Are all altcoins dependent on Bitcoin?

[KingsDen]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

[Jawhead999]

No, not all altcoins were made upon of BTC, only Bitcoin forks (e.g. BCH, BSV etc) are built upon BTC. But it's doesn't mean all Bitcoin forks will follow Bitcoin price because it's not pegged 1:1 just like Wrapped Bitcoin (Bitcoin in another chain).

Also not all altcoins are following Bitcoin price, it's because of the market condition whether they see Bitcoin pump they believe altcoins will follow to since the market is healthy and vice versa. USDT is the one coin that often do opposite with Bitcoin, because when Bitcoin dump people will sell their Bitcoin to USDT. This will make USDT price higher (a bit pump) since many people have high demand.

[akirasendo17]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

no, it's just that if bitcoin goes down some people panic and sold their coins since they thought if bitcoin goes down, altcoins will follow, it depends on the project mostly go down because there are things that happen in their community like FUD, or they fail to deliver something which they have promised, and investors might think its a scam or maybe the project will not be popular, there are lots of things to consider.

[btcltcdigger]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Most altcoins have no real connection to BTC, except their pairing on exchanges.
When BTC starts dropping, people usually exit alts and try to buy BTC at lower prices, thus causing a cascade effect

[KaliLinux]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Most altcoins have no real connection to BTC, except their pairing on exchanges.
When BTC starts dropping, people usually exit alts and try to buy BTC at lower prices, thus causing a cascade effect

I hear what you are saying and kinda agree with you but why do the drop chats of all the ALTs almost the same as that of Bitcoin whether it is in an upward trend or downward trend? If you really take time to look at the chats during Bitcoin down trend and compare it with say, Ethereum, BNB and some other ALTs, it is almost 99% similar so I am thinking that same OPs question, why so much influence on other ALTs by Bitcoin whether positive or negative.

[cabron]

I have not see any altcoin that isnt dependent to BTC. Eth shouldn't be dependent but because there is a pair BTC/ETH it still becomes dependent. 

The ERC20 tokens are also dependent to ETH which every time the price goes up or down, ERC20 tokens also follow. The only that isnt dependent are the stablecoins. Not surprise. 😄

[zasad@]

Is there no independence in the cryptocurrency world?

This only tells the gnomes that the cryptocurrency market is very centralized. BTC Dominance: 40%
Therefore, it is enough to manipulate the bitcoin price and all coins and tokens will follow the bitcoin price.
The situation will change every year as cryptocurrency projects are more integrated into various economic relations.

[CryptoG99]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

This is not true. ETH and ADA for example are their own blockchain technologies.
You also have BSC that is built on ETH for example.
You can trade tokens like FLUR on the BSC and you pay small fees on the BSC. Speaking of witch, FLUR is an interesting project that could see some serious gains. DYOR but I think everyone should take a look.

[lablab03]

Probably yes in my opinion coz as you can see after the criticism and the declined in bitcoin all crypto currency in the market become affected and now they are still down because bitcoin still struggling as well.  No one literally can say its not, since it alway happened every time when whales manipulated bitcoin value. I dont know if there's someone can tell and explain that it's impossible to happen especially on this situation right now..

[UKprod]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

This is more of a market sentiment rather than the foundation being BTC. Say for example, MATIC (polygon) had crashed when BTC had crashed, but it recovered much faster than the recovery of the rest of the altcoin and bitcoin in itself.

Further, the cryptocurrency market is very immature i.e. minor comments and tweets from certain individuals can rock the cryptocurrency market up and down. However, once things stabilize and crypto market turns more mature, we could see each altcoin being independent from Bitcoin.

[DapanasFruit]

In many ways the answer is a big NO but in reality the answer is YES. And it is because Bitcoin and all alts are all belonging to one industry - cryptocurrency so no wonder that if there is a trending Bitcoin dip almost all alts can be affected though I am not saying that there will no exceptions to this rule from time to time as there can be some breakaways happening. I had been watching with the cryptocurrency market for years now (though am not an expert in any way) and I encountered this same situation many times already.

[LostEcho]

I don't care about what others are telling you right now, what I've noticed is once bitcoin starts rising most altcoins will revaluate as well and same thing will happen once BTC starts dumping, BTC is the first and it has the highest liquidity and volumes so it has the power to reshape crypto market valuation

[Mahdirakib]

Whole crypto market crash beside BTC while there is FUD regarding bitcoin. But it doesn't happen while we hear any bad news about any individual alts. Everything happens for the investor thought. Bitcoin is known as the king of crypto world, and investor has taken it as an idol of crypto market. That's the main reason behind it. Although we have seen different movement also. But you can't expect stability or upward move of altcoins when there is FUD/bad news about BTC.

[Jackl87]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

If you mean if the code of all cryptocurrencies is based on the code of bitcoin then the answer is no. Litecoin is an example that is really based on bitcoin but made a few tweeks to the block time and the type of proof of work algorithm. Most other coins are either own coins with a own blockchain infrastructure or Tokens of the Ethereum Network or Waves Tokens or Tokens of any other Smart Contract platform.
The reason why the price of all cryptocurrencies is going down and up when bitcoin is going down and up is that bitcoins is still the biggest and most popular crypto project out there and a lot of people that are not into crypto think that crypto = bitcoin.

[devil2man]

unfortunately bitcoin is and remains the reference point for comparison of all altcoin markets / exchanges as a consequence of this fact bitcoin remains a driver of almost all the altcoins that follow its trail and its changes in value both towards the 'up and down, i personally hope that this situation can change and that the true value of altcoins can be given by their potential on the market and as applications in the various sectors where they are used

[Dexion]

No friends, maybe it happened because of bad news about bitcoin, then many people panic and sell their assets because they think bitcoin will go down, and think if there is a decline in BTC then altcoins will follow. In fact, altcoins can go down because of problems in their own environment, whether it's an inappropriate target, funding, or other things, as well as investors' assumption that the project will potentially be a scam. Many factors can influence it.

[Sterbens]

almost everyone said no, and I thought so I should wait for at least a simple and true argument as to why there should be a chain binding Altcoins when everything is almost said to be a result of the Bitcoin Correction.
The only thing I can understand right now is about the pairing of altcoins with bitcoins in some markets. but that reason is also not enough. because basically the altcoin market tradition follows Bitcoin price movements and can be seen when the Bitcoin price increase sometimes experienced by Altcoin is not fully up. people will focus on the price of Bitcoin. but when Bitcoin price drops, Altcoin will be affected.

I think if things continue like this in the future, it seems that Altcoins don't have the right ideal in the market for small traders who can't afford Bitcoin.

[vabchgent]

No, not all altcoins were made upon of BTC, only Bitcoin forks (e.g. BCH, BSV etc) are built upon BTC. But it's doesn't mean all Bitcoin forks will follow Bitcoin price because it's not pegged 1:1 just like Wrapped Bitcoin (Bitcoin in another chain).

Also not all altcoins are following Bitcoin price, it's because of the market condition whether they see Bitcoin pump they believe altcoins will follow to since the market is healthy and vice versa. USDT is the one coin that often do opposite with Bitcoin, because when Bitcoin dump people will sell their Bitcoin to USDT. This will make USDT price higher (a bit pump) since many people have high demand.

USDT is a stable coin. It has nothing to do with the question the OP asked. USDT is supposed to be equal to 1, no matter what...

I would say that indeed 100% of the coins are somehow dependent on Bitcoin. Usually under any circumstance, if Bitcoin crashes really hard 100% of the alt coins follow. It is extremely rare that an alt coin stays where it is or even makes gains when Bitcoin loses significantly, and thereby I mean double digit percentages in a day.

[Ozero]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Only some coins, such as Ethereum, Bth and others, have appeared on the basis of Bitcoin, such as Ethereum, Bth. All other cryptocurrency have the same blockchain technology, however, are practically relatively independent in this market. However, other cryptocurrencies depend on the price of Bitcoin and this is associated with a high level of its capitalization. The larger in a certain cryptocurracy investors invest money, the greater influence it is on the market, which means that it affects the formation of prices for other types of cryptocurrency.
Cryptocurrency is relatively developing relatively and is hardly the existing price dominance of Bitcoin will be saved in a remote perspective.

[tabas]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

[tyz]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Well, you can say 99% of alts go in the direction of Bitcoin. When Bitcoin falls, so do altcoins. When Bitcoins rise, Altcoins rise too. Sometimes there is a certain time difference between the relation, but in general this is the direction since cryptos emerge. Depending on the market phase, there are always individual coins that escape this trend, but these are very rare and usually short-lived.

[meves99]

We know that cryptocurrencies have their own independence, so there is no need to hesitate.

[KingsDen]

When BTC starts dropping, people usually exit alts and try to buy BTC at lower prices, thus causing a cascade effect

Wow! This is very interesting and logical. I believe this. If not the only reason, it is surely one of the reasons. But clarity is still needed here. If people exit altcoins when BTC is dip to get BTC, making altcoins dip too. Why do altcoins rise when BTC start rising again. I think the exited altcoins in certain time is supposed to remain in dip and not follow BTC immediately.

[wxa7115]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

There is almost no independence on the way altcoins move compared to what we see with bitcoin and the reason for this is that most of those coins are copies of the original, the developers of those coins try to make it seems as if their coins are completely different but this is not the case.

I think that if we actually took the time to analyze every coin at most you will find 20 or 30 coins that are sufficiently different from the code of bitcoin to call them original coins, the rest are forks of bitcoin or of those coins, which shows why when bitcoin goes down the whole market goes down as well.

[isaac_clarke22]

~

Still some tend to follow the price of Bitcoin when it dumps.
In my perspective if I would invest like through diversification, I would consider from BTC to alts and vice versa depending on the situation.

@OP There are forks as what was mentioned but it isn't all made from BTC.

[Fivestar4everMVP]

Well, the correct answer is no, no altcoin is built upon bitcoin or built to depend on bitcoin per say, but the reason the entire market crashes when ever bitcoin is crashing is because - :

• 1. Bitcoin currently has the most market dominance in the entire crypto currency market capitalization, for this reason, when ever bitcoin drops, the entire market capitalization of all crypto put together also drops which in turn affects other altcoins.
• 2. Most altcoins are also pegged to btc in tradings, and bitcoin having the higher value, when ever its price drops, it sure to affect the altcoin its trading against

Stable coins are independent on bitcoin and their prices are always stable, they are a good way to protect your coins value in terms of negative sentiments in the market like we are currently experiencing.

[rahmathidayat93]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Independence will always exist if Bitcoin always grows, but if the leader of a coin like BTC experiences a decline, then the people will also experience hunger in the form of a decline, and this is considered very normal for some people in the cryptocurrency world.

[Maestro75]

no, it's just that if bitcoin goes down some people panic and sold their coins since they thought if bitcoin goes down, altcoins will follow, it depends on the project mostly go down because there are things that happen in their community like FUD,

I think this is the part that can lead to what happens whenever Bitcoin dumps and altcoins follow immediately. And this is wrong. I do not know when investors will start to reason differently and act like Bitcoin does not matter that much any more. It is annoying to see altcoins looking well on buy change to sell once there is crash in Bitcoin. The earlier investors stop this, it will be better for everyone.

[Traderbtcc]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Altcoins are not built on bitcoin's blockchain, they all have the blockchains they are built on, e.g Ethereum has its own blockchain and Binance Smart Chain has it's own too, just that the crypto market follows bitcoins price movement, its just like a blow to the leader is a blow to his followers, bitcoin is the first cryptocurrency and also the number one in terms of coin raking, so whenever bitcoin dumps everyone just panic dump whatever altcoins they are holding.

[Fredomago]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

Still relying wt Bitcoin, if not all it's most of the alts. You just mentioned it, once Bitcoin experienced bull run most are green when you look at the market place, but same with the market for Bitcoin is in bear season it's shows a lots of bloodbath around.

Bitcoin still dominating and if in case that there are different direction into any alts roject it's not the majority more on individual updates.

unfortunately bitcoin is and remains the reference point for comparison of all altcoin markets / exchanges as a consequence of this fact bitcoin remains a driver of almost all the altcoins that follow its trail and its changes in value both towards the 'up and down, i personally hope that this situation can change and that the true value of altcoins can be given by their potential on the market and as applications in the various sectors where they are used

Alts that have real case value will soon experienced growth without relying with Bitcoin market, investors will realize the value and
start supporting the project, it will serve as jump start with more holders who are willing to support and hold.

[Twinkledoe]

Altcoins are not built on bitcoin's blockchain, they all have the blockchains they are built on, e.g Ethereum has its own blockchain and Binance Smart Chain has it's own too, just that the crypto market follows bitcoins price movement, its just like a blow to the leader is a blow to his followers, bitcoin is the first cryptocurrency and also the number one in terms of coin raking, so whenever bitcoin dumps everyone just panic dump whatever altcoins they are holding.

But not all alts are following bitcoin's price movement. There are some alts that can move opposite bitcoin's activity. You can see it in their market charts, if bitcoin is going red, some are still going green and vice versa. So that alone, can tell you that not all are dependent on bitcoin's price movement. But a lot are following its activity, most are top alts. And talking about this effect, you can't find a concrete pattern for this behavior, as it changes depending on the condition of the market.

[Princejebs]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Altcoins will always be dependent on bitcoin because that's where institutional investors put money the most. Now tell me, if I were you, when you see the head of the park dieing, will you stand and look or find solutions to the rest. That's exactly how bitcoin and other coins works in crypto space.
Although, there are times you see some Altcoins making upside move even when the market is plummeting. Polygon was heavily pump the last time bitcoin and other Altcoins were going down. This may be due to fomo or updates.

[reza7777]

Not all coins bro, it's just that when bitcoin experiences price drop, everyone panics to sell and that's what causes other coins to seem to depend on bitcoin

[tabas]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

Still relying wt Bitcoin, if not all it's most of the alts. You just mentioned it, once Bitcoin experienced bull run most are green when you look at the market place, but same with the market for Bitcoin is in bear season it's shows a lots of bloodbath around.

Bitcoin still dominating and if in case that there are different direction into any alts roject it's not the majority more on individual updates.

They have their own individual updates but still, this is a market. And the market is tied and bonded with its mother/king which is bitcoin.
The dependency of those related to market cannot be changed but their own progress relies on the developers.

[samcrypto]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Cryptocurrency gives us the freedom that we want away from the government regulations and Bitcoin started it all, and it has been the center of cryptoworld since then and that's why every time Bitcoin down, most of the altcoins are also down because people are converting their tokens/coins into a more stable one so they can buy Bitcoin or any project on a cheaper price. We have to give respect to Bitcoin and seriously, this will be the trend forever as long as Bitcoin remains on top.

[Kopetunto]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

all altcoins follow the path of Bitcoin for now, yes, if you say there is no independence for altcoins of course that is wrong,
because many altcoins are already independent, the change from tokens to coins is what is called independence,
but indeed the price is still following bitcoin because altcoins have pairs in BTC

[Vaculin]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

It wasn't clear that they are all dependent on Bitcoin but somehow if we have noticed that once Bitcoin went down, the majority of altcoins just follow. It found this scenario as many investors leaving and selling their altcoins for the sake that they can catch Bitcoin at a lower price. It was them who make the market just tied up.  I'd never see any changes, this is actually how the market works and we have nothing to do with this.

[Tervelatuk]

of course all altcoin price movements will depend on bitcoin because bitcoin is the mother of all existing cryptocurrencies, when the bitcoin price goes up the altcoin price will also go up, when the bitcoin price goes down the altcoin price will also definitely go down, so bitcoin is the main mover of all existing cryptocurrency prices.

its true altcoin movement rellated with bitcoin direction.but its direction not 100% paralled with bitcoin. we have bitcoindominance rate here, and describe about bitcoin power in marke , it its rate down so altcoin direction will have different with bitcoin. more downside in btcd its good for altcoin. we have to understand about analisys.   

[Sled]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

Nothing has changed, this how the market works. The entire crypto market runs in the same path, when it pumps, everything just pumps as well aside from those shitcoins that have been dead so long.

Though we think that some altcoins are independent, still its momentum just follows on Bitcoin trend. This is not new and I think we need to accept this.

[Alert31]

Because of Bitcoin dominance, mostly altcoins also follow in bitcoins trend but I don't think that all altcoins are dependent in bitcoin. It's already in peoples mind that if bitcoin went down, altcoin will follow that's why they sell their altcoins on this situation. Also I think whales are also the reason behind altcoins trend that's why it always the same as bitcoin.

[Maslate]

I believe it was been clear how altcoins interact with Bitcoin. Not to say that they are all dependent on Bitcoin but most likely it was what we can see since before. Without Bitcoin, I don't know what will happen to the market.
This means that Bitcoin has a huge influence on the entire crypto market and whatever it happens to Bitcoin, the same goes to altcoins as well.

[Sithara007]

It is a very contradictory scenario. On one hand, the altcoins need Bitcoin to survive. And on the other hand, Bitcoin becomes weaker when altcoins increase in value. One of the reasons for the recent correction was the overpricing among the altcoins. But in the end the correction had a bigger impact on Bitcoin, when compared to the alts. Even the most overpriced altcoins such as Dogecoin and XRP seems to have stabilized, while Bitcoin is showing a lot of weakness in terms of major parameters. 

[manggis97]

Its not all the times price action of altcoins depend on Bitcoin. Actually depend on the trend of market, sometimes price of all altcoin triggered by Bitcoin, but in another time, both was move opposite. I have seen when BTC dominance reached 70% , BTC was bullish but altcoin dumped. But that happened in many times is alltcoin depends on BTC, price action of all crypto almost the same, like many whales trade using trading bots.

[Traderbtcc]

Altcoins are not built on bitcoin's blockchain, they all have the blockchains they are built on, e.g Ethereum has its own blockchain and Binance Smart Chain has it's own too, just that the crypto market follows bitcoins price movement, its just like a blow to the leader is a blow to his followers, bitcoin is the first cryptocurrency and also the number one in terms of coin raking, so whenever bitcoin dumps everyone just panic dump whatever altcoins they are holding.

But not all alts are following bitcoin's price movement. There are some alts that can move opposite bitcoin's activity. You can see it in their market charts, if bitcoin is going red, some are still going green and vice versa. So that alone, can tell you that not all are dependent on bitcoin's price movement. But a lot are following its activity, most are top alts. And talking about this effect, you can't find a concrete pattern for this behavior, as it changes depending on the condition of the market.

I was going to add that, but I'm glad you pointed that out, have also noticed that a few altcoins do pump when bitcoin dumps, like when bitcoin dumped from $50k+ to $30k matic was busy pumping hard, I was really surprised honestly, I think maybe there was a good news from matic team, but the pump didn't last for long it dumped back to below a dollar, some altcoins do go against bitcoin price movement at times, but eventually they still end up getting dumped afterwards.

[el kaka22]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Well, it is a bit of a different situation and the answer is not that simple. The "price" is not really correlated exactly, but the emotions are, which means if bitcoin is going down that means there is a reason for bitcoin going down, the simplest reason is the fact that people are selling their bitcoins and that is why it is going down but what is the exact reason for people to sell? If you find that reason you will see that usually that same reason would apply to altcoins as well.

Now they are not one to one tied and usually when one goes down more, the other goes down less, because whatever that reason is usually impacts one more while impacts the other less. You can see bitcoin going down 10% but bnb going down 50%, or reverse bitcoin going down 50% while bnb going down 10%, that is exactly because of that reason. Long story short we are not going to see anything change differently, one goes up and other goes down because the emotions are usually the same for the market.

[J1mb0]

Not all altcoins are built on top of bitcoin, a lot of altcoins have their own distinct foundation and it's even better than Bitcoin.
Coins crash when bitcoin crashes simply because its price revolves around bitcoin.

[MCDev]

Only a handful of coins have been spawned from the Bitcoin fork, and it's not many. The majority of cryptocurrencies today are born on the basis of ETH or BNB.
When bitcoin price drops people often panic and sell their coins, there are many coins traded based on btc so when BTC drops in price other coins also go down.

[chikading2016]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

I think not all coins in crypto market depends on bitcoin some coins are stable even if bitcoin drops massively.Maybe people who are holding altcoins dump thier altcoins because they are afraid that the price of thier holdings also drop same as bitcoin. The only reason that altcoins dropping during bear market is the people who are not holding strong and choose o dump thier coin because they are afraid of lossing.

[indo1]

For now it seems like it's true, because bitcoin is already like the mecca of all existing altcoins. When he dumps, then it's a sign of a whole altcoin, but when he's stable between regular prices, you can take advantage there, because the current movement of bitcoin, down and sideway, so continues for some time.

[aprilnot]

actually it is not correct to call it dependent, but more to be affected by bitcoin. when bitcoin crashes, people's confidence level for hodl will decrease and as a result they prefer to sell to prevent bigger losses. altcoins are always impacted indirectly, but there are cases when bitcoin crashes some altcoins go up. This proves that actually altcoins are independent of bitcoin.

