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SaRmY
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November 24, 2018, 10:43:16 AM |
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Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
Well, in fact, everything is simple. Bitcoin domeniruet. Bitcoin drops reacts the entire market. Of course it's all interconnected. Investor confidence so to speak. But now the price is not very good. And the whole market is rolling in the vase. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Lazada
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November 24, 2018, 10:46:02 AM |
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Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
Well, in fact, everything is simple. Bitcoin domeniruet. Bitcoin drops reacts the entire market. Of course it's all interconnected. Investor confidence so to speak. But now the price is not very good. And the whole market is rolling in the vase. Bitcoin is used as a benchmark in determining the altcoin price. Likewise with Etherum. That it can be interpreted that Bitcoin and Etherum are pioneers in the crypto financial system. When something happens to Bitcoin and Etherum, it will have a serious impact on the price changes of all coins. So, we must be able to analyze the occurrence of Bitcoin and Etherum. That way we can make a flow when there is more movement towards Altcoin. |
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carechikett
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November 24, 2018, 11:55:30 AM |
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Just HODL
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mastersay
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November 25, 2018, 12:18:21 AM |
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Yes it is completely dependent on the price value of btc or eth. Because they refer their prices to those coins. So when those coins pumps or dumps, the price of the token also be potentially pumps or even dumps.
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deredevil
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November 25, 2018, 01:04:49 AM |
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All coins in crypto have the same guidelines, namely Bitcoin. Indeed, not entirely the growth in the price of coins depends on bitcoin, but bitcoin has a major influence on the development of their prices. The rest is in the ability of every coin to develop and market their technology to get supplies from many investors.
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Tylev
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November 25, 2018, 06:42:22 AM |
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The price of all cryptocurrencies depends on the price of Bitcoin. Ethereum also depends on the price of bitcoin. Now, when the price of Bitcoin drops sharply, we can see how the synchronous fall in the price and the rest of cryptocurrencies. As long as Bitcoin exceeds the remaining cryptocurrencies in terms of capitalization, it will exercise price dominance over other types of cryptocurrencies. I think that such a dominance of Bitcoin, with the development of other cryptocurrencies, will decrease with time.
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avonka
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December 29, 2018, 11:39:24 PM |
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This market is relatively small and BTC is dominating it and all the altocins are highly dependent on it`s price movements. Alcoins are just following the market leader. In the future this will change when the market becomes bigger, there will be more independent coins.
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Averaged
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December 30, 2018, 11:32:33 AM |
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It is unrealistic to expect altcoins to be fully independent in the coming year. But if I see at least moderate amount of decoupling, I'd be calling that the bull is near.
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LUGHUL
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December 30, 2018, 11:43:56 AM |
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Yes I agree with you Bitcoin is a benchmark for altcoin. If the bitcoin price drops then the altcoin price will follow it and vice versa. And for ethereum I'm not sure he can be a benchmark for other tokens.
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benjamin11
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December 30, 2018, 12:27:28 PM |
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Somehow yes it depends on the price of BTC and ETH. Generally when bitcoin and ethereum's price drops, majority of altcoins also drops. Maybe because most alcoins are being bought using bitcoin or ethereum so when their prices drops, the value of altcoins also decreases. But not all. There are some altcoins that gain momentum whenever there are a decrease in bitcoin or ethereum's value.
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simpelplan
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December 30, 2018, 01:07:48 PM |
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not all Altcoin but the majority of altcoins still depend on Bitcoin and Ethereum. especially Bitcoin, the price of bitcoin is very influential on the situation of the crypto market.
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adterna
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December 30, 2018, 01:13:56 PM |
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In my opinion Bitcoin actually affects the altcoin price, if Ethereum is an altcoin, so it's just a bitcoin that affects the altcoin price, Ethereum has an influence on altcoins that are under the ETH platform.
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GGmith
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December 30, 2018, 01:19:22 PM |
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actually not all of these altcoins depend on the price of bitcoin, what I know is that there are several other factors that can affect the increase in altcoin prices, as well as positive news about crypto because of that one of them, hopefully my views are not wrong in evaluating this.
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jt byte
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December 30, 2018, 01:20:57 PM |
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Of course that altcoins are dependent on Bitcoin. Because people see cryptocurrencies as a whole, if Bitcoin falls all altcoins fall because there is panic and people stop believing in a good future.
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Perfect35
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December 30, 2018, 01:48:11 PM |
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Both bitcoin and ethereum are like standards for other altcoins. Although, there are still quite some number of altcoins that are paired with others as their base pairs.
The coin that determines or that other altcoins are dependent on most is bitcoin. If you check the dominance level of bitcoin in percentage, it is a little above 50%. Which shows that it is the most determinant factor, followed by ethereum.
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Crystal Method
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January 02, 2019, 08:27:21 AM |
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It is normal for people to panic sell altcoins if bitcoin price is going up quickly. Likewise if bitcoin price is declining rapidly, people will buy altcoins to hedge against the bitcoin price drop.
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HichemFetoui
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January 04, 2019, 10:27:08 PM |
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i think this is temporary we will see a more logical movement in the price soon when all project complete their development phase no more nonsense correlation in the near future i think!
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BTCreward
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January 04, 2019, 11:37:12 PM |
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To some extent, Yes, because if the price of Bitcoin or Ethereum increases, then the price and altcoin also increase accordingly, even if the price ratio with Bitcoin or Ethereum remains the same.
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Mesquito
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I'm creative and work how you need for ETH and BTC
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January 05, 2019, 03:59:34 AM |
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Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
All altcoins depends on the price of Bitcoin, as Bitcoin is the representation of all of them. Even Ethereum depends on Bitcoin's value. About Ethereum's tokens, all of them depends on Ethereum, while Ethereum depends on Bitcoin, so all of them also depends on Bitcoin. If you is a beginner on investing on cryptocurrencies, I recommend you what I personally think is the easiest platform: CoinBundle. Bundles are a new form of investing that they created, where you don't choose which coins to buy, but choose to buy any package/set/category of coins you want (they are called bundles). Coins on a kind of bundle are related to each other, as follows: Conservative bundle (basically Bitcoin and Ethereum, the most established coins), Emerging/Aggressive (respectively with more coins, recommended for more experienced investors), Halal (the world's first to comply with the Islamic Finance), Coinbasic (inspired by Coinbase Bundle but improved), Top 20 (containing the 20 highest coins on market capitalization) and soon it will have possibility to create your own set, were you will earn commission when it is sold |
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Sarisang
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January 05, 2019, 04:05:29 AM |
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both of these coins will give a big impact on another crypto. What happened to ethereum and bitcoin can be used as an initial reference point will be to determine whether it is in selling and buying. It is natural I think because both are great especially crypto bitcoin himself dominated the market so that it will have a big effect on any movement.
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