Bitcoin down Altcoin down

[asdalani]

it seems there are still many who do not understand why why when Bitcon is down, the altcoin will be down. Actually in the crypto world there are 2 coins that play an important role in the increase or decrease in price.

Even though the price of most coins are leeching off of Bitcoin it doesn't give them less of a chance in history to pump.

[duyduc256]

I continue to sincerely believe that practically all the altcoins in the modern crypto market directly depend on the success and development of BTC and Ethereum. After all, these are the two main and most popular coins that directly affect the state of the modern crypto market.

I agree with you because Bitcoin and Ethereum play the most important role in the Cryptocurrency market because only a slight price drop will make the whole market bleak and vice versa. I personally believe that in the coming time the market will be more stable and people can invest now this year

[windfaraday]

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

In my observation, like in the coinmarketcap, the value of btc can effect for most of altcoins in the market. When the price of btc goes down, so most of altcoins will follow it which its price will decrease too. But when the price of btc increase, most of altcoins's price will pump too. So i think bitcoin will affect for another altcoin's price, like today when the price of btc in the red zone, most of altcoin's price in in the red zone too.

[DangerETH]

Yes, everyone is fixated on Bitcoin, and they start to panickly sell their even “good altcoins” for a penny. Why is that ? If really a good coin, why sell it when bitcoin falls in price? I do not fully understand this market.

[jusertvaz]

drop coins this is a logical result because last year was an artificial growth due to the hype. The hype has passed and the coins began to fall. It started with the fact that Ethereum has increased the complexity of computing the yield began to fall. At the same time began of bitcoin transactions were processed for a very long time and people started to lose money

[popkiko]

Basically when bitcoin down the altcoin also down it is because altcoin is traded in btc which is the main pair in almost exchanges other reason is the demand of investor in crypto.

[Irina_ortman]

Between Bitcoin and Altcoin, there has always been a big connection. Bitcoin is the basis of the cryptocurrency market, it is the leader of this world

[labuan]

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

of course because Bitcoin is Mother of Cryptocurrency, so why bitcoin will be row model to many crypto. That's why if price of bitcoin down, many of Altcoin will down too.

[tensports]

There's no specific reason behind its but altcoins price related to bitcoin price like what happened now in the market bitcoin are down from $20K to $6K-$7K and most of altcoins is down also.

[katerinaliisa]

The price of altcoins depends on the price of bitcoin. But the more popular altcoin becomes, the less this connection becomes.

[hanifhadzar]

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

In some prices usually affect the altcoin, all prices for altcoin are based on the bitcoin exchange rate and not on the dollar exchange rate, when the bitcoin price falls or rises then all altcoins will always follow.

[Mery Gason]

Personally, I think that all tokens in the cryptocurrency market are closely related, and most coins are affected by the price of Bitcoin.

[manfredmann]

Altcoin and bitcoin exist in the same market and both are crypto currencies. there will always be a link between the two. But this has not been proven by an actual research. Yet by seeing the pattern of the market for the past years this can be said that when the price of bitcoin changes the price of ALT coins changes too.

Of course because market price in the market determine and affected by the bitcoin market price movement. However, altcoins may move faster depending on the implementation of the project and the community that help the project to be fully develop. Thus, ROI will be one of the reason of it that a certain coin in the market moves faster.

The pattern for bitcoin and for the altcoins may not be the same. However, bitcoin may affect the market price for the altcoins especially to those projects that are not yet fully develop.

[Rastafarian]

The price of almost all the altcoins I know is determined greatly by the price of bitcoin. I become convinced when the price of bitcoin goes high with direct proportion to the other altcoins.

[bonji77]

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

In some prices usually affect the altcoin, all prices for altcoin are based on the bitcoin exchange rate and not on the dollar exchange rate, when the bitcoin price falls or rises then all altcoins will always follow.

Yes, because bitcoin greatly affects altcoins, and this is a natural thing because I think bitcoin is the king of coins, but I really hope the market conditions and bitcoin prices will rise again later this year.

[melkola]

The general opinion is that Altcoins are tied to the Bitcoin rate. But this is all nonsense. Just bitcoin was so let's say the first of their cryptocurrency, who believed in themselves and told the world about digital money. Now it is considered to be a global currency. But I think that this is not at all the case. Very soon, time will put everything in its place and new, full-fledged “altcoins” will appear, behind which there is real business and capital.

[hardhouseinc]

I think there is a connection between these two. We have seen that when the bitcoin grows the altcoins also grow.

[bajindul88]

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

Relationship between Bitcoin and Altcoin is not too far away, it's just that bitcoin is the first coin that appears and is needed for other altcoin transactions. bitcoin dropped not because altcoin instead of Altcoin dropped not because of bitcoin. it all depends on market supply and demand on all users who use the product / coin

[raptorez]

These are very dependent things, so I think that in general it is very scary now to understand to what extent BTC can fall, because it is he who is the leader of this industry, as you yourself said. We are waiting and hoping

[NORD YGGDRASIL]

Bitcoin will always be the most stable compared to other altcoins. Bitcoin problems automatically mean very big problems for all altcoins. But it does not work the other way around. If some kind of altcoin has a problem, for bitcoin it will mean nothing at all. He is too heavy and powerful.