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Author Topic: How does the supremacy of bitcoin affect altcoins?  (Read 1340 times)
KurtEldon
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June 26, 2018, 05:07:13 PM
 #21

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
I think at this point, the altcoins are working great. Coins like ICX, PRG are taking a lead and are coming up with amazing projects. PRG for example is super undervalued right now but its price shall increase and go really high. So, its performance itself can affect its price.
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June 26, 2018, 05:19:22 PM
 #22

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
In my opinion, all kinds of electronic money are attributed to the price of BTC. Therefore, the BTC has a great influence on the currencies, causing the market to fluctuate around the value of BTC.

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June 26, 2018, 05:28:12 PM
 #23

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
The altcoins are really good right now. They have a good team and their performance is very strong. Coins like TAU, DRGN which are soon to be listed on binance can influence their prices themselves, there is no need for bitcoin to affect their prices.
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June 26, 2018, 05:59:25 PM
 #24

The last few months have been pretty crazy. There have been some steep climbs and heart-stopping drops making for a roller coaster of emotion that’s not easily controlled. The price action is both thrilling and at times, painful, so it’s easy to lose sight of what you’re investing in.
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June 26, 2018, 06:05:05 PM
 #25

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
Bitcoin is the pioneer in crypto currencies and all the altcoins are valued only in bitcoin and not even in dollars.Until now,no other altcoin has been able to gain the trust of people worldwide.

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JacobLiam12
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June 27, 2018, 09:44:45 PM
 #26

 Mainly btc is the father of all the crypto coins based on this people actually follow the btc price if the price of btc increase then people like to invest more but if its fall then investors withdraw their money from market as a result altcoins also affected or victim .

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June 27, 2018, 09:58:00 PM
 #27

I compare btc with gold and every other fiat is backed by it, so are the alts and when the crypto gold is not stable the alts follow it and if a 10% fall happens in gold than others experience much more fall than it and vice versa.
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June 27, 2018, 10:35:42 PM
 #28

In a bull market they tend to rise more than bitcoin: hence in a bull market the bitcoin dominance tends to lower.
Conversely in a bear market those coins tend to drop faster than bitcoin: the bitcoin dominance tends to rise.
it is not only about the speed of rise/drop. it is about the fact that there is only 1 bitcoin which is going against 1700 altcoins. that is why calling it "dominance" is wrong to begin with. if altcoins were good then the real dominance of bitcoin should have been 0.05% instead of forty something! being at forty... just proves that altcoins are indeed shitcoins
Agree.
I only found more interesting the first derivative of the dominance to the bitcoin price, rather than the value of dominance.
But you are correct and I do agree!
Will you ever see this post?

My two cents,
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Sandus_Cryptolover
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June 27, 2018, 10:49:10 PM
 #29

It affect it so much since all altcoins are linked directly to Bitcoin. Meaning, to buy any altcoins, you need bitcoin through which you can purchase those assets. Thus, anything go wrong with Bitcoin will surely affect the altcoins too.

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.

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June 27, 2018, 11:53:32 PM
 #30

Bitcoin is a great coin for invest. That’s why every person wants to invest on this project. For this reason bitcoins price and demand both are rise. In this situation other coins price decrease because of low demand.
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June 28, 2018, 05:11:02 AM
 #31

Bitcoin has the effect on the altcoins. If you look at the market movement, you will see that when btc fall other cryptos also fall accordingly. Even the graphs are almost same.
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June 28, 2018, 06:13:39 AM
 #32

The supremacy of the bitcoin affect enormously to the altcoins. As the bitcoin has become the most popular coin so people day by day are investing more on it and forgetting about the other coins.
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June 28, 2018, 06:26:17 AM
 #33

In a bull market they tend to rise more than bitcoin: hence in a bull market the bitcoin dominance tends to lower.
Conversely in a bear market those coins tend to drop faster than bitcoin: the bitcoin dominance tends to rise.
it is not only about the speed of rise/drop. it is about the fact that there is only 1 bitcoin which is going against 1700 altcoins. that is why calling it "dominance" is wrong to begin with. if altcoins were good then the real dominance of bitcoin should have been 0.05% instead of forty something! being at forty... just proves that altcoins are indeed shitcoins
Agree.
I only found more interesting the first derivative of the dominance to the bitcoin price, rather than the value of dominance.
But you are correct and I do agree!
Will you ever see this post?

My two cents,
F1

unfortunately bitcointalk does not have the option to give you an alert or something whenever one of your comments is quoted so usually people miss it unless they manually go back to the topics and check the replies to see it for themselves. which I happened to do right now. Roll Eyes

mktpromp
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June 28, 2018, 10:43:37 AM
 #34

Even though some of the altcoins have no good use, they are still being to store in the wallets and later used when the market is in a dip, people switch to bitcoins. this is just a vicious cycle and that’s how things have been going unexplained in the market.
BitcoinHodler
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June 28, 2018, 11:20:45 AM
 #35

Even though some of the altcoins have no good use, they are still being to store in the wallets and later used when the market is in a dip, people switch to bitcoins. this is just a vicious cycle and that’s how things have been going unexplained in the market.

that is not called "use", it is called speculation. and although you can call trading for short term  aka pump and dump some sort of usage but it really isn't in the real world.
what happens is that people only get involved with altcoins because they want to make profit, and when they see pumps they get more excited to join because there is a bigger profit to be made.














 

 

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ambisyon
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June 28, 2018, 11:21:44 AM
 #36

Definitely, bitcoin and altcoins are correlated with each other. Any movement either be it uptrend or down trend mode of btc, usually altcoins will follow and that is just the way it is. Usually, people investing from ICO after selling, this will be then exchange to the bitcoin currency and have it stayed to this currency for good while waiting btc to increase.

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June 28, 2018, 12:22:18 PM
 #37

This was a very interesting post. The price of altcoins are usually related to the price of Bitcoin. So, when the price of Bitcoin falls, the price of other altcoins fall as well.
Shenzou
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June 28, 2018, 01:48:27 PM
 #38

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
Almost anyone who is involved in cryptocurrency is just always working to get more and more bitcoin, because they know that it is relevant and they know that it will never die because it has many people behind it unlike altcoins which are made only for making quick and small profit and they are risky to invest in because they could go down at any moment, and that is why you see anyone who has any investment in altcoin always exchanging them to bitcoin because when the market goes down it is safer for people to put their money on bitcoin which they can always trust to go back rather than letting them sit on a altcoin that might stay down or perish.
availcrypto
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June 28, 2018, 07:11:52 PM
 #39

Yes, eventually the altcoins price are depends on the price of BTC. BTC market price plays a vital role in the altcoins price and it is happening from the very beginning.
MoeKaloolon
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June 30, 2018, 09:07:11 AM
 #40

The thing is that alll of the altcoins have trading pairs with bitcoin which means that whatever happens to bitcoin affects the prices of the altcoins that they are paid with. If people are not investing in bitcoin then that means that they are not trading in these altcoins that they are paired with so it affects the prices of the altcoins
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