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Author Topic: Altcoins are not independent!  (Read 305 times)
Aleksey1958
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July 13, 2018, 09:32:30 AM
 #1

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...
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July 13, 2018, 07:28:22 PM
 #2

Agreed with you that altcoins are not independent. Mostly they depend on the the value of btc in the market. And I do believe that value of all crypto depends on the traders behavior and also on the miners.
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July 14, 2018, 03:26:17 PM
 #3

The altcoins are actually not independent as well as they are barely predictable. We can hardly guess what will happen to these after a year. Besides, the price of altcoins are dependent on the price of bitcoin's price fluctuation.
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July 14, 2018, 06:13:53 PM
 #4

Altocins actually follow the main crypto currency, the bitcoin. When the prices of bitcoin fall the prices of altcoin also falls and vice versa. There is no explanation for this but if we study the previous pattern of the market this can be observed. And this necessarily doesn’t mean that a coin is dead, with the rise in the price of bitcoin the price of altcoin will also rise.
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July 14, 2018, 06:14:33 PM
 #5

The bitcoin being the king crypto has always put the lime light on it and for this the whole market is somewhat judged by the price of bitcoin. This made the Altcoins dependent on bitcoin and this is kind os unfair I think. As altcoins are not independent it is found to follow bitcoin in both price fall and price rise.  
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July 14, 2018, 06:16:57 PM
 #6

Yes i agree with your point, basically all the coins depend on market sentiment and volume as soon as the sentiment becomes posiive we will see volume growing and fomo that will push the value of each coins higher especially the established ones, so expect btc, eth, ltc, xrp, zec, dash, ada, icx, neo, eos etc to grow nicely in the next bull run.

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July 14, 2018, 06:19:23 PM
 #7

Is it obvious that altcoins have a dependence of the total market capitalization of the Cryptocurrency

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July 14, 2018, 06:22:41 PM
 #8

Altcoins are not independent but they are not that opaque either, so you can more or less see their progress and observe that there are moments in which they loose their link and become extra profitable.
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July 14, 2018, 06:47:08 PM
 #9

Not fully agree with this statement. So Ethereum price was 0.15 BTC per ETH one year ago (last summer). Now it is just 0.07 BTC per ETH. I think that double fall of the price - it is more than significant.
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July 14, 2018, 06:49:21 PM
 #10

 cryptocurrency is not dangerous. just the authorities it is inconvenient and, therefore, they interfere and create a bad opinion. that what I think
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July 14, 2018, 06:56:28 PM
Last edit: July 15, 2018, 11:38:20 PM by vintages
 #11

Of course, almost every cryptocurrency arise from the concept of bitcoin. If bitcoin didn't come to be,  other cryptocurrency won't also. Before Satoshi brought up the idea of a decentralised cryptoscurrency, many developers who are bring up other ideas of a decentralised cryptos never thought of it, even those developers who set up shitty projects to scam people. So the price of bitcoin and Ethereum determines the price of an altcoin.

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July 14, 2018, 07:06:07 PM
 #12

I also noticed long ago that altcoins are dependent on the price of bitcoin
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July 14, 2018, 07:06:35 PM
 #13

Generally Altcoins depends on the Bitcoin market. The cryptocurrency depends on the market demand. If the demand for cryptocurrency increases, also its price increases. Bitcoin has a great impact on the crypto market.
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July 14, 2018, 07:10:36 PM
 #14

If you understand the trading pairing movement, you'll know that altcoins will definitely be dependent on bitcoin as that's the main pair for it as it's mostly can be liquidate to fiat. But now that ethereum can also be seen in majority of exchanges, there will become a time that the altcoins, esp dapps will be independent.


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July 14, 2018, 07:14:21 PM
 #15

Yeah, man. I think people will read your topic and say, " Yes? okay." Close the page and create a new topic with the same questions you answered. These are people.
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July 14, 2018, 07:16:36 PM
 #16

I've always had a reserved opinion to the believe that All currencies follow BTC.
I think bitcoin being the number one coin, reflects the changes in the market (first), it doesn't particularly direct the market trend.
And all other currencies appear to follow it.
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July 14, 2018, 07:19:39 PM
 #17

Almost all the investors are looking at the price of main crypto currencies like BTC and ETH and they invest on all other Alt coins by looking at the price movements of those major coins. So these price movements of major pairs directly effect the prices of all other Atl coins. That is why Alt coins are not independent.
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July 14, 2018, 07:21:08 PM
 #18

I support your point of view. The price of altcoins depends on the situation on the market and on the attitude of the target audience. Also, the news front plays a big role because it is a tool for manipulating the masses.
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July 14, 2018, 07:37:23 PM
 #19

that's right that altcoin is not control by any government or athoutrity but it mainly control by the market and users. investors interest over it and their activities toward the market is the policy to control it price , even it is hard to predict what will be it's future if the price will be rise or not
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July 14, 2018, 08:56:21 PM
 #20

You are so right. I think, sometimes posts are really thoughtless. But we have to used to it. I hope market will rise again and people are going to open good posts.

