Bitcoin price and altcoin price

[cryptedshiva]

Altcoin price is paired with Bitcoins but not necessary depending on bitcoins. Most altcoin prices are determined by the demand and supply of the product and services they stand for and might not have anything in common with the price of bitcoin.

To be honest, I think it's not determined by the services it provides. There are still tons of projects that have nothing to serve and buying by people in the market.

[Doell]

The bitcoin value is currently ball run ,the value of altcoin does not depend on bitcoin ,well altcoin has its own price ,has a different character that is not the same as depending on bitcoin is far beyond control  ,the value of crypto exchange is not that simple

[akitha]

Btc is on 8100$ this time. .I think there is a small correction to happen.. Altcoin price i think it is not depend on btc even they have pair on btc it depends on the coin holder

[virtual_miner]

First of all, this is the phase with the most declines since the beginning of pump 1. There are now six series of candle drops and the 7th candle is coming. This is also the phase of correction down the deepest compared with the decline phase. before.
The volume increase has a decrease volume, while the decrease b volume has increased ==> weak buying and strong selling force. The trend is still bullish, so the priority is still buying. However, temporarily not expecting to pump as strong as the previous batch

[Adamant06]

Btc is on 8100$ this time. .I think there is a small correction to happen.. Altcoin price i think it is not depend on btc even they have pair on btc it depends on the coin holder

I think this time altcoin price will followed trend bitcoin price. It is mostly like since from the start of cyrptocurrency era bitcoin is the principal reference of any altcoin. Maybe its not in term of product and services but in terms of market prices.

[pey]

Altcoin price depends on btc price but that does not mean that when btc rise altcoins also rise and this is very short term effect it is early to say altcoins don't rise

[jackflag]

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

The altcoin price very depends on the btc price. Now many traders sell of their coins and holding btc. We need to wait, when btc growth will go stop for a some time and after, we will see a good altcoin pump.

[ooeygooeygold]

Btc is on 8100$ this time. .I think there is a small correction to happen.. Altcoin price i think it is not depend on btc even they have pair on btc it depends on the coin holder

I think this time altcoin price will followed trend bitcoin price. It is mostly like since from the start of cyrptocurrency era bitcoin is the principal reference of any altcoin. Maybe its not in term of product and services but in terms of market prices.

Most of altcoin are affected by the volatility of the market and the value of Bitcoin. Currently most of the altcoin is reduced dramatically due to the amount of money being withdrawn from altcoin being put into Bitcoin. I believe that the uptrend is coming back and the market will recover in the later months of this year.

[ocid]

Btc is on 8100$ this time. .I think there is a small correction to happen.. Altcoin price i think it is not depend on btc even they have pair on btc it depends on the coin holder

I think this time altcoin price will followed trend bitcoin price. It is mostly like since from the start of cyrptocurrency era bitcoin is the principal reference of any altcoin. Maybe its not in term of product and services but in terms of market prices.

Most of altcoin are affected by the volatility of the market and the value of Bitcoin. Currently most of the altcoin is reduced dramatically due to the amount of money being withdrawn from altcoin being put into Bitcoin. I believe that the uptrend is coming back and the market will recover in the later months of this year.

yes it makes sense, most people choose to sell altcoin and put it into bitcoin so that it can affect the trading volume of altcoin because more people are doing sales activities compared to purchases

[DogTheHunter]

We look at it with absolute certainty, but it is clear that there is a clear distinction between the pricing method and the target investor size between the two studies. We will see if this SEC is enough to persuade it, but it is gratifying that the second half of the market did not make this division and come back to the 8200.

https://theicojournal.com/cboe-source-winklevoss-denial-is-irrelevant-and-was-expected-by-us/

[The Seller]

the movement of the market is not always altogether, maybe this time the market is out of the line so when people see bitcoin prices continue to rise then they will throw away their altcoin then choose bitcoin.

[sublime5447]

No, altcoin has no dependence on Bitcoin but price movements can affect each other and their effects may vary with each altcoin, as it requires purchasing a coin using Bitcoin for example. Regardless of how dependent an asset to anything else, the value of each asset is based on supply and demand

[79b79aa8d5047da6d3XX]

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

Obviously altcoin prices depend on the price of bitcoin. Look. market capitalization has not increased sharply. But the bitcoin price increased to $ 8300. And the entire altcoin goes down. We can see the capitalization of altcoin has moved to bitcoin

[Killrbit]

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

Well the thing is up until now alt coins prices were largely tracking btc. But the extremely quick and large move over the last few days has meant that cor relation seems to have broken as of now.
In general these things always go in cycles when you will have a period where BTC goes crazy and alts go into oblivion the 8k to 20k move at the end of december followed by an altcoin spring from December to January.

Here is the basic principle though :

BTC goes up - ALts go Down
BTC goes Down- Alts go Down
BTC goes Sideways - Alts go Up

[ginobitcoiner]

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

in fact altcoin is not dependent on bitcoin, they are more dependent on ethereum or EOS prices, but ethereum and EOS are dependent on bitcoin prices therefore sometimes altcoin prices are not dependent on bitcoin prices

[larryjack]

If you want to grab some big money, just take advantage of Bitcoin because only Bitcoin is as powerful as a global virus that creates fomo psychology. When the capital is large, Altcoin is strong.This is evidence from 2013 up to now.

[Mia_pikachu]

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

if I do not think bitcoin prices can be used as a benchmark for altcoin price increases, sometimes it can happen, when bitcoin moves down the price will be followed by other altcoin, but what happens now the price of bitcoin is not followed by other altcoin, so we can not making bitcoin a benchmark for the rising altcoin prices.

[cryptic4000]

If you want to grab some big money, just take advantage of Bitcoin because only Bitcoin is as powerful as a global virus that creates fomo psychology. When the capital is large, Altcoin is strong.This is evidence from 2013 up to now.

But now it's the opposite because only bitcoins increase and altcoin is decreasing. I think we can not say anything in this market because anything can happen but if you have good psychology then you will win in any investment. The best advice at this time is to invest 70% in Bitcoin and 30% to invest in ICO or Altcoin projects.

[Jaycee99]

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

Well Lesson number 1, not all altcoins moves along with bitcoin in other words all altcoins do not depend on the crypocurrencies,also know the king and the mother coin bitcoin.

Each coins moves because of the possible reason.

1. Yes sometimes it depends on the bitcoin.
2. each altcoin is dependent that do not depend on bitcoin which the market for one specific altcoin is different.
3. Each altcoin has different movement and value so here comes the supply and demand to market of cryptocurrency(not just in the fiat).
4. Each Altcoin has different holders that they decide to hold it(HODL), sell, buy or do an everyday trade.
5. Some has a belief that this specific altoin can be no more so they withdraw they investment on the altcoin.

(This ideas are from the past article and threads that I read and some are ideas that I learned from school because really, if you study a little about the market flow in the real world you can apply it in cryptocurrency)

I know this is short but this would be helpful. Also for better understanding why each altcoin do not follow bitcoin something each person or company manipulates one specific altcoin.

[Yamifoud]

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

We cant feel it directly, it takes time for that and we all notice that our market is moving.  We've been only focus on btc price as the highlights of crypto market and we have neglect altcoins trend.  Truly isn't that huge impact into altcoins today but later on,  we all have noticed it.