Why are altcoins so fragile compared to Bitcoin?

[bgaf]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news?

The best reason here is the popularity. Let's be honest most altcoin has potential but being oppressed by bitcoin due to its popularity. How many have known some altcoin such as pivx? Dash? Monero? If you would ask neighboring country they could say that they know bitcoin well than these mentioned altcoins.

Market Capitalization for sure.

As you can see, dominance of Bitcoin is more than 50% for now, so expected that Bitcoin is still much powerful than combined all altcoins out there.

I think its 6.20% only maybe you are referring to the combined dominance or percentage of market volume. The market cap of bitcoin is huge compared to combined marketcap of altcoin but that isnt the main reason IMO. Could be a factor but the fact that bitcoin is the first digital currency which is why most prefer it.

[1715018841]

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[tiang_tower]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

In my personal opinion, altcoin is like relying on bitcoin, I even saw a few times when bitcoin prices began to fall, then most altcoins also went down, and vice versa, so I concluded that good altcoin is like there is a dependency on bitcoin.

[gaston castano]

if you see from the annual chart and from BTC dominance then when the dominance goes down that's alt will rise.
We will see that at the beginning of the end of 2017 the dominance of BTC decreased and the alt season arrived at that time.
maybe it will happen again in the next bull, or in the near future when halving btc happens, who knows.

[Google+]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

In my personal opinion, altcoin is like relying on bitcoin, I even saw a few times when bitcoin prices began to fall, then most altcoins also went down, and vice versa, so I concluded that good altcoin is like there is a dependency on bitcoin.

indeed many altcoin price movements follow the bitcoin price movement but it is very reasonable because bitcoin is the center of all cryptocurrency that exists but sometimes when there are certain events that can increase demand the altcoin price will soar high and not depend on the price of bitcoin.

[michellee]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

That is because the altcoins follow where bitcoin price moves, and the altcoin still behind bitcoin. Bitcoin still leads the crypto market, and if somehow bitcoin price is down, the altcoin will also down, and sometimes, the altcoin down will be too deep than before. That will make the altcoin fluctuating than bitcoin, although bitcoin price itself is fluctuating too. If we want to make a profit, I think we can try to trade with bitcoin pair usdt so we can have a chance to make a profit from the fluctuating price of bitcoin price.

[thottum]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

In my personal opinion, altcoin is like relying on bitcoin, I even saw a few times when bitcoin prices began to fall, then most altcoins also went down, and vice versa, so I concluded that good altcoin is like there is a dependency on bitcoin.

It's because if there is a downtrend many of the exchanges doesn't support direct conversion of Alts to fiat or stable coin. Even if there is a market its volume is very less so people tend to sell the alts towards BTC to convert it to fiat or stable coin this leads to the fall if BTC tends to fall.

Another reason would be if BTC falls or the cause of that fall will also be negative for the entire crypto industry so it might also be the reason for that. If the dominance of the BTC decreases then at that time alts soar against the BTC

[Muhammad Muneeb]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

it is because of wide use and trust of investors on the btc, almost everything in the cryptospace depends on the bitcoins, another advantage is that btc was the first ever crypto currency. maybe someday quantum computing beat the btc and people may make something better than btc

[livingfree]

Bitcoin is the safest cryptocurrency and if you are an investor, you will take the gamble with some few altcoins but eventually, you will get back to bitcoin so that you'll be safe again with your money.

I agree with this. I have a few altcoins but after thinking for a while and considering market conditions I think it is safer to invest in Bitcoin than other altcoins. But I guess if you are really a risk-taker and an expert trader and probably if your luck is on altcoins, there's no harm in investing in it.

It has been proven by time that bitcoin is the safest asset in this cryptocurrency sphere. You don't have to look for any other altcoins and think of it as your safest haven.

Alts can also be considered somehow as another asset that you can trade with but be careful doing that, you have to be really picky when choosing once. The popular ones before, they are likely to be forgotten now.

[CryptopreneurBrainboss]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

Simple, bitcoin has gain the trust of the community due to it years of continuous profitable performance, it has always revolves in a circle as it always recover after it decline in price meanwhile since most altcoins are just duplicate of already existing alts, it usually get replace with a new and improved project which kills the former. Meaning, altcoins can't be relied on but bitcoin can be relied on since we only have one bitcoin.

The cryptocurrency market is still influence by emotions meaning most Investors are just emotionally motivated and have no prior knowledge of investing therefore they fud on any negative news and since the altcoin market has more of this type of Investor, it surfers the most.

[Mianae]

Every market is fragile be it Bitcoin or altcoin. The reason why it seems altcoin market is so fragile is because when there's a little change in the altcoin market everyone rushes to cash out to Bitcoin. When Bitcoin moons, everyone as well rushes to cash out and stay in bitcoin which further pushes the altcoin market down making it look as if though is too fragile when compared to Bitcoin and also remembering that everything that happens to Bitcoin is felt on Altcoins. If Bitcoin price goes up, Altcoins dump because everyone wants to stay in bitcoin.

[shiming]

This is mainly a consensus gap. Nowadays, there are many people who know Bitcoin, and there are many people behind him who support him, and there are fewer and fewer people behind altcoins, and the gap between the two is very large, which will lead to different liquidity, so price fluctuations are often Will be different. The price of Bitcoin is less volatile than altcoins. Often a altcoin news appears, which will cause the altcoin price to fluctuate sharply. Vulnerable to news.

[Juse14]

The main effect its from bitcoin, the secondly from the project it self based on my speculation. Why? because went the trend market on bitcoin is on bullish/bearish altcoin always got effected for the price keeping down. Altcoin need a stable market condition to make their own fundamental movement price after the bicoin price was moving.

