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Author Topic: Bitcoin down Altcoin down  (Read 4364 times)
lafter
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August 11, 2018, 07:26:05 PM
 #341

Bitcoin is king in the crypto market, all altcoins have trade code with bitcoin so when bitcoin increases or decreases the value of altcoins will adjust accordingly. When Bitcoin drops people will sell to BTC or usdt if they are good altcoins that make the altcoins lose value. In addition to the fact that there are no new funds poured into the altcoins, trading volumes fell to the value could not increase.
gostop
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August 11, 2018, 07:35:03 PM
 #342

The value of Altcoins comes from Bitcoin. Most altcoins are purchased using Bitcoin, so they are of course related. Once the price of Bitcoin drops, it means that you will depreciate the purchase of altcoins with the same bitcoin.

jalaaal
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August 11, 2018, 07:40:36 PM
 #343

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?
yes there is, bitcoin and altcoins are quite related since we are all converting our fiat to bitcoin before we can buy any altcoins. bitcoin is down, altcoins is also down. and actually, almost all of the crypto in the market is down, due to some reason.

Dobrode
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August 11, 2018, 07:46:09 PM
 #344

Of course, the altcoins and bitcoins are interrelated. Usually when after significant growth bitcoin goes into the lateral triangle, and as we know this figure can change the trend in any direction, people start to reinvest in altcoins not to risk thereby causing their growth.
arthur305
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August 11, 2018, 07:50:20 PM
 #345

Well with bitcoins present dominance of about 50+% I believe if bitcoins is down anytime in these moments altcoins will definitely be down as well
Sunshangxiang
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August 11, 2018, 07:52:50 PM
 #346

Bitcoin certainly can affect the entire crypto market. When Bitcoin began to fall, all Altcoin was not spared. All of this is because the market is not mature enough. When the market grows stronger, then the price of Bitcoin tends to be balanced, and its impact on this market will be smaller.
Pineastwood
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August 11, 2018, 07:57:51 PM
 #347

Bitcoin is king in the crypto market, all altcoins have trade code with bitcoin so when bitcoin increases or decreases the value of altcoins will adjust accordingly. When Bitcoin drops people will sell to BTC or usdt if they are good altcoins that make the altcoins lose value. In addition to the fact that there are no new funds poured into the altcoins, trading volumes fell to the value could not increase.
but now bitcoin is not entirely a benchmark for altcoins, because I often see when bitcoin rises altcoins don't rise and vice versa. but I don't think we need to panic when the prices of bitcoin and altcoin go down because I'm sure prices will rise soon, we wait until the end of the month I think there will be an increase. so now is the right time to buy bitcoin or altcoin.
the rise
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August 11, 2018, 08:24:40 PM
 #348

Altcoin prices will always follow the trend of Bitcoin prices because we all know that every Bitcoin has decreased, the same thing will happen to other Altcoins, so the relationship of all altcoins will follow the price of Bitcoin so that if there is an altcoin coming in, Bitcoin will not always decrease.

Crim3
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August 11, 2018, 11:22:22 PM
 #349

Well with bitcoins present dominance of about 50+% I believe if bitcoins is down anytime in these moments altcoins will definitely be down as well
Today for the first time in the year 2018 domination became more than 50% isn't that good news? 100% sure that good Cheesy Breakthrough will be this year!

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GotNow
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August 11, 2018, 11:26:57 PM
 #350

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.

The both of them react base on the needs just like what we have noticed that yheir are times that Bitcoin will raise and Altcoin will raise too but their are time both will down. It is not a hindrance not to invest because it is a start up to let it grow them both and trust is the most improtant thing.
white_star
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August 11, 2018, 11:30:28 PM
 #351

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.

The both of them react base on the needs just like what we have noticed that yheir are times that Bitcoin will raise and Altcoin will raise too but their are time both will down. It is not a hindrance not to invest because it is a start up to let it grow them both and trust is the most improtant thing.
That's what crypto means there will be a huge down in prices and also there will be a perfect time to explode, the are bases only on bitcoin market so when it decreases altcoin has a bear trend also.

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smoolae
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August 11, 2018, 11:32:03 PM
 #352

Just remember that altcoins basically reflect what papa Bitcoin does (price wise). When the king takes a dive alts also follow but now when BTC starts mooning a lot of alts could take a bit longer to replace red with green.

Just keep hodling.

gempil
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August 11, 2018, 11:48:12 PM
 #353

Of course, bitcoin and altcoin are two coins that are very closely related, each of which gives each other a connection. The growth of all altcoins is fully controlled by bitcoin. If bitcoin gets a significant decrease or increase, then the price of all altcoins also follows the flow of bitcoin according to the ability of each altcoin.
Awrirem
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August 15, 2018, 06:07:35 AM
 #354

It is obvious from the market graphs that altcoin cost is co related with the cost of bitcoin moreover. At the point when bitcoin builds the cost of altcoins gies up,too. Same goes when the cost is low. This is clearly on the grounds that bitcoin has been the main birn if crypto and it has led the pack.
ronaldo macus
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August 15, 2018, 11:30:22 AM
 #355

Because of the downtrend, the altcoin holders will sell btc, so btc is making up 54% of the market capitalization of the crypto. But btc is down so the altcoin will down stronger.
odri777
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August 15, 2018, 11:37:30 AM
 #356

it is this tendency that can be traced that, when the price of bitcoin is down, after a while the time begins to fall altcoins
party22
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August 15, 2018, 12:34:27 PM
 #357

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

of course there is a connection between ethereum and bitcoin. Bitcoin on cryptocurrency acts as a price benchmark for other coins including ethereum. so if bitcoin goes up ethereum goes up and vice versa. bitcoin is related to everything in crypto.
Btcjoglyn
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August 15, 2018, 12:40:19 PM
 #358

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

Bitcoin and altcoin are directly proportional to each others. Bitcoin is the first coin that discovered and some technology that other coins uses is the same as bitcoin.  If bitcoin price goes down in the crypto market, later some altcoins will dump also. That’s the relationship between bitcoin and altcoins.
gordeevaverona
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August 15, 2018, 12:57:53 PM
 #359

when they begin to drive bitcoin up, then all traders and investors start pouring their finances into bitcoin! when bitcoin stops, then all the other crypto coins start pumping it! now there is no positive news on this bitcoin went to the bottom! because of this, people began to transfer their money into bitcoin! today in bitcoin is more than 50% of all money!
Bimaab
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August 15, 2018, 01:06:11 PM
 #360

I always believe that if bitcoin fall (that I don't think will happen) all the other altcoins will disappear, so, bitcoin and the rest are directly attached between each other. Bitcoin is the Mother, if his price goes down in the market, the altcoins will down also.
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