When bitcoin prices rise up the market also will

[terrific]

Not at this time, bitcoin price shares a lot of dominance in the market.
The market has been opposite to bitcoin last time but now it looks like they are being parented again by bitcoin.
The whole crypto market has been down due to bitcoin being down again.

[Kate Beckett]

Such a correlation can be traced, but this is not a regularity. There are coins that are inversely proportional to the dynamics of Bitcoin. In addition, investors may prefer altcoins and invest in them, while the price of bitcoin will stand still.

[BTCbengi]

Yes, Bitcoin has the potential to affect the cryptocurrency market and it seems that if it's going to increase or fall, every other currency is affected and proportional to it. Bitcoin is like a quantum that allows other crypto coins to adjust prices so that they are reasonable at the time

[websoftwareengineer]

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?

The reason why the market price is pumping up every time bitcoins value is increasing is due to ethereum that is tether to bitcoins which affects the prices of all other cryptocurrency in the market.

[Streamlink]

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?

That is not true when bitcoin raise in $ alternative coins have two scenarios (decrease in bitcoin , bumped in $ ) .
So better to stick with the king only (bitcoin) only for awhile regardless to altcoins theory and technologies .

In that way, you need to study first which altcoins you want to invest. Very simple question, the main coin is bitcoin and that's the reason why it is called altcoins because it is an alternate coin of bitcoin so, therefore, they are based on bitcoin price they'd follow the price movement of bitcoin those coins that bitcoin base.

There are different options for different people. This also depends on the choice that people are carrying in their minds. Some want low profit but early and some are totally opposite. They don’t want to earn this little profit. Rather they intends to grab big opportunity and keeps on making defend tries for better earning through different sources. So either it is altcoin or bitcoin, good earning can be made.

[Boris_sahnevich]

Bitcoin is considered the father of all the crypto currency. Therefore, when the price of bitcoins rises, the entire market begins to grow. And vice versa. However, the market is not growing as fast as bitcoin itself.

[bitcoinrays]

That's because bitcoin is the parent or head of the digital currency, so if bitcoin goes down the auto altcoin will also come down, and other altcoin nothing can exceed the bitcoin price. Bitcoin is more interested than another altcoin, it does not mean altcoin has no demand, but more on bitcoin. Bitcoin is a coin whose enthusiasts are big.

We all know this thing that bitcoin is the oldest crypto coin and that it has been introduced in the market at time when there was no other crypto coin. In addition to this, it is also the top leading crypto coin since that time and that it has a major hold on the crypto market because of which the market value of different crypto coins gets affected somehow at time when the rate of bitcoin rises or falls down.

[peter_coin]

Bitcoin as we all know is the number 1 cryptocurrency by age  and market cap, so it's upward or downward movement can affect other cryptocurrency projects.

[aleksnutis]

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?

The dominance of bitcoin is 48 percent. Of course, other crypto currencies will move together bitcoin. Bitcoin movements recently show a complete correlation with other crypto currencies.

[DaughterOFbitcoin]

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?

this reason is quite correct. indeed many consider that bitcoin is the main coin in this world, and whereas crypto is under bitcoin so bitcoin as main reference.

And this is correct but to some extent. We all know performance and position of bitcoin. This coin has really made the world its loving game. These people are loving them for so many reasons. And now as everyone is just getting better results from this coin. We might be seeing this supreme thing over the course of some years coming ahead. Right now this statement is not right at all.

[tosmartak]

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?

It is not always the case. Like recently, bitcoin market picked up pretty fast and the altcoins started taking a huge hit immediately. However, it is always easy for the altcoins to go up if bitcoin is in an uptrend consolidating which gives them more room to try some bullish stunts. However, bitcoin market when in a huge uptrend or downtrend affects the altcoin market negatively.

[lungu113]

Bitcoin as we all know is the number 1 cryptocurrency by age  and market cap, so it's upward or downward movement can affect other cryptocurrency projects.

market will depends on bitcoin if the price will go up or down. This instance that we will know about bitcoin which they can manipulate the market price in the industry.

[MIZANUR5033]

This is so true. No one doubt in this things. See Bitcoin is the 1st coin of this cryptocurrency world or I should say the most successful and the most popular and powerful coin of this marketplace. Bitcoin achieves this position with lots of struggle. Nowadays all the cryptocurrency market place depends on that.
 So it's quite natural that the market will automatically raise when the price of Bitcoin to know more about this marketplace you need to do lots of study about this marketplace then you will clearly understand why these things happen. Otherwise will n Only asking this type of questions why this thing happening and all that. Try 1st to educate yourself as much as possible about this market.

[Finestream]

Bitcoin as we all know is the number 1 cryptocurrency by age  and market cap, so it's upward or downward movement can affect other cryptocurrency projects.

I believe so.Since bitcoin dominates all other cryptos,it is not new to us that altcoins are bound to move similar with bitcoins.So if bitcoin starts to move in an increasing,upward trend,then expect that after few days you will observe that altcoins too are increasing their prices too.It just proves how bitcoin has a very strong foundation despite all odds.

[Boh manok]

Most likely if bitcoin prices go up then altcoin prices exist. Prices of some other coins will also rise again as most of the coins always follow the bitcoin price changes, but there are also some altcoins that never follow the bitcoin price itself because they stand by themselves

[South Park]

It depends on the market demand, I think when investors want to come into this blockchain market, at that time, the market would have been boosted by this wave. on the other hand, due to the decrease in the investment in the Blockchain market then the market could face the price fall. so Investors are the main key for price ups and down.

I think the type of investor is going to be very important, people like us believe in the blockchain and its many applications so we invest not only in bitcoin but in altcoins that we think have potential, but an institutional investor is not going to think like that, they only care about profits and they will invest only in the best coins like bitcoin and maybe in coins like ETH and LTC.

[ePesoInitiative]

It's a liquidity thing. People tend to buy into the most liquid of all assets. For example, you have Mongolian tögrög and you want to exchange it to Brazilian real. You can't do it directly. What happens is you exchange it first to US dollars and then to real.

Top liquidity fiat: USD, EURO.

Top liquidity crypto: BTC, ETH

So the health of Bitcoin reflects the whole crypto ecosystem.

[PEDROMAP]

Only when its stabilising, because at the begining when you see bitcoin rise people tend to to sell all the others to buy btc

[Limar0]

I think not at all times. In the last few weeks, when there was a gradual increase of BTC price, bitcoin continue to increase slowly little by little while other crypto are down. But it only happens a few times, in general I guess it is true that when bitcoin price is up, the rest of the coins follows.

[lingwistiko]

Basically true because alternate cryptocurrencies are almost dependent on bitcoin's market value. We can also see that they have almost identical graph whenever bitcoin rises or falls like every price is tethered to bitcoin's. Once almost cryptos are on a price hike, a healthy cryptomarket is also expected.