Everyone agrees that bitcoin rise will help the all crypto currencies to rise?

[gabmen]

Bitcoin is the heart of cryptocurrencies, the question is illogical as everyone knows the entire Alts follow BTC, crypto market is still dependent on BTC I can clearly state that without a doubt. Else we could have seen changes in the Alts, well a lot of them are eagerly waiting to see a pump and hopefully it will recover very soon.

Indeed, bitcoin is main currency and thats why bitcoin affecting on others crypto price. Most exchanger using bitcoin as main pairs and altcoin price depend on bitcoin fluctuation.

Well not all of course but majority of the market does follow btc's trend. Just look at the recent correction 2 days ago. The market was doing fine but was then dragged in the red when btc dropped below 4k again. They react to how btc moves and that's been proven for the longest time.

[Juggy777]

Bitcoin is the heart of cryptocurrencies, the question is illogical as everyone knows the entire Alts follow BTC, crypto market is still dependent on BTC I can clearly state that without a doubt. Else we could have seen changes in the Alts, well a lot of them are eagerly waiting to see a pump and hopefully it will recover very soon.

Hey I'll second your point as it's proved over time that entire crypto market mirrors the trend of Bitcoins, if Bitcoins prices goes up then alts prices rally. I don't think that day will ever come that alts will rally on it's own, even despite their huge market capitalisation they fail to influence it. I do hope you have invested in good alts like ripple, ethereum cause others have a very short life span and will take forever to recover.

[anjohyx]

Most of the time altcoin is follow bitcoin price, check the market charts between Nov 2017 ~ Dec 2018, then you know that what's going on, everytime bitcoin price hard dump such as from 6K to 3.5K, that time whole marketcap is below $100 Billion, hope bitcoin price recover soon 

[Saisher]

From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.

Do you agree that?

It is just a speculation, but yet the price is performing better, the price of cryptocurrency will skyrocket, once it is confirmed, so we all just hope that it will be confirmed so we will get over our depression because we must admit, some of us have bought when crypto's at it's highest and failed to sell.

[SinLinJim]

Bitcoin is the heart of cryptocurrencies, the question is illogical as everyone knows the entire Alts follow BTC, crypto market is still dependent on BTC I can clearly state that without a doubt. Else we could have seen changes in the Alts, well a lot of them are eagerly waiting to see a pump and hopefully it will recover very soon.

Indeed, bitcoin is main currency and thats why bitcoin affecting on others crypto price. Most exchanger using bitcoin as main pairs and altcoin price depend on bitcoin fluctuation.

Well not all of course but majority of the market does follow btc's trend. Just look at the recent correction 2 days ago. The market was doing fine but was then dragged in the red when btc dropped below 4k again. They react to how btc moves and that's been proven for the longest time.

This trend will continue for a long time, of course gradually the influence of bitcoin decreases and altcoins are gaining strength, but they are still very far from independence from bitcoin

[PlusOne88]

The rise in cryptocurrency prices is always so dependent on how bitcoin movements as if it is there reference. Though not strictly true but generally bitcoin movements of prices affects most of known coins. If you would be looking at the graphs you can see it is very evident. But there were times that I have noticed when bitcoin did go down ethereum had shown to rule the movements of coins but it did not take too long bitcoin then takes over. I cannot recall that much but I think it was around the second quarter of year 2018.

[Raymondavid47]

Actually it's not all the cryptocurrencies that will be affected by the price of Bitcoins. There are so many altcoins that are not being traded against Bitcoin but rather Ethereum, Ltc or Neo. So the increase in price of Bitcoins will not directly affect them.
In 2017  we had what we call btc season and altcoins season. During btc season, btc will rise while altcoins will decrease, but during the alcoins season, altcoins will rise will btc will remain at its position or decrease.

[Georgiyk]

I totally agree with you. Thus, it is customary that Bitcoin is the king of cryptocurrencies, and if bitcoin goes up, the other coins imitate it, and the price of them begins to grow. Well and vice versa.

[overnight03]

If the price of the bitcoint increases, the price of all other altcoin will increase, it seems to be a rule of this market, if you trade regularly, you will find it easy

[bitcoinikdotcom]

From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.

Do you agree that?

Bitcoin is the largest cryptocurrency by marketcap. Bitcoin has 52% shares of the total crypto marketcap. When Bitcoin rise new money come into the market and the total marketcap will rise with it. This new money is transferred to altcoins for the short term. Altcoins may see a small rally of 10-15% after Bitcoin pump. This is not applicable to long term most of the altcoins today does not have a feasible project and no real use case. So in the long term, only a few altcoins will survive those have active teams and real development. Choose your altcoins wisely.

[NEERAJ ANAND]

Fully agreed with your opinion as bitcoin has the highest chunk of the total market cap and a huge influence on the market. whole cryptocurrency market follows the bitcoin trends and whichever direction goes into bitcoin, all altcoins follow it.

[tonibyuzen]

Of course, I fully agree with you. For those who have long been watching the cryptocurrency market and constantly analyzes changes in their prices, it is obvious that the cost of all altcoins depends on Bitcoin. In order for the market to begin to recover, it is enough to increase the value of BTC.

[nwosuchristabe2]

 Bitcoin is the king of the cryptocurrency industry, the value of Bitcoin determines the value of other cryptocurrencies and Bitcoin holds more than two-third of the entire cryptocurrency space. The value of Bitcoin determines the value of dollar and in extension the value of other altcoin

[Little Mouse]

It's relatively connected with the price of BTC. When BTC price increases, altcoin price also increases and when BTC price decreases, altcoin price also decreases. Imagine, X coin is now being traded at 1000 satoshi, when BTC price increases the vaule definitely will increase too.

[o.ogurlu]

I think yes. Bitcoin currently has more than half of the total market cap of cryptocurrency. That's why changes in Bitcoin price are affecting the whole market. And so, when the price of Bitcoin starts to rise, the price of almost all tokens in the market will start to rise.

[NynaHoney]

I agree with that statement, we know that bitcoin is the parent, almost all coins, which means that the price of dibitcoin goes up so many coins will go up in price and if it goes down the same so, many coins that follow the benchmark price of bitcoin can somehow be, like that I also don't know but, that's the reality that happens in the market.

[cryptowolfsu]

Bitcoin growth will help for the  other altcoins to grow but not all of them  will recover. On the other hand
the market is becoming less dependent from BTC. We can see the pattern that the market is growing several
$ billions daily and top coins are flat. Some of the well performing alts already pumping without BTC, ETH , XRP etc. help.

[judeafante]

From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.

Do you agree that?

I believe Bitcoin will have this coin to recover when the market is up people pour investment on the coins they believe will give them profit, there are a lot of instances that altcoins offer the most profit than the top coin in the market, so even shitcoins are pumped.

[daniel08]

From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.

Do you agree that?

Definitely it is the flow in cryptocurrency stats where in bitcoin rise its value so do follows most of the other cryptocurrencies to go rise in value also. Bitcoin can affect the value of cryptocurrencies , when it gets high others follows , and when it gets low others also gets low and it is the cycle in cryptocurrency price differences.

[wayaneka]

Yes almost all altcoin followed the trend of Bitcoin so when we trade altcoin we should be also make analysis price action of BTC. BTC should be going up first and then others altcoin also will tigger for bullish.