[Psynthax]

Not really, it's just market phschology in general since most of altcoins are paired against bitcoin so when it crashes people also getting afraid of bitcoin making their coin looks less valuable but some of altcoins also not really dependant on bitcoin but mostly are shitcoins that usually stray away from following bitcoin market price movement.
but seriously though, you should consider seeing your asset more in btc value than in dollar value of you truly believe in crypto future since it means you're seeking for future profit rather than despairing at the current bearish,

[trauchot]

Well, in general, most likely it is, because already many years I have been following the cryptocurrency market and the movement of the entire cryptocurrency market, and when bitcoin starts to fall or rise in price, then altcoins also begin to repeat the same movements of bitcoin, but sometimes it happens that altcoins by themselves grow or fall in price and vice versa, the same happens with bitcoin, therefore, altcoins do not copy bitcoin's movements at one hundred percent, but in most cases, of course, altcoins follow bitcoin movements.

[tyz]

It is a very contradictory scenario. On one hand, the altcoins need Bitcoin to survive.

I would say this is a bold theory. No altcoin actually need Bitcoin to survive. It's just that at the moment Bitcoin is the main trading currency to most altcoins and therefore serves as an intermediary tool. You could also say Bitcoin is the USD of the crypto world. But just as in the non-crypto world, where the influence of the Dollar is diminishing, the influence of Bitcoin on the crypto world is becoming more and more limited.

[ilovealtcoins]

Most altcoins are dependent on the movement of Bitcoin. You can see the market moving with Bitcoin in the past days when Bitcoin continuously dropped in price and today when Bitcoin bounced to $35k, altcoins have gradually recovered.
Some altcoins move because of the news and teams that manipulate the value so they chart differently than Bitcoin. Most of them move with Bitcoin as a whole.

[Reid]

It should not be.
I don't know why the hell they are also being dumped after bitcoin is crushed.

It's like whales have every portion in every altcoin that whenever they dump bitcoin they also dump other coins.
Or, could it be a domino effect from fear of other investors with different altcoins, something like that.
But to be precise, there should not be a connection with either one. Every coin should be a stand alone market.

[Ararbermas]

It's impossible to happen but has a possiblity to influence all the cyrpto currency in the market in my opinion, especially in such issue wherein a bunch of holder always going crazy to dump. Indeed when market bitcoin fluctuate those crypto below make a reactions as well in the market.. But this time for sure the reason why most of the crypto currency is affected it's because maybe those whales dump as well in the market after elon's and tesla through bitcoin .. And they're all correct because as you see until now people in the market still panicking because of another fluctuation..

[globalpain]

actually it is not correct to call it dependent, but more to be affected by bitcoin. when bitcoin crashes, people's confidence level for hodl will decrease and as a result they prefer to sell to prevent bigger losses. altcoins are always impacted indirectly, but there are cases when bitcoin crashes some altcoins go up. This proves that actually altcoins are independent of bitcoin.

Much better I think when bitcoin goes down we just stay patient and hold it in,
because in my opinion, sooner or later bitcoin will definitely come back but it's back to each other's decisions,
basically not all altcoins depend on bitcoin we have to know about it

[Cling18]

No, there are lots of potential altcoins that aren't depending on Bitcoin but we can't deny the fact that every event of Bitcoin situation could affect the prices of altcoins. Bitcoin as the father of all cryptocurrencies is too influential that it could also change the whole market situation. Other altcoins could survive alone yet Bitcoin could always affect them in different ways.

[shushu9977]

we know, bitcoin is first crypto-currency in the crypto world and from the beginning, it will the toppest coin always. so maximum coins are follow the bitcoin. But, there are few stable coins which are always hold their position such as Tether, trueusd, usd coin, binanceusd etc.

[Davian144]

actually it is not correct to call it dependent, but more to be affected by bitcoin. when bitcoin crashes, people's confidence level for hodl will decrease and as a result they prefer to sell to prevent bigger losses. altcoins are always impacted indirectly, but there are cases when bitcoin crashes some altcoins go up. This proves that actually altcoins are independent of bitcoin.

Some Altcoins that go up when Bitcoin crashes are stablecoins and coins that are not in the popular category, because all popular Altcoins always follow the Bitcoin market trend and you can prove it when Bitcoin is up and also when Bitcoin is down, all of them will always follow the Bitcoin rally except what I said earlier. So in general almost all Altcoins always depend on Bitcoin.

[xmonkeyx]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

not all, there are some altcoins that move because of the influence made by their own team which has an impact on high demand or vice versa, but many altcoins that follow the BTC trend are also influenced by buyer demand in the market which also attracts investment in altcoins if something happens decrease in BTC.

[sapnu]

If you can see the pattern or the movement of the price of altcoins with relation to bitcoin, you can see that both usually moves in parallel wherein as bitcoin rises, the altcoin rises as well. That may be the case but not all altcoins depends on bitcoins bull run or bear market. There are instances where the success of bitcoin is made because of the influence it made and the success it reached over the years. Mostly they are helped by bitcoin that's why they made it to where they are right now but other times they made it there because of the owner of the currency or the team's perseverance.

[iTradeChips]

Well in my understanding is that not all the time Bitcoin can affect the prices of altcoins. Depending on the trend of the market at the time, there are occasions that the altcoin price can be affected and triggered by the price changes happening in Bitcoin. If you noticed there were trends before that Bitcoin continuously goes up for a few weeks while the alts stay were they were meaning no sudden spike in the alt coins. Now that bitcoin is correcting you see altcoins and some of them are going up even if Bitcoin's price decreases.

[Codecode]

So why almost all crypto follow trends with a BTC when it falls?

[apa don]

not all, there are some altcoins that move because of the influence made by their own team which has an impact on high demand or vice versa, but many altcoins that follow the BTC trend are also influenced by buyer demand in the market which also attracts investment in altcoins if something happens decrease in BTC.

Yes, but what was seen in yesterday's market correction it was very clear that because Bitcoin experienced a very large decline, and at this time Cardano Altcoin was still experiencing an increase but it did not last long because on the next day Cardano also experienced a decline.

[BRABO2]

No, not all altcoins were made upon of BTC, only Bitcoin forks (e.g. BCH, BSV etc) are built upon BTC. But it's doesn't mean all Bitcoin forks will follow Bitcoin price because it's not pegged 1:1 just like Wrapped Bitcoin (Bitcoin in another chain).

Also not all altcoins are following Bitcoin price, it's because of the market condition whether they see Bitcoin pump they believe altcoins will follow to since the market is healthy and vice versa. USDT is the one coin that often do opposite with Bitcoin, because when Bitcoin dump people will sell their Bitcoin to USDT. This will make USDT price higher (a bit pump) since many people have high demand.

Yes,you are right. I am agree with your post. All altcoins Don't depend on bitcoin. it's because of the market condition whether they see Bitcoin pump they believe altcoins will follow to since the market is healthy and vice versa.So,The bitcoin is not the only thing for depending all altcoins.

[7788bitcoin]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

One thing we can very well say that the alt market followed the Bitcoin path and everyone wants to make money and initially it was all about fun coins and majority expecting that it could help them make money but the way the market is moving, everything follows Bitcoin valuation and the market moves along with it and when there is a correction in Bitcoin the entire market falls along with it.

[Vishnu.Reang]

Yeah right, even the project tried to pushed for more but if Bitcoin continue to experienced downfall most of the time alts will follow and also experienced the declined,

Investors are working on every opportunities but if they've seen that the main asset are not performing very well they need to hold on and pause for a while.

Cardano is the best third generation altcoin, in terms of technology. And that justifies it's position as the 5th largest cryptocurrency and the market cap of >$50 billion. But in terms of acceptability, Cardano is lagging behind some of the smaller altcoins such as Litecoin and Bitcoin Cash. Despite the advanced features, the developers haven't succeeded in making this coin very user friendly. They need to learn from coins such as Litecoin, which are really user friendly. We need to remember that less tech savvy users also need to use cryptocurrency.

[LUCKMCFLY]

Absolutely all altcoins if they depend on Bitcoin, the reason is simple, if BTC did not exist, there would be no such market capitalization because most people know Bitcoin.

The alts do not have a life of their own, when BTC falls all altcoins fall, those that rise is because the famous "PUMP" and "DUMP" are applied to them, in the altcoin seasons they occur because BTC is in an uptrend, therefore, at that time all altcoins are in an uptrend.When BTC falls and begins to recover, the ALTS often remains stagnant, it is normal, because investors put their money in BTC not to lose the movement, and after confirmation of the uptrend of BTC is had, then the Investors wait for the first correction and then put their money in the ALTS, in this way the market moves, but absolutely all the atls depend on BTC.

[Kasabus]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

One thing we can very well say that the alt market followed the Bitcoin path and everyone wants to make money and initially it was all about fun coins and majority expecting that it could help them make money but the way the market is moving, everything follows Bitcoin yvaluation and the market moves along with it and when there is a correction in Bitcoin the entire market fallalong with it.

  Bitcoin may create huge impact to the crypto market but in the real sense, not all altcoins are fully dependent on bitcoin. Stable coins have their own path not likely follow the path of bitcoin.

But once bitcoin's value starts to fall, most of the altcoins are experiencing price decline too. The whole market seems to fall apart even when some stable coins still manage to increase their price and survived in the bearish market.

[Ziskinberg]

Well in my understanding is that not all the time Bitcoin can affect the prices of altcoins. Depending on the trend of the market at the time, there are occasions that the altcoin price can be affected and triggered by the price changes happening in Bitcoin. If you noticed there were trends before that Bitcoin continuously goes up for a few weeks while the alts stay were they were meaning no sudden spike in the alt coins. Now that bitcoin is correcting you see altcoins and some of them are going up even if Bitcoin's price decreases.

I agree with that but can't deny that it takes some time for the market to develop, investors are not investing yet in altcoins during that time that is why they are left behind for a few weeks before it finally surges. But for now, investors are making spread their money, Bitcoin and altcoins had the same momentum, Bitcoin dumps and Altcoins are following, the same thing when it pumps. I think this gonna be natural and we can't hide that thing as altcoins are dependent on Bitcoin.

[Cherylstar86]

Most coins on my personal opinion really depends on how bitcoin behaves for its market. One reason is the exchange pair of each asset, that's why price really matters when price goes up and down.
So many traders hope for the best for bitcoin, in order for the domino effect which will carry out the value of every altcoins price.

[huiji2011]

If we just talk about the price, especially when the price of BTC drops, my answer is yes. I don't need to repeat this. Just look at the recent market situation, as soon as the price of BTC drops, all the altcoins also dive. BTC is the cornerstone of the cryptocurrency market, all altcoins are dependent on BTC.

[Crypto Fireside]

Originally Bitcoin brought people in so to speak.
Think of it like a shopping centre, theres that one huge well known, well branded money making giant chain of a store, it brings people in, but while there, they will have lunch, go to a discount store, window shop, maybe try on a pair of jeans etc.
This is how it was with Bitcoin, but I don't think it is that way anymore. You could zap Bitcoin right now, Ethereum would take its place and the world would go on.

[Dread Pirate Roberts]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Well from the first crypto market exist is every altcoin is paired with bitcoin. so it all depends on bitcoin price movements. even though right know most of the exchange they also  paired coin with a stable coin such as usdt, the main price will still be paired with bitcoin.
all altcoin depends on bitcoin. because that's the main thing. unless the coin is really useful for something else. like eth even though it is very useful for other projects the price still depends on bitcoin.

[barbara44]

No, there are lots of potential altcoins that aren't depending on Bitcoin but we can't deny the fact that every event of Bitcoin situation could affect the prices of altcoins. Bitcoin as the father of all cryptocurrencies is too influential that it could also change the whole market situation. Other altcoins could survive alone yet Bitcoin could always affect them in different ways.

That basically shows that all the tokens are still living under the shadow of Bitcoin. There has never been an altcoin that can retain its value when the price for Bitcoins is falling hard. I seriously doubt the altcoin market can survive without their boss bitcoin.

we know, bitcoin is first crypto-currency in the crypto world and from the beginning, it will the toppest coin always. so maximum coins are follow the bitcoin. But, there are few stable coins which are always hold their position such as Tether, trueusd, usd coin, binanceusd etc.

I don't think we can bring stable coins in this discussion because most of the stable coins are backed by fiat and hence they aren't decentralized so their price is controlled by the owners. Secondly, stable coins don't even jump when the whole crypto market is going huge. One thing to note is that stable coins have no market once the altcoins/bitcoins market is gone. No one would buy a USDT unless they have a pair to trade.

[Jawhead999]

-snip-

USDT is a stable coin. It has nothing to do with the question the OP asked. USDT is supposed to be equal to 1, no matter what...

USDT is an example there's a coin that not dependent on Bitcoin, even though USDT equal to $1 it doesn't mean the price 100% always $1, you should check in Coinmarketcap USDT hit ATH $1.21 and the lowest $0.89

I would say that indeed 100% of the coins are somehow dependent on Bitcoin. Usually under any circumstance, if Bitcoin crashes really hard 100% of the alt coins follow.

Wrong.
Not 100% coins will follow Bitcoin, are you never check other cryptocurrency price and compare with Bitcoin?
Open Coinmarketcap right now, even though Bitcoin is pumping +8% there's many altcoins is dump -8% (e.g. Theta fuel, Internet Computer etc)

Tl;dr Most altcoins will follow Bitcoin, but not all.

[jaberwock]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

There are coins that are BTC forks like Bitcoin Cash but most of the tokens are built either on Eth or have their own independent blockchain. The reason why all the coins drop in value when Bitcoin falls might be because it reflects the current condition of the crypto market as a whole. Also when Bitcoin drops some traders stop buying almost any coins while there are traders who want to take no further risks and sell their coins.

Secondly, every coin has its pairs in BTC and if BTC is dropping they are designated to drop too. If a coin was trading for 100 satoshi in the BTC pair and suddenly BTC drops, that would also cause the coin to drop because ultimately the pair will remain at 100 satoshis but the USD value dropped. The thing that concerns me a bit is why coins didn't rise when the BTC was pumping hard earlier this year.

[dexter141]

 I think yes, all altcoins depend on bitcoin, when bitcoin falls, the whole altcoin market also falls in price. This can be observed even now.

[Ekyfitri]

I think yes, all altcoins depend on bitcoin, when bitcoin falls, the whole altcoin market also falls in price. This can be observed even now.

it all also depends on the growth trend shown by the market.
if you look at what happened in 2018 and 2020. then you can see how BTC is growing on its own with very strong market dominance adoption.
Altcoins can't do anything. they waited for BTC to stabilize but it didn't get it.
all controls are in the market. and the community also determines how the altcoins will follow the BTC trend or create their own trend.

[carlisle1]

Most coins on my personal opinion really depends on how bitcoin behaves for its market. One reason is the exchange pair of each asset, that's why price really matters when price goes up and down.
So many traders hope for the best for bitcoin, in order for the domino effect which will carry out the value of every altcoins price.

Bitcoin is also called the mother of altcoins, of course this designation has a huge impact on the market,
Bitcoin goes up altcoins can also go up, Bitcoin goes down altcoins also go down, this is why Bitcoin has always been the mother of altcoins,
nothing can solve this problem, and this problem will change itself according to the cycle later, and if the altcoin cycle or called altcoin season,
of course Bitcoin and altcoins will have different views

Always a domino effects, once Bitcoin start its way to pump high expect that the entire market will
see green if not all the coins but most that have active developers will see the money flowing around.

Just need to accept the fact that each time the market turned sides Bitcoin is the very first that will experienced the momentum then alts will follow.

Take time to research and make sure that you have your own views in regards to your expectations inside the market.

[Renampun]

we often see when the price of bitcoin starts to rise, the majority of popular altcoin prices also go up or vice versa, bitcoin price movements in general can affect altcoin prices because bitcoin is the main currency in the crypto market that is very often used, for example altcoins tend to fund bitcoin operations and bitcoin too tend to fund altcoins, with this relationship of course bitcoin will affect the price of altcoins.
But keep in mind this kind of correlation will not always be precise in the future.

This is called the domino effect...

investors will be interested in buying Bitcoin when the price moves well then when they feel the bitcoin price is high then they will see altcoins too. they will buy Altcoins that they feel are still much cheaper than Bitcoin, and vice versa.

[Bitcoinjheta]

Bitcoin is the leading coin of the market once the value will goes up and down movement the altcoins also affect its value because of the exchange pair of asset which relation are correlated to each other.

[1l1l11ll1l]

Bitcoin is the leading coin of the market once the value will goes up and down movement the altcoins also affect its value because of the exchange pair of asset which relation are correlated to each other.

Because almost the entire crypto community around the world is formed because of bitcoin. bitcoin is the first fundamental for the crypto community that is able to attract people's attention, even though its dominance is changing, but nothing will be able to eliminate the fact that the first crypto that became familiar was bitcoin

[Farma]

as far as I know, and based on my experience, yes. bitcoin really affects the price of altcoins other than stable coin. However, altcoin prices always move when the bitcoin price goes up or down. Well, most altcoins are like that, no matter which platform they are on.

[acdc]

I think there are no coins that work on the platform of Bitcoin, only some coins are created from the fork of this coin.
Bitcoin is the king of the cryptocurrency market so when it drops in price it creates a market effect that causes other coins to fall.

[alan228]

Most coins on my personal opinion really depends on how bitcoin behaves for its market. One reason is the exchange pair of each asset, that's why price really matters when price goes up and down.
So many traders hope for the best for bitcoin, in order for the domino effect which will carry out the value of every altcoins price.

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

[dhemasm]

I think there are no coins that work on the platform of Bitcoin, only some coins are created from the fork of this coin.
Bitcoin is the king of the cryptocurrency market so when it drops in price it creates a market effect that causes other coins to fall.

Well i suppose bitcoin source code was the main refrence for almost all altcoin even though it's not forked from original Bitcoin source code, For the price itself i agree with you, Bitcoin is the standard on the crypto market and when it's dump then everything will going to dump too expect Stablecoins, Well that just how the market works.

[jostorres]

So why almost all crypto follow trends with a BTC when it falls?

I will share my perspective and I might be wrong. According to my observation, when the BTC is dipping or a bear run is going on it doesn't reflect the Bitcoin market alone but the whole crypto (altcoins included) market. It is similar to how the share market is down at times and during those times every share will drop barring a few big ones. Similarly when a bear run approaches almost every coin goes down and hence during a bull run every coin benefits too unless you had invested in a meme coin.

All the coins and tokens are interconnected because they together form the crypto market and hence even if they are created in isolation, they are still dependent on each other for their value.

[bamb]

For now,  altcoin is still very dependent on bitcoin price.  The major reason for this is because bitcoin is the first Cryptocurrency and the most popular and prefer! Bitcoin is fully decentralize and can not be fully control by individuals or group of people!  As soon as altcoin like ethereum is fully decentralize and trusted like bitcoin,  we will see altcoin decoupling from bitcoin in price and in volume!

[KingsDen]

The thing that concerns me a bit is why coins didn't rise when the BTC was pumping hard earlier this year.

Thank you very much from this side. When people keep saying Domino effect and sought of things. Why didn't this effect work for altcoins when BTC was pumping very high. Or is there some concept of it that is latent?

[topbitcoin]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Maybe the simplest way is most of altcoins in exchanges is paired with BTC. And then if BTC dropped, altcoin price also dropped because although value in BTC is same, but value in fiat is dumped. Maybe if not want this to happen, make sure the dev pump their alts when price of bitcoin dropped so it can stable or maybe can be above from before.

[bayu7adi]

Maybe the simplest way is most of altcoins in exchanges is paired with BTC. And then if BTC dropped, altcoin price also dropped because although value in BTC is same, but value in fiat is dumped. Maybe if not want this to happen, make sure the dev pump their alts when price of bitcoin dropped so it can stable or maybe can be above from before.

In some cases, altcoins can't keep up with Bitcoin's price when it's bullish. It may be that the rate altcoin investors use is against FIAT, so the ALTCOIN/BTC rate will go down, but the ALTCOIN/FIAT rate will stay the same.
And generally, when the Bitcoin price crashes, the ALTCOIN/BTC rate will go down, and the ALTCOIN/FIAT rate will go down too.

Not all cases are like that, but I see this kind of case more often.

[Maslate]

Maybe the simplest way is most of altcoins in exchanges is paired with BTC. And then if BTC dropped, altcoin price also dropped because although value in BTC is same, but value in fiat is dumped. Maybe if not want this to happen, make sure the dev pump their alts when price of bitcoin dropped so it can stable or maybe can be above from before.

In some cases, altcoins can't keep up with Bitcoin's price when it's bullish. It may be that the rate altcoin investors use is against FIAT, so the ALTCOIN/BTC rate will go down, but the ALTCOIN/FIAT rate will stay the same.
And generally, when the Bitcoin price crashes, the ALTCOIN/BTC rate will go down, and the ALTCOIN/FIAT rate will go down too.

