When bitcoin prices rise up the market also will

[adpinbr]

It does, it's like a chain effect, but I don't think that when BTC rises, so as the other coins too, in what I have seen, there are still cryptos that are down while BTC is going up, maybe people got used to the feeling that when BTC is rising, so as the market too.

[Yurkov]

It does, it's like a chain effect, but I don't think that when BTC rises, so as the other coins too, in what I have seen, there are still cryptos that are down while BTC is going up, maybe people got used to the feeling that when BTC is rising, so as the market too.

For me real rise will take place in next year, in 2018 we must be patient and treat this situation like a test of our characters, 2019 will bring for us more possitive news and coins will go to the moon, i am looking forward 2019.

[barabarian1]

indeed most altcoins follow the bitcoin trend. but in my opinion not all altcoins are directly proportional to the movement of bitcoin. if we observe a new coin from an ico, you will see some ico coins which are inversely proportional to bitcoin. that is, when the price of bitcoin falls, there are still a few coins that go up. I think that influencing the rise and fall of prices is not only due to bitcoin, but because of the coin trading volume itself. demand and coin supply activities themselves also influence it. so I don't agree with the statement you say.

[esetop01tryba]

In this market, everything is decided by bitcoin as it is thoroughly cryptocurrency and the market depends on it ! He chooses a trend in the market and leads the whole industry !

[Stolivie]

when bitcoin increases rapidly, the market will also increase because almost all alt coins have a bitcoin exchange.
so if the bitcoin price is high then the alt coin will also adjust bitcoin.
so obviously what we need is only increasing bitcoin then all alt coins will also increase as well.

bitcoin as main cryptocurrency could be main psychology and trust indicator for other altcoin.so if bitcoin demand or price was recovered it will followed by altcoin.their are confidence with this condition.

Yeah it is natural when the price of bitcoin rise the market will go up also because people will take interest in bitcoin and Altcoin and thus the investment cap will also increase. It is also the attitude of business when the demand raises the price will also rise and when price rises the market cap will also rise. All these depend on each other.

[owlman]

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?

Undoubtedly there are exceptions and the price of some coins can grow and decrease regardless of the price of bitcoin, but in general - the prices of altcoins and the situation in the market depends on the price of bitcoin. The market is changing and the situation with this dependence can also change.

[Kira_lapa]

Yes, altcoins are associated with bitcoin and partially dependent on it. But with the growth of capitalization of any coin, the dependence on bitcoin becomes less or altcoin becomes absolutely independent. There remains only the dependence during the auction in tandem with bitcoin.

[Koobtcgal]

The reason is simply because when bitcoin goes high, people are hopeful that crypto is going to stand now and so they put in more money. So that's what goes on. When the market falls, people find ways to stop making losses so they change their money into fiat and vice versa.

[Helpme_please]

The reason is simply because when bitcoin goes high, people are hopeful that crypto is going to stand now and so they put in more money. So that's what goes on. When the market falls, people find ways to stop making losses so they change their money into fiat and vice versa.

more precisely said bitcoin has own interest to make investor believe in cryptocurrency market.so when it down , investor scared with this condition and finally selling their token.it has strong correlation between bitcoin and altcoin.

[MAJICOIN]

i hope that just like last year bitcoin will rise in the last months of this year and this will because the price not goes up in the few months and many new projects will be started for bitcoin and it will be use as alternative to fiat for various transactions and in these days bitcoin price is showing a slow pace in the present day and if a bad news not to hear in future bitcoin will hit $25000 soon. Bitcoin is currency and asset to so we can keep it for a very long time.

[Carreuh]

In my opinion, both are related because bitcoin is the predecessor of all altcoins that are available in some markets today but not all altcoins refer to changes in altcoin prices because there are several things that cause them not to walk on the same road

[Ourplealis]

Bitcoin is the beginning of the cryptocurrency era, which is why bitcoin has a great influence on the crypto-market.

It is also a fact that bitcoin is the pioneer of cryptocurrency and till date holds the top position in the crypto market. Altcoin fluctuates with the price of bitcoin. When the price of bitcoin rises the prices of all other cryptocurrencies also rise and when bitcoin falls, Altcoin also down. It means that Altcoin is deeply influenced by bitcoin.

[jonatuzc]

bitcoin prices can come back again and market conditions can return to normal and the movement can be good again when bitcoin already has a very high demand so it can make the price of bitcoin and market conditions recover.

Ofcourse, the market rate if increases users will also sell their coins for the moment they were waiting from a long time. Finally the wait will be over if this happens however we have increase in the market value and those people who have bought coins few days ago are in profit.

They are in profit and can sell if they want this much profit but productive people will not proceed to sell right now as they will wait for higher value in order to get huge profit.

[prtty2gal2]

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

This is just because of the dominance of Bitcoin over the market due to its big share. This is called the size of the market Rest of the coins like ETH and ripple have little contribution and flow with the tide Bitcoin initiates. As of August 7, 2018, and according to CNBC, Bitcoin share was recorded as 47.6 percent which rose from 46% in July of the same year. This means that there is a big demand for Bitcoin and it has what it takes to influence the market.

[BlueStackz]

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.

Selling process will take place only if users see the price going high after noticing increase in price ofcourse they will sell for profit. They are waiting from a long time and finally the wait will over if the price start increase trend. As we know that it is known by long term word so we should do the same to hold all our coins till high market where exactly we will sell for profit if the price increases according to desire of people.

[baienpee]

Yes, Bitcoin can affect the entire cryptocurrency, and Bitcoin is the best coin he has created in cryptocurrency. Bitcoin drops all coins and will drop.

[Renampun]

yes based on what I see, it's true, that when the price of Bitcoin rises, the market follows. but there are also many coins that I think are very independent (not influenced by the price of Bitcoin) including NEO, ETHEREUM, USDT, and MAKER.

[hannahboy]

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.

Market rises with the price of bitcoin because bitcoin is the pioneer and the leading crypto in the world. All other currencies will take long time to grow up and give huge profits to its investors. Bitcoin is one that can give you huge profits in short time. As bitcoin is the leading crypto in the market therefore with the rise of bitcoin the whole market go up.

[adolf512]

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?

True, bitcoin is an indicator of the cryptocurrency market, and the prices of altcoin depend on the price of Bitcoin. Of course, there may also be an exception, and the price of some altcoins may rise regardless of the price of bitcoin, but the general trend follows bitcoin.

[Tervelatuk]

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?

True, bitcoin is an indicator of the cryptocurrency market, and the prices of altcoin depend on the price of Bitcoin. Of course, there may also be an exception, and the price of some altcoins may rise regardless of the price of bitcoin, but the general trend follows bitcoin.

as main cryptocurrency in market, bitcoin take important roles in altcoin price.investor psychology depend on bitcoin price.if its price rise and stable, investors become confidence buying altcoin.and it will make altcoin price rise alot.