Bitcoin, Altcoin, New Projects Relationship

[SabrinaBianka]

Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.

it's not the first, but the most successful one, you don't need to be the first or the fastest to be success,
and it's the natural relationship between coins, it's the value, nothing to do with tech inside, cause investors nowadays don'r really care that much.

I agree. What if, If the first crypto was not successful? Do you think this currency still deserve for more respects? We need to respect this kind of tech because it is very successful and it change our currency evolution.

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[barnes13]

Bitcoin is the first crypto currency and a pioneer that has succeeded in being a role model for new projects today. Each project has its own uniqueness in every use case they create, it all depends on the benefits of their tokens. If they can create a new solution that is very useful for the community, then they can be sure to be a new mover that increases people's enthusiasm. Creating an innovation involving blockchain technology has a strong relationship with the growth of investor interest in cryptocurrency in the future.

[Genemind]

Yes, it happens oftentimes but there are also times when altcoins drop-down when Bitcoin rises up. I guess it's just a coincidence that we have to deal with. There will always be speculations and we can't also deny the fact that Bitcoin has a huge impact on the price of altcoins especially when people are spreading FOMO's and is affected by the hype.

[bitvalak]

Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.

But it all depends on who is the person behind the project. If there are big names, the project can be well developed, and vice versa. Because in the cryptocurrency business the players are not far from there.

[CryptopreneurBrainboss]

Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.

How true it's can be observed from previous price movement of the market, altcoins tend to follow-up the full steps of bitcoin as it dictate the movement of the market. You might want to argue with the current observation from the market as bitcoin recently tends to noon without carrying the altcoins with it but if you pay close attention you'll observe few selective altcoins are adding price value each time bitcoin price increase (Litecoin is a perfect example).

The phrase doesn't have to reflect all the altcoin everytime but it's a ptoven fact that bitcoin controls the market most especial as altcoins are traded with BTC pairs and it's dominating the market. This is an emotion driven market so a decline in price of the most trusted asset has to reflect on the inferiors. Bitcoin is also the first, decentralized cryptocurrency others before it were centralized digital currency.

[oktana]

the influence of btc pair still often corners the movements of altcoin. this still forms the stigma associated with its users simply because of its position as an alternative.

several times the altcoin chart allows it to go up, but the btc conditions make a reverse change.

In the next few years, I think alt pairs for stable coins will be able to run independently, at this time it is still not possible.

[Thomas-s]

the fact is that Bitcoin simply took a leading position in the market and, according to investors, it is the most reliable asset in this market. For this reason, the Bitcoin price is associated with other cryptocurrencies. if the price of bitcoin rises, then altcoins grow in value against the dollar and the same thing happens if bitcoin falling in its price

[barnes13]

the fact is that Bitcoin simply took a leading position in the market and, according to investors, it is the most reliable asset in this market. For this reason, the Bitcoin price is associated with other cryptocurrencies. if the price of bitcoin rises, then altcoins grow in value against the dollar and the same thing happens if bitcoin falling in its price

Yes, in easy words all tokens on the market have an exchange pair against BTC. And the value of the BTC is associated with USD or other stable coins. So, if the price of BTC/USD goes up or down, of course it will have an impact on other coins.

[GideonGono]

Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.

The thing is that most of these altcoins aren’t paired with fiat but with Bitcoin only hence if Bitcoin’s price go up or down then it would affect them. Although Bitcoin might not be the first but the thing is that it had given itself a name and been the most dominant coin in the market for years now. No coin had been able to lose its dominance even for a second this past few years. The thing is that it is not a speculation and the moment you labeled this as a speculation means that you haven’t familiarize yourself on how the cryptomarket behaves.

[Free1bitco.in]

Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.

Well, the speculation that the price of altcoin goes up when the price of bitcoin goes up is correct. although sometimes in the altcoin-BTC pair the price does not go up, but because the price of bitcoin is rising, the price of altcoin will also go up. it can be seen things that happened in 2017, or the increase in the price of bitcoin in 2019. the dominant bitcoin increase gives the effect of price increases on altcoin, although it is not as good as 2017. But, this does not happen to all altcoins.

[armanda90]

Bitcoin is the first crypto currency and a pioneer that has succeeded in being a role model for new projects today. Each project has its own uniqueness in every use case they create, it all depends on the benefits of their tokens. If they can create a new solution that is very useful for the community, then they can be sure to be a new mover that increases people's enthusiasm. Creating an innovation involving blockchain technology has a strong relationship with the growth of investor interest in cryptocurrency in the future.

That's right, bitcoin is the best right now. I hope there is a new project that can be compete with bitcoin,so that competition in crypto will be exciting.
New investors will come to find crypto to invest their funds and hunt for profit.

[ashmodeus]

Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.

well , probably is it.
Bitcoin not the first , but we can see , the first crypto currency still have lacking on many sides.
that why bitcoin is and still the number one on cryptocurrency.
and why bitcoin is number one ?
because its decentralized , yes that right,bitcoin is the first decentralized cryptocurrency.
and actually, what we need it just decentralized, but i guess centralized will take all over.

[ningrum]

Bitcoin is the first crypto currency and a pioneer that has succeeded in being a role model for new projects today. Each project has its own uniqueness in every use case they create, it all depends on the benefits of their tokens. If they can create a new solution that is very useful for the community, then they can be sure to be a new mover that increases people's enthusiasm. Creating an innovation involving blockchain technology has a strong relationship with the growth of investor interest in cryptocurrency in the future.

That's right, bitcoin is the best right now. I hope there is a new project that can be compete with bitcoin,so that competition in crypto will be exciting.
New investors will come to find crypto to invest their funds and hunt for profit.

there will be no new projects that will rival bitcoin besides Ethereum and XRP, if you hear LIBRA,
I myself am not sure if Libra can be as successful as Ethereum later, many lies there, we'll see about that later

[royalfestus]

The price of bitcoin movement with other altcoins is not as relative as it used to be. The forecast may not be analysed at the moment due the bearish market condition but bitcoin pair for most altcoins has bad influence on the price compared to stable coin pair. The stable coin pair is gaining more adoption but I dont know for now if its a better option to control price until after some months

[poornamelessme]

Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.

Actually my understanding in here is that it is reverse proportional. If bitcoin goes up, alts goes down. That's why we have something we called btc dominance in which bitcoin dominates other coins. This is based on my experience during the bull run last last year and then eventually alts goes up as well. When btc became stable.

Typically BTC dominance results in the alt-btc ratio going down, but the alts still increasing in fiat value. However usually that fiat increase is less than whatever btc has increased by. So it's sort of profitable, just not as profitable as holding BTC.

Of course there are exceptions, like 17/18, when alts outpaced BTC. Or when coins do their own rise, such as ETH did years ago.

Over the summer we kind of saw what you referenced though. Alts decreased in both their btc ratio as well as fiat, which was a little odd. Actually alts crashed regardless of which way btc moved, up or down, alts went down in both fiat (not that odd) and their btc ratio (which was a little odd). Perhaps the latter was related to ETH doing poorly, sometimes if ETH does well, alts follow suit.

[Emilyearl]

It takes time for Bitcoin market to rally along Altcoin market. The only time the markets rally along each o her is when there's a massive bull run where money from bitcoin moves to Altcoins market aside this, Bitcoin market moves alone up leaving Altcoins. When Btc moves alts drop in price.

[ganeshramk]

Now market is moving based on news. This particular crash these days is due to Chinese government news. So new projects are affected due to the market conditions as well as trust issues.