Not all cases are like that, but I see this kind of case more often.

Not entirely true, the last bull run when bitcoin hits its ATH, some altcoins are also hitting their ATH, like ETH and BNB, and Cardano, these coins are very profitable that investors made a lot of money from it. Maybe at the start of bitcoin bullish run, altcoins does not react right away, but once it continues to pump, break its ATH after ATH, then the FOMO will come, not only on bitcoin but on altcoin as well.

[Stedsm]

I told this before and I'll again tell this. There are only a very few base currencies like BTC, TRX, ETH, BNB, etc. in which the value of altcoins is measured. But majority belongs to BTC and when it is bought, alts are bought because their price will automatically increase and so is the case for the decline. So I do believe that yes, there is a lot of dependence of alts over Bitcoin.

[bayu7adi]

In some cases, altcoins can't keep up with Bitcoin's price when it's bullish. It may be that the rate altcoin investors use is against FIAT, so the ALTCOIN/BTC rate will go down, but the ALTCOIN/FIAT rate will stay the same.
And generally, when the Bitcoin price crashes, the ALTCOIN/BTC rate will go down, and the ALTCOIN/FIAT rate will go down too.
Not all cases are like that, but I see this kind of case more often.

Not entirely true, the last bull run when bitcoin hits its ATH, some altcoins are also hitting their ATH, like ETH and BNB, and Cardano, these coins are very profitable that investors made a lot of money from it. Maybe at the start of bitcoin bullish run, altcoins does not react right away, but once it continues to pump, break its ATH after ATH, then the FOMO will come, not only on bitcoin but on altcoin as well.

That's why I say this:

Not all cases are like that, but I see this kind of case more often.

It all depends on the trend that is being brought by economic conditions. When the news comes to all cryptocurrency assets, then BTC and ALT will go up, but when good news comes only to BTC, then Bitcoin will obviously go up, whereas Altcoin is not necessarily up but has the possibility to follow Bitcoin. It all depends on the news and market movements.

[Darktongue]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

You missed the time of Litecoin Halving in 2019. The graph was literally up then crashed when Bitcoin price stable. Very few altcoins don't follow the Bitcoin trend that I properly saw in the last bullran. After the bullrun, Bitcoin dropped 6-7 times when aliens fell dip 3-4 times. Overall, we can directly say that altcoins are following Bitcoin price. Even the altcoins marketcap also increases as Bitcoin market capitalization.

[MauJohn21]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Not all but when BTC does tip, it drags a lot of them down with it. That's why I use DIVI to stake so I can still earn

It is normal that there is a certain interdependence between cryptocurrencies because their value is determined based on supply and demand within the sector. The influence of BTC is based on its age, so it makes sense that it affects both when the price rises and when it falls.

Given this scenario, it is worth targeting functionalities within cryptocurrencies to minimize losses despite the changes. A good option is to do staking with Divi, it allows you to generate passive income that will always be an added value.

[wajik-tempe]

It's literally not dependent but bitcoin is most known cryptocurrency with highest market cap of all time. So, indirectly people will set the benchmark of coins they hold to bitcoin itself. If bitcoin's price is crashing, other coins is likely to crash also. Usually the price of altcoins is rising when bitcoins price is stagnan.

[HyunBin]

I don't think that all altcoins are dependent on bitcoin but only those alts whose fork with bitcoin such as BSV and BCH. However, I think the main reason why altcoin goes down or up as bitcoin price move is because of the people whose either accumulating when its pumps or panic selling when markets dump.

[irsada]

Not all depend on bitcoin in my observation only altcoins that have a large Marketcap that will have an impact on bitcoin price changes because they are directly paired with bitcoin, whereas there are some altcoins that have a low Marketcap mostly countercurrent to bitcoin because they are easily pumped by some whales

[sumant]

No I disagree this sentence. I don't think all altocoins are totally dependent on bitcoin. we can see dump in altocoins when bitcoin crash but same time money extract from bitcoin can take off some altocoins as well. Some altocoins will definitely go up when bitcoin crashes. in my experience it very difficult to sell when bull run is going and very difficult to buy when crashing happens Beacase we don't understand high and low point of a chart very easily.

[FairUser]

Not all depend on bitcoin in my observation only altcoins that have a large Marketcap that will have an impact on bitcoin price changes because they are directly paired with bitcoin, whereas there are some altcoins that have a low Marketcap mostly countercurrent to bitcoin because they are easily pumped by some whales

If I look at the price perspective, I have a different thought that all altcoins in the market are being heavily influenced by BTC. Everything started when BTC showed signs of growth, and it dragged the entire market along, but OP is taking it in a different direction. However, for me, the influence between BTC and altcoins is always happening.

[TmHsHel]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

I read this article about Crypto Arena. Now there are many cryptocurrency exchanges, but they have not only their advantages, but also disadvantages. It is good that CryptoArena has proposed a new approach to exchanges and created a hybrid exchange.

[DOH!]

It is definitely not true that altcoins are dependent to bitcoin maybe some altcoins whose fork with bitcoin but not all. Also, I think that the main reason why most of the time when bitcoin goes down sometimes altcoins goes down as well is because of the panic seller to tend to be weakhands and get shaken' every time the market crashes.

No, I don’t think so. Under normal conditions, most altcoins depend on the state of bitcoin - the king of the market.  Basically, it's what makes the rules.  Except for phenomena with very strong fomo there will be a little difference, but it has to happen.  Many people still do not realize the reality of the power of bitcoin.

[coiner-88]

Bitcoin siphon they accept altcoins will follow to since the market is sound and the other way around. USDT is the one coin that regularly do inverse with Bitcoin, in light of the fact that when Bitcoin dump individuals will offer their Bitcoin to USDT. I couldn't say whether there's somebody can advise and disclose that it's difficult to happen particularly on the present circumstance at this moment.

[sxj859123]

not all and not all the time but most depend on bitcoin when it goes up or down only some don't go up or down at the same time due to a certain reason, for example when the market goes down but a coin will hold an event that makes the price of the coin go up even though the market conditions are down even though not too high due to market conditions.

good

[Codecode]

I believe that most crypto holders believe that market tends to follow bitcoin, so when it dumps everyone selling their assets, although they have nothing to do with BTC.
If we look at a recent BTC huge dump - mostly all cryptos dumped too.

[muratsink]

All altcoins depend on bitcoin, when bitcoin crash just see altcoin crash more lower price than bitcoin, example when bitcoin going down about 5% altcoin can be more 20% dump and always happen every time when bitcoin dump. Never have any time altcoin dependent and keep waiting with their self when bitcoin dump.

[sana54210]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Looking at right now, we can see that bitcoin reached a higher price today whereas altcoins didn't do that. Which shows you that it doesn't always move together, of course there are times when it does move better but the reality is that we have two different stuff, altcoins and bitcoin doesn't always move together.

However another important question is that "does altcoins impact altcoins" because when you look at it you can see that sometimes one coin moves up or down all by itself but there are many times when all altcoin market moves up or down together, and that is a risky thing. However that is also true for stock markets, stocks do move up or down individually as well as a whole market too, and I would rather not have that in crypto, I would rather have them be all independent from each other.

[zonefloor]

Bitcoin is the first point of departure for the cryptocurrency world. As a matter of fact, even now, many investors come to invest in the crypto money world under the name of bitcoin. In fact, when you say altcoin to the first investors, they don't understand and ask you what happened to your bitcoin investments. I told this because the vast majority of investors make their investments according to bitcoin's rises and falls. While not all altcoins are addicted to bitcoin, they are certainly dependent on bitcoin's influence due to its ups and downs.

[lalabotax]

In what relation did you mean?
If it is about the dependence price of altcoins on Bitcoin, I think that Bitcoin really can influence the crypto market condition. Although there are probably some altcoins that are independent of BTC price, both drop or pump, in fact, most altcoins will be very influenced by the market condition of BTC itself.
So far, we have already known that when Bitcoin suddenly rises, the altcoins will be going down. And this influence can be seen from the previous market crash where the altcoins also is following BTC, in that kind of condition.

[memyselfandi]

Most of them but not all. But bitcoin has a huge contribution with regards to altcoins movements that is why it is called as "mother of cryptocurrency". But based on the performance of crypto marlet for the past few years, there are times that bitcoin and altcoins has different market trend.

[DatKing]

Altcoins are not directly dependent on Bitcoin but indirectly. Bitcoin has an incredible dominance in the market and it is one of the biggest factors that the movements of Bitcoin price affect the market also. It was going to be the same if it was a different coin.

[KennyR]

I'm not big expert to state the market situation or the growth pattern, but upon the market variations it is true that altcoins are highly dependent on bitcoin. The marketcap plays a vital role in each and every cryptocurrency's price movement. This somehow gets connected with the bitcoin.

Right now we've got access to direct buying of altcoins, earlier if you're in need of buying altcoins you can buy it only through bitcoin. We've got more easier access now through direct buying, but the dependence will be there forever.

[nurilham]

Not all coins are decreasing once Bitcoin drops its value in the market. Instead, USDT and other stable coins are increasing because many people buy them. I have seen the opposite situation on stable coins on the last few corrections. It is true if all crypto coins are influenced by Bitcoin, but it doesn't mean all coins drop together with Bitcoin. Stable coins can have a different condition, you need to note this bro @KingsDen.

[capokmerah]

In fact, what we can see, we can say yes, we can say no. why do i say that? there are some Alts experience that they are completely independent of BTC, they seem to stand alone without anyone caring about BTC price movements, USDT for example. when the price of BTC fell we saw many of the alts also experiencing the same thing, it happened because of the mass panic of some crypto elements as they took a stand on the alt they were holding.

[Nekonoid]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

Publications in the press are very important for the promotion of any project. The fact is that the press is read by a large number of people and this is a great chance to express yourself.

[lepbagong]

In fact, what we can see, we can say yes, we can say no. why do i say that? there are some Alts experience that they are completely independent of BTC, they seem to stand alone without anyone caring about BTC price movements, USDT for example. when the price of BTC fell we saw many of the alts also experiencing the same thing, it happened because of the mass panic of some crypto elements as they took a stand on the alt they were holding.

As far as I know, all altcoins, including any coin, will definitely be affected by bitcoin, as you said, even a stable coin like USDT will also be affected, but because it is pegged to $US, if there is a difference, it will be very small. but all altcoins are sure to be affected by bitcoin, ethereum which has been with bitcoin for a long time and hasn't been affected by bitcoin for a while, is finally getting involved.

it's hard to avoid the fortunes of bitcoin for every altcoin movement, it seems it's destined to always depend on what happens to bitcoin. yes, we have to understand that because the market cap of bitcoin is very high, besides maybe ethereum which might be able to catch up with bitcoin, the others are still too far apart.

[SacriFries11]

not all and not all the time but most depend on bitcoin when it goes up or down only some don't go up or down at the same time due to a certain reason, for example when the market goes down but a coin will hold an event that makes the price of the coin go up even though the market conditions are down even though not too high due to market conditions.

Yes, I agree but it doesn't mean that the price of the altcoin cannot dump. Most of the cases that the price of certain altcoin dump after the pump already finish. The price of BTC  goes up but altcoin pump then when the price of BTC recovers the price of altcoin dump. It cannot avoid the fact that the price still dump when they need the correction. Major upgrade and good news happen to certain token trigger the price to increase even the price of the BTC goes down but a lot of cases that the price of BTC affects majority of the altcoins so it's very important that we have fundamental analysis in BTC to make us aware when the price will go up or down.

[muratsink]

Bitcoin become great way and build many altcoin price touch all time high after bitcoin success break above $60k last two month, and get feedback after bitcoin crash and down give impact for altcoin going down, many altcoin holder panic when see bitcoin dump and they sell assets with panic moment without waiting after bitcoin recovery.

[Smitty Werben Man Jensen]

I think it's true, for now altcoins are under pressure from Bitcoin in terms of price,
it is very clear today Bitcoin is dropping -10% and altcoins are following it, of course it all depends on bitcoin,
but there was a time when altcoins were not dependent on bitcoin, it was called altcoin season,
yes still waiting for it to come, so don't miss it, accumulate your favorite altcoins

[CapGelatik]

Not all altcoins are made from BTC, but for now the movement of the altcoin market seems to depend heavily on the value of bitcoin, whether this is because of panic by investors who hold altcoins or indeed bitcoins that play a role in the crypto market, bitcoin is indeed the king of all crypto so its role is also a little influential in the market.

I think it's been a long time that the movement of altcoins is influenced by bitcoin as well,
although it's not all but after all the role of bitcoin can be said to be very large,
and maybe it can't be separated from bitcoin being the top coin

[conected]

Most of them but not all. But bitcoin has a huge contribution with regards to altcoins movements that is why it is called as "mother of cryptocurrency". But based on the performance of crypto marlet for the past few years, there are times that bitcoin and altcoins has different market trend.

- Agreed, in bitcoin movements, we sometimes see a few altcoins that may not cooperate with this movement, they show individual styles but that's just a little hype to make money while bitcoin is messing with the altcoin market, but this period of non-cooperation is relatively short, almost every day they will be replaced by other altcoins. Maybe when we look at altcoins in reality, there is no concept of total dependence but when we look at it holistically, altcoins that depend on bitcoin are everything, this cooperation has been forced and has been associated since the birth of altcoins

[memyselfandi]

Most of them but not all. But bitcoin has a huge contribution with regards to altcoins movements that is why it is called as "mother of cryptocurrency". But based on the performance of crypto marlet for the past few years, there are times that bitcoin and altcoins has different market trend.

- Agreed, in bitcoin movements, we sometimes see a few altcoins that may not cooperate with this movement, they show individual styles but that's just a little hype to make money while bitcoin is messing with the altcoin market, but this period of non-cooperation is relatively short, almost every day they will be replaced by other altcoins. Maybe when we look at altcoins in reality, there is no concept of total dependence but when we look at it holistically, altcoins that depend on bitcoin are everything, this cooperation has been forced and has been associated since the birth of altcoins

Yes, mostly those are the pump and dump coins. But sometimes a certain coin have its own trend because there are some announcements or some exchange listings that affects the market price movement.
That is one reason why crypro market is more easily predicted way back 4-5 years ago compare to the current. Each year passed by the market became more diffucult to read and analyze, compare few years ago wherein you can actually predict the market just by analyzing btc alone.

[Emmychris]

Altcoins aren't built on bitcoin, most of  them run on a different blockchain network. Bitcoin seems to control the movement of altcoins  not because altcoins are linked to it or altcoins doesn't have freedom, it's because of the belief crypto lovers have for bitcoin which is when there see bitcoin pumping there believe the market is in a good situation and there start buying altcoins, this is why when bitcoin pumps all other coins pumps and when it dumps all other coins dump.

[purka5]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

CryptoArena’s Novel Self-Decentralized Exchange Puts Users First. It is good that technologies are developing and new types of hybrid exchanges are emerging that combine the advantages of DEX and CEX and at the same time devoid of their disadvantages.

[muratsink]

Altcoins aren't built on bitcoin, most of  them run on a different blockchain network. Bitcoin seems to control the movement of altcoins  not because altcoins are linked to it or altcoins doesn't have freedom, it's because of the belief crypto lovers have for bitcoin which is when there see bitcoin pumping there believe the market is in a good situation and there start buying altcoins, this is why when bitcoin pumps all other coins pumps and when it dumps all other coins dump.

Yes, but it seems that all Altcoins are very dependent on the Bitcoin market because everyone can see it at the time of the correction and when the pump occurs, it is generally unrelated but they are all very tied to the Bitcoin market so everyone should always monitor Bitcoin first to ascertain market conditions.

Altcoin need with bitcoin when bad news or issues about bitcoin banned in some country get impact with altcoin drastically dump, never have any bad news for bitcoin to see altcoin keep strong and depend without any news from bitcoin. Never any hope with bitcoin can depend with their self always need good news from bitcoin and see altcoin keep break out.

[Pamadar]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Altcoins have their different blockchains which they are built on, bitcoin is not like other blockchains (e.g Eth, bsc, dot) which can allow altcoins to build on it, but one thing bitcoin did was to provide the code on how to create another blockchain, which is where altcoins are generated from, altcoin crash has nothing to be with been built in bitcoin, they crash because bitcoin price movement affects the market alot, if bitcoin is dumping almost all altcoins will just follow and vice versa whenever it's rising,with that said I think altcoins depends on bitcoins.

Because of the main fact that most of those investors if not all are influence by Bitcoin,

If they see selling pressure from Bitcoin the first thing in mind is the market will crashed they'll ride with the momentum and bring
more dump to any alts that they are investing with, sad thing still remain Bitcoin control the market and the direction where it's
heading is the same way the alts will go along.

[BlackFor3st]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

I'm not really that sure but I think one of the reason I can find is because most of the altcoins were paired with Bitcoins for example Ethereum/Bitcoin, Litecoin/Bitcoin and many more so when the price of the Bitcoin crashes the other pair crashes too though I'm not really sure if this is the case or maybe people panicked that the foundation coin crash they sell their altcoins.

[Kelvinid]

Well, it is pretty obvious and only shitcoins don't follow the trend of Bitcoin but the rest are on the same path, that is what I can see with them.

If I have a plan to buy altcoins, I look first on the Bitcoin market chart. believe me or not, it seems to be effective and helps me a lot. But even though we think that altcoins are following Bitcoin's trend, still we can never be confident enough that we can't be wrong. Yes, the market still unpredictable.

[santiPOGI]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Perhaps not all altcoins are dependent in Bitcoin, because as long as there is a project development in the altcoins even the price of bitcoin drop in the market surely the price can able to increase the price in my own opinion. Although I cannot deny that the majority of the alts are really depend in the price of Bitcoin.

[nurulhmani1280wat]

Yes, that's right, bitcoin is the king of all altcoins in the crypto market, and they have to follow its movements, including price up/down and almost all altcoins are subject to it

[Dexion]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Actually there is no real connection between altcoins and BTC, the easy description is like this, when BTC decreases, people will start to put altcoins aside or even sell them to switch to buying BTC, this condition causes a decline in Altcoins because of the large number of assets being sold.

[Mpamaegbu]

I don't think it's because altcoins are directly dependent on Bitcoin that causes that situation described but the altitude of investors and traders. We like to think that once the sure bet Bitcoin is dumping, obviously investors will want to also take out their profits from alts. For instance, I always like to monitor Bitcoin chart to make decision on altcoins I'm interested in acquiring. Nope, it's not like I don't watch the charts of those altcoins at all. But knowing that Bitcoin is dumping gives me an idea to be weary of buying any altcoin ATM. I see it as a ripple effect of Bitcoin on alts, though there are a few exceptions. It doesn't always work that way for all alts. Besides, Bitcoin has been in red since last week but Tfuel is soaring like nothing reddish is happening.

[Nekonoid]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

CryptoArena’s Novel Self-Decentralized Exchange Puts Users First. It is good that technologies are developing and new types of hybrid exchanges are emerging that combine the advantages of DEX and CEX and at the same time devoid of their disadvantages.

Now the tokens of crypto exchanges are actively growing in price, as the exchanges are very popular and the trading volumes on them are growing very much. It is good that there are new types of exchanges such as hybrid exchanges.

[Mr.Scott]

Since the entire crypto market is dominated by bitcoin, the price of altcoins will depend on bitcoin, and most have been like that for a long time, but some coins may not be as dependent on bitcoin prices as stable coins and another coin.

This is very obvious, alternative market are following Bitcoin move. In bull season any shitcoin maybe outperforming, but in general some coins dependent on Bitcoin. Bitcoin downtrend could down entire altcoin market so easily, this is real sentiment most of altcoins since Bitcoin is king of crypto market.

[huu78]

not all but most of the altcoins follow the movement of the btc price, but some altcoins will rise higher or lower than other altcoins because the development and use of each altcoin is different, so altcoins that go up are good altcoins and are widely used and have good reviews.

[kurniawan05]

Almost all altcoins have a connection with BTC, at least BTC pairs on exchanges, that's why if BTC goes up or down it will have a big effect on the price of the Altcoin, unless the altcoin has a major update or announcement.

[secretgirl]

Not all altcoins are built on basic bitcoin and rely on bitcoin. I take the example of a popular altcoin namely ethereum, ethereum using their own blockchain technology. but indeed most of the movement of altcoins follows the movement of bitcoin. according to my own reasons, why it can be like that because bitcoin is the first, the popularity of bitcoin is in the highest caste, the volume and liquidity of bitcoin is the highest of all altcoins. for this reason the movement of bitcoin has the power to affect other coins, so that when the price of bitcoin falls, other coins also fall.

[Digital_Lord]

No all altcoins do not depend upon BTC. They increase decrease on their own potential.
Nowadays BTC dominance has decreased you can see today BTC increased 10% but many altcoins do not follow Bitcoin. They are still at their position.

