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Author Topic: When bitcoin prices rise up the market also will  (Read 2331 times)
TiffanyYoung94
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August 15, 2018, 10:44:29 AM
 #241

Bitcoin prices are still falling and there is no sign of any increase. The cryptocurrency market is still volatile. I think the change in electronic technology affects all coin.
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August 15, 2018, 11:13:24 AM
 #242

I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
Yes because all we know that the all markets are base in bitcoin if bitcoin will rise then the market will rise up too but when the bitcoin down the market will down too.

but it needs to be corrected that the increase in altcoin prices is not directly following the rising trend of bitcoin, they will tend to decline very sharply when bitcoin really rallies the market, this is because the concentration of traders who choose to sell their altcoins is only for bitcoin.

An increase in altcoin occurs when bitcoin has entered a correction price and is correct if the assumption is associated with an increase because traders will return to the altcoins they like after gaining profit from btc.
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August 15, 2018, 12:11:21 PM
 #243

yes that is true, because almost all coins depend on the price of bitcoin, so if the price of bitcoin falls then the market will also go down because almost all coins will also go down, but if the price of bitcoin goes up then the market will become crowded because the price of other coins will also rise

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August 15, 2018, 02:28:24 PM
 #244

bitcoin has an influence on the market situation because bitcoin has become the king of all coins and all depends on the price of bitcoin, when the price of bitcoin rises, the market will also be better
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August 15, 2018, 02:33:06 PM
 #245

I have followed this market for quite a long time. And I see that whenever the BTC increases, it will pull the whole market up. But at 2018 I do not think so. BTC will increase in 2018, but ETH may not increase. The cause of ETH can not be increased due to fraudulent ICO projects.
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August 15, 2018, 03:46:43 PM
 #246

I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
Well when the bitcoin price will rise the market will rise to . because all the markets depends in bitcoin.

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August 15, 2018, 04:35:07 PM
 #247

I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
Hopefully it will be because my most funds are concentrated in alternative cryptocurrencies and not in Bitcoin so practically for me bitcoin Rise is not the thing that im waiting for. I'm waiting for rise of alternative crypto.

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August 15, 2018, 05:44:48 PM
 #248

On my opinion, the price of bitcoin rise means automatically the market also rise. Because bitcoin is the king of cryptocurrency. Always alts value depends upon the bitcoin. See today market is red both bitcoin and altcoins are again statred to decrease. The market is analysed by bitcoin price always, now the market again starts to decrease. Dont know when it will be back and starts to rise.
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August 15, 2018, 06:09:18 PM
 #249

It is because the altcoins are mainly traded with BTC pairs. This is why the altcoin price movement is proportional to the Bitcoin price.
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August 15, 2018, 07:07:30 PM
 #250

It is true that when the price of bitcoin rises, the prices in the trading market also rise, I have learned what is in bitcoin and there is a market that I learned, when the price of bitcoin rises, the market price in trading also rises.

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August 15, 2018, 07:23:01 PM
 #251

yes that is true, because almost all coins depend on the price of bitcoin, so if the price of bitcoin falls then the market will also go down because almost all coins will also go down, but if the price of bitcoin goes up then the market will become crowded because the price of other coins will also rise

Ethereum is tether to bitcoins and most of the altcoins that are newly released are based on ethereum so obviously every coin will be affected by the growth of bitcoins.

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August 15, 2018, 07:28:19 PM
 #252

I can say that too that they are proportional, as I observe now a days, once the price of bitcoin uprising the market also will, maybe because they are equal and the market also depends the rate or value of bitcoin that is why it is both flactuated and also flexible.
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August 15, 2018, 08:03:34 PM
 #253

Actually, I think there are a number of systematic reasons behind it. And these reasons can not be easily selected and done. But for this we should be more aware of the market. And do not take action to earning without enough knowledge. That Will be the wise work Cheesy.
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August 16, 2018, 07:10:05 AM
 #254

I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
what do you mean the market??  I guess it is similar in the physical world market, about the demand,supply and price. But I don't think that if the price of bitcoin drops the altcoin will also drop. I think bitcoin and altcoin is inversely proportion by their price, demand and supply. 
Bitcoin is manipulating the whole digital market and to be very honest, since the first moment I have been dealing with digital coins, bitcoin has ruled digital market and if it is moving upwards, so does the market and if it is falling down, so does the whole market. This is the reason why bitcoin is said to be the king of crypto currency world. This dip will be over soon.
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August 18, 2018, 09:07:43 AM
 #255

I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
Yes because all we know that the all markets are base in bitcoin if bitcoin will rise then the market will rise up too but when the bitcoin down the market will down too.

Man, as I see, it happens all the time. When Bitcoin is going up, the market is doing the same thing. When BTC is losing its price, the tokens and falling down.
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August 18, 2018, 10:27:07 AM
 #256

at this time I often see when the price of bitcoin goes up, the altcoin will experience a decline, but when the bitcoin starts to stabilize, the altcoin will move up to correct the value.

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August 18, 2018, 10:42:24 AM
 #257

Yeah it does seem that in reality was like that, anyhow we know that bitcoin is the king of crypto coins that has succeeded in becoming more desirable on its benefits etc. Moreover, bitcoin is still used as a crypto exchange platform like Altcoins, this is indeed prioritized so that it continues to lead the pace of price movements in the market. The interest of many people still influences it and remains as a driver of other coin prices.

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August 18, 2018, 10:52:29 AM
 #258

Yes, that is what we often see in the past, this market is resonant with each other, when the BTC fell, the whole market fell and when the BTC increased, the whole market increased. That is why we believe in BTC as the king of the altcoin

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August 18, 2018, 11:08:32 AM
 #259

Yes, that is what we often see in the past, this market is resonant with each other, when the BTC fell, the whole market fell and when the BTC increased, the whole market increased. That is why we believe in BTC as the king of the altcoin

bitcoin moves the same as what happens to USD on the forex market, there is always number one to know the overall price of each coin, this benchmark goes straight with the volume they have, but there is one thing where bitcoin is a differentiator because they don't attack the development projection every altcoin and only consider price fluctuations on the majority scale.

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August 18, 2018, 02:00:45 PM
 #260

I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?


When many people see that bitcoin is rising they tend to sell a lot of there stakes in altcoins to get in on the rise of bitcoin. They make a short profit on the bitcoin rise and then buy back there altcoins at a discounted rate as there prices diminished because of the btc price pump. Simple way to increase your stakes in altcoins whilst gaining a little profit in bitcoin.

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