Does bitcoin control the market?

[Rainbow009]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

[fipper]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

for now it is possible that bitcoin is controlling the development of the crypto market because in my opinion bitcoin is a pioneer of crypto currency and of course bitcoin can be said to be a guide to the development of other cryptocurrencies

[seoincorporation]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

Bitcoin doesn't control markets, but... altcoins price are based on bitcoin, that's why bitcoin doesn't control them but it have some influence in them, let me explain. If one bitcoin cost $10,000 and the alts price are based on btc, then if bitcoin lose a percent of his price (lets suppose it goes down to $9k) all the alts loses his 10%, they will cost the same amount of bitcoin, but since btc goes down, when we make the conversion from the alt price to usd we will see that -10% on the cash price.

[bellamente]

No coin affects the crypto currency market, except bitcoin.

This is the main coin, which can either send the market up or down.

It is necessary to increase the community of investors in bitcoin, which would remove the manipulation of the market

[stiffbud]

No coin affects the crypto currency market, except bitcoin.

This is the main coin, which can either send the market up or down.

It is necessary to increase the community of investors in bitcoin, which would remove the manipulation of the market

Every cryptocurrency affects the market according to their population in market. In all cryptocurrency bitcoin affects the market mostly. Its volatile nature is the main reason behind this. Bitcoin market price is high and it also accepted by many country. When one government ban bitcoin trading, investing, marketing in their country then the negative effect show in its price. Like bitcoin other cryptocurrency like Ethereum, Ripple litecoin etc also influences economy market.

[khufuking]

We can't really say that Bitcoin controls the market but it has a huge impact on it, not only because it is the main currency for most Altcoins but also because  it is the ground and the backbone of the whole cryptocurrency world, any news that effect Bitcoin whether it is good or bad it will affect other coins, and that is totally normal because simply we are talking about the dominant currency here with almost 50% market cap.

[pawanjain]

We can't expect things to be the same all the time and hence this answers your question that Altcoins' price are not fully dependent on Bitcoin's price.
Sometimes the prices goes independently of each other and sometimes they don't. Most of the time people say that it is dependent on Bitcoin's price just because of the fact that the chart shows the price in bitcoin's pairs and since bitcoin's price goes up/down the price of altcoin also goes up/down respectively when seen in dollars.

[lilyaacebedo]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

Bitcoin doesn't control markets, but... altcoins price are based on bitcoin, that's why bitcoin doesn't control them but it have some influence in them, let me explain. If one bitcoin cost $10,000 and the alts price are based on btc, then if bitcoin lose a percent of his price (lets suppose it goes down to $9k) all the alts loses his 10%, they will cost the same amount of bitcoin, but since btc goes down, when we make the conversion from the alt price to usd we will see that -10% on the cash price.

This is the best explanation. I think the best term is not control but "affect". Btc may affect the whole market because all cryptos are based on btc price. And in the other hand, fiat like US Dollar also affect the price of btc, in some way, since btc is commonly based on us dollar.

[Gozie51]

Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

I think the movement of bitcoin determines what happens in the market and altcoins. This could be as a result of the general use of blockchain.

Moreover, I have hardly seen the pump being sustained after like one/two weeks without crashing back when bitcoin is dropping too.

[jpnl0005]

every coin in the cryptocurrency world is somehow tied to the bitcoin as it has the final reference value of every coin or token and that includes the ethereum option. directly or indirectly, the bitcoin completely controls the market from its own domain because you must change or exchange your tokens to either ethereum or finally bitcoin.

[onrise]

every coin in the cryptocurrency world is somehow tied to the bitcoin as it has the final reference value of every coin or token and that includes the ethereum option. directly or indirectly, the bitcoin completely controls the market from its own domain because you must change or exchange your tokens to either ethereum or finally bitcoin.

BTC is the king of the market rest of the altcoins today exists due to bitcoin. So if btc rises then other coin starts to rise and vice versa. So you will know the more or less it is btc that controls the market and based on the price movement other coins price rise or fall.