[leatutz]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Today's marketcap is totally different than another time and I really don't know what happened in the middle of this day. Fiat currency always has stable value because of the government. Our biggest trust coin is bitcoin. Of course, the whole market is dependent on Bitcoin. But I know some coins pump during the Bitcoin dump to keep the USD price stable.

[isaac_clarke22]

~

Differs but sometimes it is that "common" crypto mindset that most people tend to have.
The big ones goes down and same goes for all the other.
I wouldn't say that Ethereum purely follows BTC but that common mindset as coins in the top are quite common, ya know?

[dimonstration]

not all but most of the altcoins follow the movement of the btc price, but some altcoins will rise higher or lower than other altcoins because the development and use of each altcoin is different, so altcoins that go up are good altcoins and are widely used and have good reviews.

Good altcoins were actively traded, it have supporters like BTC which have plenty of users. It may not be fully dependent in BTC but it must need to survive the test of time especially when the price of crypto is isn’t on pump. Most altcoins were not available able to survive during bear season.

[Fredomago]

not all but most of the altcoins follow the movement of the btc price, but some altcoins will rise higher or lower than other altcoins because the development and use of each altcoin is different, so altcoins that go up are good altcoins and are widely used and have good reviews.

Good altcoins were actively traded, it have supporters like BTC which have plenty of users. It may not be fully dependent in BTC but it must need to survive the test of time especially when the price of crypto is isn’t on pump. Most altcoins were not available able to survive during bear season.

Bear season is the best way of testing project, eventually those scam project died after losing interest from any investors.

While those coins which have good foundation, supporters are wiling to keep it and even there's  a huge red market those people who trust the team and the developments of the project are willing to wait for more progress.

Knowing that after some time, when project succeed the value will rise more and it doesn't need to depend from Bitcoin but
with the system and usages that it brought to the market.

[harizen]

Let's face the reality folks. Not all altcoins but the majority of them are being driven by the price of BTC.

Looking at coin performance, you can see it there clearly how coins are reacting to BTC price movement.

Everytime BTC is on bearish mode, expect that the majority of altcoins will follow. Honestly even sometimes BTC is making an uptrend, other altcoins can't even follow so what's more if the trend is a downtrend. I also don't believe in those old sayings that there's an altcoin season while BTC is on bearish mode. There might some coins or tokens that will surprise us for a big price change but surely, that was a manipulated coin.

[Bertyda]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

CryptoArena’s Novel Self-Decentralized Exchange Puts Users First. It is good that technologies are developing and new types of hybrid exchanges are emerging that combine the advantages of DEX and CEX and at the same time devoid of their disadvantages.

The popularity of cryptocurrency exchange tokens is due to their growth, so investors pay close attention to cryptocurrency exchange tokens, especially if the exchange offers a new technology.

[nikita2020]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

The popularity of cryptocurrency exchange tokens is due to their growth, so investors pay close attention to cryptocurrency exchange tokens, especially if the exchange offers a new technology.

With the growing popularity of cryptocurrencies, trading volumes on exchanges are also growing. It is good that there are new exchanges that provide more opportunities and tools for trading.

[Gayong88]

This is what makes it different. In recent days the market price movement has shown a good improvement but has not been able to break the resistance, today the correction occurred again.

[SFMHodler]

No, even the big ones move with bitcoin.

[covfefe_]

Not directly. Still a lot of coins are paired against bitcoin for trade but the ultimate reason for whole crypto market to move in a direction is market sentiments. It's not just the crypto market, even the stock market follows the same trend. When there's a few prominent stocks falling, the whole market would move down. And a good news for a prominent stock and the whole market goes green.

[Ekyfitri]

This is what makes it different. In recent days the market price movement has shown a good improvement but has not been able to break the resistance, today the correction occurred again.

you will be more surprised to see a deeper correction if it occurs now. because the improvements made by BTC at this time also failed to break all the expectations of investors who were waiting for its momentum.
of course, what happens to the BTC correction will make most altcoins also feel the correction.
I am afraid we will meet with a very deep correction for this month. we have to be prepared.

[posporo]

In my opinion, even though Bitcoin doesn’t concerns other altcoins when the price of it drops, it could still affect the other altcoins because of the flow of the market. Right now, we are having a bearish season and I think the coins that doesn’t concerns Bitcoin drops in this red days so all altcoins could be dependent on Bitcoin.

[smartaction]

Bitcoin and Altcoin totally different. But bitcoin is world first crypto-currency. So when bitcoin price goes down. Lot of  people panic and convert there Altcoin with USDT. So along with Bitcoin, the price of all Altcoins also start dumping

[PIR]

Some of Altcoins affect their price when Bitcoin down, but other Altcoins remain their price and some of them continue increasing. Maybe many of altcoins pair in Bitcoin, but some altcoins not affect like USDT, they stable and sometimes they increase a little bit when Bitcoin is down.

[onecall123]

Bitcoin and Altcoin totally different. But bitcoin is world first crypto-currency. So when bitcoin price goes down. Lot of  people panic and convert there Altcoin with USDT. So along with Bitcoin, the price of all Altcoins also start dumping

It's well known fact, all relies upon Bitcoin. If Bitcoin is doing shit, alts can't do anything. Practically the entirety of the alt-coins are simply reflecting Bitcoin, or at least ETH. Closely monitor few altcoins, they are literal representations of one another. Since Bitcoin lost it bull move, just leave it and try not to check at regular intervals.

[Kez1817]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Bitcoin is the king of all crypto and I was not surprised if altcoins will follow in bitcoin trend. So, if bitcoin dropped, almost all alcoins also dropped  which is good opportunity to buy both bitcoin and good altcoins. If bitcoin pump of course altcoins also follow which is good profit if you not missed to buy in dip.

[Garsipop]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

With the growing popularity of cryptocurrencies, trading volumes on exchanges are also growing. It is good that there are new exchanges that provide more opportunities and tools for trading.

It is good that now there are new hybrid exchanges that help to combine the advantages of DEX and CEX exchanges and at the same time are devoid of their disadvantages.

[evilgreed]

               Most of the time, yes. I cannot say all since I never looked at every single coin in this industry yet nor do I plan to, but what I can say is that in all my years in this industry since 2016, I have never seen any alternative coin that has maintained or increased its price whenever bitcoin goes through a correction. And of course, the same thing goes whenever bitcoin pumps. There can be many reasons for this but the best reason I can think of is because most of the time, the medium being used in trading any alternative coin is bitcoin. In fact, it is very unlikely for you to find any exchange that doesn't have a btc to any altcoin market option.

[lixer]

Let's face the reality folks. Not all altcoins but the majority of them are being driven by the price of BTC.

Looking at coin performance, you can see it there clearly how coins are reacting to BTC price movement.

Everytime BTC is on bearish mode, expect that the majority of altcoins will follow. Honestly even sometimes BTC is making an uptrend, other altcoins can't even follow so what's more if the trend is a downtrend. I also don't believe in those old sayings that there's an altcoin season while BTC is on bearish mode. There might some coins or tokens that will surprise us for a big price change but surely, that was a manipulated coin.

That is not the point, that could be true and that's fine. Let them all go up together and all go down together and that's fine. What we need to know is "how much" and that changes a lot. Like let's say bitcoin goes up 10% but ethereum goes up 20%, that means ethereum is doing great, if bitcoin is going up 20% but ehtereum goes up 10% then ethereum is not doing good.

There are times when bitcoin goes up, and others go up as well but not as much, those periods are when it is bitcoins time, and then there are times what we call "alt season" where bitcoin goes up but only a bit, whereas other coins go up like crazy. That is what I believe will make a huge change in crypto, alt seasons are places where everyone makes insane returns, because 10 billion dollars going into bitcoin will make it go up a bit, but 10 billion dollars into any other coin would make it go 5x easily, some of them even 100x, that is why alt season is much more profitable.

[nhaila]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

Yes most of cryptocurrencies depend on King Crypto Bitcoin. When bitcoin price starting to improve then simultaneously most of the altcoins also starting to improve.

[LordMiguel]

the entire market depends heavily on bitcoin. the price movement of bitcoin affects how altcoin price move BUT the flow of currency is different. money flows into crypto from bitcoin and then to the top coins in the market before move to the mid teir tokens. and then flows out of the market. it is a cycle market. from the head down to the lower tokens and out.

[Distinctin]

the entire market depends heavily on bitcoin. the price movement of bitcoin affects how altcoin price move BUT the flow of currency is different. money flows into crypto from bitcoin and then to the top coins in the market before move to the mid teir tokens. and then flows out of the market. it is a cycle market. from the head down to the lower tokens and out.

When the heads go up, of course, the tail will follow. This how I picture the market and it was not deniable how these altcoins move. We can't say that all altcoins are following the same path with Bitcoin but the majority of them. yeah, it was a cycle and the only manipulation could break that. Whales can do the pump without a reason and even Bitcoin is declining.
So if we do a market analysis before buying/investing altcoins, we will have to consider the situation and current trend of Bitcoin first as our basis.

[lexkiee28]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

there are altcoins that is bitcoin dependent meaning the price of it follows the movement of bitcoin these are fork into bitcoin such as Bitcoincash and Bitcoin SV. However, I don't think that all altcoins depends on bitcoin and these recent dip the main reason I think why almost all alts goes down is because the Fear, Uncertainty and Doubt created by bad news and speculations.

[macson]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

you can see for yourself the market phenomenon when the price of Bitcoin is bullish then altcoins follow, when the Bitcoin market bear, altcoins also follow.  Bitcoin is the strongest cryptocurrency in the world, so Bitcoin is still holding the benchmark.  but there are also some altcoins whose prices are not influenced by Bitcoin, for example Dogecoin ^(DYOR)

[muratsink]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

you can see for yourself the market phenomenon when the price of Bitcoin is bullish then altcoins follow, when the Bitcoin market bear, altcoins also follow.  Bitcoin is the strongest cryptocurrency in the world, so Bitcoin is still holding the benchmark.  but there are also some altcoins whose prices are not influenced by Bitcoin, for example Dogecoin ^(DYOR)

Bitcoin never depend with their self without bitcoin situation, exactly what you said when bitcoin dump altcoin follow to dump and going up after bitcoin bearish. Never any chance for altcoin keep bearish when bitcoin dump and most time bitcoin only correction about 5% altcoin can dump more than 30% and more, this phenomenon with altcoin can't wake up without any help by bitcoin.

[feelideb]

Stablecoin are savehaven for cryptocirrency investors and traders, apart from  stablecoin, all other cryptocurrency essemtially are trade against bitcoin. When bitcoin increase in value it automatically increase the value of it's pairs. The bitcoin is where the cryptocurrency  value is domicile. So for now, every coin is coupled with bitcoin and may be in the futuee, we will see some strong altcoin like ethereum decoupling from bitcoin.

[wheelz1200]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

For the most part everything is typically tied to bitcoin.  There are instances of a small amount of coins inversely moving against bitcoin but the honey badger is the barometer of the market.  If bitcoin tanks to $10k you can bet every other coin will tank as well.  It's been well studied at this point.

[Nekonoid]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

It is good that now there are new hybrid exchanges that help to combine the advantages of DEX and CEX exchanges and at the same time are devoid of their disadvantages.

The emergence of hybrid exchanges provides new opportunities for the crypto industry, making cryptocurrency trading more convenient and profitable.

[19Nov16]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Bitcoin is the first crypto, all exchanges make bitcoin a price standard so the effect of bitcoin is too strong for now, this is what makes the price of altcoins depends on bitcoin performance. I hope there are altcoins that can beat bitcoin soon so that it makes the crypto market even more interesting.

[lonte77]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Most of altcoins Will follow the bitcoin trend. For now, BTC is a mother of all Coin. If you want to keep your money safe when bearish market come, you can change your altcoins into stablecoins. Most stable coins won't be affected by bitcoin situation.

[Nekonoid]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

I agree that exchanges are very popular, but there is a huge competition among exchanges, so it is important that exchanges develop and become better and more convenient for traders.

For any exchange, liquidity and a large number of users are important. It is good that exchanges are developing and offering new opportunities that other exchanges do not have, but it is also necessary to promote the project and increase the number of users.

[larus]

Everything in crypto is connected with BTC. Its up to you bad things it or not

[capokmerah]

Technically no, BTC and Altcoins are different things, but the market share in crypto Bitcoin is still king. BTC is able to manipulate altcoin prices even its users. thus, it looks as if BTC and Altcoin are connected.

[_MrTuyul404]

well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

[nikita2020]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

The emergence of hybrid exchanges provides new opportunities for the crypto industry, making cryptocurrency trading more convenient and profitable.

It is good that cryptocurrency exchanges are developing and there are many opportunities for earning money from trading, as well as the fact that trading is becoming more profitable and many people are trying their hand at trading.

[deathcode]

well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

that's true. but overall the market will be affected by bitcoin. An altcoin that can make pumps with updates that are carried out must have great development as well as support from a large community. I've seen such a situation happen to BNB in 2019. even LTC after halving was not able to make their pump due to unfavorable market circumstances for them.

[Desscount]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

For now all altcoins prices are very dependent on bitcoin, this is because there are no coins that can approach bitcoin, I think this is reasonable because almost all pairs on exchanges always have bitcoins.

well that's true, there are already a lot of Altcoins with BTC pairs on the market, so this is the reason,
if all altcoins are deleted in BTC pairs of course nothing like this will happen, but everything is already conditioned,
we can't change this rule, because Bitcoin is currently this is still the benchmark of all altcoins

[BuNga_cute]

well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

that's true. but overall the market will be affected by bitcoin. An altcoin that can make pumps with updates that are carried out must have great development as well as support from a large community. I've seen such a situation happen to BNB in 2019. even LTC after halving was not able to make their pump due to unfavorable market circumstances for them.

In fact, it is very rare for me to find altcoins that are not affected by Bitcoin price movements. If we find any altcoins that can keep pumping
in a market crash, maybe like you said there is a good development and is supported by a large community. Or there is manipulation by whales,
meaning that there must be special factors that make these altcoins unaffected by Bitcoin price movements.

[nurilham]

For now all altcoins prices are very dependent on bitcoin, this is because there are no coins that can approach bitcoin, I think this is reasonable because almost all pairs on exchanges always have bitcoins.

Yep, the most major pair for all crypto coins are Bitcoin. That's why all crypto coins depend on Bitcoin. As long as Bitcoin becomes the main major pair on all exchanges in the world, there is no chance for altcoins to be independent. So far, I don't think that we have the chance to replace Bitcoin as the main major pair. So, we must accept it if Bitcoin will always influence altcoins.

[Bertyda]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

For any exchange, liquidity and a large number of users are important. It is good that exchanges are developing and offering new opportunities that other exchanges do not have, but it is also necessary to promote the project and increase the number of users.

It is good that cryptocurrencies are developing and new hybrid exchanges are emerging, which provide more opportunities for traders, provide more tools and make trading more profitable.

[kenelmark]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

What independence do you mean? I think cryptocurrencies follow bullruns, and the most influential bullrun for all Altcoins is Bitcoin. If Bitcoin is pumped, then altcoins will also be pumped.

[Rexler]

well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

Altcoins follow bitcoin price movements, which altcoin? I would say literally all of them, remember the bitcoin crash in 2017? did any altcoin pump when bitcoin price crashed? No, even the bull run we had ethereum was pumping by August and October, but when bitcoin started pumped that was when everyone finally accepted that we are experiencing a bull run and that's when you start seeing greens in coins, same with the crash from $64k, every altcoin dumped, I think altcoin depend on bitcoin, my honest opinion though.

[Princejebs]

well most of the pump and dump of coins depend on bitcoin, but not all altcoins is like that and there are also some coins can be pump because it has good news even though the market crash

That reminds me of polygon. Matic rebranded polygon was one of a stubborn coin that are a rare type, this coin was pumping despite the heavy crash of bitcoin and was printing massive positive gains on trend.
There are also instances where bitcoin and altcoins do the opposite of the market, this scenario happens but it's rare because in general, altcoins pump when bitcoin moves to the upside.

[RussianEnglishTranslation]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Most altcoins are dependent on the price of BTC because of bots that automatically buy and sell alts based on the price of Bitcoin. That's why I invest in cryptos like 0xMR without a BTC trading pair. This way I don't lose half my money every time Bitcoin decides to move.

[tabas]

Most altcoins are dependent on the price of BTC because of bots that automatically buy and sell alts based on the price of Bitcoin.

Although there are a lot of bots but it's bitcoin's liquidity that makes a lot of altcoins dependable on it.

That's why I invest in cryptos like 0xMR without a BTC trading pair. This way I don't lose half my money every time Bitcoin decides to move.

But that coin has low liquidity.

[Bohdan820]

Many coins depend on bitcoin at least on price movement but also do not forget that bitcoin is dependent on the movements of tech giants that are traded on NASDAQ.
Some coins can move against the market but these are exceptions to the rule and then after that the market evens out.

[Quantum907]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

It must be admitted that the influence of bitcoin is very strong, all exchanges must use bitcoin and all crypto projects will accept bitcoin and this is what makes altcoins make bitcoin a price measure.

[i8v8i]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

It is good that cryptocurrency exchanges are developing and there are many opportunities for earning money from trading, as well as the fact that trading is becoming more profitable and many people are trying their hand at trading.

Due to the high volatility of cryptocurrencies, many people use them to earn money on trading. Therefore, the need for exchanges is high even in a falling market.

[the rise]

Lately I see the movement of altcoins is very similar to bitcoin, it always follows, for example bitcoin drop, altcoin soon catches up, and vice versa if bitcoin there is a flash pump then sideways in a short time, where altcoins start to rise, this happens within a few months until now, maybe you can see it,

[imamusma]

It must be admitted that the influence of bitcoin is very strong, all exchanges must use bitcoin and all crypto projects will accept bitcoin and this is what makes altcoins make bitcoin a price measure.

It's true, from the beginning the influence of Bitcoin was very large in the cryptocurrency market, so everyone can always see when there is a decrease in Bitcoin in the market, then Altcoins will experience the same thing, as well as an increase.

[Wong Gendheng]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Bitcoin marketcap reaches more than 35% of cryptocurrencies, although it continues to decline but almost all bitcoin pairs are popular, support from many big companies to enter the stock exchange proves that bitcoin is the strongest so altcoins prices are affected by bitcoin.

[farhanabd88]

Bitcoin is one of the best crypto currency in the market so it also dominated crypto market. There are many reason for crypto currenxy ups and down. But i think bitcoin price ups and down sometimes may create effect to the market. In my few years experience i have seen that when the price of bitcoin fall then the altcoin also fall one the other hand when the price of bitcoin rise all other coin grow up gradually. I think it happen in the crypto market naturally. So in my opinion all altcoins sometimes dependent on bitcoin.

[Asuspawer09]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

I mean most of the altcoins are dependent on the market price of bitcoin and you could totally notice that in the market when the market price of bitcoin pumping a lot of altcoins are pumping as well and vice versa when the bitcoin is a dump.

But at the same time, not all of the altcoins in the market are dependent on the price of bitcoin, I guess some are DOGE coin, XRP, etc. you could notice when the market is pumping sometimes are XRP and DOGE coin and going in a different way.

It could be because of the pairs or conversion of bitcoin to other altcoins but I'm not actually sure about the main reason for this but there is a huge connection between bitcoin and altcoins when it comes to the market price for sure.

[muratsink]

Bitcoin is the main or core for cryptocurrency world so all altcoin depend how bitcoin price, never stronger altcoin have higher price when bitcoin going down, almost altcoin always allow how bitcoin price. BNB coin is bigger network and have own exchange but always allow with bitcoin price, now not any good news with bitcoin to see on higher price and we need waiting when altcoin wake up.

[South Park]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

Yes most of cryptocurrencies depend on King Crypto Bitcoin. When bitcoin price starting to improve then simultaneously most of the altcoins also starting to improve.

Not always, during this bull run there was a time in which the price of bitcoin went up and altcoins did not move much and then we saw the opposite and bitcoin did not moved much and altcoins kept growing, however I think that once the market begins to recover it will do so all at the same time, however I really think that most of the growth this time around is going to be concentrated in bitcoin as people will be excited about the new fundamental news that came from bitcoin like the activation of taproot and that a country finally made bitcoin legal tender.

[revilo]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

Yes most of cryptocurrencies depend on King Crypto Bitcoin. When bitcoin price starting to improve then simultaneously most of the altcoins also starting to improve.

Not always, during this bull run there was a time in which the price of bitcoin went up and altcoins did not move much and then we saw the opposite and bitcoin did not moved much and altcoins kept growing, however I think that once the market begins to recover it will do so all at the same time, however I really think that most of the growth this time around is going to be concentrated in bitcoin as people will be excited about the new fundamental news that came from bitcoin like the activation of taproot and that a country finally made bitcoin legal tender.

