Bitcoin proved it once again

[kentrolla]

Agree, things have never changed even after a decade BTC is dominating and still ruling the crypto market it shows how capable and powerful coin it is.

I never thought altcoins will drop massively then I realized oh it's BTC who is making impact in the market, However we need to wait unless BTC recovers if this happens alts too will make noise in the market.

[Negotiation]

You are right that the price of Bitcoin depends on the price of other altcoin as the price of bitcoin goes down so does the price of altcoin therefore it is necessary to analyze the market properly and evaluate the currencies. Seeing the market is not stable no one can observe the price difference but bitcoin is above all nothing can compete with bitcoin.

[AniviaBtc]

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

In that type of scenario, you will really see that altcoins only depends on how important bitcoin in the market.

Once bitcoin is weak and don't have any positive movements in the market, other investors will now put their attention on altcoins where they can make profits.

Sometimes it is the season and proper timing that matters in cryptocurrency world, it is the observation and making predictions in the market that will help you earn more profits.

[Latviand]

It has always been like this since Bitcoin has become the most dominant cryptocurrency in the market. As long as the dominant cryptocurrency doesn't change, Bitcoin will continue affecting altcoin prices.

That's why we can't deny that bitcoin is the best cryptocurrency in the world and those altcoins are just its deputy when bitcoin is not doing well.

We all know that there are factors that hugely affect the price of bitcoin but when it comes to altcoins, bitcoin is the number 1 crypto that hardly affect its price.

When bitcoin is bullish then altcoins will not be that stable, but when bitcoin is stable, I guarantee you that altcoins will boom in the alt market.

[XZERO1]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

Well, there was nothing to prove anyways, most people involved in crypto already know that bitcoin is the one that drives the market.

The reason for altcoins not going up alongside of bitcoin is because most of the money is flowing into Bitcoin at that moment, if you follow BTC domination chart you can clearly see that.

Altcoins will have their moments though and they tend to increase in price while Bitcoin is relatively strong and is going sideways, but when Bitcoin is the center of the attention like right now you will only see the increase of the price on BTC and other high cap altcoins like Ethereum, other low cap altcoins can only increase based on good news and even then their pump would not usually last that much and they could just as easily get back to their original price after a while.

[oktana]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Bitcoin in a way actually has control over altcoins but not all altcoins. If you notice, you'd see that some altcoins seem to maintain their balance or even go more green when bitcoin slides into a depression.

[kawetsriyanto]

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

Yep, it is the fact that most altcoins depend on Bitcoin price. When the Bitcoin price is decreasing, we will see that the prices of almost all altcoins begin to drop as well. Also when the price of Bitcoin is increasing, the prices of many altcoins start to increase gradually. It clearly shows if Bitcoin can determine the prices of many altcoins, except the price of stable coins like USDT. Yeah, this proves that Bitcoin is the king of crypto coins and it is the most influential coin till now.

[minhkhoa]

Bitcoin's bullish and bearish wait is really dire for the crypto market as a whole because the king has shown to all of his people the influence in value and importance. There is also a limitation of the crypto market. Because it all depends on Bitcoin, the Altcoins lose their discretion. Some of my Altcoins have dropped dramatically.

[jahepahit]

It's a usual thing that personally am used ot it. Bitcoin has a dominance of over 60% in total market cap and this means alot. Alts will definetely bow to its actions everytime. This will continue to happen untill if possible the dominance is reduced by more than half which is not feasible for now.

[fishbonez11]

When trading altcoins, I always monitor the Bitcoin chart. Altcoins are dependent on Bitcoins price, a sudden pump means a suddend pump for altcoin also and a sudden dump means a sudden dump for altcoins. Altcoins are controlled by whales and they just follow the Bitcoins direction. In some cases, altcoin make their own move when something is to happen or a special event will happen. But most of the time, Bitcoin takes the lead.

[pixie85]

It's a well known fact that altcoins follow Bitcoin and the weakest altcoins drop the most when Bitcoin does it.

People choose altcoins over Bitcoin usually because they think they can't afford a full bitcoin so there's no reason to hold it, which is stupid, or because they are expecting much greater volatility.

[dimonstration]

Bitcoin's bullish and bearish wait is really dire for the crypto market as a whole because the king has shown to all of his people the influence in value and importance. There is also a limitation of the crypto market. Because it all depends on Bitcoin, the Altcoins lose their discretion. Some of my Altcoins have dropped dramatically.