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July 15, 2018, 10:30:30 AM
 #21

I agree with you. Altcoin is not independent and it's price is dependent on the price of bitcoin. The reason behind is that bitcoin is the king crypto and has much influence over the market.
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July 15, 2018, 01:05:52 PM
 #22

Yes, you are right. The price of altcoins are dependent on the price of Bitcoin. When the price of Bitcoin falls, the price of other altcoin falls well.
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July 15, 2018, 02:42:15 PM
 #23

Actually there is no formal documents based on which we can say that altcoins are dependent but it has been noted from the past that altcoins always follow bitcoin. So we can say that altcoins are dependent on bitcoin based on the previous experience. This proves that bitcoin is the market leader.
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July 15, 2018, 02:45:48 PM
 #24

I agree to that. The altcoin price is highly being driven by the general market mood which is usually set by BTC price action. Market is pretty amateur right now and altcoins don't yet move independently but according to the most dominant currency, BTC. I have seen EOS and TRX didn't move at all when there was the mainnet release because the general market conception was bearish.
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July 15, 2018, 02:48:27 PM
 #25

Yes
I think you are right that altcoins are not independent
But your subject does not correlate your content of post

It is impossible for Etherum to clock 15,000$, let’s hope for at least 1200$
Because the market for Etherum is desperate and dumping occurs daily
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July 15, 2018, 02:52:34 PM
 #26

The problem in here is that everybody is using altcoins for making money, most of them do not even care about the technology or the progress that a single coin is having, they just want money and that is all.. So, it is all an entire cycle

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July 16, 2018, 06:11:04 PM
 #27

Not only altcoin in this crypto market so many coins are depend on bitcoin price. Because bitcoin is the market leader. That’s why other coins are follows their strategy.
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July 16, 2018, 06:45:45 PM
 #28

Yes your this information will help the newbies as they dont know about this stuffs and I agree with your fact that altcoins are not independent. They always depend on the value of bitcoin whether it is low or high.
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July 25, 2018, 02:37:50 PM
 #29

I'm more interested in another question . from what bitcoin is repelled why there was such a rise and now such a rapid decline
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July 25, 2018, 02:52:43 PM
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as uses with returns of tasks of moderation following movement of drawing with chart on market, trader to defines of decision as disputing selection of option to begins or keeping of position and returns with spares on challenge as the relative of shifts with different on exchange as the business on crypto finance with the bitcoin trading.

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July 25, 2018, 03:41:46 PM
 #31

I am seeing lots of similar questions being raised in altcoin section and I might say that most of these people don't even bother do their own research before raising a question or they are just started their journey in cryptocurrency. They should call is a correction and not a crash or that altcoin they are referring to is dead. The price of an altcoin depends on technical and fundamental results.

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July 25, 2018, 03:47:17 PM
 #32

There are couple of simple rules on this market. If no new money are coming, something will surge like we see now, alts are going to hell. When BTC stops, price is keeping on the same level and people start to take some profits from BTC and buy alts. When BTC get dump, people sell alts as well.

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July 25, 2018, 03:53:42 PM
 #33

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...


But what happen recently that bitcoin price is seems to a bull run and the price of all altcoin is still a negative results so I will conclude that these are an independent Coin.
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July 26, 2018, 12:57:38 PM
 #34

And it wasn't a secret. Every element on the cryptomarket is connected with others and this relation supports cryptocurrencies' development on the market.
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July 26, 2018, 01:03:27 PM
 #35

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...

It is truth and all cryptocurrencies and altcoins are depending on btc.  That is why when bitcoin is increasing in price it drag all other one along and when it is getting dump all other coins also get dump.  It means when you want to invest in altcoins you have to Look at the bitcoin reactions to events in the market.
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July 30, 2018, 07:04:46 AM
 #36

NO, the company of whose group in alternative coins are independent.
They are not depending on other companies because their management provides operation for the generation of their income.
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July 30, 2018, 07:13:10 AM
 #37

Altcoins are actually not independent. Think they rely on the btc price action. That's why when the BTC price falls it affects the altcoins too.
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July 30, 2018, 07:20:04 AM
 #38

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...

a lot of information or news that continues to circulate and develop bad news and even the most important good news for me is the confidence with the coins that we have of course based on great patience also in the investment
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July 30, 2018, 07:34:23 AM
 #39

I believed that all coins in the market are dependent not on BTC itself but on the factors that affect its value. These factors can be news, fear factor, mutual influence, political factor, etc. These factors greatly affect the value of each coin. So basically its like a domino if one fell then that makes it for all of them.

