Does Altcoin price depend on BTC or ETH??

[matricaria]

I am fully confident that the price of alternative coins depends on Bitcoin. I have noticed this relationship all the time. The whole market is based on the price of bitcoin.

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[BurgerCash]

It's a good question, and if you look closer you'll see that ERC20 price movement is more in line with ETH than BTC.
But I don't think ETH and BTC are truly detached so it doesn't impact analysis all that much.

[Melo20]

Bitcoin itself is resilient, proven by its survival of multiple Mt. Gox-type events and numerous up-and-down cycles. The long-term curve for Bitcoin is up and to the right. After the infamous coins run out of cash and disappear, the market will become much more robust. Many of the managers became delusional due to their experience of traveling the world and completing their ICOs, thinking that BTC and ETH would only go up and up while failing to exchange enough of their crypto for fiat. Not only did they have startup risk, but they foolishly added FX (foreign exchange) risk.

So, the good news is that these weak, never-should-have-been-funded startups will run out of cash sooner than expected, because their crypto is worthless when converted to fiat than they thought at the time they completed their financings. The flushing out of these coins currently weakening the market will drive the market up. Today, startups exchange their crypto into fiat the moment they get it.

[cp_underground]

Bitcoin is center of cryptocurrency and it will never get affected for other coin.
But ETH and other cryptocurrency will get affected of Bitcoin.
So, Bitcoin is it self and other coin is childs from it.

[NeelMariaWarner]

I don't think so because even though we will exchange it for BTC and ETH but the price is not interrelated because they have different projects so the price will be different and not interrelated
I think why there are lots of coins whose prices go up when bitcoin prices rise and fall when bitcoin prices go down because when bitcoin rises it shows that people's interest in cryto rises so that so much coin volume rises and when bitcoin prices according to that indicate interest people against crypto also go down so with so many coins the volume drops and this causes the price to go down

[dhiraj0977]

I think only BTC (the king of cryptocurrency) affect the price of alt coins.  Ethereum and all other coins follow the up and downs of bitcoin. 

[CapnBDL]

Of course, it depends if you are looking about the dollar, but if you do not become attached to it. Then the price of each coin itself grows or falls. Everything is relative, and everyone treats for himself as he wants.

[leetcoiner]

Of course, it depends if you are looking about the dollar, but if you do not become attached to it. Then the price of each coin itself grows or falls. Everything is relative, and everyone treats for himself as he wants.

Last year I did not look at the value of my cryptocurrency assets in the context of the value of the US dollar. For me, the main equivalent of the cost is Bitcoin.

[iram3130]

As the base coins are BTC or ETH, more than 95% of the altcoins depend on these two coin prices. But there are some coins which has great projects and getting implemented, regardless of what is happening with BTC or ETH. Especially the new coins which get into market have a higher chance to bounce even if the whole market is bleeding. I came across one of these new projects, which called as XAUp. Pokens are pegged to gold and created by the same team who has got a great success with Populous PPT. Buying and holding it in the initial times of the project may yield you more than what we usually expect.

[Argoo]

It's a good question, and if you look closer you'll see that ERC20 price movement is more in line with ETH than BTC.
But I don't think ETH and BTC are truly detached so it doesn't impact analysis all that much.

The price of altcoins is still dependent on the price of bitcoin. This will occur as long as Bitcoin will maintain a high level of its capitalization. However, the level of Bitcoin capitalization tends to a steady decline. The day will come when its level of capitalization will fall so much that it will cease to dominate in price terms over other types of cryptocurrency.
  It seems to me that this will be the best time for the development of cryptocurrency.

[Cellerex]

Sooner or later there will be a coin that will be able to move independently against the main trend of Bitcoin. I do not know which of the current coins can claim to be. Maybe Sound Money Coin which has very ambitious plans.

[Prolifik]

Bitcoin is only showing the trend and the sentiment on the market. If there is a good sentiment than Bitcoin and almost all altcoins are raising, but some of them are performing better than Bitcoin.

[FLHippy]

Price depends on whales. If they sleep well then they will pump the market, if no, they will dump it.
It is true because I do not see any rules in trading now  .

[tamango]

I think there is a very high correlation between Bitcoin and Ethereum with the other altcoins because their market capitalization is very high compared to them.

[ioanbtc]

Let say an example, that some altcoins are listed on some exchanges where the pair for trade is only ETH/altcoin and when sell for ETH that altcoin you got ETH and after want to cashout to get fiat money, to get money will need again to sell ETH to get fiat money when sell ETH, ETH depends on BTC price, if bitcoin price is high then also the ETH can be high and get more money. In colcusion in my opinion the alcoin price depends on bitcoin price, but just in case if maintain the same value to BTC (Altcoin-BTC 0.0001 BTC =1 Altcoin).

[giletto]

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.

Technically Yes because bitcoin and Ethereum are base coins to most altcoins especially the ethereum. For example, if 10000abc coins worth 1 eth at (150usd). If ethereum price now does x3, that means 10000abc coin is now worth 3eth = 450usd. The case can aswell be negative.

[Pasutinmeur]

Crypto market is controlled by Bitcoin. All crypto market depends on the price of Bitcoin , so all altcoin prices depends on Bitcoin.

Well, not all coins, but 90% of course depends, a lot of altcoin on the market in the last 3 months gave a good percentage of growth , and bitcoin actually trampled on the spot , I think you need to learn technical analysis to make good money

Almost whole of crypto pegged to both bitcoin and ethereum, there was the only coin that is not pegged with bitcoin and ethereum that called stable coin that backed by stable commodity as fiat money. But this time binance was doing a great job to be independent crypto.

[abstractednerve]

This has happened many times, every time when bitcoin price fell down the whole crypto market followed it. But if any projects bring some extraordinary update like main net launch, big exchange listing or buyback service then any single coin can get a high price without depending on Bitcoin or Ethereum's movements! I would say every coin is depended in Bitcoin movements, even Ethereum too!

[FastSlots]

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.

that's not true, but it's not wrong.
altcoin's price just depends on the price of BTC, but if it is pumped, it won't need to care about BTC. if it is in the process of consolidating, when BTC increases its price, there will be a difference in exchange rate, altcoin will be strongly reduced.

[Raizou]

Dependency occurs on most projects because they have nothing to offer! So the only way is speculation of high and low prices or things like. And depending on the season, ETH itself ends up depending on the good performance of the BTC against the USD. This is because people are always looking for profits and sudden valuations. If we still think about pricing, that means there are no products or even purposes for these ALTs.