Does bitcoin control the market?

[Delinquency]

Yes it does. It's hard to say opposite. Almost all cryptocurrencies' price is affected by bitcoin price. We saw what happened last nine months when bitcoin price go deep. All altcoin market was crushed to death. They need bitcoin to rise again.

[worldofcoins]

I think it does because it holds most of the market cap and whenever something happens to Bitcoin, specifically going down the rest of the market fee it also.

[GizmoCoinTEAM]

To be honest I don't think bitcoin control market. But I believe that BTC is the baseline of the majority of the altcoins in every BTC market condition. It serves as a reference in value to other tokens and altcoins in the market cap. The altcoins are mostly based on the price of bitcoin.

[khaled0111]

Only few coins dont drop when Bitcoin drops or rise when it rises.

It is not because Bitcoin influences the market,
but because the market is influenced by news, rumors, whales...

When there is bad news regarding cryptocurrencies all investors start selling their coins making the hole market to go red.

[hadveach]

in my opinion, bitcoin regulates the price of each altcoin, bitcoin at the end of 2017 reaches a value of $ 20,000, and I see other altcoins like ETH, FLXX, RiPPLE, Dash, and others following the price of bitcoin to be high.

and today when bitcoin falls, other altcoins also follow bitcoin, if you think every altcoin doesn't follow bitcoin, then I think the purchase volume will be enough to make every altcoin high and increase without bitcoin.

[fara_buduk]

I agree with the thought of reading the price of all altcoins following BTC and all tokens following the ETH are actually incorrect thoughts because in fact many altcoins and tokens continue to fight prices when others experience a downward trend...

[Timmzzy]

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 agree with that actually that's same speculations I have been driving at but we just hope for all altcoin to come back which I know this bear market people still make money from it.

[Bastok]

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.. 

It could be yes that bitcoin control the market. Bitcoin itself already contributed to bring investors in cryptoword.  The populations of having a cryptocurreny is increases, and it really influences the new believer or investors .

[Dreamchaser21]

seems like that because with the price of bitcoin increasingly rising, the market and other coins also go up. because the influence of bitcoin on the market is large

Investors are just depending on the price movement of bitcoin but I think bitcoin does not control the market. We have so many whales in the market and I think they control more of it than bitcoin itself. but we must not panic simply because of that, we have to be more confident with bitcoin and I know some good altcoins will survive along with bitcoin.

[Dexion]

Yes, I agree with you, that each coin has different utilities, different volumes, and exchanges also determine the price of altcoins.

Dash has a significant development when the market is bearish, Odem is able to reach a maximum value of $ 0.3 when the market is bearish, and it gives profits to each holder and traders.

but, in general, I think bitcoin always regulates altcoin prices.

[batang_bitcoin]

Treating altcoins differently as they have their own utilities.

Correct.

But in general, all of them has the same qualities but with the pricing of each of them. They are being affected once bitcoin starts to pump and gain the dominance in the market. Meaning that most of the altcoin investors are changing their course to bitcoin which will give negative impact to the altcoins from which they came.

[Wiwendefak]

You are right that bitcoin is not controlling the cryptocurrency market. But bitcoin price ups and downs affect to all coins. As you mentioned that you have seen some coins price increased when the bitcoin price was dumped! It happens in 10 coins from the 100! And that happens for a good update or new exchange, Otherwise  97% coin price ups and downs with the bitcoin. So, Is bitcoin control the market?

[lazygin006]

I am afraid it currently does. Everything moves in the same direction of where Bitcoin goes. There are some ones might get the odd occasions but eventually they will fall back into the same track. This is an unfortunate situation but I am sure it will change will crypto currencies become more established.

[kucritt]

bitcoin is the king of the market, and we know that if the bitcoin rise up all cryptocurrencies will rise up too, it might be that you mean that bitcoin is control market? they control all cryptocurrencies when the price is up or down.

[reality18]

Bitcoin has an influence on the market due to it's large market capitalization. Bitcoin has gained the trust of about 90% of the investors in crypto. In the event of great fall in Bitcoin, these investors tend to panic and withdraw their investment from crypto and this greatly affect the entire crypto market and industry.

[ansarose1]

In my own perception bitcoin doesn't control the prices of the coins in the market, it is the coin's demand and supply that being reason to fluctuate time to time, the bitcoin price is also the factor of the prices of the altcoinsbin the market.

[deppil]

bitcoin is the king of the market, and we know that if the bitcoin rise up all cryptocurrencies will rise up too, it might be that you mean that bitcoin is control market? they control all cryptocurrencies when the price is up or down.

bitcoin does not control the market because each coin has its own market and does not depend 100% on the bitcoin market. but the influence of bitcoin is certainly very large in the crypto market. yeah you can say that. when the price of bitcoin rises most of the crypto market will also experience it but not all

[Cryptogid]

Times have changed, gone are the days almost every one believed bitcoin is the driver of all cryptocurrency,I have witnessed a serious rise of altcoins and against bitcoin,and dumping against bitcoin rising and these coins stays on top after the rise,then bitcoin still fluctuates.. So bitcoin does not really drive any price of the market..

[PalindromemordnilaP]

If we look at the crypto market during its red days, it's also noticeable that bitcoin is down and that some other cryptocurrencies almost have the same pattern of price drop as what we can see on bitcoin. So in that case, we can also say that when a group of whales decide to sell their bitcoin, we expect fluctuation of bitcoin's market cap and price and so with the alt coins and cryptomarkets too.

[Renal]

bitcoin controls the existing market to this day because bitcoin is the parent of all altcoins, obviously if bitcoin falls, altcoins will also fall and this has often happened in the cryptocurrency world.