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July 30, 2018, 08:52:09 AM
 #40

This is strange for me. When I started to trade crypto alts were independent and I was able to trade. Now they are going by BTC. Hope we will see normal prices on BTC around 3-4 000 and a normal market as it was before this pump to 20000 usd.

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July 31, 2018, 01:55:29 PM
 #41

And you are totally right because alternative cryptocurrencies depend on Btc and so on. This symbiosis is  a good way to be independent for crypto but these disadvantages are too important.

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July 31, 2018, 02:10:45 PM
 #42

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions..
Obviously people creating this kind of topics to create attention for the specific coin they are investing and by creating this kind of threads it draws more attention to the public and make them wonder what is going on in this specific coin and trying to encourage them to invest to make the price go up. On the other side some people creating threads like this to create FUDS to lower down the price of the coin to open an opportunity for them to invest. But in reality these markets are dependent on the price of the two major coins in the market, BTC and ETH and all you have to do is mark its price and wait forit to rise up and start gaining from your investment.

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July 31, 2018, 02:29:09 PM
 #43

I agree, now the market is like this. I think that over time the situation will be better and some altcoins will become independent.

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July 31, 2018, 02:31:37 PM
 #44

As BTC grows it sucks the sats from altcoin and once BTC dominance is re-established, sats return back to alts. This has been happening for quite a while.
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July 31, 2018, 02:41:13 PM
 #45

In situations like this, yes, almost all altcoins are dependent to btc especially that all of them.are traded against BTC. But I remember in the past that there are altcoins who are reversely proportional to btc.




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mr.nby
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July 31, 2018, 02:45:21 PM
 #46

Yes, you are right. The price of altcoins are dependent on the price of Bitcoin. When the price of Bitcoin falls, the price of other altcoin falls well.

All altcoins depend on a different currency. Everything on the market is interrelated. Most altcoins were created on ERC20 so they depend on eth and create a pair used to trade. Eth creates a pair with btc so it is obvious that it depends on the btc price.
hewbrowden
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July 31, 2018, 02:49:58 PM
 #47

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...

In general, this is correct but not only Bitcoin affects Ethereum. For example, now we see that Bitcoin is more expensive every day and Ether is cheap, although it should be the opposite.
rayjellanajao
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July 31, 2018, 02:55:50 PM
 #48

Yeah, most altcoins are depending on bitcoin. As bitcoin price increases, altcoins follow and that's where the green market appears but also when the bitcoin price decreases so as altcoins. That's why we can't expect some altcoins to increase their prices on their own. It still depends on the bitcoin price.
ityandsyn
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July 31, 2018, 03:08:13 PM
 #49

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...


     Altcoins are independent to each other and also with the Bitcoin that's why some altcoin have zero value and the Bitcoin have a higher value like also for example what happen for today that the Bitcoin price hiking up high and the Ethereum and other alt are remains at the bottom, so these means altcoin are independent to Bitcoin .

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July 31, 2018, 03:16:44 PM
 #50

As BTC grows it sucks the sats from altcoin and once BTC dominance is re-established, sats return back to alts. This has been happening for quite a while.
This is true. In fact, around this same time last year, the market has undergone what some people dubbed as "altcoin season". Whereas interestingly, bitcoin was tanking and the alts are gaining. This is the only time I have seen alts become more detached from the price of bitcoin.

RasicaOla12
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July 31, 2018, 03:39:56 PM
 #51

Altcoin is an alternative to Bitcoin and has the potential to overcome the shortcomings that Bitcoin has not overcome yet. Although there are a lot of Altcoin still trying to surpass Bicoin but no coin do that altcoin has a relationship to support each other.
s31joemhar
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August 06, 2018, 02:01:26 AM
 #52

Of course not, the alternativecoins are independent one, because they are not depending to anyone to be a able to have a lots of investors or traders in this kind of business and industry.
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August 06, 2018, 02:22:21 AM
 #53

My answer is always bitcoin will always beat all. this is due to, “because Bitcoin is king/queen, and the other coins are at best following it.

It is hard to come up with a fundamental algo with which to price coins, so coin prices just follow Bitcoin as a sort of gold standard (“the Bitcoin Standard”).

It is the number one coin, and thus it is the coin that decides the market price in general.

If there is another standard way of changing ALTs to other currencies example to FIAT. it would much less affected to the price of BTC.
Abbey77
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August 06, 2018, 02:42:59 AM
 #54

They are not independent, there is a connection with bitcoin, so this is associated with altcoin that when there is pumping up in bitcoin, there will be low in price for altcoin... Though not only bitcoin affect altcoin.
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August 06, 2018, 02:53:44 AM
 #55

I agree with your analogy. All altcoins are of course are obviously dependent with bitcoin that is why every time the btc goes down all other altcoins would go dip as well. Also I believed that crypto markets are being manipulated by those people who has huge holdings of different assets. I guess it is better if all the exchange platform would require minimun trade just like with idex so that it could lessen the manipulation of trades by those people who would want to just play with the crypto price.