The good thing about crypto is that we have option of trading them both that we can still earn since when one drops the others might have some pump. Opportunity is always visible and Being able to monitor the market is a plus too for traders since they can get the right time to buy at low when the chart seems to go higher. Unlike in 2017 that both altcoins and BTC pump, altcoins may take time to create their hype again after DeFi.

[MCobian]

Of course Bitcoin movements can affect the price of altcoins, because Bitcoin dominates the crypto market by up to 62%.
So we have to be careful when trading with altcoins, don't just analyze the movement of the altcoins that we are going to buy.
But do an analysis of the price of Bitcoin too, that way the safer the decisions we will make. After all Bitcoin is an important
key in the world of cryptocurrency.

[Noctis Connor]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

You can't compare both because they are separate market which bitcoin has its own per to per and when it comes to altcoins maybe it just a coincidence that the volume of bitcoin has drop not unlike bitcoin it can regain its own and be at the higher price again because their are people are who are buying and selling they thinking that making some of profit that came from bitcoin are going to use it in altcoins, Well pumping bitcoin doesn't affect those altcoins which people have their own decision which what they are going to make.

[ethereumhunter]

If you do believe that it will pumped back again.

Buying from this area might be a good then hold and wait for the value to rise back and bring you a good compensation, most of the
time it's your own assessment that will gives you the hint whatever position to take. Bitcoin influenced the market and still showing that
with this current downfall.

I believe that the bitcoin price will get pumped again soon.

I already buy bitcoin below the current price, and I still wait for more, but if the trend is going down again, I will buy more if necessary. I want to buy bitcoin, especially if the price can dump so hard

The market signal shows that bitcoin has good moves right now, but we need to be careful because no guarantee to see the price can increase above.

[CODE200]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Simply shows bias to how I vew your perspective regarding the market price of Bitcoin and Altcoins. In my opinion, there's no existing correlation with regards to their market value simply because there are times wherein Bitcoin is having a price increase, while Altcoins are not having any. Times wherein both market prices are falling, and times wherein dump occurs to altcoin market alone. Thus, this breaks the assumption that these two subjects are connected with one another. Fluctuations are just normal and is something innate in this technology probably because of the characteristics this technology is having. If you will check the charts on the previous market price behaviors, you would probably understand my take on this topic. Patterns are having no existence in this technology especially regarding their market prices.

[oprahwindfury]

It's the example accessible right now as the expense is going sideways for a significant long time, bitcoin worth will augment after some time that obviously starting at now comes to $20k yet the interest is lacking to break the divider. Disregarding the way that it falls underneath $18k, bitcoin will recover to $19k over the long haul, it basically time matters because bitcoin can show up at another ATH in 2021 and we would incline toward not to miss it by selling bitcoin at this worth reach.

[jaberwock]

It seems like you have not noticed that there are so many altcoins in the cryptocurrency market that doesn’t correlate with bitcoin. The ones that are even correlating with Bitcoin are not much, it’s just Ethereum, Bitcoin Cash, stellar, and a few of these top altcoins, they are the ones that usually follows Bitcoin like 90% of the times that Bitcoin makes a move; if it goes up they will go with it, and when it goes down they will also follow it.

Others are just going their own ways and are not being influenced by any movement that bitcoins takes. I have seen coins that will go up whether Bitcoin is going down or up, they will continue going up, they just don’t have anything to do with BTC.

[fauzan123]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Bitcoin in a way actually has control over altcoins but not all altcoins. If you notice, you'd see that some altcoins seem to maintain their balance or even go more green when bitcoin slides into a depression.

Bitcoin is the same as USD, as a major trading pair. So that is why the impact of bitcoin prices will also have an impact on altcoins, of course this is also related to each other even though investors are still invested, but the up and down movement of prices for altcoins must have an impact.

[wxa7115]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

I do not understand, why bitcoin needs to prove anything? Bitcoin has been the most dominant coin in this market from the very beginning, if any coin wants to show they can move independently from bitcoin then it is up to them to prove that, because I'm pretty sure that we can take any coin that has a long history of being around the market and that has a decent volume and we will find that there is a very high correlation with bitcoin.

Proving that such coin depends almost entirely on the bitcoin movements in order to move itself, and the only way to do something like that will be to improve their technology to the point that they no longer resemble bitcoin anymore, something that probably never going to happen.