|
xabre
|
 |
September 18, 2018, 03:52:35 AM |
|
Yes bitcoin have more power full control of the market, look how altcoin and market growing fast after bitcoin is growing up, but when bitcoin have drop and lower price many altcoin allow the same price with bitcoin and lower price.
|
|
|
|
|
twa
Full Member
 Offline
Activity: 320
Merit: 100
BitSong is a decentralized music streaming platfor
|
|
September 18, 2018, 04:02:15 AM |
|
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.
I think bitcoin is a pioneer of crypto currencies and maybe bitcoin regulates the market today and is very influential on other coins for now but for the future no one can know for sure |
|
|
|
surfer43
Sr. Member
Offline
Activity: 560
Merit: 250
"Trading Platform of The Future!"
|
|
September 18, 2018, 04:05:41 AM |
|
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.
I dont think that bitcoins control the markets but instead the markets control bitcoins sometimes. Markets are really much huge and also there are a lot of pheneomenons which affect the markets. Several FUDs and news too affects bitcoins and the markets easily. |
|
|
|
|
Ridersss
Newbie
Offline
Activity: 64
Merit: 0
|
|
September 18, 2018, 04:22:30 AM |
|
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.
I think the various types of cryptocurrency currently available are the same as various currencies currently in circulation. various kinds and different values. it could be that people think bitcoin affects the market, like the USD which is very influential on this world. so how does someone's point of view look at that. |
|
|
|
|
|
darthmaul
|
|
September 18, 2018, 05:05:40 AM |
|
There is some sort of indirect relation between the bitcoin and altcoins. I am saying indirect because its been only when there is movement of the bitcoin upwards then altcoins are traded on larger volume for buying more bitcoin. The end result is very very simple here, bitcoin gets pumped more and altcoins ultimately starts dropping. This way we think that bitcoin movement is actually controlling the rest of the market. But this is nothing but the act of buying and selling which happens hand in hand with the two currencies and they affect each other. Thats what I get it from the current scenario.
|
|
|
|
|
hdtqisg
|
|
September 18, 2018, 05:08:31 AM |
|
Bitcoin does not control the Market, Bitcoin is the only unit that compares the value of the altcoin and token! When Bitcoin prices change, the price of altcoin in bulk changes. Big investors affect Bitcoin and altcoin!
|
|
|
|
|
|
Thecryptocurrency09
|
|
September 18, 2018, 05:17:25 AM |
|
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.
It is not really the bitcoin that affects the market. Maybe it could somehow be the factor but not really and not directly. What I am sure of is that the investors are the one who does contribute a large factor in the market. |
|
|
|
|
|
enjotan
|
|
September 18, 2018, 05:17:39 AM |
|
I think bitcoin is controlling the market, because bitcoin is the king of crypto and the benchmark for all altcoin prices, the value of bitcoin has a big influence on other coins, when the price of bitcoin falls, the price of another coin decreases.
|
|
|
|
|
jose111
Jr. Member
Offline
Activity: 175
Merit: 1
|
|
September 18, 2018, 05:25:16 AM |
|
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.
Actually the movements in the cryptomarket are not only based or depends on bitcoin fluctuations and movements because not only bitcoin are there in the market there are a lot of different coins and tokens that we've founded there. Maybe there are some beliefs that btc are manipulating the movements in the market it maybe because it's because this coins are considered the main cypto in the market that as a big influence and impact rather than the other cypto but it's doesn't means that really bitcoin are manipulating the market because for sure the cryptomarket has it's own system that manages it's own movements. |
|
|
|
|
Gaetana143
Newbie
Offline
Activity: 2
Merit: 0
|
|
September 18, 2018, 05:44:41 AM |
|
hi i'm new this coin what is the use of this coin and what is the special features?
|
|
|
|
|
|
reda
|
|
September 18, 2018, 05:48:20 AM
Last edit: September 19, 2018, 03:45:09 PM by reda |
|
Yeah. If bitcoin is dikes market price goes down. So people check the bitcoin price in the marketplace. The marketplace is important for all business process. So don't lose the coun and time to buy and sell it. People get the more good opportunity for business improvement. Market price is important of the all business project. If market price is down then shared market price also down. So follow the market price then plan to work.