[Ashong Salonga]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

I guess it is because there are lots more issues related to Altcoins than Bitcoin which thoroughly affect the whole Altcoin market as a whole. Whenever there is a big news in relation to altcoin the whole market is being affected maybe due to the generalization brought by the recent happenings which involves Altcoins which is I think until right now is still not into good condition to regain the trust of the investors. People do obtain or trust more into Bitcoin undoubtedly because it is well-known to be the safest and the most secure cryptocurrency existing in the market that is people chooses it more over Altcoins. With such reasoning people do have in their minds towards Altcoins, it makes the prices of all Altcoins whether it is good or bad project to be affected on this making the whole Altcoin market to be fragile compared to Bitcoin alone.

[Chuky92]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

One of the things in the crypto world is that it is unpredictable when news can affect a market positively or negatively. In the case of altcoins, the volatile nature is high when compared to Bitcoin, in that unfriendly practices or changes from the team can cause the token to drop in value; imagine a good project announcing that it will list on another exchange, of course users will want to buy and hold prior till then but what will happen if it is delayed, there are chances the token will drop in value. In addition, Bitcoin also affects altcoins, in this case when Bitcoin is rising in price most might be forced to sell off their altcoins to Bitcoin which also affect the altcoin in question. So, there are many things which affects altcoins and its price, and they might likely not be avoided.

[XCANA]

Let me start by saying that, many have invested in altcoins and were disappointed in the process. I particularly invested in series if altcoins backed in 2016 till 2017 and very few of these investment yielded profit to me but others went into the drains. Many have this same experience and never wanted to invest into altcoins but only on Bitcoin. Bitcoin is more secure than the altcoins which most are been controlled by very few individuals called developers. They have all the control over the said altcoins and can go off anytime without investors consideration.

[Kasabus]

Let me start by saying that, many have invested in altcoins and were disappointed in the process. I particularly invested in series if altcoins backed in 2016 till 2017 and very few of these investment yielded profit to me but others went into the drains. Many have this same experience and never wanted to invest into altcoins but only on Bitcoin. Bitcoin is more secure than the altcoins which most are been controlled by very few individuals called developers. They have all the control over the said altcoins and can go off anytime without investors consideration.

If we invest in altcoins without any research, we will fall just like gambling. We may lose our money in just a second. Altcoins are more volatile and that any bad or good news, they can be easily affected. Although the whole market is affected when negative news hit it, but when it comes to bitcoin it recovers easily and this is why bitcoin is a safe investment compared to altcoins.

[Iyeman]

The main effect its from bitcoin, the secondly from the project it self based on my speculation. Why? because went the trend market on bitcoin is on bullish/bearish altcoin always got effected for the price keeping down. Altcoin need a stable market condition to make their own fundamental movement price after the bicoin price was moving.

Bitcoin does it but another factor that comes from the global sentiment was also giving a huge impact to drive the price of bitcoin. We can see so many investors have been tried to secure their asset from the global impact. Bitcoin is not getting any bad news but it faces the correction. that's a little bit doesn't make sense.

[dragon695]

Let me start by saying that, many have invested in altcoins and were disappointed in the process. I particularly invested in series if altcoins backed in 2016 till 2017 and very few of these investment yielded profit to me but others went into the drains. Many have this same experience and never wanted to invest into altcoins but only on Bitcoin. Bitcoin is more secure than the altcoins which most are been controlled by very few individuals called developers. They have all the control over the said altcoins and can go off anytime without investors consideration.

If we invest in altcoins without any research, we will fall just like gambling. We may lose our money in just a second. Altcoins are more volatile and that any bad or good news, they can be easily affected. Although the whole market is affected when negative news hit it, but when it comes to bitcoin it recovers easily and this is why bitcoin is a safe investment compared to altcoins.

Bitcoin is an investment that many people choose to invest because the coin has had a very stable growth over the past time. In addition, altcoins can also be your second choice because these are coins that usually rise very high if good news appears. However, you are not always lucky enough to make a profit from this market and everything requires great patience.

[AliMan]

The main effect its from bitcoin, the secondly from the project it self based on my speculation. Why? because went the trend market on bitcoin is on bullish/bearish altcoin always got effected for the price keeping down. Altcoin need a stable market condition to make their own fundamental movement price after the bicoin price was moving.

Bitcoin does it but another factor that comes from the global sentiment was also giving a huge impact to drive the price of bitcoin. We can see so many investors have been tried to secure their asset from the global impact. Bitcoin is not getting any bad news but it faces the correction. that's a little bit doesn't make sense.

While the correction is there happening, altcoins still faced several challenges which is more difficult as to compare with btc. If you're having an asset right now, much better to venture first on bitcoin all alone and make altcoins as your alternative secondly. It served as your second options to gain profit in the future. Once bitcoin will achieve the top value, we need to find another way to make sustainable income from it.

[Kotone]

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news?

This is because of the use cases and objective of those platform. Sometime an altcoin becomes a shitcoin if the application of their platform doesnt needed and necessary in blockchain. Many platforms are like this and makes them become valueless.

Nowadays, there are many people who know Bitcoin, and there are many people behind him who support him, and there are fewer and fewer people behind altcoins, and the gap between the two is very large, which will lead to different liquidity, so price fluctuations are often Will be different.

Agreed. The bitcoin popularity becomes an immense progress on technological advancement and many cant argue to this. Why? Because many altcoins have just been imitating the real product and purpose of peer to peer and sometime its redundant to every investors thats why many altcoins are just ignored.