Maknae09 (OP)
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Ternion | Hybrid Crypto Exchange with fiat gateway
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A question arises when we think of the possibilities that the leading cryptocurrency bitcoin is related to other altcoins such as ETH, doge, litecoins and etc. Bitcoin price directly influence the other altcoins. but their relationship is not that predictable. One interesting thing to find out is whether ALTCOINS with the same state has a value relationship. It is when we analyze if there is a direct and indirect proportion between two altcoins that we compare especially, their market value. ICO's goal is to create a new Altcoin. This concept might affect the relationship of their value since, investors are fixed with their desired ICO, there would be a low investment to the coin offering because of the increasing number of ICO and altcoin. Investors are divided meaning to say that not all of the ICO would have the opportunity to succeed.
What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?
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Grim149x
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October 03, 2018, 11:33:22 AM |
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I believe that Bitcoin acts like a representative for altcoins. It's like what gives an impression to the cryptocurrency in general. So if people are positive in bitcoin, they are mostly positive in altcoins too.
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Rati24
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October 03, 2018, 11:40:12 AM |
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Well, everything is traded to Bitcoin on all exchanges, and only then on another Altcoin. The price of a coin is determined by its market demand and supply. Other factors, such as fame among the community and the receipt of dividends from it in a certain period of time, have little influence. Also, much depends on the developer on his belief in what he creates in the cryptocurrency world.
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Cryptomilz
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October 03, 2018, 11:50:50 AM |
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The overall value of an altcoin depends most importantly on the premium place on the coin by the token. This to a large extent is dependent on the use case of the project and it's impact on the crypto space, demand and supply of the coin will determine it's price. If there is low demand for the coin, it therefore implies that there's not much premium placed on the project and as such the coin will be not be healthy in the market. Inversely, should there be high demand for the coin, it means there's huge premium placed on the project. It therefore means that the price will increase substantially overtime.
Furthermore, because the overall market is to a large extent influenced by the price movements of BTC, it therefore affects the prices of altcoins positively and adversely during its price swings. This is because a lot of alts are paired with BTC on exchanges in order to be able to trade them.
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Refozzblaze
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October 03, 2018, 11:55:22 AM |
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I think there many factor that affect altcoin price bad news and good news, and sometime if bitcoin price increase that also affect altcoin price.
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beerlover
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October 04, 2018, 03:01:37 PM |
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It is not always the same but back in the day (couple years ago) when bitcoin went up the altcoins went down because of obvious financial reasons of altcoin not losing dollar value but lose value against increasing bitcoin prices.
Moreover, last year during the huge bull run at late November- December the bitcoin price was going high, it went from 900 dollars to $20k in 6 months yet all other altcoins followed as well for some reason instead of dropping value, eth increased insanely and made bunch of miners happy for example. Yet today we again see if bitcoin goes up other altcoins go down, like the old days.
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Antinomist
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October 05, 2018, 08:47:34 PM |
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The relationship between Altcoins and Bitcoin is not direct. If one altcoin's price increases that doesn't necessarily affect other altcoins or Bitcoin. BItcoin generally presents itself as the representative, being the first and at the top of the value chain.
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drmasa
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October 05, 2018, 10:11:30 PM |
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What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
Stupidest but most accurate answer to both of these questions is that total market cap is greatest factor that affect price of some altcoin. There are great projects now that are in the red for a long time, and trading their coins much under ICO price. So we need new investors and fresh money and then even mediocre projects have huge profit! |
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paul gatt
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October 05, 2018, 11:17:35 PM |
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Bitcoin and altcoin are closely related. Bitcoin is the father of electronic money. Bitcoin has a great influence on the electronic money market. As bitcoin prices increase it will increase the altcoin. The electronic money market is dominated by bitcoin. All altcoins are dependent on bitcoin.
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kavishka
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October 06, 2018, 07:53:36 AM |
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i think bitcoin is now high im in altcoin
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BitcoinHodler
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October 06, 2018, 08:11:33 AM |
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there is no relationship between bitcoin and altcoins and their prices. people make this relationship because of what they think is true and then perform based on that assumption so we sometimes end up with a certain behavior so you might think it is actually true.
the only thing that i can think of to be true is the behavior of traders who are in this market. they want profit and whenever bitcoin is stable they move to pump altcoins to make profit.