[Juggy777]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

The statement that bitcoins controls alts and the market is partially true, as the entire focus has always been on bitcoins people assume this. If you have observed bitcoins and Alts prices work together, but not at the same pace as after every pump and dump bitcoins recovers fast but not alts. This very price movements suggest there're other factors involved in alts prices, bitcoins may be one of them but not entirely the main one.

[Ronaldcoin2017]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

The statement that bitcoins controls alts and the market is partially true, as the entire focus has always been on bitcoins people assume this. If you have observed bitcoins and Alts prices work together, but not at the same pace as after every pump and dump bitcoins recovers fast but not alts. This very price movements suggest there're other factors involved in alts prices, bitcoins may be one of them but not entirely the main one.

Yes i agree on that and we are ecperiencing thus dip from the past. We can all see that if bitcoin fall or maybe drop down all coins inside the crypto market will also fall down, so I think coins that is on crypto market really depend on the bitcoin price. I think it is all because the bitcoin is commonly use to purchase coin and token and if the bitcoin price down there will maybe a few investors that invest on crypto market because of bitcoin price is not that big to get other coin.

[BestSSS]

In most cases, no matter how you say, but the price of altcoin moves for bitcoin! In 95% of cases, all tokens with a sharp drop in bitcoin also fly into the abyss at a rate exceeding the rate of bitcoin.
There is no mirror movement before but this does not mean that all tokens are traded at their rate. Basically, all of them on most exchanges are traded to bitcoin and Ethereum, so the dependence is visible even to the blind.

Dumps and pampas I in this case do not consider because it is a certain event that is played by one or more tokens of the same sector. So whatever you think - but Bitcoin controls everything! He's been on the market for 10 years and everyone else is after him.

[harsh011011]

Yes, in my case bitcoin control the market. As u see when bitcoin fall down, all altcoins follow the same as bitcoin. When it rise all coins rises up. Bitcoin makes a big impact in cryptocurrency as it is mother currency of all altcoins.mostly coins trades in bitcoin pairs.. 

[BALIK]

Bitcoin doesn't control anything, it is not an organization or corporation. The market tends to ride on the waves that Bitcoin creates simply because it is the largest cryptocurrency by market cap. When you see changes in Bitcoin, it is automatic to assume similar trends will happen to altcoins as they're all part of the same broader market, hence when Bitcoin goes down, it inadvertently leads to altcoins dropping too due to speculation.

[ci1990]

Well I wouldn't say BTC "controls" the market.

BTC is the king of cryptocurrencies and it's not going anywhere soon.

[squatter]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

Obviously, no coin has a 100% correlation to BTC. That would be too easy for traders to exploit, as all altcoin markets are less liquid and more volatile than BTC. They all move independently sometimes.

A lot seems to ride on the underlying longer term trend of BTC. When Bitcoin is in a bull market like last year, altcoins alternate between positive and negative correlation with BTC. But in a crash -- and this is the important takeaway -- altcoins will fall with BTC, and they'll fall harder. Exceptions exist but they're very rare.

[sunsilk]

You only see the market moved that way but you haven't see that sometimes it is going oppositely. The time you see the scene of bitcoin pumps > alt dumps usually what happens.

But there are times that you can see it like this way.

Bitcoin pumps > alt pumps, vice versa and so on while it is randomly changing without any reason on why it happens. Probably affected by news depending on the coin that has good and bad news.

[Wassu_Maddy]

No coin affects the crypto currency market, except bitcoin.

This is the main coin, which can either send the market up or down.

It is necessary to increase the community of investors in bitcoin, which would remove the manipulation of the market

Every cryptocurrency affects the market according to their population in market. In all cryptocurrency bitcoin affects the market mostly. Its volatile nature is the main reason behind this. Bitcoin market price is high and it also accepted by many country. When one government ban bitcoin trading, investing, marketing in their country then the negative effect show in its price. Like bitcoin other cryptocurrency like Ethereum, Ripple litecoin etc also influences economy market.

No control!!! Based on craze on coin!!!!Market goes up!!! Real feature to be added to utilize the coin fully!!!Then might be a chance to hold the market