When bitcoin prices rise up the market also will

[South Park]

Yes, it is quite right that Bitcoin acts as the controller of the crypto world. So with Bitcoin, the whole market is up and down. But it is very difficult to say when it will be better or the price of Bitcoin will increase. However, it is expected that soon the whole market situation will be good with bitcoin

Many people are predicting a fast recovery but I simply do not see it, there was enthusiasm some weeks ago when the price was growing fast but now things have changed once again and the price is going down, I really think that one of the reasons people eventually sell their coins for a bad price has to do with the fact they have too high expectations out of their investment in bitcoin, they think they are going to become millionaires in a few months and that is not going to happen.

[Eros1on]

Prices are close to a bottom and it is hard to keep falling. However, at present, the increase of BTC is not large enough to break the previous pressure level, so the price of counterfeit currency is still in a low state.

[nightways]

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 read one post online and the author was saying that we shouldn’t leave our money in altcoins when BTC market is in bull run because we are going to lose them, and we should also do the same when Bitcoin market is falling. He said that the only time we should leave our money in altcoins is only when Bitcoin is in normal growth. Only the big markets follows Bitcoin, just like ETH and XRP.

[ricardobs]

not necessarily. see in July bitcoin rises and other coins are still lagging below.
In this year the price of Crypto really cannot be predicted because it is very unstable. this is all the cause is that there are too many FUDs about crypto which scares all investors who want to invest again. if the investor is not interested with crypto may market will remain like this until the end of the year.

Yes that’s true, just what I was arguing with someone some hours ago, he was claiming that whenever the price of Bitcoin is rising that all altcoins must follow, and I was telling him that’s a lie, it’s only coins like Bitcoin and Ethereum that rises, most of other altcoins will always go down. I have seen several times and that’s the reason why I don’t invest much in altcoins cause Bitcoin seems to be better.

[patarfweefwee]

Well, I don't think so. Not all the crypto currency follow suit to thw movement of Bitcoin. I've seen a downward trend for bitcoin, but for other crytpo currency it was up. I think the top 10 crypto currency follow suit with Bitcoin simply because when people sell their bitcoin, they also have other coins that they would sell too.

[iv4n]

not necessarily. see in July bitcoin rises and other coins are still lagging below.
In this year the price of Crypto really cannot be predicted because it is very unstable. this is all the cause is that there are too many FUDs about crypto which scares all investors who want to invest again. if the investor is not interested with crypto may market will remain like this until the end of the year.

Yes that’s true, just what I was arguing with someone some hours ago, he was claiming that whenever the price of Bitcoin is rising that all altcoins must follow, and I was telling him that’s a lie, it’s only coins like Bitcoin and Ethereum that rises, most of other altcoins will always go down. I have seen several times and that’s the reason why I don’t invest much in altcoins cause Bitcoin seems to be better.

There isn't enough bitcoina for all of us, people are turning to other alts for years and that will not stop. Bitcoin will push entire market up, I already gave you first reason, second is that most of the prices are bitcoins, using bitcoins for buying will affect bitcoin price and alts price you buying. Bitcoin has high dominance on crypto market, last year we  witnessed how bitcoin lose dominance from more then 50% to 33% I believe, when bitcoin start to rise again market will follow, but that's long run, when price go back to 20 thousand dollars again and more, when we are about short runs most of the prices are independent.
It's hard to understand and explain crypto market in couple sentences. Observe market for years and make conclusions, mine is that bitcoin and alts are tightly connected, that was proven many times and it will be proven again in the future.

[ufaiz50]

as we see the exchange rates or altcoin prices mostly use bitcoin, so of course if bitcoin goes down a lot from traders would prefer to save their money in FIAT first or hold bitcoin instead of buying altcoin / trading, this causes a decrease in altcoin because there is no demand as crowded as the price of bitcoin rises. One of these things in the crypto market there are also those that have different conditions where the price of bitcoin falls but the coin does not go down even it can rise.

[chainedblocks]

We all know that the bitcoin is the leader of the board in the market cap and bit oi  is also the reference value of the token and other altcoins in the coin market , so if the bitcoin will rise ,the other altcoins value would also rise ,and when it fall almost all altcoin will aldo be falling.

There is no way that we can deny this fact that bitcoin has a major role in helping the entire crypto currency in gaining this much of the fame and popularity and that all other crypto coins greatly depends on bitcoin in so many ways. The rise in the market value of the bitcoin brings much positive impact and that this also results in the rise in the market value of other crypto coins.

[setialovers]

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?

As market leader on crypto market, bitcoin volume and price affecting on transaction in market. Bitcoin is symbol of cryptocurrency and when bitcoin price rising, investor confident on market and its affecting on altcoin price. Bitcoin dominate more than 47% in market value right now and its describe that investor more comfort to invest their money on bitcoin rather than altcoin

[shawn995]

This market is intensely affected by bitcoin for some reasons, the first is that bitcoin fundamentally made this market all of a sudden, second the market strength of bitcoin is as yet gigantic lastly if that was insufficient on the off chance that you need to purchase an altcoin you should first get bitcoin to do it, so these elements join together to deliver the impacts you find in the market.

[eelectrick]

I think a lot of us used to think that Bitcoin prices directly influences the market. When Bitcoin's value went down a lot of
altcoins also dipped down and when it got better, things started to look green. There may be times when it's the contrary,
lately prices of other altcoins are quite improving despite BTC prices declining and staying at certain price ranges.

[Tynovten_]

If you ever read in beginning the appearance of bitcoin this thing is not valid, where if bitcoin increase it's not impact to the altcoin price, just these past 2 years that thing happen where bitcoin is being prime and have big impact to altcoin. But these 2 weeks i see bitcoin is increase but is not following by another altcoin.

[DonFacundo]

Maybe it depends to the strategy of investors because when the bitcoin was booming I don't see altcoins growing they all are down instead, they think that they will get profit with bitcoin than holding their altcoins so that they recover their losses, maybe that is why the market still down.

[keninu]

Right what you say, I also see that. every Btc price rises, other coins also go up, and vice versa. when the Btc price goes down, other coins also go down. By looking at that, I judge that the price of Bitcoin has a huge effect on the price of other coins.

[Tamboran]

Nowadays, i see also Market react are depend BTC movement. Even though, Btc and Eth are both main trading pair to other alt, but Btc are the main of coins, every crypto news will impact to Bitcoin market first and affected to others alt.

[KorakPawon]

that means that bitcoin has a lot of influence on others or maybe bitcoin is the parent, so automatically when bitcoin changes, others change too

[Gila uang]

We all know that the bitcoin is the leader of the board in the market cap and bit oi  is also the reference value of the token and other altcoins in the coin market , so if the bitcoin will rise ,the other altcoins value would also rise ,and when it fall almost all altcoin will aldo be falling.

I think we must remember that not all investors invest in other coins on the market.
Because I think the Crypto Market is dominated by the movement of Bitcoin prices, it might increase other crypto coins, but it doesn't apply to all coins, some even dropped prices when Bitcoin appreciated the price posted on the market.

[Gadhoh]

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 would be different if all coins were pegged to let's say the dollar but everything is pegged to btc, all the alts can do is look if btc went up or down and adjust the price accordingly.

unfortunately this is not what you think, because the price of bitcoin is down and other coins are coming down, which if we look like following the price of bitcoin.

[DMCR lah]

bitcoin is a benchmark for investor interest in cryptocurrency, if the price of bitcoin rises it is likely that the altcoin price will also rise and vice versa.

[Jaydis]

Its because Bitcoin is the dominant above all other cryptocurrencies, and traders are almost only familiar with Bitcoin only.