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Holding Bitcoin More Every Day
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BlackPanda
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October 06, 2018, 08:17:09 AM |
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What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
Stupidest but most accurate answer to both of these questions is that total market cap is greatest factor that affect price of some altcoin. There are great projects now that are in the red for a long time, and trading their coins much under ICO price. So we need new investors and fresh money and then even mediocre projects have huge profit! Altcoin is indeed in a bad condition and now more investors need to be able to increase the cryptocurrency market. In relation, bitcoin and Altcoin cannot be separated. When Altcoin experienced a decline in the market, it was very clearly affecting the development of bitcoin. So both have to get the same support and this is a step towards the cryptocurrency era. That is an era where all financial transactions will be digital. |
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waser12
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October 06, 2018, 08:22:50 AM |
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Prices for all tokens depend on demand and supply only. There are some tokens which do not fall under the influence of the whole market. Others depend on the price of bitcoin. If bitcoin grows fast people begin sell alt coin and buy bitcoin. If bitcoin fall fast people begin sell altcoins and stay in cash waiting the bottom of bitcoin price.
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louie69
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October 06, 2018, 08:37:45 AM |
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I believe that btc and altcoins are correlated with each other where in most cases either be it's bullish market or bearish, they have the same market trends. For me, btc is always the baseline in every market conditions and this is what I usually observed when I started to monitor the current market condition.
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DavenporK
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October 06, 2018, 08:41:16 AM |
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many factors influence the value of altcoins such as positive news about crypto, demand for coins in the market and I think bitcoin prices also affect other altcoin values. because bitcoin is the parent of other coins automatically if the value of bitcoin falls, the altcoin will follow it but only partially and not all ... but in my opinion, increasing the value of coins depends on market demand, so if a lot of automatic coin requests will also increase as well as vice versa .
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CryptoBry
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October 06, 2018, 08:45:43 AM |
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The relationship between Altcoins and Bitcoin is not direct. If one altcoin's price increases that doesn't necessarily affect other altcoins or Bitcoin. BItcoin generally presents itself as the representative, being the first and at the top of the value chain.
I believe on the same thing. There are times that when Bitcoin is going strong some altcoins can be doing the same thing but there are also times when the opposite happened. In my view, the movement in altcoins depends on the factors that directly affected them individually and not collectively. Of course, this is quite related to the law of supply and demand and if one altcoin is doing all it can to make the project really look good and useful then I think the market can be reacting positively. Ascertaining the connection can be so difficult especially in the world of cryptocurrency where things can happen even for no reason at all. |
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SuiMikira
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October 06, 2018, 08:49:37 AM |
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Bitcoin is the main factor affects to Altcoins price, they find the way to get out of the depend in Bitcoin price for years but it's impossible. Stable coins still can't help altcoins less deppend on Bitcoin.
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great.crypto.finansist
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October 07, 2018, 11:22:42 AM |
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All Altcoins, along with Bitcoin, play on exchanges in the same size waves. Day trading it can be seen with the naked eye. This pattern sometimes gives positive results when making a profit.
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dearbesz1219
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October 07, 2018, 11:32:02 AM |
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Prices for all tokens depend on demand and supply only. There are some tokens which do not fall under the influence of the whole market. Others depend on the price of bitcoin. If bitcoin grows fast people begin sell alt coin and buy bitcoin. If bitcoin fall fast people begin sell altcoins and stay in cash waiting the bottom of bitcoin price.
This applies to most altcoins, but there are exceptions. Like Ripple few days ago, Ripple done 50% when other altcoins and Bitcoin had red numbers. |
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Lerikaweb
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The Fourth Generation of Blockchain in DeFi
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October 07, 2018, 11:43:38 AM |
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A question arises when we think of the possibilities that the leading cryptocurrency bitcoin is related to other altcoins such as ETH, doge, litecoins and etc. Bitcoin price directly influence the other altcoins. but their relationship is not that predictable. One interesting thing to find out is whether ALTCOINS with the same state has a value relationship. It is when we analyze if there is a direct and indirect proportion between two altcoins that we compare especially, their market value. ICO's goal is to create a new Altcoin. This concept might affect the relationship of their value since, investors are fixed with their desired ICO, there would be a low investment to the coin offering because of the increasing number of ICO and altcoin. Investors are divided meaning to say that not all of the ICO would have the opportunity to succeed.
What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?
The goal of any ICO is to launch a new project, not token. Tokens are used for empowering and monetizing the project. You have a wrong approach. |
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