Is present of altcoin will take effect price of bitcoin?

[pendulangemas]

Hi everyone. I'm newbie. I wanna ask question.
Nowaday, many altcoin present in crypto-currency.
My question in my mind, Is present of many altcoin will take effect to bitcoin's price?
Give me an explain plead.
Thank you.

[_CryptoBrain]

All crypto currencies are related to each other, so, of course, altcoins influence the price of bitcoin, but bitcoin will always exert more influence because of its status as the first crypto currency.

[Lighthouze]

Bitcoin actually has more effect on the price of altcoins. This is the reason altcoins are in their current state because the price of btc. If there's a BTC bullrun anytime, the prices of alts will spike too

[tabas]

Yes that's taking effect, there are many altcoins but all of them are giving effect to bitcoin's price. All of these altcoins need bitcoin before buying so it needs to go through bitcoin first before you can have them. In ICOs, some doesn't prefer bitcoin but ETH instead but when it goes listed to an exchange still they will be needing bitcoin. But in some exchange, there's only ETH / altcoin trade orders that you can do.

[Genemind]

Hi everyone. I'm newbie. I wanna ask question.
Nowaday, many altcoin present in crypto-currency.
My question in my mind, Is present of many altcoin will take effect to bitcoin's price?
Give me an explain plead.
Thank you.

Well, I think it does have an effect. Since there are a lot of cryptocurrencies and almost all of them are paired with either US dollar, ethereum, or bitcoin, it only means that people will be buying or selling bitcoin from time to time just to buy some altcoin or vice versa.

[pendulangemas]

Okay thanks all. Now I get the point that altcoin almost all needed to pair with BTC and it affect to BTC.
Many thanks

[liuqi]

Okay thanks all. Now I get the point that altcoin almost all needed to pair with BTC and it affect to BTC.
Many thanks

If you got the answer you must lock this thread because many spam thread was created in this forum so we should avoid the spam users in this forum. Altcoins are just a alternative so we should buy Bitcoin then exchange to altcoins so both are mingle with each other and once Bitcoin is down similarly others are down in the market.

[hani1929]

Yes it will affect the price of bitcoins, first of all the investors will need bitcoin in order to buy some altcoin that makes bitcoin is so popular it was the first crypto, that's why when bitcoin is on high demand the price also will get increase.
But those new altcoins  from ICO prefered eth to distribute their tokens and it when get listed in the  market  especially in forkdelta and etherdelta theres  only altcoin/eth and some big exchange theres also altcoin/eth altcoin/btc.

[pranazzs]

Probably one of the effects is the bitcoin price dropped yesterday when the bancor hacked and stolen is altcoin like ETH, pundi x, bnt. true or false???

[janggernaut]

Op's question is really good until i can't even understand what are he trying to ask on here. OP, what language did you use?

Probably one of the effects is the bitcoin price dropped yesterday when the bancor hacked and stolen is altcoin like ETH, pundi x, bnt. true or false???

Probably true, after bancor got hacked, bitcoin and all altcoins price falling down.

[poodle63]

Hi everyone. I'm newbie. I wanna ask question.
Nowaday, many altcoin present in crypto-currency.
My question in my mind, Is present of many altcoin will take effect to bitcoin's price?
Give me an explain plead.
Thank you.

If they will create another FOMO to the crypto and it will give a huge impact to the bitcoin because it will eat the bitcoin dominance to the market. You should remember last year and the bitcoin dominance was around 28.6 percents and it can be considered as very low percentage of bitcoin domination in the cryptocurrency.

But that will be back again to the how good those new projects are

[Dayattaufik]

All crypto currencies are related to each other, so, of course, altcoins influence the price of bitcoin, as more and more new altcoins are emerging so the impact also affects the btc turbulence.

[Miguelgreen]

Bitcoin its the number One.
For 80/90% off trading you need to Touch in Bitcoin
Bitcoin its like gold on crypto world.
If it rises, alcoins Will Rise. The oposite
Also happen. And i dont see it Change soon.

[Itsmylife]

Bitcoin its the number One.
For 80/90% off trading you need to Touch in Bitcoin
Bitcoin its like gold on crypto world.
If it rises, alcoins Will Rise. The oposite
Also happen. And i dont see it Change soon.

I see that if the price of Bitcoin decrease, the price of altcoins will decrease. But if Bitcoin rise, altcoins still decrease . Bitcoin still is number one in crypto's world but in the future, it will be replaced by another coin, which can solve all problems of bitcoin now(the example is high transaction fees, the time to get confirmations...)

[slaman29]

Not really. It's actually the other way around. Bitcoin does well, altcoins do better. Bitcoin does badly, altcoins do even worse. So sometimes, people feel it's better to go for alts because of way more gains. But the risk is that you also suffer much more losses if alts do badly.

Of course, some coins still can go up and down on their own regardless of Bitcoin price, but this usually happens after events like hacks or some big development news. But when there are no events, the market follows Bitcoin.

[Awaknow]

As the parent of all digital currencies Bitcoin clearly has a strong bond with Altcoin. Altcoin's presence will affect Bitcoin, but I do not know if Altcoin will have a bad effect on Bitcoin or even better biycoin growth.

[Fatblly510]

Every altcoin is effected by bitcoin action. this is down to trading pairs and the fact that bitcoin holds a huge market share in this space

[ololajulo]

Altcoins seem not to affect bitcoin price again like it used to when bitcoin was mostly demanded at ICO, now most ICO demands ethereum. Even ethereum is not ejoying the demand because some manipulation are done to reduce price. The more ethereum was requested for ICO the more its been sold, so it directly has not impact on ethereum also. The project teams are not holding the coin.

[Coinseeker22]

each and every currency can affect every altcoins in the market, now which is which is difficult to determine. But Bitcoin is one of the major player that you can find now. And probably the first coin you get familiar with. With the previous months charts you can see that Bitcoin plays a lot when it comes to pump and dumps in the crypto world.

[komjhq]

each and every currency can affect every altcoins in the market, now which is which is difficult to determine. But Bitcoin is one of the major player that you can find now. And probably the first coin you get familiar with. With the previous months charts you can see that Bitcoin plays a lot when it comes to pump and dumps in the crypto world.

It seems to me that all these pumps and landfills are made artificially, so that a certain Caste of people could earn on the difference in price. After all, everything does not happen as in the market, and it's completely unpredictable.