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August 06, 2018, 06:44:30 AM
 #56

that's true, actually, the altcoin prices will follow the price of bitcoin. and we cannot predict when the price of crypto will rise. all we can do is wait until the price goes up and hold the coins that we have until the crypto price in the market rise again. we must be able to manage crypto assets well so we do not suffer losses.

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drants
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August 06, 2018, 08:54:06 AM
 #57

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...

thank you for your observations! yes, i've noticed it too and also i guess bitcoin is dependend from something i can't figure out yet. but still, alt follows btc indeed

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magnat7691
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August 06, 2018, 08:58:32 AM
 #58

Nobody doubts that Bitcoin is a leader in the crypto-currency market, its fluctuations are exposed to all altcoins.

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August 06, 2018, 01:02:54 PM
 #59

 I agree with you because Altcoin only follows the prices on the market from Bitcoin. therefore bitcoin is also called the king of coins.
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August 06, 2018, 01:26:54 PM
 #60

Your explanation in this thread has answered the bounty of the bounty hunter, the answer that you give that altcoin is not independent, that is true, which means that Ethereum will not die and will not reach high prices without being accompanied by other altcoins, in my opinion it depends on the price of Bitcoin too

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August 07, 2018, 12:07:44 PM
 #61

Altcoin is not queen and it's cost is dependent on the cost of bitcoin. The encompassing ass is that bitcoin is the imperator crypto and has even frank over the amusement fair.
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August 07, 2018, 12:16:50 PM
 #62

you are right. Whether the price of BTC or ETH or .. something sharp drop can not judge whether it will or is dying. We can not predict anything, if the BTC price goes down, it can also go up as fast and out as the end of 2017. Unpredictable.
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August 07, 2018, 12:22:05 PM
 #63

I agree that altcoins are not independent, altcoins can't stand alone without the help of the foundation of all cryptos and that is the bitcoin. Their prices are usually depends on the bitcoin's price, especially those altcoins who paired with BTC in the crypto exchanges.

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August 07, 2018, 12:25:51 PM
 #64

I completely support your thoughts, this is a good explanation for many newbies who have joined the market recently. Prices depend on market trends, they don't show whether a project is alive or not, many sheetprojects have closed but their tokens are still tradable  Grin

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August 16, 2018, 05:51:39 AM
 #65

Altcoins depend on Btc and it is not a secret at all. This connection is too hard and I am sure that there could be a lot of problems thanks to it in the future.
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August 22, 2018, 11:19:38 AM
 #66

they depend on the world's events and so on, and they also depend on btc which has very strong influence on the whole crypto market in the real tim and will have in the future, and this situation needs in solution in nearest time as other have mentioned here quite earlier.
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August 22, 2018, 11:24:24 AM
 #67

It relates to BTC in orice, value and any change in the market.
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August 22, 2018, 04:21:42 PM
 #68

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...


Of course they are not independent, but that is the same with the stock markets, the bonds and other financial instruments, they all move more or less at the same time.

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August 22, 2018, 04:29:16 PM
 #69

I think that over time the situation will be better and some altcoins will become independent.
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August 22, 2018, 04:36:16 PM
 #70

I think most people know this truth, but sometimes they don't want to admit it. When the bitcoin goes up, altcoins may not all follow the step of BTC, but when the bitcoin falls, all the altcoins must fall with this. This is the fact.
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August 27, 2018, 07:45:02 AM
 #71

Every altcoin bows to the Bitcoin. People who manipulating with Bitcoin are manipulating with every altcoin else. So I guess we can't talk about true independence here. Bitcoin is rightly considered the father of the crypto currency. Another thing is its low level of blockchane and long transactions. They make us think that we should find an alternative.
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September 07, 2018, 01:25:33 AM
 #72

As followers, altcoins can be said to be independent. As we saw recently, if the price of bitcoin has decreased, the altcoin will also follow. We cannot predict the value of this altcoin. The value is always volatile.
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September 07, 2018, 01:41:34 AM
 #73

I agree that the altcoins are not independent in the direction they move but they are independent in the percentage they can move.  That's the entire game while playing altcoins.  Which ones will outperform Bitcoin.  You play this game to increase your Satoshi stash. 

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September 07, 2018, 07:23:32 AM
 #74

author of rights. I do not understand how many others have not yet understood this. Even when bitcoin sharply begins to grow - the altcoyins will still fall. The market is determined by father bitcoin
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September 07, 2018, 07:51:17 AM
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 #75

Altcoins are still very dependent on Bitcoin. I noticed a connection - when Bitcoin grows in price, the dependence of alts also grows. It may sounds obvious, but BTC will keep it’s influence as long as it is a market leader.
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