Does Altcoin price depend on BTC or ETH??

[yingfeng]

Of course. The prices of all Altcoins depend on the price of Bitcoin. Many investors, when they want to buy any coin or token, first buy Bitcoin. Then they buy Altcoin selling bitcoins.

[felicita]

thats a very good Question the only think i can say since 4 years iam watching daily charts and allways when bitcoin goes down mostly all altcoins also droping down in prize 


kind regards

[veter2601]

At the moment in the cryptocurrency market dependence of all the coins from btc video. eth the second in the capitalization of cryptocurrency, and its growth or decline depends on how to behave in btc . From what is happening in the crypto market it is seen that the bearish trend for all coins at the moment specifies btc.

[bboyjohn]

It is quite wrong to say that the prices of all coins depend on the bitcoin or ether price. The prices of coins or similar products that have low market volume, which have just recently been released, are listed on any stock exchange, may increase or fall sharply

[nik009]

I did not notice that the fall of ETH strongly reflected on the price of other altcoins. Usually, the red market begins with the fall of the bitcoin, which drags to the bottom both the top and the weak altcoins.

[zedaq]

Yes, the unique credentials of altcoins directly depend on what opportunities are now in the BTC and ETH projects. Of course, to a greater extent, many projects depend directly on BTC. It is clear and understandable that BTC is the lead project.

[pochinkin_77]

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.

only when you are talking about some small altcoin in my opinoon the big ones are quite independant and you will see thzt

[pochinkin_77]

Yes, the unique credentials of altcoins directly depend on what opportunities are now in the BTC and ETH projects. Of course, to a greater extent, many projects depend directly on BTC. It is clear and understandable that BTC is the lead project.

gjere are a lot pf different altcoins znd the polocy depends on the peopek who hazve developed it so it differs form one project to another

[nangiarushali]

Yes, actually it is dependent on the price of Bitcoin and Ethereum. The Altcoins are majorly based on Bitcoin and Ethereum, so their trading is also affected by the price of Bitcoin and Ethereum.

[ripple]

Probably yes. Bitcoin and ether are the most common types of electronic money. . So, they are basic and the cost of the rest they significantly influence. Altcoin is still influenced by bitcoin and ethereum because these two coin are the best cryptography with the largest trading volume. Even the price of an ether depends on bitcoin

[Kofiy]

Only Ethereum ERC20 tokens price can depend on Ethereum, Ethereum does not have what it takes to determine the price of other altcoins. Bitcoin is the only coins whose price has overall influence on mostly all altcoins in the market.

[dipeco]

Unfortunately yes. All altcoins and Ethereum depend on the Bitcoins price, because look at the market dominance. BTC dominance is huge and as soon as the market will turn green and the dominance won't be so strong as now.

[petermike]

I will assure you that Bitcoin is the main reason which make the market price of crypto and Altcoins are severely affected. This is the downside of our crypto market when we can not afford the price.

[kalstarzz]

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.

maybe in 2017 it's true that most altcoin prices depend on ETH or BTC, but since last February I saw that it is no longer valid, nowadays most altcoins determine their own prices depending on the volume on the exchange they keep. so we'll see how long this will last.
but I have altcoin predictions that will again depend on ETH and BTC when the stock exchange stabilizes.

[harapan]

according to the analysis I did, that is true.
all altcoins depend on BTC, at the moment BTC prices are down and I see all altcoins also going down.

[nepeso]

Yes, many analysts have confirmed this effect of BTC and Ethereum on prices and the prospects for most altcoins on the modern crypto market. Therefore, I very much hope that in the future, BTC and Ethereum will only become more expensive, because it is from them that the prospects of the entire crypto market largely depend.

[Sab11]

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 of erc 20 altcoins is made up in etheruem and when the price of bitcoin gets down the affect in altcoin is strong because eth price is depend on bitcoin price, when the price of bitcoin gets down its get domino effect the price of almost all of altcoins get down too.

[MD Nur Hossain]

This can't be refused how the impact associated with bitcoin as well as Ethereum may be the most powerful, buying and selling altcoins usually utilizes bitcoin as well as Ethereum to ensure that whenever the buying price of each increases it'll help to make the buying price of altcoins additionally increase, as well as vice versa.

[Pontorez]

I believe that the entire market of crypto and altcoins depend on the state and prices of BTC. But Ethereum today is unlikely to have such an impact. While the crypto market remains quite a young direction, therefore, this dependence of altcoins on BTC remains. I really hope that this situation will change in the future.

[Karlblaise1]

Ethereum pricing depends on the performance of that of Bitcoin, just the way most altcoins depends on that of Ethereum.
In that case, i'll say that the price of the whole altcoin depends on Bitcoin.
That's why when bitcoin is not doing well, it affects every other crypto