Bitcoin vs the top 100coins/tokens. Why do they behave the same?

[pixelvault]

Wondering why the top 100 coins/tokens, or even the top 200 behave exactly like bitcoin?
Is this just traders being blind and disregarding the other coins out of pure laziness?

I would like to here your opinions so i can learn about it.

Peace

[jahidck]

The popularity of the bitcoin has reached to a place where no other crypto currency can reach. Though the top 100/200 coins behave like bitcoin but that can't touch the bitcoin.

[Currencyguide]

Yes you are absolutely right. Top altcoins and token moves in the way of bitcoin. However, I think there is somewhere btc and altcoins are realted, may be in terms of trade that is affecting the market price.

[ABCbits]

The problem is majority exchange uses BTC/altcoin trading pair while most cryptocurrency market price list uses fiat which means altcoin price always follow Bitcoin price.
That makes most altcoin price behave the same way, while the altcoin price in BTC don't change too much.

In this case, traders and exchanges should be blamed for supporting BTC/altcoin pairing rather than fiat/altcoin.

[goldencrypto9]

Well, every coins or token in the crypto industry is generally depends on Bitcoin. If the market of BTC is down then the whole coin market is down. It because BTC is the first coin in the market and each and every coin price depends on it.

[Psychee]

I can tell you what I started to invest dengi when bitcoin fell very much in price I started to invest 3k in Socrates I'll tell you that I'm not content to convey words and you advise investing a little in Socratus

[zinson01]

After invention of btc this the first crypto currency in the crypto world also this coins shows a new tech to us based on this currency many coins come in the market also main design is followed by this coins because of its good features and better value in market.

[earnetheasy]

Bitcoin is different from all other cryptocurrencies. Bitcoin is the 1st cryptocurrency that arrived in the market and still ranks 1st among them. It's just the inside of the traders who find all the coins same.

[dothebeats]

Since most altcoins are paired with BTC, the prices also follow what's the current price of bitcoin if the coin hasn't moved much. Although coins still move independently according to their current market conditions, the prices they follow still is in bitcoin. What I notice as well is that most altcoins, especially the big ones, always follow the trend of bitcoin no matter the season is, with some exceptions to a few breakouts happening when bitcoin is in a slump. If altcoins are paired to USD, see how the graphs change drastically and form a new picture.

[BrewMaster]

being in top ## has nothing to do with it be it top 100 or top 200. in fact there is a nice exception to it which may clarify the answer to. the exception is that whenever that altcoin (it can be #1 altcoin or #2000) is getting pumped (if it is during its pump) nothing can stop it. so for example when bitcoin was dropping the other day it may have seemed that all the altcoins are following it but if you looked closely you could have found at least 5 others that are rising (aka getting pumped).

now the reason for following bitcoin down during its drops is that people use altcoins for pump and dumps only so whenever bitcoin is going down they will always pull their money out of altcoins to come join the bitcoin movement and benefit from the bitcoin market.
altcoins always shine when bitcoin is stable because there is no profit to be made from a stable market so they go to altcoins and pump them to make profit.

[xmGx]

everything is traded to btc hence everything is measured in btc. We are waiting for a new rally in which bitcoin will return its greatness

[shackleford]

The problem is majority exchange uses BTC/altcoin trading pair while most cryptocurrency market price list uses fiat which means altcoin price always follow Bitcoin price.
That makes most altcoin price behave the same way, while the altcoin price in BTC don't change too much.

In this case, traders and exchanges should be blamed for supporting BTC/altcoin pairing rather than fiat/altcoin.

I fully agree with your point of view. Indeed, all exchanges are traded in a pair, BTC\altcoin for this reason, to withdraw money to Fiat from altcoins, they must transfer in bitcoin, and then bitcoin to Fiat + commissions everywhere. Conclusion, today altcoins are very dependent on bitcoin, because it is the most common among all cryptocoins, and it directly affects the price of all coins and their graphics

[fiulpro]

Have answered the same question before will try to elaborate again.
First of all Bitcoins and all other tokens depends upon the same factors, the economy how they loose investors during the festive season, how the whole economy of a country influence it and how its banned in some parts but allowed in others.
All these influence it and makes the graph to be roughly the same.
This way we can get why they behave same more or so .

[albantani]

Wondering why the top 100 coins/tokens, or even the top 200 behave exactly like bitcoin?
Is this just traders being blind and disregarding the other coins out of pure laziness?

I would like to here your opinions so i can learn about it.

Peace

All the coins come from Bitcoin, so it's normal when the other coins follow Bitcoin. likened to Bitcoin is like the state government and altcoin is a company that stood in the country, then the company is obliged to follow the existing rules in the country.
another example, when the US dollar currency the benchmark currency of another country.
Essentially, everyone has to lead, as well as bitcoin and altcoin

[Voidcrafter]

There is a simple bitcoin-Altcoin-bitcoin-Fiat scheme. As you can see, bitcoin dominates in all cases of communication with altcoins. When buying altcoins, for bitcoins. When selling altcoins in bitcoins. And exchange Bitcoins for Fiat. In this chain, all currencies depend on bitcoin. Bitcoin falls, all fall with him. He's growing up, altcoins rise.

[sufiasyl]

We all know bitcoin is the best digital crypto currency in the world. Bitcoins demand is too high that’s why bitcoins prices are also very high too. We can’t compare bitcoin with other coins because those coins are far away from bitcoin.

[anhzaibro]

Wondering why the top 100 coins/tokens, or even the top 200 behave exactly like bitcoin?
Is this just traders being blind and disregarding the other coins out of pure laziness?

I would like to here your opinions so i can learn about it.

Peace

The interest in these coins is very much but they are still mostly focused on BTC. The value of it is so large that it can change quickly and easily.

[budismile]

You are very careful in analyzing Bitcoin, so it can conclude all coins follow Bitcoin's behavior. In this case Bitcoin will always be a center for Altcoin. which I know Altcoin will always follow the movement of bitcoin, although sometimes it can be slow and sometimes it can be fast. it all depends on the trend of the coin.

[neymarjunior50]

Bitcoins are in the top of the market, even still there are other coins which are able to sustain with it alongside. This can be due to the project it is offering. A good project means there will be investors. Doesn’t matter if the coin is old or fairly new in the market.

[kevoh]

The problem is majority exchange uses BTC/altcoin trading pair while most cryptocurrency market price list uses fiat which means altcoin price always follow Bitcoin price.
That makes most altcoin price behave the same way, while the altcoin price in BTC don't change too much.

In this case, traders and exchanges should be blamed for supporting BTC/altcoin pairing rather than fiat/altcoin.

Bitcoin has over 40% market dominance of all cryptocurrency which makes it easier to be used as a trading pair on any exchange. Why should we then blame the exchanges for supporting BTC/altcoin trade pair? Why should we favour fiat/altcoin pairing? Of what benefit is cryptocurrency if we keep on referring to Fiat usage?