But in total I would say that all coins follow Bitcoin especially when the movements are strong either in the negative or in the positive direction. When the market is more calm and Bitcoin doesn't move as fast up or down there is less correlation between Bitcoin and the rest. During crashes it was the same every single time that all coins followed suit with Bitcoin. We have been hoping for a little bit of disentangling for quite a while, but if you think about it it also makes sense. If there is bad news on the horizon that affects Bitcoin it is most probably also going to affect all other coins.

[pedrillo0]

Unfortunately most of them do, especially the relatives of the btc, such as Bitcoin cash, Bitcoin SV and in turn,
bitcoin also depends on the traditional market.
Although that brand will soon be history, when investors completely abandon traditional finance.

[mhine07]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

For what i have seen in the past where bitcoin first bull run other altcoins also go bull run. And when the bitcoin price crashes, altcoins also goes down and crashes. For me i think altcoins are dependent on bitcoin, because everytime bitcoin price goes high so do altcoins goes higher also in value.

[nomenclatur]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

it's certain that if bitcoin experiences a decline then altcoins will be much lower and the decline will be faster because bitcoin is a benchmark for altcoins to go up or down so that everything can get worse bitcoin is what makes the market more excited, especially altcoins that can go up many times over in time fast can be very surprising because bitcoin is increasing so quickly if the market continues to improve the dependence of altcoins on bitcoin has indeed gone like that, it is inevitable, indeed everything is on track.

[Blowon]

It seems that, I often see the same movement between the two, it looks like bitcoin determines the direction of the altcoin next time, you can see for yourself, if understanding this secret it seems like trading cryptocurrency is not difficult. but you have to know when to enter and not greedy.

[bitterguy28]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

It is mate , and that has been proven for more years now.. altcoin is subject to follow bitcoin and now people are still asking this.

It seems that, I often see the same movement between the two, it looks like bitcoin determines the direction of the altcoin next time, you can see for yourself, if understanding this secret it seems like trading cryptocurrency is not difficult. but you have to know when to enter and not greedy.

because the support of people to altcoin relies in how much bitcoin proves how strong the market is.

[Bertyda]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

It is good that cryptocurrency exchanges are developing and there are many opportunities for earning money from trading, as well as the fact that trading is becoming more profitable and many people are trying their hand at trading.

Thanks to cryptocurrency exchanges and trading, you can earn not only on the growth of cryptocurrencies, but also on their fall. Cryptocurrencies are extremely volatile, so cryptocurrency trading is very popular.

[radjie]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

not all of them, but indeed most altcoin price movements follow Bitcoin's growth.  there are several types of Altcoins that are opposite to Bitcoin, when the market is red, some Altcoins are the opposite, for example usdt when all red it will look green, this is because usdt is a stable coin and is used by people when some of them convert Bitcoin to usdt

[pixie85]

It seems that, I often see the same movement between the two, it looks like bitcoin determines the direction of the altcoin next time, you can see for yourself, if understanding this secret it seems like trading cryptocurrency is not difficult. but you have to know when to enter and not greedy.

And there's a simple reason for that. The market depends on investor attitude and bitcoin is the trust builder. If Bitcoin falls it's seen as loss of trust towards cryptocurrencies and people get rid of everything.

Laws around the world are also made for Bitcoin but they affect the whole market. If a country bans bitcoin it will probably also ban altcoins, but if it legalizes bitcoin it will not make altcoins illegal. It works both ways.

[chanler]

many people panic and end up selling their alt cheaply when they see btc in the market go down, it makes the crypto market even more chaotic. so if we can be more careful and not be provoked by the market then it won't happen. we know that when btc goes down some alts remain stable even though many also go down. the most important thing is not to panic sell where you sell coins at cheap prices when the crypto market is red because it will be fatal

[RussianEnglishTranslation]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

If a project doesn't have BTC trading pairs, like 0xMR, then bots can't dump the price.

[target]

Bitcoin marketcap reaches more than 35% of cryptocurrencies, although it continues to decline but almost all bitcoin pairs are popular, support from many big companies to enter the stock exchange proves that bitcoin is the strongest so altcoins prices are affected by bitcoin.

Yes, it's true, this proves that Bitcoin has always been favored by many people who already know and understand cryptocurrency because without a good movement in Bitcoin, Altcoins will be very difficult to move normally.

It's hard for altcoins to have their own price evaluation when all are dependent on BTC because it's BTC that decides the price of these altcoins. ETH has its own ecosystem which ERC20 tokens are also dependent on ETH. The more tokens created on ETH the more it becomes stable which could one day decouple BTC.
Until a coin is used by a real crowd like a government and its society uses an altcoin, this will probably be the first to separate and stand on its own.

[covfefe_]

They are not directly but the bitcoin price affects them all. More so than the bitcoin price itself. Bitcoin is still 31K while other coins are much lesser than what they were when bitcoin was 31K last time. Altcoins are much more volatile. I've lost thousands of dollars on portfolio. But I'm not going to sell them, either wait for the recover or die with them. Selling on dip were the worst decision I made on previous few bears.

[revilo]

Bitcoin marketcap reaches more than 35% of cryptocurrencies, although it continues to decline but almost all bitcoin pairs are popular, support from many big companies to enter the stock exchange proves that bitcoin is the strongest so altcoins prices are affected by bitcoin.

Yes, it's true, this proves that Bitcoin has always been favored by many people who already know and understand cryptocurrency because without a good movement in Bitcoin, Altcoins will be very difficult to move normally.

It has nothing to do with favored. Bitcoin was the first mover coin and always had a significant share of the overall market capitalization in cryptocurrencies. In fact in relative terms that share decreased over time although it recovered quite a bit lately.

[CaptainDeFi]

100% and pay attention to the market
I bought some alt coins today
CRPT is one of them
CRYPTERIUM is doing a great job
crypterium.com/crpt

[i8v8i]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

It is good that cryptocurrency exchanges are developing and there are many opportunities for earning money from trading, as well as the fact that trading is becoming more profitable and many people are trying their hand at trading.

Now cryptocurrencies are actively developing and offer new opportunities. Due to the high popularity of cryptocurrency exchanges, competition between them is very high, so it is very important to develop and add new opportunities that competitors do not have.

[john1010]

Every alts has their own platform and scheme to stay alive, but we cannot deny the fact that almost all alts price affected everytime bitcoin rise and fall it's price, there, we can see that bitcoin is the mother of all coins that's why I disagree in some claim that, their coin is the next bitcoin, that's crazy statement.

[virasisog]

No, only those that are made from BTC fork. However, BTC price movement affects altcoins as well since all altcoins are paired with BTC. BTC price drives the market as a whole since it has the largest market capitalization.

[Sithara007]

No, only those that are made from BTC fork. However, BTC price movement affects altcoins as well since all altcoins are paired with BTC. BTC price drives the market as a whole since it has the largest market capitalization.

If you check the trade volumes, even now most of the trade volume for coins such as Polkadot and Cardano is made from trade with BTC, and not from the trade with fiat or stablecoins. So irrespective of the altcoin, the dependence on Bitcoin is there. Also, you might have noticed the recent price fluctuations. When the Bitcoin prices crashed by close to 50%, every single altcoin went down by that much (or by an even higher amount). That itself shows that all these alts are heavily dependent on Bitcoin. The only exceptions are stablecoins, but no one invests in stablecoins.

[finaleshot2016]

There have been several crashes in the crypto market recently, and I've realized that not all cryptocurrencies are truly dependent on bitcoin. Actually, I used to believe that they were all interconnected because Bitcoin is one of the most popular cryptocurrencies and most altcoins have BTC pairs and linkages.

Some cryptocurrencies have strong holdings, and this is why they aren't affected by market cash. This is due to the community that has banded together. FOMO is a trader's worst enemy; if something happens on a single coin, he'll withdraw all of his money out of fear of losing everything.

[Ndlongap Ndlongop]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

I think not all altcoins depend on bitcoin, you can see when the price of bitcoin is red, there are still many altcoins that skyrocket, moreover the bitcoin marketcap continues to decline and is currently around 25%.

[bayu7adi]

Altcoins have decreased in value because the most Altcoin pairs are with Bitcoin, Ethereum, BNB and several other large coins. While the numbers displayed on the website or on coinmarketcap are prices in fiat.
You will see the same rate for ALTCOIN/BTC because this is the basic altcoin that always refers to BTC (mostly).
You will see the rate drop for ALTCOIN/USD because the altcoin pivot is BTC not USD, if BTC goes down, then the price of ALTCOIN against USD will go down, but the price of ALTCOIN against BTC will not change
Basically this is just an illusion and makes people panic.

[jjdub7]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Most altcoins have no real connection to BTC, except their pairing on exchanges.
When BTC starts dropping, people usually exit alts and try to buy BTC at lower prices, thus causing a cascade effect

This, in my opinion, is the most accurate explanation of the movement in the altcoin market. We all know that they are not really related to Bitcoin, but they always follow the direction of the price of Bitcoin.

[Vaculin]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Most altcoins have no real connection to BTC, except their pairing on exchanges.
When BTC starts dropping, people usually exit alts and try to buy BTC at lower prices, thus causing a cascade effect

This, in my opinion, is the most accurate explanation of the movement in the altcoin market. We all know that they are not really related to Bitcoin, but they always follow the direction of the price of Bitcoin.

It's easy to find the logic on why altcoins move according to bitcoin's movement. You can simply look at the dominant rate, and knowing that bitcoin is the most invested asset in crypto, it's the king of crypto, and everyone trusts bitcoin more than altcoins. As we have witnessed during the bull run, altcoins have some decent increase because bitcoin was bullish, people just find an investment alternative as they are confident bitcoin will not dump and altcoins are more profitable to invest in short term.

[Sir Legend]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

I said that almost everything that invests in crypto, 50% of the assets owned are bitcoin, this is what makes bitcoin very popular and becomes the standard price for altcoins, maybe this trend will be difficult to stop until there are global companies that focus on crypto.

[Shindrah]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

No but altcoins will follow a lot of the time. I myself haven't been too much in BTC lately though. Im more into DIVI right now and they've also been listed on KuCoin so hopefully even a bigger exchange is coming

[nikita2020]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

Due to the high volatility of cryptocurrencies, many people use them to earn money on trading. Therefore, the need for exchanges is high even in a falling market.

Now the exchanges are popular and trading volumes on the exchanges continue to grow. It is good that there are new hybrid exchanges that combine the advantages of DEX and CEX.

[Godwinpaul]

In my opinion, the value of bitcoin has a critical position in the market. Bitcoin holds a substantial portion of the market capitalisation and that could be responsible for altcoin following its lead. I've even noticed that the higher the value of Bitcoin, the higher the value of most altcoin as it relates to the market price, all things been equal.

[prosperoustop]

I think strong alcoin projects cant be depend from BTC, because they could depend from USDT , now I know good projects, earlier I didnt see any, everything was depend from BTC

[joshua98]

Hi Guys, what you think about this project Neptune Mutual. I read a lot about it but still wondering whether its a good decision to put $1000 into it or not.

[lonte77]

I don't think all altcoins depend on BTC, the proof is that there is altcoins that can still survived if BTC goes down, but most altcoins follow the btc trend, maybe because BTC is so dominant in the crypto that many altcoin holders sell all their assets to buy BTC,

You said it. Some altcoins were survived when BTC downtrend goes on, but it just less than 10% of total altcoins were survived. I don't know why people sell their altcoins to buy BTC when the BTC price goes down. It will be good if they sell their altcoins to FIAT or Stablecoins directly.

[fielkun]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

I believe not all altcoins are strictly dependent on BTC. But they can always be affected by the trend. Some can still weather the storm though. Like for instance, this undervalued gem called XSN the native crypto of Stakenet. A solid project that offers multiple staking solutions for passive income. They've also got the Layer 3 Stakenet Dex which will going to be launched in public soon.

[Jaered]

Not true. Remember there was a period last year when altcoin and bitcoin prices were moving in opposite directions, in fact, it was the altcoins that were pumping. Coins like Ethereum, Binance coin and Polka dot doing the business

[777Jolami]

Not true. Remember there was a period last year when altcoin and bitcoin prices were moving in opposite directions, in fact, it was the altcoins that were pumping. Coins like Ethereum, Binance coin and Polka dot doing the business

Hummm,Bitcoin value will guide the market, it is easy to spot the trend.  That is the power and importance of bitcoin.  It's almost like consensus, ... if there were exceptions, it would be fomo, good and short imo.  That, further definition, bitcoin will forever be king.  Bitcoin is strong, formatted and invincible for ultimate freedom -> the whole market goes into a bull cycle and vice versa.

[wahyu wida]

I don't think all altcoins depend on BTC, the proof is that there is altcoins that can still survived if BTC goes down, but most altcoins follow the btc trend, maybe because BTC is so dominant in the crypto that many altcoin holders sell all their assets to buy BTC,

but few altcoins do that. mostly if there is a decrease in bitcoin, there will be a lot of altcoins that go down, especially if the altcoin is just a momentary fomo action, of course it will come back down also following bitcoin.

[john1010]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Not actually but almost all of altcoins affected when the price of bitcoin moves up and down, all alts have their own platform and governance but we cannot deny that the bitcoin influence are affecting the alts market.

[Golftech]

I don't think all altcoins depend on BTC, the proof is that there is altcoins that can still survived if BTC goes down, but most altcoins follow the btc trend, maybe because BTC is so dominant in the crypto that many altcoin holders sell all their assets to buy BTC,

but few altcoins do that. mostly if there is a decrease in bitcoin, there will be a lot of altcoins that go down, especially if the altcoin is just a momentary fomo action, of course it will come back down also following bitcoin.

Simply because bitcoin dominance still high, if there's some coins who can move against bitcoin

trend is some because of the update and most are being used for pump and dump. Be very careful

if you are playing with the market, this kind of action mostly the reason why many people got stuck

and lose their money.

[wmaurik]

Hi Guys, what you think about this project Neptune Mutual. I read a lot about it but still wondering whether its a good decision to put $1000 into it or not.

It seems you are in too much of a hurry for that, I want to know first about what you read about the project, can you tell me more details here about the project so I can give you a little insight even though the final decision is always there in your own hands.

[conected]

I don't think all altcoins depend on BTC, the proof is that there is altcoins that can still survived if BTC goes down, but most altcoins follow the btc trend, maybe because BTC is so dominant in the crypto that many altcoin holders sell all their assets to buy BTC,

but few altcoins do that. mostly if there is a decrease in bitcoin, there will be a lot of altcoins that go down, especially if the altcoin is just a momentary fomo action, of course it will come back down also following bitcoin.

Simply because bitcoin dominance still high, if there's some coins who can move against bitcoin

trend is some because of the update and most are being used for pump and dump. Be very careful

if you are playing with the market, this kind of action mostly the reason why many people got stuck

and lose their money.

- Agree, before altcoins enter the market and fall into the hands of investors, it needs to establish first relationships with bitcoin and of course, once the market has determined bitcoin as the base point, altcoins can only be docile and follow bitcoin's instructions, the role in the market is not equal, bitcoin is having too much distinction from altcoins. Many altcoins may feel injustices and seek personal freedom, but bitcoin's control apparatus and investor confidence have not favored these outcasts.

[zayika570]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

Now the exchanges are popular and trading volumes on the exchanges continue to grow. It is good that there are new hybrid exchanges that combine the advantages of DEX and CEX.

It is good that cryptocurrency exchanges are developing and offering new opportunities for traders, which makes trading even more profitable and gives more opportunities to earn money on trading.

[South Park]

No, only those that are made from BTC fork. However, BTC price movement affects altcoins as well since all altcoins are paired with BTC. BTC price drives the market as a whole since it has the largest market capitalization.

This is one of the main reasons we see something like this, altcoins are priced against bitcoin which means that any change in the price of bitcoin immediately affects them, and when we add that a great deal of the coins we see are not really original enough and are just forks of other coins then it makes sense they follow bitcoin, however there is a moment in which they do not and that is when those coins finally go to zero and never recover which is why it is a bad idea to hold those coins for the long term.

[KryptoKings]

Not really, most at times they are being carried away with the market bleeding so they could panic to sell as well. Other thing that drives it getting wrong news about some currencies and it will also affect the market, but advanced traders don't get stumbled out via a force or rumors.

[joshua98]

Hi Guys, what you think about this project Neptune Mutual. I read a lot about it but still wondering whether its a good decision to put $1000 into it or not.

It seems you are in too much of a hurry for that, I want to know first about what you read about the project, can you tell me more details here about the project so I can give you a little insight even though the final decision is always there in your own hands.

They say they are bringing decentralized cover protocol on the BSC.
Their website: https://neptunemutual.com/
Docs: https://docs.neptunemutual.com/
App: https://app.neptunemutual.com/

[flyeers309]

I think yes but not all of them. Bitcoin is like a pioneer and when the market crashes almost all traders decide to sell their altcoins and make them into stable coins which are eventually used to buy bitcoins at lower prices. Many traders want altcoins to be able to stand alone and not follow the direction of the bitcoin price but all back again, history always repeats itself.

[Xinarae*]

Not true. Remember there was a period last year when altcoin and bitcoin prices were moving in opposite directions, in fact, it was the altcoins that were pumping. Coins like Ethereum, Binance coin and Polka dot doing the business

Bitcoin ranks at the top of all currencies in the crypto market the price of other altcoins including ethereum increases depending on the price of bitcoin. With the price of bitcoin declining the price of altcoin has started to go down.

[Iminingpro]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

It is good that cryptocurrency exchanges are developing and offering new opportunities for traders, which makes trading even more profitable and gives more opportunities to earn money on trading.

Now hybrid exchanges are very popular because decentralized and centralized exchanges have their drawbacks.

[haidil]

Of course not, because not all coins are linked to btc and there are only a few linked btc pairs on the exchange. the logical reason I've come across is why altcoins go down when bitcoin goes down because some of them stop their investment in altcoins and change them to bitcoin because at that time bitcoin goes down so altcoins can go down like following btc.
this is very reasonable because almost everyone feels that btc is more reliable in terms of long-term investment, therefore when btc experiences a decline they are competing to buy btc

[Alanaz]

You said it. Some altcoins were survived when BTC downtrend goes on, but it just less than 10% of total altcoins were survived. I don't know why people sell their altcoins to buy BTC when the BTC price goes down. It will be good if they sell their altcoins to FIAT or Stablecoins directly.

the reason may be simple because I think everyone here is interested in actual btc and no one denies it, and when btc is currently experiencing a decline of course this is like a very beautiful discount. it's a different story if they put it into fiat because there our assets will be like that and that's all and of course this is not profitable for those who intend to invest

[BigRasputin]

sadly yes, we call them "altcoin" if something called "alt" means it depends on something bigger and bitcoin is just king.

[kramchers]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

In my own little way of understanding, there are some altcoins particularly centralized based are not dependent in Bitcoin. Those altcoins
that are decentralized form usually dependent into Bitcoin. And I've seen this for a couple of years now. And sometimes even it is centralized the whale manipulators are riding for what is trending in the market.

[Flowzer]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Its not 100% dependance, but the price impact from Bitcoin to Altcoins is real, its like how forex work when most of fiat dependance to USD.

[ChaoChibai]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Bitcoin is like the mother of all coins in crypto world so I think this is the common nature that altcoins will depend on bitcoin. So thats way when bitcoin price is severe crash like now, the price of altcoins is having the same red zone. So my answer is there is no independence in the crypto world.

[imstillthebest]

I don't know why people sell their altcoins to buy BTC when the BTC price goes down. It will be good if they sell their altcoins to FIAT or Stablecoins directly.

when they buy btc they are helping its value to go up and when btc is up their altcoins can follow .
 that would be the logic behind  . alts are down and selling it to fiat or converting it to a stable coin is a bad move because they could lose .

the reason may be simple because I think everyone here is interested in actual btc and no one denies it, and when btc is currently experiencing a decline of course this is like a very beautiful discount. it's a different story if they put it into fiat because there our assets will be like that and that's all and of course this is not profitable for those who intend to invest

they shouldnt have invested in alts before if all they want is btc and they shouldnt have waited for their alts to go down before they convert it to btc  .
not everyone are in to btc but some have passion for other coins

[muratsink]

Bitcoin is most impact for the future to altcoin, if bitcoin down altcoin never any chance go to higher price. Today bitcoin really drop under $30,000 and almost altcoin have lower price and not get chance for seeing altcoin strong when bitcoin or altcoin dump. I see every time bitcoin down need wait and patient to sell altcoin on higher price and not possibility to get altcoin rally worth to sell.

[awik p]

although this actually depends on the law of supply and demand, traders' psychology has a big impact here, when bitcoin goes down, many people sell their altcoins, some are invested in bitcoin to make it safer, but some are taken in cash, to be stored until see a market that is worth repurchasing. but unfortunately when bitcoin rallies, not all altcoins follow the rally too

[Chato1977]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Its not 100% dependance, but the price impact from Bitcoin to Altcoins is real, its like how forex work when most of fiat dependance to USD.

it is mate, look how the market reacts for Bitcoin and the whole altcoins are being shaken .

