When bitcoin prices rise up the market also will

[babysweetTiger0401]

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?

Regarding with your statement, it is actually happened yearly mate. Bitcoin's raid affects most altcoins that have fallen in price but others have droppeds only a small percentage, and then some other coins are also increasing with their token price increases. Then, when Bitcon drops most of the alts increases then the other atls drop in value of their token.

[RokokGudangGaram]

certainly because from the past until now the market depends on the price of bitcoin, because if bitcoin goes up the market will certainly go up and vice versa

[Irviyandi]

In my opinion, if the price of bitcoin rises again, the price of the altcoin will also rise again, maybe this is because the price of altcoin is also racing on the price of bitcoin because bitcoin is the parent of altcoin

[gabmen]

In my opinion, if the price of bitcoin rises again, the price of the altcoin will also rise again, maybe this is because the price of altcoin is also racing on the price of bitcoin because bitcoin is the parent of altcoin

Obviously. Anyone who has spent time in this market would not have a hard time observing that the market more often than not, moves with btc. Evidence that bitcoin is heavily dominant in crypto market.

[zubrr51]

If you look at the altcoin candle charts, they completely repeat the Bitcoin chart, which proves their direct dependence on it.

[wasaisi]

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's good news if the price of crypto currency in the market will rise dramatically. Because I also support that. Still holding the coin that I hold patiently until the market price will be very high in the end.

[yoseph]

If you look at the altcoin candle charts, they completely repeat the Bitcoin chart, which proves their direct dependence on it.

It's all because ofor Bitcoins status as the leading and foremost cryptocurrency in the entire world. Other cryptos should see that and start supporting Bitcoin rather than chastising it like most people who are supporting BCH.

[goodluck0319]

this growth is always dictated by the General simple mood of investors, because bitcoin is still important, although many say that bitcoin will soon move from the first place

[kuncimobil]

bitcoin has a large influence on other coins so that it will affect market conditions as well so that when the price of bitcoin rises, almost all coins will also rise and the market will become green

[sonypower]

Bitcoin is main trading pairs in almost all exchanges and is major dominated crypto in the market. That is why whenever the price of bitcoin shows some fluctuations all other altcoins too shows some fluctuations. Bitcoin dominates market by 40% to 45% of market capitalization so it's obvious whenever the price of BTC goes up the total value of market capital will increase.

 The crypto market is dominated by Bitcoin price movement, it may rise up the other crypto coins, but is not applicable to all coins, some are even drops its price when Bitcoin appreciates its price posted on the market. We have to remember that not all investors are Investing in other coins in the market.

It would be great if all the crypto coins goes up whenever bitcon does so that people who invests in these coins doesn't get upset and think that they were wrong about investing in one.

[Sirait]

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?

actually not really, if what we make as a benchmark is only Bitcoin then we will find it. in the real world, Bitcoin is like the US Dollar where the Dollar is a benchmark for currency values throughout the world. indeed some prices of cryptocurrencies are influenced by the price of Bitcoin, but some are not, for example like Ethereum whose prices are not affected by the price of Bitcoin, this is my opinion.

[Moblie_Legend]

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?

actually not really, if what we make as a benchmark is only Bitcoin then we will find it. in the real world, Bitcoin is like the US Dollar where the Dollar is a benchmark for currency values throughout the world. indeed some prices of cryptocurrencies are influenced by the price of Bitcoin, but some are not, for example like Ethereum whose prices are not affected by the price of Bitcoin, this is my opinion.

to my knowledge as a beginner, it all depends on bitcoin. bitcoin is very influential on other markets and coin coins. like bitcoin is the highest money as in the real world is the dollar. as you say when the dollar goes up all currencies also go up, and when it's down, the others also go down

[Zoestewart]

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 think so. As the data of recent months, as the price of bitcoin increases, the volume of altcoins also increases. Because bitcoin is the trend of the market.

[jabrix]

bitcoin has a large influence on other coins so that it will affect market conditions as well so that when the price of bitcoin rises, almost all coins will also rise and the market will become green

it won't be that fast to follow the btc price movements, they will collect to get even more until bitcoin is repaired. This is because it is influenced by moving concentration because many sell their coins just to buy bitcoin in panic.

There is a binding process and if the increase in bitcoin is only temporary and eventually falls again, then the altcoin will fall deeper, the significant green color is only a sweetener because the actual nominal does not move up, they only move small on the actual price is never the same as the price before btc go up.

[quality.crypto]

You have to closely watch the market whenever the price of Bitcoin is increasing automatically the price of altcoin is kept increasing. Now at the current situation Bitcoin is the major currency where all altcoin prices will depend.

[nguli]

it looks like bitcoin prices can rise again and the market can recover prices when cryptocurrency conditions have good news that can trigger investors to buy bitcoin.

[chenhaonan]

This is indeed the case in the market. In the future, there may be coins that can be separated from Bitcoin. Bitcoin creates the entire cryptocurrency, which is the gold in the cryptocurrency. Only if its price rises, other coins will rise. At least for now.

[Assface16678]

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 guess it really is. The two has the relationship. If we use statistics with this, as per the past few years we can say that the bitcoin and the other coins or the altcoins are directly proportional to each other. With indicates the scenario above. It is because bit oin is considered as the king of the center and if it rises the others will.

[Lorna111]

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 .

  Its not always like that in the market, Bitcoin price Value may goes up and  some ALT coin price value goes down. Market is very Volatile, it is unpredictable, anything can happen in the market.No one knows what to become of each Coin in the market. The volume of investment put in by the investors are the determining factors on the specific Crypto or ALT coin in the market.

[Android4Life]

Both seem like brothers and sister. I also observe the same thing. When the bitcon goes down market also fall so both can be effected if one of them goes down or increase. Both are deepened on each other