|
|
|
|
|
|
vfrcbv911
|
|
September 18, 2018, 05:53:42 AM |
|
I think that bitcoin still significantly affects the price of altcoins because the price of bitcoin sets the General trend of the market.
|
|
|
|
Farma
Legendary
Offline
Activity: 2716
Merit: 1002
Leading Crypto Sports Betting & Casino Platform
|
|
September 18, 2018, 06:01:43 AM |
|
I think that bitcoin still significantly affects the price of altcoins because the price of bitcoin sets the General trend of the market.
you're right, the current development actually refers to bitcoin, and eth. however, the influence of bitcoin on eth is really big so other altcoins are also affected. so I think, bitcoin really controls the market. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
koincik
Sr. Member
Offline
Activity: 868
Merit: 265
★Bitvest.io★ Play Plinko or Invest!
|
|
September 18, 2018, 06:07:31 AM |
|
Looking at the daily yes certainly prices are linked to Bitcoin. But if we look for the long process, we can say this is a little variable. For example, the price of the Dogecoin rises as all the altcoins fall, depending on the price of Bitcoin. Because there is an improvement in Doge right now.
|
|
|
|
baghdatis1990
Member
Offline
Activity: 504
Merit: 14
Miracle Tele
|
|
September 18, 2018, 06:22:58 AM |
|
The altcoins price is influenced by the oscillations prices for bitcoin or ETH. The two are pioneers on the crypto market and the other alcoins are heavily influenced by them.
|
|
|
|
ObsidianCharlie
Newbie
Offline
Activity: 34
Merit: 0
|
|
September 18, 2018, 06:54:41 AM |
|
It honestly wouldn't surprise me if more than 11 million Bitcoin are lost forever. 10 Million circulating supply is what I expect once hyperbitcoinization happens.
|
|
|
|
|
|
Haunebu
|
|
September 18, 2018, 06:57:59 AM |
|
There is some sort of indirect relation between the bitcoin and altcoins. I am saying indirect because its been only when there is movement of the bitcoin upwards then altcoins are traded on larger volume for buying more bitcoin. The end result is very very simple here, bitcoin gets pumped more and altcoins ultimately starts dropping. This way we think that bitcoin movement is actually controlling the rest of the market. But this is nothing but the act of buying and selling which happens hand in hand with the two currencies and they affect each other. Thats what I get it from the current scenario.
Isn't it obvious? We have observed this through out history and there is nothing surprising about this at all. Bitcoin and altcoin values are indirectly related to each other where altcoin values tend to be directly proportional to Bitcoin value majority of the time. Both altcoin and Bitcoin values are inversely proportional to each other minority of the time. There is nothing surprising about this since Bitcoin usually dominates a big portion of the market which is why altcoin values fluctuate along with it. |
|
|
|
Summerwalk
Newbie
Offline
Activity: 22
Merit: 0
|
|
September 18, 2018, 07:03:15 AM |
|
It honestly wouldn't surprise me if more than 11 million Bitcoin are lost forever. 10 Million circulating supply is what I expect once hyperbitcoinization happens.
Accumulate until crysis. Others will accumulate from you later for higher price  |
|
|
|
|
Bigboygangmove
Newbie
Offline
Activity: 24
Merit: 0
|
|
September 18, 2018, 07:12:06 AM |
|
It honestly wouldn't surprise me if more than 11 million Bitcoin are lost forever. 10 Million circulating supply is what I expect once hyperbitcoinization happens.
True, when I die my bitcoins will die with me. |
|
|
|
|
Kainhighwind
Newbie
Offline
Activity: 31
Merit: 0
|
|
September 18, 2018, 07:16:39 AM |
|
It honestly wouldn't surprise me if more than 11 million Bitcoin are lost forever. 10 Million circulating supply is what I expect once hyperbitcoinization happens.
True, when I die my bitcoins will die with me. Yes, people needs to work for bitcoin, not giving it away for free, even for relatives Unless I could sell it at 100k lol |
|
|
|
|
|