Bitcoin is most impact for the future to altcoin, if bitcoin down altcoin never any chance go to higher price. Today bitcoin really drop under $30,000 and almost altcoin have lower price and not get chance for seeing altcoin strong when bitcoin or altcoin dump. I see every time bitcoin down need wait and patient to sell altcoin on higher price and not possibility to get altcoin rally worth to sell.

Not all mate because there ae some coins that grows high even when the Bitcoin is falling specially in altcoin seasons.

[Mihawk]

It's something like that, but in practice it's the following. In the past, when the BTC was stable, altcoins and shitcoins were subject to ups and downs. When there were activities in the BTC price naturally the negotiations were smaller in other currencies. But in recent years this scenario has changed and technically it doesn't matter if the BTC price is active or not, the price of altcoins and shitcoins just fluctuates downwards. When they appreciate it is against the dollar and not the BTC. You can understand this situation as understanding the market, because what are these projects available there for?

[cryptoserega]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

It is good that cryptocurrency exchanges are developing and offering new opportunities for traders, which makes trading even more profitable and gives more opportunities to earn money on trading.

Now cryptocurrency exchanges are actively developing and new opportunities are emerging for traders, making trading more profitable and safe for traders.

[Flowzer]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Its not 100% dependance, but the price impact from Bitcoin to Altcoins is real, its like how forex work when most of fiat dependance to USD.

it is mate, look how the market reacts for Bitcoin and the whole altcoins are being shaken .

Im not really sure about this, but many people said its because the fear for entire crypto market, not specifically to Bitcoin.

[LordMiguel]

certainly Not but from what we are seeing in the Market, it is obvious the fact that Bitcoin remains the corner stone of this great invention. we are far from decentralization. bitcoin still dominate the market and if this continues, then bitcoin will rule makeing altcoins worthless. we need a unique market where tokens trade differently from bitcoin. just the traditional market.

[bots1]

Not all altcoins depend on Bitcoin. Each altcoin has different prospects so the prospects cannot be generalized. One of the factors that have the most impact on the price of altcoins is supply and demand and how altcoins dominate the market.

[Garsipop]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

Now cryptocurrency exchanges are actively developing and new opportunities are emerging for traders, making trading more profitable and safe for traders.

It is very important that the cryptocurrency exchange continues to develop, since the competition among cryptocurrency exchanges is very high. We need to continue to develop the exchange and add new opportunities for traders.

[muratsink]

Not all altcoins depend on Bitcoin. Each altcoin has different prospects so the prospects cannot be generalized. One of the factors that have the most impact on the price of altcoins is supply and demand and how altcoins dominate the market.

Almost altcoin price depend with bitcoin, never any altcoin keep strong on higher price when bitcoin got bad issues and down, many moment altcoin more crash few percent from bitcoin, example when bitcoin down maybe 10% altcoin can be dump extremely more than 40% because bad situation and still depend with bitcoin price.

[Sayeds56]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Indeed ,Altcoins are totally dependent on Bitcoin price  , they move up and down in Alts/USDT pair with BTC but in Alts/BTC pair they move in opposite direction. To make it easier to understand, Altcoins  move down when BTC dominance chart  goes  higher and move up when dominance is down. BTC Dominance Index reflects money flow in BTC versus alt coins. Means,  Bitcoin dominance is a percentage of the total cryptocurrency market capitalization attributable to Bitcoin. This index is very detrimental to predict next move of Alts.



https://www.tradingview.com/chart/BTC.D/Qy1lkYos-A-Strategy-Guide-For-Trading-Altcoins-With-Bitcoin-Dominance/

[mirakal]

Not all altcoins depend on Bitcoin. Each altcoin has different prospects so the prospects cannot be generalized. One of the factors that have the most impact on the price of altcoins is supply and demand and how altcoins dominate the market.

Almost altcoin price depend with bitcoin, never any altcoin keep strong on higher price when bitcoin got bad issues and down, many moment altcoin more crash few percent from bitcoin, example when bitcoin down maybe 10% altcoin can be dump extremely more than 40% because bad situation and still depend with bitcoin price.

That's the sad reality, and we cannot deny that as we can always verify that your statement is correct. However, in times of bull run that results in an altcoins season, we can also see that altcoins are more profitable than bitcoin, and that's the good side of it. Well, if we are just smart, we will know how to make the right decision and we would not complain whatever the market situation is.

[KingsDen]

...we are far from decentralization. bitcoin still dominate the market .

Please I want to understand how the dominance of BTC means that the system is no longer decentralized. I beg to know the angle you are coming from. Or are you seeing Decentralization in this context as a contest between BTC and Altcoins?

[muratsink]

All market exchange bitcoin always dominance and make altcoin have waiting until less bitcoin dominance and see altcoin price pump, now still the same like three or four years ago without bitcoin recovery to higher price impossible we can sell altcoin on higher price. Just few altcoin have good news without bitcoin pump they can stable on higher price but happening some time only.

[Lubang Bawah]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Bitcoin was the first, it took about 2 years ago another coin appeared, being first is the most profitable thing because it is always the benchmark. when someone asks about crypto then all they know is bitcoin. all trades make sure they are always paired with bitcoins.

[clarkt]

All coin are not dependent on bitcoin.  Many altcoin are functioning without bitcoin, they got their own blockchain,  governance on some of their network are top notch!  When we are referring to cryptocurrency market,  that is a totally different ball game.  Bitcoin is most popular cryptocurrency and whatever happens to bitcoin price tend to affect altcoin as well!

[slaman29]

well, maybe a stable coin is a coin that really has no effect on the up and down movement of the bitcoin price. however, I think if there is a coin that is always growing when the bitcoin price drops, I think it is a very good coin. even in the midst of a bear market, the price can survive. well, such coins are very rare. however, I also conclude that 95% of altcoins are heavily affected by bitcoin price movements.

Ask about Tether though and you'll see all kinds of theories about how USDT markets DO affect the price of Bitcoin. When demand surges, Tether simply prints more money (USDT) because people need it to buy or to short Bitcoin.

And if/when Tether does become stuck in legal complexities (though I think they've survived it so far quite well) then the worry for investors will transfer to selling on BTC.

[kidbounty]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

there are, for example stablecoins like USDT don't rely on bitcoin because USDT is fiat backed. the price will remain stable even if bitcoin goes up or down. but it is undeniable that the average altcoins are too dependent on bitcoin, as a result when the bitcoin crashes the altcoin market will be very impactful.

[i8v8i]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

Now cryptocurrency exchanges are actively developing and new opportunities are emerging for traders, making trading more profitable and safe for traders.

Due to the development and improvement of cryptocurrency exchanges, trading on exchanges is not so high-risk and more profitable.

[South Park]

Of course not, because not all coins are linked to btc and there are only a few linked btc pairs on the exchange. the logical reason I've come across is why altcoins go down when bitcoin goes down because some of them stop their investment in altcoins and change them to bitcoin because at that time bitcoin goes down so altcoins can go down like following btc.
this is very reasonable because almost everyone feels that btc is more reliable in terms of long-term investment, therefore when btc experiences a decline they are competing to buy btc

But then do not you think that if the price of bitcoin goes down and those holding altcoins decide to sell precisely for this reason and not for anything that is happening with such altcoin in particular then we can say conclusively that those altcoins are linked to bitcoin even if they do not have a trading pair? Whether we like it or not the dynamics of the market are clear and anyone interested in making money in this market needs to follow them or eventually will pay the consequences and loss a lot of money.

[Sayeds56]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Bitcoin was the first, it took about 2 years ago another coin appeared, being first is the most profitable thing because it is always the benchmark. when someone asks about crypto then all they know is bitcoin. all trades make sure they are always paired with bitcoins.

If you invest in a company and u hold 40-70% (major share holder) of the market will you allow anyone to dictate the market for you. If bitcoin goes down to 0 today, where do you think the trust of everyone be? No one will trust the space again, it will just crash down. As for now bitcoin will still keep on leading until it dominance decline in percentage not the in marketcap over a group period. It's a lot to manage the psychology of the traders,newbie and investors.

Crypto market doesn't work like Stock or commodity Market, its totally different and comparatively very new Market, its market cap is much lower. That is why it is extremely volatile and depends on BTC price which leads the whole crypto space. You said is very rightly that it is more  psychological and less realistic but it is what it is. It will change over a period of time when crypto will be adopted on massive scale.

[goolesby]

it is undeniable that the BTC coin does have a huge impact on other coins, but not all coins depend on BTC alone, for example, recently the shiba inu coin, which was inspired by the dogecoin meme coin, has skyrocketed to close to 800 percent, or 797.37 percent in just a week. Shiba inu became the most valuable crypto asset in the past week.

[alan228]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

Due to the development and improvement of cryptocurrency exchanges, trading on exchanges is not so high-risk and more profitable.

Now cryptocurrency trading is actively developing, which gives traders more opportunities to trade and earn money.

[bastian466]

It is said that there is no relationship between altcoins and bitcoin but there is an influence I think everything is interconnected if traders can certainly judge what is happening in the market, what's more, traders who have known cryptocurrencies for a long time will understand it better

[Sheikh9146]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Bitcoin was the first, it took about 2 years ago another coin appeared, being first is the most profitable thing because it is always the benchmark. when someone asks about crypto then all they know is bitcoin. all trades make sure they are always paired with bitcoins.

Not all altcoin depend in bitcoin. There are some altcoin have there own strategy. But soon all altcoin will be depend in bitcoin.

Bitcoin is a king of crypto. Since you think a kingdom without a king is useless, you can think that bitcoin is the king and altcoin is the kingdom.

Soon all cryptocurrency/Altcoin will be depend on bitcoin.
Post

[Iminingpro]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

Now cryptocurrency trading is actively developing, which gives traders more opportunities to trade and earn money.

It is good that there are new hybrid exchanges that provide more opportunities for trading and make trading safer and more profitable.

[Golftech]

Currently the market cycle is still influenced by bitcoin conditions, you can see for yourself when bitcoin goes down, all altcoins struggle to survive or struggle not to experience too big a decline, I think this condition will continue because bitcoin is the benchmark for the crypto market.

Being the benchmark takes all the spark in the current market, we see that whatever direction bitcoin is heading

alts are following the trend, if not all it's the majorities that continue to backup bitcoin movement, the dominance

still showing and the domino effect still dragging the alt market.

[nikita2020]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

It is good that there are new hybrid exchanges that provide more opportunities for trading and make trading safer and more profitable.

For a cryptocurrency exchange, the main thing is its security, and hybrid exchanges are more regulated than DEX, have more liquidity and provide more opportunities for trading.

[wmaurik]

For a cryptocurrency exchange, the main thing is its security, and hybrid exchanges are more regulated than DEX, have more liquidity and provide more opportunities for trading.

Please mention the hybrid exchanges you know and how they implement super tight security for each of their users, because without giving an example, everyone will be confused about what you are saying.

[alan228]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

For a cryptocurrency exchange, the main thing is its security, and hybrid exchanges are more regulated than DEX, have more liquidity and provide more opportunities for trading.

Now cryptocurrency exchanges continue to be hacked, so security is very important, and regulation is also needed so that the exchange does not have problems with the authorities.

[South Park]

It is said that there is no relationship between altcoins and bitcoin but there is an influence I think everything is interconnected if traders can certainly judge what is happening in the market, what's more, traders who have known cryptocurrencies for a long time will understand it better

The influence is very direct because as we know the most dominant coin in this market is bitcoin and almost everything in this market has a trading pair against bitcoin, now it could be expected that if the price of bitcoin goes down then altcoins could go up but this is not the case because before the price of bitcoin goes down traders get out of their altcoin positions first and only then they get out of their bitcoin positions, which is what causes that altcoins show movements that are so similar to the ones we see in bitcoin.

[romero121]

It is true altcoins are dependent on bitcoin. Maybe in the future this can change when the real-time usage varies. As a of now majority of the altcoins are connective to bitcoin. It is true that majority of the altcoins follow the growth pattern of bitcoin.

There are certain altcoins that are completely centralized and it looks like a trusted one, but it can also make an investor suffer. Those centralized cryptocurrencies gets manipulated and such coins won't be varying big even when the market of bitcoin is bearish.

[seleme]

There are several correlation charts that show how strong both financial assets connected each other. The main reason why the altcoin market depends on the trending BTC charts is the liquidity on the main trading pairs, you can't sell one altcoin for another one. The middleman is the best valuation tool for finding the perfect price.

It is true altcoins are dependent on bitcoin. Maybe in the future this can change when the real-time usage varies. As a of now majority of the altcoins are connective to bitcoin. It is true that majority of the altcoins follow the growth pattern of bitcoin.

There are certain altcoins that are completely centralized and it looks like a trusted one, but it can also make an investor suffer. Those centralized cryptocurrencies gets manipulated and such coins won't be varying big even when the market of bitcoin is bearish.

The centralization is the thing we don't wanna see on this sphere but the connections between top and alternative cryptocurrencies makes it easy to manipulate the market. The manipulation level is insane on this finance market compared to stocks or foreign exchange markets. The trusted exchanges can close the shop and run one day without any warning.

[Abiky]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Most altcoins are dependent on Bitcoin because it's the one that started it all. But not all of them are this way. Consider how some stablecoins and Ethereum have moved on their own regardless of Bitcoin's price. This shows us that there's some form of independence from Bitcoin (although every single cryptocurrency is based on Bitcoin's blockchain technology). Bitcoin is the first cryptocurrency people discover when they join the crypto/Blockchain bandwagon. It's no wonder since the pioneer cryptocurrency has strong branding. I don't think altcoins will be able to survive on their own without Bitcoin in play. If BTC goes all the way down the drain, so will the rest of the cryptocurrencies on the market. As long as crypto serves its purpose of being decentralized money for the whole world to enjoy, the rest doesn't matter. Just my thoughts

[nikita2020]

The price of altcoin depends how useful the altcoin is that technology that it offers. That is why it very important to know all the news and what technologies it offers.
https://techbullion.com/cryptoarenas-novel-self-decentralized-exchange-puts-users-first/?utm_source=hootsuite&utm_medium=twitter&utm_term=20ef6c60-7fef-47de-b6e6-71dc89522128&utm_content=cryptoarenasdex&utm_campaign=

It is very important to read the news to check new projects how new and prospective they are.

Now cryptocurrency exchanges continue to be hacked, so security is very important, and regulation is also needed so that the exchange does not have problems with the authorities.

For traders, the most important thing is the safety of their funds, they must be sure that their funds are saved and are safe.

[kak uli]

I don't think all altcoins are value dependent on bitcoin. I think it all depends on market demand, and what is certain is that investors are very influential in increasing the price of an altcoin

[forexandcryptoauditor]

From my point of view, even though btc and altcoins are some what similar with respect to the blockchain technology, there should not be dependency. However, being father of cryptocurrency, and due to market capitalization, btc and altcoins are logically dependent. This has created huge dominance by btc and thus it actually drives entire market.

[DrBeer]

Of course not ! For example, stable coins. They are pegged to the dollar, and their price does not change from the value of the bitcoin. And dependence will not appear in any way and under no circumstances! Actually, they are made in order to be fixed in the analogue of fiat, without fiat exchange.

[ScamViruS]

I don't think all altcoins are value dependent on bitcoin. I think it all depends on market demand, and what is certain is that investors are very influential in increasing the price of an altcoin

It depends on Bitcoin Look at the current situation of the altcoin market and compare the price of bitcoin with how the altcoin market has reacted. Whale traders who need to take huge positions are needed to create demand in the market. When the Bitcoin market is on an up trend, whale traders will trade in the market and will also look at the altcoin market.

So if the situation in the bitcoin market is in a good position then you can expect something good from altcoin, otherwise you should stay away from this market.

[Danslip]

Of course not ! For example, stable coins. They are pegged to the dollar, and their price does not change from the value of the bitcoin. And dependence will not appear in any way and under no circumstances! Actually, they are made in order to be fixed in the analogue of fiat, without fiat exchange.

Not? Why do you think so? The potential of any project doesn't matter for an uptrend unless the Bitcoin chart is bullish. The dependence is real and the BTC dominance affects the altcoin markets in every market cycle. The main reason why altcoins can't reach ATH prices is because of the downtrend on the BTC charts. Checking the previous market history, you can see how this dependence works between altcoins and the Bitcoin market. The BTC dominance goes down and the prices pump for almost all altcoins.

[ILuckyGuyI]

Except the forks like Bitcoin Cash etc., not all of the altcoins in the market are dependent on Bitcoin. It is true that majority of them move exactly the same way with Bitcoin price. The reason why is that Bitcoin has a huge dominance in the market (it's around 45% now). So, its movements affect the others also.

[bastian466]

It is said that there is no relationship between altcoins and bitcoin but there is an influence I think everything is interconnected if traders can certainly judge what is happening in the market, what's more, traders who have known cryptocurrencies for a long time will understand it better

The influence is very direct because as we know the most dominant coin in this market is bitcoin and almost everything in this market has a trading pair against bitcoin, now it could be expected that if the price of bitcoin goes down then altcoins could go up but this is not the case because before the price of bitcoin goes down traders get out of their altcoin positions first and only then they get out of their bitcoin positions, which is what causes that altcoins show movements that are so similar to the ones we see in bitcoin.

Because the pair experienced a decline, the opponent was also affected by the decline in value, if I pay attention when bitcoin and altcoin bleed, only usdt turns green

[lousie9]

Maybe Bitcoin is more accurate as a medium of exchange from several altcoins available in several markets and remember Bitcoin and altcoins are the same investment tool in the world, namely cryptocurrency, of course if bitcoin crashes then all altcoins also crash because they switch to stable coins like usdt, but still all of that because of the supply and demand that occurs in crypto.

[dota2bestplayer]

I feel like this. In my opinion, whenever Bitcoin rises, most of the altcoins also rise. Bitcoin begins to fall sharply, and altcoins also fall with it. In fact, it is all because in the crypto market, the decline of Bitcoin affects the market value, and people's panic psychology will sell them one after another. This is the reason for this phenomenon.

[John Jefferson]

At present, Altcoin do depend on Bitcoin, and I think there are several reasons: 1. Some altcoins project party does not have good technical support or good marketing strategy, so that people do not believe in their project. Once the market fluctuates sharply, people will immediately sell their altcoins, which leads to a serious price decline. 2.Bitcoin has been in existence for more than ten years. After many blows, its price has been rising for a long time. It is hard to say whether it can recover if it is a altcoins. All in all, it will be difficult for altcoin to escape the influence of Bitcoin, which has become a bellwether as the leader of cryptocurrencies, unless there is a stronger consensus among other altcoins and technology that may surpass Bitcoin in the future.

[tersek]

In my opinion, not all cryptocurrencies depend on Bitcoin, but Bitcoin certainly influences global cryptocurrency price movements because Bitcoin has a very large share in the global crypto market capitalization, so when the price goes down or up it will affect other cryptocurrencies.

[tarable]

In my opinion, not all cryptocurrencies depend on Bitcoin, but Bitcoin certainly influences global cryptocurrency price movements because Bitcoin has a very large share in the global crypto market capitalization, so when the price goes down or up it will affect other cryptocurrencies.

Yes, it is clear, in general it is not all affected by Bitcoin by cryptocurrency, but everyone can see that popular coins are always influenced by the movement of Bitcoin in the market so that many make Bitcoin the basic price benchmark for other cryptocurrencies.

[domoy77]

In my opinion it is very clear that altcoins are very dependent on bitcoin movements, in fact when BTC goes up altcoins will also go up, and vice versa if BTC goes down altcoins also go down, although there are some cases altcoins do not necessarily follow the bitcoin trend, but in general altcoins are very dependent on BTC.

That's right, I've seen that kind of thing in the past as well as in the present, so it's clear that in general Altcoins are always dependent on Bitcoin conditions so when there is a downturn in the market, the main thing to watch out for is Bitcoin.

[leetcoiner]

Alas, this is so, the entire altcoin market is inevitably tied to the price of bitcoin.
Thus, for the normal functioning of the altcoin market, it is necessary for bitcoin to stand in place or grow slowly.

[South Park]

Not all altcoins depend on altcoins. Bitcoin is certainly the king of crypto assets and has the highest rating and highest volume. Each altcoin has different prospects so that the prospects cannot be generalized. However, one of the factors that have an influence on the prospects of altcoins is the innovation and the way each altcoin dominates the crypto asset market. altcoin price increases can vary and are not exactly the same as Bitcoin. Altcoins can be an alternative investment choice when Bitcoin prices are too expensive.

In a way you are right but not on the way you think, a great deal of the altcoins eventually go to zero, for many altcoins this is the only independent movement they show from bitcoin so at least we can say in their last moments they did something that bitcoin has never done , but now being serious it is true we can see some independent movements coming from altcoins but most of the time they just follow bitcoin and this is because they do not have developed a strong market by themselves and people are just speculating with the coin without any interest in holding it for the long term.

