Bitcoin down Altcoin down

[abstmain]

Of course those two are co-related with one another. Specially price of altcoin depends on bitcoin. Because most of the time, exchanges doesn't allow us to exchange altcoin-USD pair which is why we need to depend on BTC for trading altcoin. That's how altcoin is depended on Bitcoin.

[ToniJu]

Yes, all the coins in the cryptocurrency market are closely related, and most of the coins are affected by the price from Bitcoin and ETH!

[fdsar]

There is relationship because atlcoins sometimes used by some people for transfering Bitcoin into them to ensure it from losses. And besides that most of altcoins follow after Bitcoin in different ways.

[jtbcoins]

Most of altcoins getting down not with Bitcoin, but with Ethereum. There are old altcoins that depend on Bitcoin, but most of new altcoins depend on Ethereum.

[rltim555]

There is a powerful relation, correlation between these both assets. While BTC is dump, altcoins are dumped as well.
But I wish one day this corellation will disappear completely

[tinystone26]

Yes it has a very big relationship between those two because all Altcoins are just basing their value in bitcoin when it is in stable value or not, even they have their own value in the ICO. And I think also is because bitcoin is the most use in transferring Altcoins in their local currency in other country.

[Petr81]

It has been noted from the past that the price of altcoins follows the price of the bitcoin that means when the price of bitcoin is high then the price of altcoins rise high. Actually this relationship is not proved by any research but it is built on the basis of the previous experience.

not always, even take the last year in the summer, when bitcoin began to grow, and the coins fell. If the growth in bitcoin sharp coins will fall

[ShowOffoN]

Based on experience, there seem to be a relationship with the two although there is really no definitive explanation or confirmation about it. You may just notice that if the trend on the other is high, same goes with the other one. My guess is that it's because most of those who holds bitcoin also hold altcoins. Just my two cents.

[ecmnesiacrypto]

Surely both of them have a relationship. Between Bitcoin and Altcoin will be a close connection in Crypto. Because the markets in Altcoin are strongly influenced by market conditions of Bitcoin. And it is very evident that when Bitcoin experiences ups and downs, Altcoin will follow it but it shouldn't always be the same as Bitcoin.

[ginobitcoiner]

of course because bitcoin is a crypto currency that was first created and was first known as crypto currency that can be traded. therefore all latcoins will definitely follow the trend of bitcoin prices, so if the price of bitcoin drops then the altcoin prices will drop

[lorylore]

Actually I think it is the opposite way as bitcoin rise altcoin will down because people choose to invest in only 1 object. But recently no matter bitcoin or altcoin both matket are going downward because all the fake news.

[Junluyna]

Bitcoin is the leader of all coins the market becomes green it seems that it is in good pricing, but if it is goes down then the altcoin is followed, if it is not dropping down together with bitcoin it gets affected because bitcoin is parameter of all coins.

[cherryganda]

Bitcoin is going up now same goes to ethereum...
Some alts are having a rise while some still down and falling.
Market is really unpredictable, we should keep watching the news and updates daily

[vuthuanhai1990]

That's right! Bitcoin also is best coin so all altcoin depended on bitcoin. Maybe altcoin exchange btc but that is story far. In the near future, it wasn't happened

[Honourable11]

Bitcoin down altcoins down,  yes that is how it stand and that is how it will stand for a long period of time because bitcoin is the king of all coins and it determine the price and value of other coins, if bitcoin rise other coins will rise, if bitcoin falls other coins will fall its simple as that.

[lider1971]

Of course, this relationship is strongly pronounced in the market. All coins depend on the behavior of bitcoin prices and this has long been known. Everyone is trying to get as many coins of bitcoin as possible, because the price of bitcoin is the most stable.

[Harpawan]

Exchange does not allow us to exchange altcoin-USD pairs and why we must rely on BTC for altcoin trading. That's how Altcoin depends on Bitcoin.
Of course the two are interrelated with each other. Especially the price of altcoin depends on bitcoin.

[iqlimasyadiqa]

Bitcoin down altcoins down,  yes that is how it stand and that is how it will stand for a long period of time because bitcoin is the king of all coins and it determine the price and value of other coins, if bitcoin rise other coins will rise, if bitcoin falls other coins will fall its simple as that.

Bitcoin has a big influence on the state of the digital currency market. therefore we must be prepared to accept all the risks that exist, bitcoin is used as a benchmark because it has popularity, a level of trust and also a very large transaction volume. so everything that happens to bitcoin will definitely affect the overall movement of Coin. believe that when we can read the direction of the movement of bitcoin then we will also be able to read the direction of the movement of the altcoin.

[weisner]

Bitcoin dropped and altcoin also dropped, because it was very influential. Seeing this is certainly a lot of people feel uncomfortable, but this is a market that cannot be controlled by everyone.

[carlisle1]

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

Another noob question and I don’t know where did he get this kind of stupid idea

Bitcoin is a pioneer and the most trusted coin,look how dominant this coin is to prove that he will be the leader against all of the cryptocurrencies.

This is the reason why bitcoin controls the market since all investors buying bitcon before altcoins