]

Altcoin dropped Bitcoin (BTC)? currently the price of bitcoin remains the benchmark for all altcoin prices.
so I am sure that Altcoin has never dropped the price of bitcoin

[odranoel]

In my opinion it is bad for altcoin that BTC is dropping because some of altcoin are depending on the price of BTC because BTC is the highest of all currencies. As we can see in the blockfolio the price of BTC decreases, so perhaps next year the price will go high.

[Choco99]

In my opinion it is bad for altcoin that BTC is dropping because some of altcoin are depending on the price of BTC because BTC is the highest of all currencies. As we can see in the blockfolio the price of BTC decreases, so perhaps next year the price will go high.

True, altcoin seems to drop more rapidly if BTC is dropping.

[benjamin11]

In general yes its affects the price of altcoins. Majority of altcoins decrease in value as bitcoin's price drops. Majority of crypto uses bitcoin as their paring in majority of exchanges. Also people panic when they see bitcoin is dropping and they sell their coins immediately at a lower price. Majority of altcoins depends on bitcoin in terms of volatility.

[bitcoin31]

Price of the altcoins decrease also. Because they are connected to each other they are need each other to increase again their value.
If want to see the price of the altcoins rise it's better to invest too to bitcoin and everyone will gets benefits.

[ankusharora1980]

yes its bad for altcoin also because whole crypto world surround around bitcoin so it will also go down if bitcoin price reduces. So it should be raise.

[SyrulRamadhan]

it's normall if the price of bitcoin goes down then the altcoin will definitely go down. I suggest investing in bitcoin now because it is safer than the altcoin that follows the price of up and down bitocin

[Baimovic]

yes its bad for altcoin also because whole crypto world surround around bitcoin so it will also go down if bitcoin price reduces. So it should be raise.

yes, Bitcoin is indeed very influential on the condition of Altcoin because of what often happens is if Bitcoin goes down then Altcoin also goes down.
Bitcoin plays an important role in the development of Altcoin so I hope that if Bitcoin will develop so Altcoin will also develop.

[novy]

I have observed that any BTC movement would it be up or down, all the time altcoins are in trouble. It causing by BTC domination. When BTC domination was under 40% the impact was less.

[testadimerlo]

From what I see when the value of btc goes up the alt collapses, when it comes down the same thing happens. We would like to hope for some stability, but these days it's difficult.

[Erzinnum]

The answer is simple and very clear. You just need to open the graphics for example on coinmarketcap. The dependence nicely visible: everything follow the bitcoin price

[bangjoe]

the lower the price of bitcoin, the worse the impact on altcoin is because even though both are on their own line, we cannot deny the fact that altcoin follows bitcoin prices, when bitcoin prices fall then altcoin prices will tend to fall and if bitcoin prices rise then altcoin will tends to rise

[sonicwave]

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

The effect of one is if bitcoin falls, altcoins are falling behind him. I have not seen the reverse. According to altcoins from bitcoin indestructible at this point in time. and their dependence will continue for years.

[sssergy]

If top coin like Bitcoin, Ethereum and Ripple price down all altcoins price will be down. Sometimes different happened some altcoins more dump or pump.

[martina14]

For me dropping of Bitcoin in the market price is not good for any alternative coins.
I will example it here in my country, If i have any kind of alternative cryptocurrency i need to exchange it first to BITCOIN.
Then after having BTC i need to change it to FIAT before withdrawing it. If BTC is low then i will get low amount too.

[Akpuv]

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

You may even conclude that bad is an understatement. Bitcoin is the stem for the altcoins. Once it is pulled down or dropped, the entire altcoins will probably crash.

[Lake20]

The influence of Bitcoin on the overall market cannot be underestimate, Bitcoin is the face of Cryptocurrency and it determines virtually the swingness of altcoins price though this is not good for the market. Individual altcoin should be able to grow on their own but the truth is that the market has not reached that level of maturity.

[Sanford]

BTC is the icon that everyone is looking at. Of course, having such an impact on the entire cryptocurrency economy makes Altcoins dependent. But soon there will be new times. If the market collapses completely, perhaps Bitcoin will cease to be king.

[bgpsq]

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

Bitcoin and other cryptocurrencies are connected each other, when people panic, they are selling Bitcoin and also other altcoins, but also if there are good news, people start buying Bitcoin but also other altcoins.