When bitcoin prices rise up the market also will

[syaripudin]

The increase in bitcoin prices will trigger an increase in the price of other coins because bitcoin is the crypto currency with the highest value among other coins. so this will cause more and more investors to invest and do not rule out the possibility of investing with various other types of coins.

[wayne_kenoff]

I don't think there's any relation between bitcoin price and the market. I think its due to nature and its mostly happen with alt coins to. Whenever the price of bitcoin increase its effect on alt too

[maemunah]

chances are yes because from yesterday when the price of bitcoin rose the market also went up so did the opposite, bitcoin was a huge influence on the market

[voztata]

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 whenever Bitcoin is rising the market usually follow it up, but not every coin in the market, it’s mainly Ethereum, XRP, BCH and all other top coins. Why it is not all of them that follows up is because people usually run out from altcoins when Bitcoin is rising so that they can invest in BTC and make profit through the bubble. So this will make most altcoins to keep on dropping. Only altcoins that survive it are the top ones. Altcoins are best to go for when the market is stable.

[Bastillsoul]

because when bitcoin price increases, the market will also increase because almost of altcoins have a bitcoin exchange. that is what I think.

[malah]

I think the price of bitcoin does have a big influence on the market but not all coins have a price that depends on bitcoin and there are some coins that when the price of bitcoin falls, the coin will actually rise

[kumala_abi]

I think the price of bitcoin does have a big influence on the market but not all coins have a price that depends on bitcoin and there are some coins that when the price of bitcoin falls, the coin will actually rise

it is not fully true if bitcoin price down , altcoin would down too.its only about market confidence and psychology.people are sacred if bitcoin price down, so they sell their altcoin stocks.

[BennyK]

Bitcoin is the king of the crypto market. Any fall in its price apparently affects the entire crypto market. This is due to the numerous coins paired to Bitcoin on the exchange sites. Also, Bitcoin hold about 80% of the entire crypto investors. Panic selling of Bitcoin leads to these investors withdrawing their money from crypto, which affect the whole market.

[Angi]

That's right market now are using bitcoin as a main pay tool to buy, so definitely if bitcoin prices goes down other currency will down also if you wan't to take advantage to buy cheaper alternative coins just observe the bitcoin price it will give you profit when the time comes to rise.

[trollercoaster]

All the altcoins in the market are related to bitcoin, they are bitcoin's children. Children do what their father do. So when bitcoin prices rise up, the market also will.

[hungsanh2512]

When Bitcoin increases the market will also increase positively. Bitcoin is a positive influence in the crypto world. Because Bitcoin is the king of the cryptocurrency world, it is the standard that all other currencies are measured.

[Shiversnow]

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 if the price of bitcoin will rise up probably the market will also increase because they are connected to each other. We all know that the price of other coins are pair with bitcoin so that it is the reason why they are connected to each other.

[wow.magic]

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 its a yes when the bitcoin rises the market also rise because bitcoin is the number 1 crypto so that if the bitcoin arise the market also will arise. And also I think the big whales are manipulating the market so that may rise when the bitcoin arise.

[KrisAlex18]

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?

Bitcoin was the very first cryptocurrency that made the world surprised and amazed. All the achievements of the new or those next to bitcoin crypto was supported by bitcoin in many ways. Bitcoin became exclusive to the world which led for other people to know about other crypto as well sobwe should not be surprised anymore whenever crypto grows as bitcoin does first.

[Kusnechik]

This relationship can be traced quite clearly, on all timeframes and in almost all currencies, with small deviations in the charts.

[rimueng agam]

If I think this altcoin really refers to bitcoin because bitcoin is the parent of all altcoins if the price of bitcoin falls then it is predicted that the altcoin price will also fall again and vice versa

[Raven91]

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, on my idea, i think it is directly proportional to other cryptocurrency. because last year, the price of bitcoin is so high and the ICO is mostly successful and has high value also.

[policeoo]

When Bitcoin rises all the market will be better when he recovers, but all the other altcoins are going down when he's going up. I think the price of Bitcoin will rise in the next 3 years and it will be higher than ever before, higher than 40 000.

[demonz666]

bitcoin is like a dollar if there is a change then all will be affected. being the main currency in cryptocurrency and bitcoin is the first cryptocurrency. so it's not surprising that bitcoin's fluctuations affect the market. if bitcoin rises then the market will be green and if bitcoin dumps the market will also be red.
and I never thought bitcoin would be discarded bitcoin would still be there for several years I didn't know how long. but I'm sure bitcoin can last a long time.

[Larva14]

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?

All of the altcoins is based on ethereum and eth is tether to bitcoins, that is the reason why the entire market is being affected every time the price of bitcoins dropping.

Bitcoin is number one  among all ALT coin posted in the market, it is very popular and it attract a lot of investors in the market, base on the market stability, market structure, fundamentals, among other is the high level of confidence by the investors compared to other coin posted. Yet, it is not automatically take all the ALT coins price during the heavy volume of investment resulting to the increase on price value of Bitcoin. some are even drops their market value. Market is Volatile and this apply to everybody.

I agree that bitcoin is number one among all altcoin simply because it is the first and father of all cryptocurrency. The market and bitcoin are connected to each other because all altcoin and exchange are paired with bitcoin. I also agree that bitcoin is most attractive cryptocurrency that can attract a lot of investors.