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SirLancelot
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September 19, 2018, 11:47:18 AM |
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I think, bitcoin has a big influence on the market, so if the price of bitcoin rises, there are many other crypto that prices rise too, because many crypto have prices based on the price of bitcoin
One thing is well known to all of us that Bitcoin is the base currency and we know that other crypto coins have same nature as of Bitcoin so this spread the same perception. When the Bitcoin price falls then people think the same about other crypto coins that is why it has affect on other crypto coins as well, when it increases in price other coins also start to increase in value. |
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kripkiki12
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Activity: 162
Merit: 10
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September 19, 2018, 01:26:38 PM |
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Bitcoin is still a major factor in terms of prices. I think it definitely has to be on the rise once again in order to exit the bearish market. Altcoins will follow too in my view.
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Temujhin
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September 19, 2018, 07:13:21 PM |
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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 I see that bitcoin is the main coin that many investors invest in, and maybe when the price of bitcoin is in decline, the other crypto will have an impact or the impact on the decline too |
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Xardasim
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September 19, 2018, 07:33:45 PM |
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I think, bitcoin has a big influence on the market, so if the price of bitcoin rises, there are many other crypto that prices rise too, because many crypto have prices based on the price of bitcoin
One thing is well known to all of us that Bitcoin is the base currency and we know that other crypto coins have same nature as of Bitcoin so this spread the same perception. When the Bitcoin price falls then people think the same about other crypto coins that is why it has affect on other crypto coins as well, when it increases in price other coins also start to increase in value. Bitcoin's dominance is over 50% in market. It's mean all altcoins are based on Bitcoin. And, surely, the decreasing of the price of Bitcoin causes people to panic and all prices move down. |
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Rooster101
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September 19, 2018, 09:55:35 PM |
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When the bitcoin price rise or fall, the altcoins mostly follow the trend. Bitcoin, as we all know, is the first cryptocurrency to exist and it followed by altcoins later so all crypto exchanges used the top coin as a reserve currency. Being the first one in existence, it is naturally the most recognized coin, with highest market cap, and one of the highest daily volumes. This made it the first choice to become the reserve currency as more and more altcoins entered the market. All altcoins exchange rates are being priced against Bitcoin.
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jcarlo
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Merit: 10
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September 20, 2018, 12:23:46 AM |
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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?
Its happen because bitcoin still biggest market cap value in cryptocurrency market. Bitcoin still main cryptocurrency in market and most pairs using bitcoin as main pairs. Most altcoin using bitcoin as their benchmark price |
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princeyeboah
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September 20, 2018, 12:30:20 AM |
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Definitely, Bitcoin seems to be the powering fuel of the entire crypto market. Any slight boost in the price of Bitcoin affects all the other coins. This is because most of the coins are paired to Bitcoin. Secondly, Bitcoin has the largest support from crypto investors.
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MMysterious
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Merit: 255
Bear season or just the beginning
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September 20, 2018, 01:12:13 AM |
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When bitcoin price skyrocket we all know that altcoin soon will follow. Bitcoin is the major responsible of the behavior of crypto market because we all know that bitcoin is the crypto king and the pioneer of blockchain technology. Bitcoin is the one that government and banks want to control and manipulate so that people will not believe in it. But bitcoin cannot be contain soon people will realize the capability that bitcoin will bring to society and to our financial system. Bitcoin soon will rise up once again  Believe me or else you will regret it later on. hehehe |
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Mlowo
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www.daxico.com
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September 20, 2018, 01:22:10 AM |
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it can indeed be predicted if when the price of bitcoin rises the market will also go up, if the price of bitcoin goes up then all the coins in the trade market will definitely go up, all depends on the bitcoin coin
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kramat
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September 20, 2018, 02:19:10 AM |
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when the price of bitcoin falls then for other altcoins it will experience a price decrease because it is bitcoin which still controls the price in cryptocurrency and all altcoins must have exchanges in btc
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Sir Legend
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September 20, 2018, 02:39:56 AM |
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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?
no one knows when the market will improve, the thing that makes it difficult at this time is the number of scam projects, almost every day we always hear people affected by scams and they complain in various media so that the haters are used to campaign negative about crypto. |
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mejalipat
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September 20, 2018, 04:42:39 AM |
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when the price of bitcoin goes up, the market will also rise and almost all coins will also have a high price because many coins have prices based on bitcoin prices so that bitcoin will be very influential on the market
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nyerok
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Activity: 279
Merit: 12
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September 20, 2018, 05:39:19 AM |
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I think as soon as possible because now the price is slowly going up again. when the price of bitcoin goes up, the market will also rise and almost all coins will also have a high price because many coins have prices based on bitcoin prices
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dr_chen
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September 20, 2018, 06:22:12 AM |
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When we look at the market share of the Bitcoin crypto market, the situation is look clearly. Bitcoin has a market share that affects the entire market. All depend on the bitcoin price.
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MMS2017
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September 20, 2018, 07:00:34 AM |
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Bitcoin price in the last year and it is challenged by many other coins and other commodities like gold and silver but as soon as the the community accept bitcoin and use it for payments then the price of bitcoin will rise and it will show a rise in the market because of demand rise the market simultaneously rise and it is the fact that crypto market rise after a fall.
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yulionoo
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CryptoTalk.Org - Get Paid for every Post!
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September 20, 2018, 07:28:11 AM |
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indeed most crypto follow the bitcoin market movement. as if bitcoin is the benchmark for other coins. but in my opinion, not all coins follow the movement of bitcoin. there are still a few other coins that don't follow the bitcoin movement. that is, when the price of bitcoin rises, not all other coins go up too. I myself observed for coin ico, sometimes the movement of ico coins is inversely proportional to bitcoin. so in my opinion, not all crypto follow the bitcoin market movement.
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yansen
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September 20, 2018, 11:46:29 AM |
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yes guys, because bitcoin is the king of crypto currency. so that altcoins follow every bitcoin price pattern. because the panic of altcoin holders is greater than bitcoin holders. so when bitcoin pumps or dumps, the altcoin will pump or dump more.
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umar22pk
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September 20, 2018, 12:37:10 PM |
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Yes you are right… alt coins price depends on bitcoin price, the reason is some coins have been traded in BTC or ETH. When BTC goes up then automatically that coins also went to green which traded in BTC.
Some coins traded in us dollars that go high when BTC goes down, so we can say alt coins depends on BTC rise & fall, sometime positively & some time negatively.
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Dr.Osh
Legendary
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Sugars.zone | DatingFi - Earn for Posting
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September 20, 2018, 12:41:53 PM |
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Yes you are right… alt coins price depends on bitcoin price, the reason is some coins have been traded in BTC or ETH. When BTC goes up then automatically that coins also went to green which traded in BTC.
Some coins traded in us dollars that go high when BTC goes down, so we can say alt coins depends on BTC rise & fall, sometime positively & some time negatively.
most likely it will happen. markets sometimes follow bitcoin price movements. when the price of bitcoin rises, then some other coins will definitely experience price changes, and most certainly the price will rise. |
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hastag_80
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The New Pharma-Centric Marketplace
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September 20, 2018, 12:51:26 PM |
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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?
I thinks we have disame opinion about this situation in crypto market world,thats the price value of bitcoin are directly proportional to the block chain market,so therefore its a vice versa movement thats whatever happen to the bitcoin price value,disame happen also to all crypto coins in the exchange market,otherwise there are some scenario that some altcoins are going up,because the product of this crypto coins are marketable and demand to the people. |
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