If Bitcoin Up then all crypto is Up HOW ?

[santiPOGI]

Every token and coins that are in exchanges is connected with BITCOIN.
they have some satoshi equivalent.
Bitcoin is convertible to USD which declares the value of every token.
once bitcoin price goes up then the price of token or coins in USD will go up also.

[1714838715]

1714838715

[Joyawan13]

How its possible its something fishy for sure if bitcoin price goes up all crypto prices goes up its impossible situation every time me see saying it cause each crypto trader buyer and sellers are different and each user who buys crypto buys difrent crypto at one time how come eveyone buys all crypto at one time and all crypto prices goes up at same time did u thought that ever

its for sure something fishy or not convincing what u think of it guys !

even if you can not understand about bitcoin better you learn it first and do a lot of research, bitcoin is the parent of all altcoin that exist today, so for example bitcoin price is very influential on altcoin other it is reasonable, because trader and investor not origin in investing or trading, so they know what they should do, so learn to understand first.

[wheilcristinna]

Bitcoin is main cryptocurrency. If you want to buy any altcoin, usually you pay by BTC. That's why when BTC start to go up, altcoins usually follows.

[Kprawn]

Coinbase just opened a platform for institutional investments on their trading platform and it was reported that $10 Billion

worth of Crypto currencies was traded on their platform. That would explain some of the increase that you observed in the

charts. That was just the trigger for other investors to also start investing again in Crypto currencies. So there... explanation

done.  

https://twitter.com/coinbase/status/1013786794700070912?s=09

[Lancusters]

I also do not understand the trend of current prices for cryptocurrency. If you take the price to the dollar, everything is clear. But I constantly see a situation when the price of bitcoin increases with the price of altcoins to bitcoin. Conversely, when bitcoin prices fall, the price of most altcoins decreases relative to bitcoin. It's a mystery to me

[KIKI.loi]

if we buy altcoin in need is bitcoin as payment, so do not be surprised if bitcoin rise, altcoin also rise. do not think bad about price maanipulation because all transactions are connected to blockchain.

[Akpuv]

Yes it is very common to see other cryptos price go up once Bitcoin price goes up. I think this is because Bitcoin has a very large share of the market, and also because when the price of Bitcoin goes up, it increases the confidence of would be investors or new entrants to try and participate in cryptocurrency.

[Virtual miner]

Bitcoin has been the ruling coin in the the crypto currency market since its very inception and there has been no other coin that can really replace this benchmark set up by the bitcoin. So it is quite natural to see that how the price of the bitcoin plays an instrumental role in determining the price of all other alternate crypto coins. So it is quite obvious that when the price of the bitcoin rises, the prices of the altcoins rises and it is also true vice versa. However seeing the glorious past of the bitcoin, it does not surprise me at all to see that it plays a phenomenal role in effecting the prices of the entire crypto market.

[ruben43cb]

really awesome thread everyone. just read it all wow

[rahul7timt]

yes it is true that when btc up all crypto is high vice versa when btc down all alts down. in my opinion it is because that all coins transactions based on crypto as we buy all coins through BTC, BTC is the core of cryto so that is why it moves according to the btc movement.

[Kemarit]

They say that there is a correlation between bitcoin and other alts, so this rally shows that it is the case. I think for the simple reason is that bitcoin is the obvious leader of the pack, so where it goes, others follow. However, the problem is when bitcoin falls, alts follow but exaggerates its downfall. So its like when bitcoin goes up with small gains alts follow, however, when bitcoin falls hard, alts go down harder. So as investors you need to factor if you are in for short or long term, because it really makes a lot of difference in terms of how you are going to make profits.

[f150]

yes it is certain all crypto will rise if Bitcoin rise, because no one can replace the first rank position even no one can match Bitcoin in any market. because Bitcoin is its parent, so up and down Bitcoin will be very influential once on all crypto.

[LeviathanBarrage]

Bitcoin has dominating power over other currencies. That's why it happens generally.

[pictsidhe]

It is possible and this is a very simple info to me. To me, Bitcoin is the main thing in the crypto field. Without bitcoin, the crypto market is nothing. That's why if bitcoin price decreases then other coins can't stand strong, they will fall down too. So, all crypto coin's up and down relies on bitcoin. 

[shafi alam]

Basically every coin created based on bitcoin or ethereum platform , and those coins price based on bitcoin or ethereum.
maybe that's why price change of bitcoin is causes of all coins price change.

[bizarro]

We all know that here is some kind of strange mysterious principle present.  nobody understands the Direct depending but every time when bitcoin would go up alternative cryptocurrencies would follow it, and also vice versa!

[Caxton10]

How its possible its something fishy for sure if bitcoin price goes up all crypto prices goes up its impossible situation every time me see saying it cause each crypto trader buyer and sellers are different and each user who buys crypto buys difrent crypto at one time how come eveyone buys all crypto at one time and all crypto prices goes up at same time did u thought that ever

its for sure something fishy or not convincing what u think of it guys !

https://puu.sh/APGiX/d2e489d444.png

I think this is so because Bitcoin has become a standard currency for comparison. If I'm not lying most altcoin can be exchanged for bitcoin and hence somehow altcoins depend on bitcoin.

[Sandus_Cryptolover]

It is a fact because Bitcoin controls the market. All altocns are linked to the bitcoin one way or another. Thus anything affecting Bitcoin today will generally affect altcoins altogther. Bitocin got that privileged been the first digital currency to be generally accepted.

How its possible its something fishy for sure if bitcoin price goes up all crypto prices goes up its impossible situation every time me see saying it cause each crypto trader buyer and sellers are different and each user who buys crypto buys difrent crypto at one time how come eveyone buys all crypto at one time and all crypto prices goes up at same time did u thought that ever

its for sure something fishy or not convincing what u think of it guys !

[bungutko]

If btc goes uptrend, the usual case is that majority of the alts will follow because these allts and btc are correlated with the other. The profit from the investors of btc will somehow  be used in buying more alts that I think has an impact on the increasing altcoin price value.

[9jaflick]

How its possible its something fishy for sure if bitcoin price goes up all crypto prices goes up its impossible situation every time me see saying it cause each crypto trader buyer and sellers are different and each user who buys crypto buys difrent crypto at one time how come eveyone buys all crypto at one time and all crypto prices goes up at same time did u thought that ever

its for sure something fishy or not convincing what u think of it guys !

This is because they are peered to  bitcoin (traded in BTC) so as bitcoin goes up the satoshi price on which a particular altcoins been traded on also increase. That all and nothing more behind it