Why do altcoins follow bitcoin?

[BitcoinCommodor]

As according to my point of view the reason behind to follow the BTC by altcoins is that the BTC is the first cryptocurrency which comes into the existence.
And the holders have more trust on it as compared to the Altcoins and BTC is the market holder it has the power to fluctuates the market.

Bitcoin is actually the back bone of crypto market and it makes a perception in the market which his not just limited to a single cryptocurrency but to all the crypto market. When we see improvement is the market of single currency we have a good perception about the crypto market and that is why success of any cryptocurrency generally is a growth for the market.

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[magmar]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

that is what's going on and what I've additionally observed to date, the ascent and fall of bitcoin took after by different altcoins, why that can happen, while when bitcoin has diminished in value, it's another altcoin chance to raise its cost and to demonstrate that altcoin it has the potential and its own particular objective to have the capacity to raise the cost and influence individuals to will be intrigued can put resources into it.

[mawinter]

All they coins are following the same portfolio, making it trend in one direction, it's transactions link to the leading coin and as they largest in value it leads they control of other coins.

[Sanjeewa101]

Always BTC pair with ALT coins in almost every exchanges, Also, There are not a lot of Fiat/ALT pairs int the current market, But future It will be changed

[boynamnhi]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

When dealing with altcoin you have to always keep track of the bitcoin price because you can see that the bitcoin price is controlling the whole crypto market, only a small bitcoin adjustment can cause the altcoin price to fluctuate sharply. An accurate technical analysis, clear plan, but if bitcoin prices drop sharply, the price of altcoin will certainly decrease and you will lose very heavily.

[forbesmining]

Nobody knows I have asked many people about that but actually in there is no direct depending between those two,  anyway we are having there's usually at the market when bitcoin is high alternatives are going up.

[Xenrise]

This is simply because it is a matter of pairing. I'll give you a true to life example. For example, you are from a basketball team. Let's say your team's name is bitcoin. Well, if you fought let's say, Ethereum team. If you will shoot the ball more often and you scores, it diminish the winning rate of the ethereum team, thus, making your winning rate go higher. Just like bitcoin and other alts, it's a rivalry between each others throat. If bitcoin goes high, eth will go down. #BTCDominance.

[bluemoon84]

Bitcoin is the king in crypto space at least until now, bitcoin is considered a pioneer in cryptocurrency and so far the value refer to USD is the highest among all crypto space. It is also the volume and liquidity is the biggest so it is very reasonable if all alt coins are following bitcoin circumstances. I think it's because bitcoin is an icon among other coin types so everyone who will make a purchase on altcoin will follow the bitcoin price movement.

[Gheka]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

When dealing with altcoin you have to always keep track of the bitcoin price because you can see that the bitcoin price is controlling the whole crypto market, only a small bitcoin adjustment can cause the altcoin price to fluctuate sharply. An accurate technical analysis, clear plan, but if bitcoin prices drop sharply, the price of altcoin will certainly decrease and you will lose very heavily.

Well, the intermediate character is what we need to know first about bitcoin, all the exchanges and transactions of altcoin will be through bitcoin, so the change of bitcoin always has an influence on the whole market, we should accept the king collapsed, its era will collapse. More simply, we can understand that, when the price of bitcoin increase, normally, altcoin will decrease sharply in bitcoin value because people have cut the loss from altcoin to get bitcoin and sell it at high prices, and this situation is similar when the bitcoin decreases, the fear increases, people want to cut faster loss to buy lower bitcoin price

[saLve88]

Its because off-springs always follows their parents. 
In crypto bitcoin is the father of everything. When bitcoin falls as it has high volume people get FUD and sell altcoins and invest in bitcoin at the bottom to get maximum profit as they know buy sure bitcoin will recover. But my opinion is ethereum is much better than bitcoin when thinking about its usability.
Many ICOs, transactions use ethereum due to low fees and speed compared to bitcoin. So I believe we can shift from bitcoin to ethereum

[St4yInTh3D4rk]

Because most of the people consider bitcoin as the king of crypto so it not a big wonder that other currencies follow the bitcoin,this is happening because of us we just keep bitcoin price movement as sign of investing on the crypto currencies.But there is no need that the altcoins should follow the bitcoins all the time even some time the altcoin is dumping the bitcoin bumped and vice versa.

[etron]

Surely at this time another dumping for bitcoin prices in the market but I remain convinced that no altcoin can occupy the above positions for bitcoin values, in my own analysis and opinion if bitcoin prices fall in dump altcoin also follow the red signal in the coin market place, because one of the main reasons altcoin follows bitcoin values ​​because investors rely on bitcoin values ​​before investing in altcoin.

[blueteam09]

Because Bitcoin is considered a benchmark, every Altcoin is based on it to show its worth. Bitcoin is like a king, and every Altcoin is a child of it. They always considered Bitcoin as a benchmark to set their prices.

[maninas]

i think btc is the best pair for trade altcoin for now and if we are use pair btc to trade altcoin ,and btc is going down that can be we think for sell btc and altcoin for Cuttloss to minimalized  loss and total asset in btc and altcoin going down too, logicly if btc going down and price altcoin still in price we buy we still loss because the price pair is down and that cause altcoin to be down too

[ufaiz50]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

According to market logic when it is seen that when bitcoin value drops or decreases demand in bitcoin it will cause altcoin also to decrease, because I think all altcoin or most altcoin use bitcoin as the exchange rate at their value so automatic demand on altcoin will also decrease.

[darewaller]

It is not a "following" if you ask me. Its mutual, altcoins do not go up after bitcoin goes up, altcoins go up together with bitcoin, at the same time. Back in the day when bitcoin went down altcoins went up, and when bitcoin went up than altcoins went down.

These days they act together, noone follows each other, they act together in an harmony. It used to be a bitcoin market with other altcoins, nowadays its "cryptomarket" not bitcoin market. Coins like ethereum showed that bitcoin is not alone and there are other coins as well.

[cellflash]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

Alternative coins were made because of bitcoin. So the bitcoin is the benchmark of alternative coins.. But the volatility of bitcoin can make big difference in the value of altcoin.. Altcoin can be vanished in crypto but bitcoin will stay..

[princebridge7]

if you know when the year 2016 to 2009 where Bitcoin is created, the different way is not like what you talk about, the fact is Bitcoin down then Altcoins up and if Bitcoins up then Altcoins down, because at that time FIAT has not entered much against the exchange Bitcoin and Altcoins.

if for now there are many FIAT who go into cryptocurrency, many Exchange emerging and can be sure, when Bitcoin getting fewer, Altcoins lot and Fiat many circulating and Exchange also a lot then one way to induce Bitcoin as its King cryptocurrency.

[entebah]

there is a different movement after 2017. before 2017 when bitcoin decreases then altcoin will slowly rise, and vice versa. currently Bitcoin rises altcoin down and the same thing happens when Butcoin goes down.
this is very difficult to predict, and very confusing.

[danherbias07]

That was the way it was before. Tether came and so they could escape quickly into the same value as USD which aint right for me.

Before they sell bitcoins to buy altcoins so there is this trend that says "bitcoin down, altcoin up". Which really happens because of that reason.
Now it seems both can go down and sell it for Tether. What can we do about it? None. We wait for those sellers to buy back to bitcoin, besides they wont have any profit leaving it with just Tether.