Bitcoin should NOT determine the market

[distr@yopmail.com]

Most coin price in market calculated with bitcoin price. If bitcon price going up, most coin and token following and vice versa. Bitcoin is main crypto in market and thats why bitcoin price affecting most token and coin in market

indeed it looks like bitcoin is driving the market. but I do not fully agree with such a view. bitcoin is also like other crypto whose prices are determined by market response, that means the market has control over the movement of values ​​from crypto. the decline and rise of bitcoin that occurred in the market was also influenced by the market response to the circulating crypto issue. But indeed with the state of bitcoin that has a very high value, it will certainly have an impact on other crypto because bitcoin is also a benchmark for the exchange of other crypto values.

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[Aldrinx00]

Bitcoin will dominate the market for many years because it is the most adapted crypto in the world. However time will come when bitcoin will lose it's top position and then we will see new coins rising to the top.

[Shatterlean22]

I won't categorized this as a problem because the most recognized cryptocurrency is bitcoin now imagine how many people and organization use bitcoin as means of payment, the only thing that can change it is when people stop using bitcoin and go after other coins so bitcoin will lose its ground and low value follows

[longca]

I'll be short and clear, the majourity dealers around the world have BTC, don't you see the  gossip of 15.000$ and 100.000$ so no one wants to miss the chance or buy it late after rising.

[RinTohsaka]

When people start investing, they always invest in bitcoin first. If there are more exchanges to support fiat pairs, down there should be some sort of better system put in place otherwise we are just creating a system that is just the same.

[Jocuserious]

Actually every currency do it follow Bitcoin market,I have to say don't forget real buy opportunity because will get long profit after Bitcoin price up. Prosper big trader people don't follow Bitcoin price,up/down it their own opportunity.

[deguzmanwacky]

well since we are still in the early stage of the crypto and bitcoin was the first one that was developed, it is clear why is it dominant and will remain control for the next few years.

[h3llo]

Bitcoin is the oldest crypto asset, so it will determine the value of all the others. The cost of Bitcoin as the oldest, well-known and stable cryptocurrency, is an indicator of investor interest in the entire sphere.

[ribowo76]

In my opinion, whatever the conditions. The price of bitcoin, the tendency is determined by supply and demand in the market. And now, because there are so many people who panic, causing prices to fall so deeply

[reverseflash]

The cost of bitcoin affects the market only indirectly, since the cost of bitcoin itself depends on the same factors that also affect the rest of the market. But many people confuse the concept of the standard, which at the moment is Bitcoin and the value factor.

[Xising]

I'll be short and clear, the majourity traders around the world have BTC, don't you see the rumours of 10.000$ and 100.000$ so no one wants to miss the opportunity or buy it late after rising.

That's right. I mean, it's not that Bitcoin controls the market; however, we can't discount the fact that since it's the pioneer and has the best value around, people would want do trade it more and use it in transactions as supposed to other coins that have a lower value and a lower chance of return. Many other coins that have good standing before have already gone down, while some even died out, but despite all that, Bitcoin remains strong, so there you go. People would always go for the best.

[Pyr3x]

I think that the cryptocurrency market will always focus on bitcoin as the very first and main cryptocurrency. Moreover, the majority of investors see in bitcoin the prospect of becoming a major global currency.

[davit putra]

Bitcoin does not determine the market, but the problem is that bitcoin is the main coin and is a trusted coin and the adoption rate of bitcoin is very high compared to other cryptocurrency, because of the high demand for bitcoin, bitcoin can affect the market.

[ocid]

Until recently crypto price movements were based on the movement of bitcoin prices, because almost all altcoins followed the movement of bitcoin prices, when bitcoin experienced a very drastic price reduction almost all altcoins followed the decline, although there were some altcoins that experienced an increase in price for sure because there are a number of people who deliberately play the price to attract attention for investors to be able to invest in it.

[Sirait]

I think the market determinant is Investors not Bitcoin, Bitcoin is only a benchmark for comparing the price of cryptocurrencies on the market, indeed when the price of Bitcoin rises, the price of other cryptocurrencies also goes up too. actually, it's just a puller, so the others come to buy, CMIIW 

[kenel]

I will tell you, other coins, just keep on credibility bitcoin, as even the most high-end coins have not shown even a single really working product

[taliwang]

although bitcoin doesn't have to determine the market but there are so many cryptocurrency that price movements depend on the movement of the bitcoin price, so it won't be possible for the altcoin to have price movements without any price movements from bitcoin.

[wxa7115]

I think Bitcoin should manage the entire crypto currency market. First of all, it is already well-established in its properties cryptocurrency, leading in the crypto currency market. If there is no leader in the market, there will be no management, there will be chaos.

There is always going to be one coin that is the leader of the market, this is true not only in cryptocurrencies but in all markets as well, just look for the US dollar as an example of a coin that is the leader of the market and if for some reason it stopped being the leader then another currency will take its place, and while many have speculated that another coin could take the place of bitcoin that is not realistic at the moment.

To begin with the market cap of bitcoin is huge and it is the only coin big enough to perform that role and second the remaining candidates like ETH and XRP have several fatal flaws that will never allow either one of those coins to ever take the lead of the market.

[378budiman]

I think that is not a good thing that determines the price of BTC with the entire market. I think there is something that must be done that makes the crypto market more decentralized where the price of BTC does not swing the market up and down there must be a better system than if we only make the same system with the most "reliable" system that determines all market.

[Kurevazeyo]

Bitcoin will dominate the market for many years because it is the most adapted crypto in the world. However time will come when bitcoin will lose it's top position and then we will see new coins rising to the top.

Bitcoin has many competitors and new altcoins appear all the time, but it won't be able to shift the dominance of bitcoin from the crypto market. This is because bitcoin is the first, most expensive, most popular and proven to have created many millionaires throughout the world. The history of bitcoin prices in December 2017, made bitcoin hunted by investors.