[tabas]

Alas, this is so, the entire altcoin market is inevitably tied to the price of bitcoin.
Thus, for the normal functioning of the altcoin market, it is necessary for bitcoin to stand in place or grow slowly.

The growth slowly by bitcoin is there and altcoins are reliant to bitcoin. That's no question because most pairs are with bitcoin although some dexes provide liquidity even without the pairing of bitcoin still, that's going to the market of bitcoin when most traders are doing it to hold as much as bitcoin as they want and sell it for bitcoin.

[Mahanton]

Alas, this is so, the entire altcoin market is inevitably tied to the price of bitcoin.
Thus, for the normal functioning of the altcoin market, it is necessary for bitcoin to stand in place or grow slowly.

The growth slowly by bitcoin is there and altcoins are reliant to bitcoin. That's no question because most pairs are with bitcoin although some dexes provide liquidity even without the pairing of bitcoin still, that's going to the market of bitcoin when most traders are doing it to hold as much as bitcoin as they want and sell it for bitcoin.

Most of them do really go along with bitcoins trend specially if its on deep reds then you can really see on how the market reacts. People or investors are pulling off their funds
as they do really have those kind of thoughts where the market would go  down even more deeper which would cause for bitcoin to go down and thats already a casual
impression or behavior of the market but there are instances where alts do go into the opposite way but just really for temporary and when bitcoin starts to
show up some green candles then thats the time where everything do goes back to much better market situation.

[HanaTenun]

The biggest reason is because Bitcoin was the first and because of that bitcoin is the pioneer from any other alts and most of the another currency is just copycat of bitcoin and one more thing is Bitcoin has the most secure network. So i think this is the reason why when bitcoin fall any other alts will fall too.

You could say bitcoin is the father and mother of cryptocurrency. it is natural for altcoins to follow the development and market growth of bitcoin.
no one would have thought that there would be an altcoin that could replace bitcoin's position in the crypto market. it's too vital I guess.

[Abiky]

Alas, this is so, the entire altcoin market is inevitably tied to the price of bitcoin.
Thus, for the normal functioning of the altcoin market, it is necessary for bitcoin to stand in place or grow slowly.

For altcoins to rise all the way to the moon, Bitcoin needs to go up. That's largely because the entire crypto market relies on Bitcoin as the reserve cryptocurrency. As far as code is concerned, not every altcoin is dependent on Bitcoin to succeed. Ethereum is a good example of this, making strides on its own as the largest smart contract platform in the world with a unique codebase.

For useless Bitcoin-based forks like Bitcoin SV and Bitcoin Cash, that's another story. These forks need Bitcoin, or they'll go all the way down the drain. They're only using the "Bitcoin" branding/name just to gain public exposure. But they won't survive on their own, if they decide to part ways (like changing their name, codebase, etc). I don't think the crypto market will "let go" of Bitcoin, unless a new cryptocurrency with a new technology that will rival Blockchain tech comes into fruition. Just my thoughts

[TOM Bb]

Although DeFi and mortgage-related cryptocurrency market performance is very strong. But I think Bitcoin is the king. It dominates the entire cryptocurrency market.

[Louis Harper]

Many altcoins now rely on Bitcoin because they are created based on Bitcoin's blockchain technology. At present, Bitcoin is still the dominant player in the encryption field. More than ten years have changed the size of Bitcoin. The consensus will naturally be stronger than other altcoins. This leads to when the market is bad, people will sell their altcoins due to FUD, and then use the money to buy bitcoins. This is Bitcoin’s blood-sucking reaction is because everyone recognizes Bitcoin most as it is like gold. In troubled times, when legal currency depreciates, people will only hoard gold, and no one will guard the legal currency in their hands. It is the same reason.

[ARTURVH]

Bitcoin has the highest value in  the currency market, and it is responsible for the volatility of other altcoins. Even if more altcoins emerge in the future, they will not be able to affect the dominance of Bitcoin.

[wmaurik]

Although DeFi and mortgage-related cryptocurrency market performance is very strong. But I think Bitcoin is the king. It dominates the entire cryptocurrency market.

Yes, and it has happened a long time ago so that until now it is still very worthy to be called the king of Bitcoin, because the dominance of Bitcoin has not been able to be broken by the Altcoins that already exist in the crypto space.

[tabas]

Alas, this is so, the entire altcoin market is inevitably tied to the price of bitcoin.
Thus, for the normal functioning of the altcoin market, it is necessary for bitcoin to stand in place or grow slowly.

The growth slowly by bitcoin is there and altcoins are reliant to bitcoin. That's no question because most pairs are with bitcoin although some dexes provide liquidity even without the pairing of bitcoin still, that's going to the market of bitcoin when most traders are doing it to hold as much as bitcoin as they want and sell it for bitcoin.

Most of them do really go along with bitcoins trend specially if its on deep reds then you can really see on how the market reacts. People or investors are pulling off their funds
as they do really have those kind of thoughts where the market would go  down even more deeper which would cause for bitcoin to go down and thats already a casual
impression or behavior of the market but there are instances where alts do go into the opposite way but just really for temporary and when bitcoin starts to
show up some green candles then thats the time where everything do goes back to much better market situation.

Yes, there are times that alts don't go the same as bitcoin. We see that many times and you're lucky if the coins you're holding aren't going with bitcoin's lead through correction.
But if that happened, it's not going to take any longer because just after a few days, it will also be doing the same as bitcoin's.

[devil2man]

Unfortunately it is the sad current truth that almost all altcoins with very few exceptions follow the bitcoin market trend if the bitcoin goes up they too go up if the bitcoin goes down they also go down they were created as the bad copy of bitcoin, but I am confident that this situation can change and that the value of each altcoin will be given only by its potential and no longer necessarily follow the trail of bitcoin

[Golftech]

Unfortunately it is the sad current truth that almost all altcoins with very few exceptions follow the bitcoin market trend if the bitcoin goes up they too go up if the bitcoin goes down they also go down they were created as the bad copy of bitcoin, but I am confident that this situation can change and that the value of each altcoin will be given only by its potential and no longer necessarily follow the trail of bitcoin

I think the strong dependency of alt coins on the bitcoin market comes from the close interaction from the traders. Most investors and traders who hold alt coins also own bitcoins. That means if we are selling bitcoins we will likely also sell our alt coins. It is human nature to be afraid, so if we are afraid to lose money in bitcoins we are also afraid to lose money with alt coins. It is very unlikely that we are selling bitcoins and put all the money in alt coins during a downward trend.

Both still working alongside and there's a  big chance that in each market movement for bitcoin it

will affects the sentiments of alts, if fear is being felt around bitcoin then expect that the same thing

will happen to alt community, as like what you mentioned most bitcoin investors are also alts coin

investors.

[South Park]

Unfortunately it is the sad current truth that almost all altcoins with very few exceptions follow the bitcoin market trend if the bitcoin goes up they too go up if the bitcoin goes down they also go down they were created as the bad copy of bitcoin, but I am confident that this situation can change and that the value of each altcoin will be given only by its potential and no longer necessarily follow the trail of bitcoin

While it is natural that the projects that are not really that good have problems moving independently form bitcoin at the same time even the projects that are any good are going to have problems with that, after all bitcoin is by far the most dominant coin in the market, and it is believed that the market dominance is even higher than what the stats show, so with this in mind even good coins have problems moving independently from bitcoin simply because bitcoin is too big, and if it moves they move with it whether people like this or not.

[sherenikaw]

BTC is the supreme coin or parent coin in crypto. So indeed all movements of BTC up or down will be in the spotlight for investors. I think altcoins are not dependent on BTC because some altcoins can be stable when the price of BTC is collapsing. That means that altcoins are not dependent on BTC. it's just that the price of BTC fell into the spotlight and made many people panic so they panicked to sell. That's what makes a lot of altcoins also go down and the market becomes chaotic.

[Liamttw]

The market volatility of altcoins tends to follow Bitcoin. When the price of Bitcoin rises, the price of most altcoins will also show an upward trend, and when the price of Bitcoin falls, the altcoins will also fall. Bitcoin is the mainstream currency among cryptocurrencies, and its price fluctuations have a certain impact on the price of altcoins.

[Luffygroove]

I don't think it's built upon the foundation of BTC. BTC is the standard because it's the first crypto ever built, it's the longest and most popular crypto, and most general people enter the crypto world because they know BTC first. So it's common sense if its price affecting Alts crypto. The logic of it, that whales moving their fund whenever BTC crashes and buy it, so Altcoins will suffer from selling. However, I saw many Altcoins unaffected by BTC price and soar high because of its own fundamental and support from its community.

[indrakusumaindra]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Well its just how the market works, bitcoin always have a huge affection towards entire market of cryptocurrency. But sometimes there is a coin that not affected by bitcoin price and it used to be seen when the market in bear phase which bitcoin price seems to stuck cause the big correction after the huge pump. For example LINK which grow when market seems not really good i also see the same move on UBT which is have rank 500 and able to climb to rank 76. Its true that bitcoin affect all the coins but that just how the market works even market stock also have bullish market and bear market seasons which i think its not a weird thing.

[Sithara007]

The market volatility of altcoins tends to follow Bitcoin. When the price of Bitcoin rises, the price of most altcoins will also show an upward trend, and when the price of Bitcoin falls, the altcoins will also fall. Bitcoin is the mainstream currency among cryptocurrencies, and its price fluctuations have a certain impact on the price of altcoins.

Unlike the case with Bitcoin, the altcoin prices are not normally denominated in terms of fiat. They are normally shown in BTC, or in Ethereum (especially for the ERC-20 tokens). So the price fluctuations for alts are normally measured in terms of BTC or ETH. If the exchange rate against BTC remains stable, then in normal circumstances the alt price will go down against fiat when such a movement occurs for Bitcoin. More than 10 years have passed since the first altcoin was mined. And unfortunately till now, I haven't come across an altcoin which can exist without Bitcoin.

[Sayeds56]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

I think all altcoins are Bitcoin dependent with no exception even Ethereum follows Bitcoin trend but when Bitcoin Price goes up, alts fall in alts/Bitcoin pairs and increase in Alts/USDT pairs. The real pump comes in alts when BTC Price is stable and its Dominance Index starts falling. Bitcoin Dominance Index plays very important role on behavior of Alts market.

[andriarto]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

I think all altcoins are Bitcoin dependent with no exception even Ethereum follows Bitcoin trend but when Bitcoin Price goes up, alts fall in alts/Bitcoin pairs and increase in Alts/USDT pairs. The real pump comes in alts when BTC Price is stable and its Dominance Index starts falling. Bitcoin Dominance Index plays very important role on behavior of Alts market.

we can see when this year's bullrun occurs, where the price increase begins with bitcoin, and behind it is followed by altcoins with different increases, until that time there must be one altcoin that skyrocketed fantastically, but we must be careful in that game, because will resell it suddenly, and ends with a lot of people smiling and a lot of people crying

[Sithara007]

I don't think at this time, the presence of fixed coin such as USDT, USDC and so on makes bitcoin power continue to decline, even the daily transaction volume of bitcoin is under fixed coin and this is good because it reduces dependence on bitcoin.

I don't think that stablecoins take the power away from Bitcoin. A stablecoin is essentially fiat currency in crypto format. And unlike the case with CBDCs, these stablecoins are issued by various cryptocurrency exchanges (central banks in case of CBDCs). No one invests in stablecoins, because the potential returns are zero. If stablecoins pose challenge to anyone, then it is for the fiat currencies. Due to the way they are designed, stablecoins can't offer any competition for proper cryptocurrencies such as Bitcoin, Ethereum, Cardano or Binance Coin.

[Teknisi88]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

According to what I've seen it looks like altcoins depend on bitcoin.
Most Altcoins in circulation are still designed based on the framework found in Bitcoin.
In the investment field, both have different prices, Bitcoin prices are much more expensive when compared to Altcoins.
When Bitcoin experienced an increase, Altcoins also felt the positive impact, where investors made this international payment instrument as an investment alternative.

[marine4u]

Is there no independence in the cryptocurrency world?

Altcoins are dependent on bitcoin, with the exception of some exceptional cases where there is a macro crash at a certain point in time.  Doge and Elon went up twice - while BTC went down at that time.  but all will not escape the position and rope of bitcoin.  That is all

[South Park]

I don't think it's built upon the foundation of BTC. BTC is the standard because it's the first crypto ever built, it's the longest and most popular crypto, and most general people enter the crypto world because they know BTC first. So it's common sense if its price affecting Alts crypto. The logic of it, that whales moving their fund whenever BTC crashes and buy it, so Altcoins will suffer from selling. However, I saw many Altcoins unaffected by BTC price and soar high because of its own fundamental and support from its community.

Almost all altcoins will at some point present independent movement from bitcoin, the question is if they can maintain this kind of movement and for the most part the answer to that is no, even ethereum which is the second coin in the market has huge problems doing that and if ethereum cannot do it then there is no altcoin that can do it, this means that people that want to earn money need to time the moment they enter in altcoins, as doing it at the wrong time can cost them a fortune.

[sulis sudibyo]

With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.

I think all altcoins are Bitcoin dependent with no exception even Ethereum follows Bitcoin trend but when Bitcoin Price goes up, alts fall in alts/Bitcoin pairs and increase in Alts/USDT pairs. The real pump comes in alts when BTC Price is stable and its Dominance Index starts falling. Bitcoin Dominance Index plays very important role on behavior of Alts market.

Yes you're right. Bitcoin dominance plays an important and influential role in the crypto market. that's why all altcoins will rely heavily on bitcoin in their development. the market wouldn't be so big today without the intervention of bitcoin. just look at the bullrun always starts from bitcoin, and vice versa.

[Abiky]

Almost all altcoins will at some point present independent movement from bitcoin, the question is if they can maintain this kind of movement and for the most part the answer to that is no, even ethereum which is the second coin in the market has huge problems doing that and if ethereum cannot do it then there is no altcoin that can do it, this means that people that want to earn money need to time the moment they enter in altcoins, as doing it at the wrong time can cost them a fortune.

We could say that EVERY altcoin is dependent on Bitcoin one way or another. That's because Bitcoin is the one cryptocurrency that started it all. Without Bitcoin, none of this would've been possible today. It's the reason why every crypto exchange lists an altcoin with Bitcoin as the main trading pair. Being the reserve cryptocurrency itself, gives it a huge advantage over its competitors. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, I don't see any altcoin becoming independent from Bitcoin anytime soon. Just my thoughts

[South Park]

Almost all altcoins will at some point present independent movement from bitcoin, the question is if they can maintain this kind of movement and for the most part the answer to that is no, even ethereum which is the second coin in the market has huge problems doing that and if ethereum cannot do it then there is no altcoin that can do it, this means that people that want to earn money need to time the moment they enter in altcoins, as doing it at the wrong time can cost them a fortune.

We could say that EVERY altcoin is dependent on Bitcoin one way or another. That's because Bitcoin is the one cryptocurrency that started it all. Without Bitcoin, none of this would've been possible today. It's the reason why every crypto exchange lists an altcoin with Bitcoin as the main trading pair. Being the reserve cryptocurrency itself, gives it a huge advantage over its competitors. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, I don't see any altcoin becoming independent from Bitcoin anytime soon. Just my thoughts

And you are right but there is even more to that, almost all coins have a bitcoin trading pair and the ones that do not do and that are paired to ethereum are still dependent on bitcoin as ethereum is dependent on bitcoin, so no coin can escape the influence of bitcoin and when we add that a great deal of the coins are not really original and are just forks of other coins which are just slightly modified copies of bitcoin then it is easy to see why all the market is still dependent on bitcoin and what it does.

[Samurai trieng]

I think all altcoins follow the movement of the bitcoin, because of all cases that occur every time bitcoin experiences a decrease or increase altcoins are always under the control of the bitcoin, and it is very clear that altcoins are very dependent on the bitcoin, and my perception is that the bitcoin is the mother of all altcoins,

[ZAINmalik75]

Yeh I think it's absolutely right because I observe market from long time and all time I got that when bitcoin price goes down mean bearish start ethereum also start bearishing his price and when bitcoin price start bullishing mean bull start ethereum also start to bullishing his price so it mean that its fully dependent on bitcoin.
I observe this phenomena not only one time I had observe it too much time

[no-ice-please]

Almost all altcoins will at some point present independent movement from bitcoin, the question is if they can maintain this kind of movement and for the most part the answer to that is no, even ethereum which is the second coin in the market has huge problems doing that and if ethereum cannot do it then there is no altcoin that can do it, this means that people that want to earn money need to time the moment they enter in altcoins, as doing it at the wrong time can cost them a fortune.

We could say that EVERY altcoin is dependent on Bitcoin one way or another. That's because Bitcoin is the one cryptocurrency that started it all. Without Bitcoin, none of this would've been possible today. It's the reason why every crypto exchange lists an altcoin with Bitcoin as the main trading pair. Being the reserve cryptocurrency itself, gives it a huge advantage over its competitors. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, I don't see any altcoin becoming independent from Bitcoin anytime soon. Just my thoughts

Yes and that is where most guys in the industry agree upon already. As Bitcoin is so similar to gold it will probably forever remain a kind of reserve currency for all other cryptocurrencies that might be launched in the future. But I would say that crashes in Ethereum could also lead to other coins getting dumped. Ethereum also has a bit of a reserve currency characteristic.

[Caldear]

The value of Bitcoin does have a crucial position in the crypto market, but not all altcoins rely on Bitcoin. According to the trend chart, it can be found that the price of general altcoins will be affected by the price of Bitcoin. When the price of Bitcoin increases, the price of most popular altcoins will also increase, and when it falls, it will also decrease.

[roosbit]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Connected in terms of price, I would like to think so especially those with smaller communities because when bitcoin is affected with some news and it crashes or pumps, other coins do follow but not all the time.
Then there are times some when bitcoin is going down but some altcoins are reacting opposite which says they aren't dependent on btc.

[john1010]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

some may and some may not, because as we can see everytime btc price falls, the alts also falling it's price, but Im not disclosing it to my observation, some or very few alts not affected the price when btc drops specially the nft gaming tokens.

[SlimShadyMmp]

No I really dont think they have tie The only issue is the pairing that cause problem sometimes and then maybe preferences on which coin to hold when market is capitulating Most people will dump alts first then market crash for btc or any higher coins because they think is safe heaven. Pairing also affect the coin price since most coins if not all have pairings to either eth or btc and once one dumps the other follows except when there is higher buying pressure on either one of the coins

[gwdf1]

There are only several altcoins like BCH, BSV built upon BTC, they are called Bitcoin forks. But even they don’t always follow the Bitcoin movement. On the other hand, you might have noticed that all altcoins follow Bitcoins global trends. It happens because if people see that BTC is falling and a bear market is possible, they get rid of altcoins first, as they are more risky.

So we often observe that when there is a severe crash of BTC, all other coins also crash.

[liqidoxgen]

There is no direct dependence of most altcoins on the state of bitcoin. However, it should be understood that large investors mostly hold bitcoin. Therefore, when the market enters a stage of uncertainty, these investors try to protect themselves by going into dollars. Looking at their example, small altcoin investors also seek to temporarily divest their assets.

[ninkdwi]

yes in my opinion all altcoins depend on bitcoin because if bitcoin market down all alternate coin goes down . we say bitcoin the mother of cryptocurrency. in future whays heppen we dont know but present time all altcoin depend on bitcoin....

it's true because basically bitcoin is one of the references for altcoins to adjust prices, but not all altcoins refer to bitcoin in the sense that only those connected to bitcoin can be said to be like that. There are many examples of altcoins that don't follow bitcoin like bitcoin cash etc.
Don't generalize all altcoins are all bitcoin because some are not.

[no-ice-please]

yes in my opinion all altcoins depend on bitcoin because if bitcoin market down all alternate coin goes down . we say bitcoin the mother of cryptocurrency. in future whays heppen we dont know but present time all altcoin depend on bitcoin....

it's true because basically bitcoin is one of the references for altcoins to adjust prices, but not all altcoins refer to bitcoin in the sense that only those connected to bitcoin can be said to be like that. There are many examples of altcoins that don't follow bitcoin like bitcoin cash etc.
Don't generalize all altcoins are all bitcoin because some are not.

It is the case although I sometimes hope the day will come that literally every single other coin follows Bitcoin. By now there are too many different coins if you look at how similar they move to Bitcoin. There are other algorithms, other functionalities and much more differences. The biggest problem I see that might impact every single coin is when cryptocurrencies as a whole get attacked or punished by law and regulation, but that is not always the case. When China bans Bitcoin mining, why would all PoS coins go down as well? Or why would coins go down that get mined majority in other countries? That is a bit odd.

[andeluna]

BTC is not the foundation of altcoins because altcoins have its own usage and market value. Bitcoin has the highest value altcoins thats why if its price drop or increase it will affect the other altcoins as BTC is the main crypto currency in the wolrd.

