Bitcoin down Altcoin down

[yrrehc16]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

TYes there is, most alts are connected to BTC,
ALTS/BTC in the market theb BTC has its own value with USD.
this will take effect in the market as we all know thatr alts are into USD but and but there is no alts for them to usd...
like atls/usd system right?

[Kaydking]

To my opinion, i think all other coin depends on bitcoin margin.. The higher the bitcoin price, the higher the other coin price..

[silver23]

Bitcoin is center of all cryptocurrency.
So, when Bitcoin price is going down the other coin is Affected on it.
We can look like ETH, NEO, and other.
When Bitcoin is go down it all is down too.

[Z_Max]

I believe that all coins are very dependent on the bitcoin price. Because bitcoin started this market and will be through. It's like a dollar in fiat money. Sets the growth rate for everyone.

[Kurokyy]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

Yes obviously there is a relationship between the two because ethereum is tether to bitcoins so obviously, most of the altcoins will drop if bitcoins is going to decrease its price in the market.

[chocopapaya]

It's closely related because the value of the entire crypto market is based off of BTC.
If the value of btc goes down, then the value of alts go down automatically in proportion to how much btc fell.
It is somewhat similar to currencies that are pegged to the US dollar.

The reason why the market is this way is because btc is really the only coin that is widely traded and can be quickly converted to fiat.
for example, You can't take your ADA or XMR and trade it with other alts directly, you would have to change it to btc, then use the btc to buy another coin.
Also, it's not very easy to sell your ada or xmr directly for cash.  you convert it to btc, and then you sell the btc for cash.
It's not like governments decided it to be this way or there is some legislation that forces it to be this way.
it is just the natural reality of the market.
BTC has been around forever, it is the first and most widely used.
The community needed something to rally around to create valuation on the market and became btc.

[MyCryptoCap]

Given the complexity of mathematical analysis in the crypto-currency niche, I would not advise to link these crypto-currencies. This is too little information for analysis.

[Oltort]

Given the complexity of mathematical analysis in the crypto-currency niche, I would not advise to link these crypto-currencies. This is too little information for analysis.

It is.
The price is going to have a pump not that long from now, don't worry if this price does not make you want to sell your coins.

[tanveer01]

That's the moral of story which is going from last few years. Whenever Bitcoin fall, other altcoin also fall and when Bitcoin boom, other altcoins also boom. May be the reason behind is Bitcoin popularity all over world and also Bitcoin is our first currency. Many investors love to invest in Bitcoin, so thats the one more reason.

[Esofdemon]

It's always like that. If Bitcoin is going down, altcoins follow the fall. If Bitcoin is growing fast, altcoins are falling.... If Bitcoin is stable then all altcoins are growing.

[_crypto_moon_]

In most cases, the fall of bitcoin is served by many altcoin, as due to the fall of bitcoin, panic begins in the market and everyone is trying to enter the so-called stablecoin.

[Kersh768]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

Some altcoins are dependent with the market value of Bitcoin and etherium. But not all the time same thing happens such that there are instances wherein the msrket value of Bitcoin is falling, while the price of some alts are in green marks. But at this moment, every crypto suffers from the continuous downtrend in the market thid year, cutting the market value of most cryptos 50% of their highest market price last year which pushes many people to hold for now.

[xDispeLme]

Yes bitcoin has an impact on the prices of altcoins so they repeat the rise and fall of the bitcoin price.

[RiskySanchez]

but the most influential thing is altcoins like ETH because altcoin is the calculation of the highest decline compared to bitcoin. this should have been a must concern for ERC20 to be redeveloped and restore value to the crypto market

[RyanDMC]

Well, when bitcoin pumped it got to a point where altcoins where staying way behind, so their demand started to grow and that is an scheme that seems to be lacking right now, altcoins are more independent at the moment.

[Denbella]

Sure. Bitcoin is down and so also, are altcoins. Bitcoin is so powerful in cryptocurrency market that it controls the affairs of altcoins. Any positive or negative change in bitcoin will affect altcoins the same way. The impact of bitcoin is irresistible for altcoins.

[rickn]

Bitcoin is the king of the crypto and rules all the movement of the market. It is that it leverages or knocks the market with its recurring fluctuations

[mohammedmattar]

bitcoin is the value that determines altcoin
So there is a relationship between the two
Also, the dominance ratio of Bitcoin determines the value of Altcoin vs. Bitcoin.

[Matimtim]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

Based on my own understanding that`s the general situation of crypto world because altcoin price is always depends on the price of bitcoin because altcoin made based on the characteristic of bitcoin or in the other word bitcoin is the mother of all coins in the crypto world.

[equal2detask123]

All altcoin is based on the bitcoin. So Bitcoin is really important to other all altcoins. We can see a great example for that one because the current BTC price is around 7000 - 8000$ and altcoin are in low prices. The main reason is the BTC price goes down.