Why do altcoins follow bitcoin?

[MAJICOIN]

Behind every coin there is a base and bitcoin is the base for all the crypto like central bank control other commercial banks like that bitcoin is comparing with the other coins and it is good that the crypto market is rising and many economies will good with this crypto.

[ridertiger]

Every major crypto exchange offers Bitcoin trading pairs. Example: Ether/Bitcoin, Litecoin/Bitcoin and so on and on. Some of the exchanges like Bitrex allows you to trade Crypto for USDT  (USDT is a crypto currency allegedly pegged to the US Dollar.

Some of the exchanges allows you to trade Fiat to crypto such as Coinbase, CEX-IO and others.Some of the Altcoins have out performed Bitcoin on a short therm or during specific periods. But there is no coin that has performed consistently as Bitcoin. Most of the major Altcoins follow the same trend.
Bitcoin is the King and Queen and all the Altcoin are at best following it. Bitcoin is the number one coin and, so Bitcoin decides the market price in General. And this would imply that all other altcoins are kind of pointless. And we all know it is not true, because some of the Altcoin have a great technology such as Ethereum smart contracts.

[coffigayo]

Yes I think this is just because Bitcoin is the king of all cryptocurrency and is used as a medium of exchange in digital currency. We can not buy Altcoin if we do not use Bitcoin and Ethereum or dollars. Bitcoin is the largest digital currency, and most trusted for now. so, a decrease, or a high price increase will make a big impact on Altcoin.

[ValerieBTC]

when bitcoin rises then altcoin prices will also rise but when bitcoin prices fall, altcoin will also decrease as altcoin does not have the courage to do very much increase while rising bitcoin prices and i think altcoin many follow bitcoin price movements because altcoin price exchange depends on the bitcoin price

One thing which is true about the Bitcoin is its action like base currency and is known as base currency of the crypto market which has affect on other crypto coins. This is due to its nature which creates same perception on the whole market as all are digital currencies so increase or decrease in the Bitcoin will have affect on other currencies too. Experts say that this affect will finish in future with the passage of time when these technologies get more success.

[rakibpintu]

one of the biggest coin of we call it bitcoin now its price goes to move on every single time something it pump or dump. and every coin follow of bitcoin because altcoins depends on bitcoin. bitcoin worth is down so altcoin would be dump no doubt.

[bitcoinerjawa]

probably because bitcoin has a very high effect because when bitcoin prices go up there will be many who try to grow the bitcoin they have to benefit from altcoin.

[quynhtrang666]

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?

You have to understand that bitcoin is the main coin of the crypto market or we can understand it as the "eldest brother" of altcoin. so when it prices up or down all other altcoin will be affected. Just like the dollar will affect other currencies

[joey alexander]

There is multiple theories as to whether why altcoins follow bitcoin or if they even do.
1.) Bitcoin has become the "gold standard" because the market is young.
2.) Democratic Market Psychology in a speculative market behaves more like a herd than expected.
3.) People are afraid of altcoins falling, switching to BTC causing a panic sell but not a panic buy

[The Scorpion]

Decoupling altcoins from Bitcoin isn't easy. Consider a majority of Altcoins can only be bought by using BTC, not USD. That's one reason why they do follow each other in terms of the ups and downs.The other aspect is that Bitcoin is the leader, and alt coins tend to follow the leader. If Bitcoin is going up then the rest of the market must be healthy so altcoins go up. If Bitcoin is crashing, there must be a reason... so all the alt coins crash. This is the basic mentality. The health of the market is psychologically dictated by leaders. And it's not the only space to follow this approach. The Tech Stock sector does the exact same thing, like it did this past week. Multiple tech stocks dropped together.There are certainly more aspects to this, but don't expect the market to change this mentality anytime soon. We need multiple large players before we have some resistance to this All or Nothing approach to the movement of cryptos.

[sniper2018]

Basically, bitcoin is the original cryptocurrency and it will always be the main reason why a lot of people engaged on this kind of investments. Even if there are more new crypto coins coming and have a potential to become more popular, still it can't surpass bitcoin and it will be always on the top.

[kent47400]

according to my analysis because the money in the rotation of cryptocurrency is full and cryptocurrency has been much in the interest by the crowd.
if in 2016 to the back it is a contrast different from now, when Bitcoin down then Altcoins up and if Altcoins go up then Bitcoin was down.

[julzcoinbit]

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?

Simple, since bitcoin was the first cryptocurrency, so ofcourse theres no doubt most of the altcoin were just depend the market of bitcoin. And now most of the altcoins are getting Increase Its value because bitcoin gradually Increasing
Its value as well.

[btcrich2020]

Because bitcoin is father of crypto currency and this makes the other altcoin follow the price of Bitcon and when the bitcoin price is increasing automatically the price of all altcoins start increasing.

[lotsky123]

Being the leader or king of crypto whatever happens to bitcoin same thing will happen to altcoins. Altcoins exist because of bitcoin so there's no doubt that market price depends on the value of bitcoin. Rarely we see that some coins are on the green while bitcoin is red in the market mostly goes with the value of bitcoin whether it's up or down. That's how influential bitcoin price is in the market.

[Shinpako09]

What will you expect? Btc is the father of all coin. So no matter what btc moves, altcoin will do the same. Also, that's one reason why we are saying no one could surpass btc because they are just following the movement of bitcoin.

[ervinmadureri]

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 trading altcoin we have to always observe and monitor bitcoin prices, you can see that bitcoin prices are constantly fluctuating and adjusting very strongly in the past days. Only a small bitcoin modification can cause the price of altcoin to fall sharply or to adjust in very large amplitudes. Therefore, when dealing altcoin you must always keep track of the bitcoin to be able to handle any adverse situation.

[rumexx]

Bitcoin is the precursor of all the other altcoins. This is true because wherever  bitcoin leads the other altcoins will follow in the same direction. This has been happening even during the December rally altcoin exhibited their best outing then , just follow the trend to confirm your self.

[gudrun]

Personally i also do not understand why all crypto now move going up and down by the same times. Just like the price controlled by one group. A few years ago actually price action of each crypto is much different,  but now they move bullish and bearish at the same times.

This is completely understandable, whales are slowly manipulating the market with the large number of bitcoins they hold, is very simple to make bitcoin prices increase or decrease, most of the remaining coin is based on bitcoin, bitcoin is the king of digital money and they take advantage

[phucngungoc]

Personally i also do not understand why all crypto now move going up and down by the same times. Just like the price controlled by one group. A few years ago actually price action of each crypto is much different,  but now they move bullish and bearish at the same times.

You can see that the crypto market at the moment is moving at the price of bitcoin, a small modification of bitcoin can also cause the price of altcoin to fall sharply, so when the altcoin market we must always be concerned. bitcoin pricing. The market is in a downtrend so prices will be able to continue falling deeply at any time, observing bitcoin prices are essential when the price falls.

[ratna altika]

It is just bassed on people sentiment, it is not because the price is sticked with bitcoin's pattern, that is just a theory.
Well, the price is only affected because of the price in BTC, but it does not affect much as many people think