[ROSERTY]

Bitcoin is the king of encryption and has the largest market dominance in the entire market value of cryptocurrencies. The price of Bitcoin will affect the price of other altcoins. When the price of Bitcoin falls, the price of most altcoins will also fall. When the price of Bitcoin rises, the price of altcoins will generally increase. Although some altcoins have independent chains, their momentum still closely follows the Bitcoin trend.

[Sithara007]

BTC is not the foundation of altcoins because altcoins have its own usage and market value. Bitcoin has the highest value altcoins thats why if its price drop or increase it will affect the other altcoins as BTC is the main crypto currency in the wolrd.

In theory, altcoins have their own unique usage. But in 90% of the cases, they are just used as a mode of payment, or as a store of value (especially with stablecoins). And with so much competition in the payments sector (and where the recent growth is minimal), there is a lot of overlap between the altcoins and Bitcoin. Since both of them are used for the same purpose, the exchange rates will also remain closely linked. On top of that, the user profile is also very similar. It will be very difficult to find cryptocurrency users who exclusively use either BTC or altcoin. In the vast majority of the cases, they will be using both.

[Devifajarina]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

That's the pattern that is done in this world, the attachment between each other cannot be separated from the supervision of those in power, BTC itself has prepared a pattern that binds all coins, meaning that if BTC crashes, other coins will also receive the effect.

If this is not done, then BTC will continue to be eroded by time and they will not be able to stay in the top position, this pattern will continue as long as they feel the need to be applied so that stability can continue to be maintained.

Talking about independence in the cryptocurrency world is not so important to them, meaning that as long as both of them feel that they are benefiting from this pattern, what is considered is not independence, then the cryptocurrency world is only controlled by those who have the capacity and have stood the test of time.

Recently I heard that there is a group of people who want to create independence in the cryptocurrency world that they control in China, but we haven't seen the maximum results from them, hopefully in the future there will be a team that can change this rule, I hope so???

[Golftech]

yes in my opinion all altcoins depend on bitcoin because if bitcoin market down all alternate coin goes down . we say bitcoin the mother of cryptocurrency. in future whays heppen we dont know but present time all altcoin depend on bitcoin....

it's true because basically bitcoin is one of the references for altcoins to adjust prices, but not all altcoins refer to bitcoin in the sense that only those connected to bitcoin can be said to be like that. There are many examples of altcoins that don't follow bitcoin like bitcoin cash etc.
Don't generalize all altcoins are all bitcoin because some are not.

The trend still relies the most with how Bitcoin market moves, though you are right it shouldn't be generalize

but instead work on with the project that you understand more clearer, the market for now is moving against

Bitcoin if you trace it back from the last time high.

[no-ice-please]

yes in my opinion all altcoins depend on bitcoin because if bitcoin market down all alternate coin goes down . we say bitcoin the mother of cryptocurrency. in future whays heppen we dont know but present time all altcoin depend on bitcoin....

it's true because basically bitcoin is one of the references for altcoins to adjust prices, but not all altcoins refer to bitcoin in the sense that only those connected to bitcoin can be said to be like that. There are many examples of altcoins that don't follow bitcoin like bitcoin cash etc.
Don't generalize all altcoins are all bitcoin because some are not.

The trend still relies the most with how Bitcoin market moves, though you are right it shouldn't be generalize

but instead work on with the project that you understand more clearer, the market for now is moving against

Bitcoin if you trace it back from the last time high.

Tell me one single coin (except for stable coins....) that completely resisted a hard Bitcoin crash. Like Bitcoin crashed 25% within a week or even more and there was this one coin that even went up consistently, not only once because it got pumped. I am sure you won't find one. If Bitcoin crashes really badly, the whole market goes down.

[Abiky]

Yes and that is where most guys in the industry agree upon already. As Bitcoin is so similar to gold it will probably forever remain a kind of reserve currency for all other cryptocurrencies that might be launched in the future. But I would say that crashes in Ethereum could also lead to other coins getting dumped. Ethereum also has a bit of a reserve currency characteristic.

All altcoins come from Bitcoin, whereas all ERC-20 and ERC-721 tokens come from Ethereum. This explains why Bitcoin acts as the reserve cryptocurrency of the market, while Ethereum acts as the reserve cryptocurrency of tokens. Without these big players (BTC and ETH) leading the way, other cryptocurrency projects will be doomed. As I've said many times before, Bitcoin is the original cryptocurrency which started it all. Without it, none of this would've been possible. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, everything will remain most likely the same as it is right now.

Altcoins will come and go, but Bitcoin will become stronger than ever before. It doesn't matter if altcoins are dependent from Bitcoin or not. What matters is how useful the coin is for mainstream payments. As long as an altcoin has real use cases for the mainstream world, nothing else matters. Just my thoughts

[bitzizzix]

Most are possible and but not all like stablecoins, the ups and downs of the two won't affect it, and perhaps the main reason why prices are so highly correlated is that many altcoins are bought with bitcoin. So, buying bitcoin is followed by buying altcoins which pushes the price of both coins up.
and conversely if anyone wants to sell their altcoin, they will first sell that altcoin for bitcoin, and then sell bitcoin for cash and this pushes both prices down.

[XUNing]

Not all altcoins depend on Bitcoin, but Bitcoin and altcoins have a certain correlation. Generally, the price of most altcoins changes with the changing trend of Bitcoin prices. Through the market trend, you will find that when the price of Bitcoin rises, the price of some altcoins will also rise. But sometimes Bitcoin and altcoins have different market trends.

[carlisle1]

BTC is not the foundation of altcoins because altcoins have its own usage and market value. Bitcoin has the highest value altcoins thats why if its price drop or increase it will affect the other altcoins as BTC is the main crypto currency in the wolrd.

In theory, altcoins have their own unique usage. But in 90% of the cases, they are just used as a mode of payment, or as a store of value (especially with stablecoins). And with so much competition in the payments sector (and where the recent growth is minimal), there is a lot of overlap between the altcoins and Bitcoin. Since both of them are used for the same purpose, the exchange rates will also remain closely linked. On top of that, the user profile is also very similar. It will be very difficult to find cryptocurrency users who exclusively use either BTC or altcoin. In the vast majority of the cases, they will be using both.

Mostly store for investment that's why the value are really close together,  Until now we are seeing that they continue
to work alongside and not  independently, Bitcoin continue being used as benchmarks of every alts.

The value still relies with how community support Bitcoin, and that's reality until there's coin aside from stable coin
this cycle will continue working like this.

Very difficult as aside from BNB and ETH which been recognized by more users and traders, other coins will continue to wait for mass adoptions.

[no-ice-please]

Yes and that is where most guys in the industry agree upon already. As Bitcoin is so similar to gold it will probably forever remain a kind of reserve currency for all other cryptocurrencies that might be launched in the future. But I would say that crashes in Ethereum could also lead to other coins getting dumped. Ethereum also has a bit of a reserve currency characteristic.

All altcoins come from Bitcoin, whereas all ERC-20 and ERC-721 tokens come from Ethereum. This explains why Bitcoin acts as the reserve cryptocurrency of the market, while Ethereum acts as the reserve cryptocurrency of tokens. Without these big players (BTC and ETH) leading the way, other cryptocurrency projects will be doomed. As I've said many times before, Bitcoin is the original cryptocurrency which started it all. Without it, none of this would've been possible. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, everything will remain most likely the same as it is right now.

Altcoins will come and go, but Bitcoin will become stronger than ever before. It doesn't matter if altcoins are dependent from Bitcoin or not. What matters is how useful the coin is for mainstream payments. As long as an altcoin has real use cases for the mainstream world, nothing else matters. Just my thoughts

While I mostly agree with your description, it ultimately leads to Bitcoin ruling them all, including Ethereum of course. When Bitcoin drops, everything drops including Ethereum. When Ethereum drops and Bitcoin doesn't, all tokens on the Ethereum network also drop. It has to do with Bitcoin also being the best and most important indicator we have. If Bitcoin moves significantly, there is definitely a reason involved that affects all cryptos anyway, like outright bans of cryptocurrency. That's why we need another Bitcoin bull run, and a Bitcoin bull run only to also see all other coins go up!

[South Park]

Almost all altcoins will at some point present independent movement from bitcoin, the question is if they can maintain this kind of movement and for the most part the answer to that is no, even ethereum which is the second coin in the market has huge problems doing that and if ethereum cannot do it then there is no altcoin that can do it, this means that people that want to earn money need to time the moment they enter in altcoins, as doing it at the wrong time can cost them a fortune.

We could say that EVERY altcoin is dependent on Bitcoin one way or another. That's because Bitcoin is the one cryptocurrency that started it all. Without Bitcoin, none of this would've been possible today. It's the reason why every crypto exchange lists an altcoin with Bitcoin as the main trading pair. Being the reserve cryptocurrency itself, gives it a huge advantage over its competitors. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, I don't see any altcoin becoming independent from Bitcoin anytime soon. Just my thoughts

Yes and that is where most guys in the industry agree upon already. As Bitcoin is so similar to gold it will probably forever remain a kind of reserve currency for all other cryptocurrencies that might be launched in the future. But I would say that crashes in Ethereum could also lead to other coins getting dumped. Ethereum also has a bit of a reserve currency characteristic.

And this is natural, after all there are hundreds if not thousands of coins running above the ethereum network so all of those coins are very sensitive to everything that happens in the network, like the price going up or down and the fees being high or low, however its effect on the market pales in comparison to what bitcoin does and this is not surprising since we know that the majority of the interest of most users and institutional investors is in bitcoin and most of the transactions that includes goods and services also use bitcoin, which means that its dominance is way higher than what the numbers show.

[Investo20]

No altcoin is build on Bitcoin network till now. And I hope in future also there will be none. This is the fun fact of bitcoin.
There is no person or foundation who can control it or create it or destroy it. Fully anonymous. This feature attracts people to invest in bitcoin more than other coin as no one will be comfortable to put their funds into others custody. That's why big investors are in bitcoin and Bitcoin has the major Marketcap in Crypto.
Here is the noticeable thing, emotion rather sentiment play a huge role here. As bitcoin goes down it makes the market sentiment bearish. People starts taking out their money. That's why the altcoins also goes down. Here we can't apply the basic calculation logic.

[no-ice-please]

Almost all altcoins will at some point present independent movement from bitcoin, the question is if they can maintain this kind of movement and for the most part the answer to that is no, even ethereum which is the second coin in the market has huge problems doing that and if ethereum cannot do it then there is no altcoin that can do it, this means that people that want to earn money need to time the moment they enter in altcoins, as doing it at the wrong time can cost them a fortune.

We could say that EVERY altcoin is dependent on Bitcoin one way or another. That's because Bitcoin is the one cryptocurrency that started it all. Without Bitcoin, none of this would've been possible today. It's the reason why every crypto exchange lists an altcoin with Bitcoin as the main trading pair. Being the reserve cryptocurrency itself, gives it a huge advantage over its competitors. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, I don't see any altcoin becoming independent from Bitcoin anytime soon. Just my thoughts

Yes and that is where most guys in the industry agree upon already. As Bitcoin is so similar to gold it will probably forever remain a kind of reserve currency for all other cryptocurrencies that might be launched in the future. But I would say that crashes in Ethereum could also lead to other coins getting dumped. Ethereum also has a bit of a reserve currency characteristic.

And this is natural, after all there are hundreds if not thousands of coins running above the ethereum network so all of those coins are very sensitive to everything that happens in the network, like the price going up or down and the fees being high or low, however its effect on the market pales in comparison to what bitcoin does and this is not surprising since we know that the majority of the interest of most users and institutional investors is in bitcoin and most of the transactions that includes goods and services also use bitcoin, which means that its dominance is way higher than what the numbers show.

Exactly, that is probably the most relevant point you brought up here. While Bitcoin kind of transmits signals to the whole market, for Ethereum it is more natural because if the underlying network nosedives, how could all tokens running on top of it possibly stay afloat? Very true, they'll necessarily nosedive as well.

[zachyboy090118]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Not sure but mostly depend on bitcoin but not all. Some of alts have there own way through their function and own blockchain. But even if we say some alts have own movement, still the impack of btc is there in up and downs in cryptocurrency.

[muratsink]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Not sure but mostly depend on bitcoin but not all. Some of alts have there own way through their function and own blockchain. But even if we say some alts have own movement, still the impack of btc is there in up and downs in cryptocurrency.

All coin price depend with bitcoin but few coins keep up although bitcoin down and now hype NFT coin become most public discussing because raise up to higher price although bitcoin down. But remember with hype coin never take long time for holding because they can dump suddenly when success get much profit and do not care about how much price later down or not.

[no-ice-please]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Not sure but mostly depend on bitcoin but not all. Some of alts have there own way through their function and own blockchain. But even if we say some alts have own movement, still the impack of btc is there in up and downs in cryptocurrency.

All coin price depend with bitcoin but few coins keep up although bitcoin down and now hype NFT coin become most public discussing because raise up to higher price although bitcoin down. But remember with hype coin never take long time for holding because they can dump suddenly when success get much profit and do not care about how much price later down or not.

NFT hasn't that much to do with Bitcoin and yet they will tank if Bitcoin tanks. The reason being that Bitcoin just represents the new digital asset class which NFTs also pertain to. This may change however when NFTs for art manage to decouple their pricing from Bitcoin and build an asset class of their own. This may take a while, probably years but I can imagine that will be the case in the future.

[odukoyaewatomi27]

Bitcoin has effects that can be felt across the entire cryptocurrency market, however bitcoin doesn't have  direct impact on all altcoins

This is because Bitcoin has the largest market cap of all cryptocurrencies and a bullish BTC run make people more open to investing in other altcoins. This however doesn't guarantee a bullish run for altcoins.

But if BTC is in a bearish season, then almost all altcoins also becomes bearish

[Sayeds56]

Bitcoin has effects that can be felt across the entire cryptocurrency market, however bitcoin doesn't have  direct impact on all altcoins

This is because Bitcoin has the largest market cap of all cryptocurrencies and a bullish BTC run make people more open to investing in other altcoins. This however doesn't guarantee a bullish run for altcoins.

But if BTC is in a bearish season, then almost all altcoins also becomes bearish

True. Bitcoin market cap is the highest among all crypto currencies that is why it is dominant currency in crypto space. There is index to measure BTC dominance which is called Bitcoin Dominance index that indicates how much money is flowing into BTC compared to rest of Market. When Dominance index is going up/down alts will move down, Alts will only perform when dominance index is stable.


https://www.tradingview.com/chart/BTC.D/ExuzgcfX-Bitcoin-Dominance-Breakout-it-seems/

[lizarder]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

I hear this saying almost daily from people, that BTC is built on choice in the future, so they should be the solution to every problem that is caused, but in general I can't understand the saying.

In addition, you mentioned that when BTC crashes, other coins crash too, whether other coins rely heavily on bitcoin, or even those who have a role behind other coin crashes. This is something strange for us to know, there is not even room for us to find out.

If this assumption is correct, then it is certain that other coins are very dependent on bitcoin, both in determining the buy and sell prices as well as the top level in market capitalization. Considering what you said about the lack of independence in the cryptocurrency world, I can't understand this openly.

[no-ice-please]

Bitcoin has effects that can be felt across the entire cryptocurrency market, however bitcoin doesn't have  direct impact on all altcoins

This is because Bitcoin has the largest market cap of all cryptocurrencies and a bullish BTC run make people more open to investing in other altcoins. This however doesn't guarantee a bullish run for altcoins.

But if BTC is in a bearish season, then almost all altcoins also becomes bearish

Generally it is, but when BTC starts to be bullish again within a few percent, then Altcoins are also bullish for a few percent because most Altcoins will recover when BTC starts to bull again because of the large demand and supply in the market.

From what I observed in the past most of the time all other coins move a little bit more harsh than Bitcoin. Not always, but quite often that is the case. When Bitcoin moves 5% to 7% up or down, it is not unusual for other coins to move about 10% up or down. Bitcoin is very volatile, but in volatile times it is actually less volatile than the rest of the market.

[arifteguhr]

I hear this saying almost daily from people, that BTC is built on choice in the future, so they should be the solution to every problem that is caused, but in general I can't understand the saying.

You'll understand it when a similar thing happens to you and your asset market, because every down and up in the market has something to do with Bitcoin, regardless of the amount of demand and supply.

[hqthief]

it's because most alts have biggest liquidity on their pairs with BTC, meaning their dollar value is closely affected by btc's dollar value. That's why.

[Bonenx14]

it's because most alts have biggest liquidity on their pairs with BTC, meaning their dollar value is closely affected by btc's dollar value. That's why.

In general this is the case because between dollar pairs and BTC pairs are always the same and also very much in all exchanges so the influence of BTC is always there because BTC was the first cryptocurrency coin that was able to lead the others.

[Dr.Osh]

Bitcoin has effects that can be felt across the entire cryptocurrency market, however bitcoin doesn't have  direct impact on all altcoins

This is because Bitcoin has the largest market cap of all cryptocurrencies and a bullish BTC run make people more open to investing in other altcoins. This however doesn't guarantee a bullish run for altcoins.

But if BTC is in a bearish season, then almost all altcoins also becomes bearish

yes, that is the right thing. indirectly, bitcoin does not affect the bull market for altcoins, because when the price of bitcoin rises as it is today, not all altcoins increase in price. it takes time for investors to choose which altcoin they will choose, thus causing the price of the altcoin to rise. however, when the price of bitcoin falls, it will affect the price of altcoins to fall because of panic.

[Sithara007]

it's because most alts have biggest liquidity on their pairs with BTC, meaning their dollar value is closely affected by btc's dollar value. That's why.

In certain countries, there is a restriction on fiat to cryptocurrency trade (and vice versa). Some of the users depend on stablecoins to avoid this complexity, but most of them restrict their trade to BTC and altcoins. Also, whenever someone converts his fiat to crypto (or crypto to fiat), it needs to be reported to the tax authorities (regulations and tax rules may vary from country to country). So a lot of people prefer to purchase altcoins with BTC. And finally, it is a big headache nowadays to deposit or withdraw fiat in the mainstream cryptocurrency exchanges (especially of you are living in a third world nation such as India).

[kenelmark]

After all, Bitcoin is still the benchmark for altcoins. When the price of Bitcoin goes up, the price of many altcoins mostly goes up as Bitcoin price fluctuations affect investors' confidence in the cryptocurrency market. Rising Bitcoin prices increase investor interest in investing in altcoins and vice versa

Yes, and that sort of thing has happened time and time again, because in the past that was the case so it's not surprising that last April when Bitcoin hit $60K in one unit, Ethereum was at $4K more in one unit.

[Rahman11]

Many altcoins are just Bitcoin clones

Many other such clones exist such as Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, and dozens more. While each one tries to become a better version of Bitcoin, most of the time, they just follow its lead.

https://www.commpro.biz › why-do...
 all altcoins follow Bitcoin?
Historical data suggests that during periods of extreme market turbulence, most altcoins tend to follow Bitcoin's price movements closely.

[CaptainCrapper]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Not depend on BTC but maximum alter coin which is trade on BTC pair then must effect it on price becuse when market manupulate then its must effect on hole market for that reason BTC when dump all alter must effect i think.

[$anounimus$]

Not depend on BTC but maximum alter coin which is trade on BTC pair then must effect it on price becuse when market manupulate then its must effect on hole market for that reason BTC when dump all alter must effect i think.

It could also be the case, but demand and supply are the main effects of the increase and decrease even though it is accompanied by the movement of BTC in the market simultaneously.

[Pandji02]

They are not relying on BTC directly. But when BTC falls a lot of people frustrates and sales all of their crypto. And you can't forget that for a lot of people BTC and crypto is the same thing in their mind.

[TWW]

They are not relying on BTC directly. But when BTC falls a lot of people frustrates and sales all of their crypto. And you can't forget that for a lot of people BTC and crypto is the same thing in their mind.

actually, not everyone will do that. some people with poor emotional control may do so. but for a trader who has been in the market for a long time I believe, they can make wise decisions.

actually, the movement of altcoins is related to the dominance of bitcoin in the market. we know most of the trades in the crypto market are paired with BTC. and that makes it dominate the market very strongly. it is easy for BTC to influence the crypto market as a whole.

[wmaurik]

They are not relying on BTC directly. But when BTC falls a lot of people frustrates and sales all of their crypto. And you can't forget that for a lot of people BTC and crypto is the same thing in their mind.

That's true, and I personally also often sell my cryptocurrencies when I see BTC is falling in price, because any cryptocurrency will still experience price drops when BTC doesn't hold at a good price, this is a fact and not a joke because I have seen it very often in the market.

[DU18]

No not all, there are just so many investors who do panic selling when they see that bitcoin is going down thinking that altcoin will down as well when they see that bitcoin is in red tide. Dont be like them if you know that your token community is good and has potential do not sell, just hold it, it won't go down if you guys do not panic selling.

When the bitcoin price starts to touch its peak, many people want to take profit by selling their bitcoins and that is a natural thing in an investment but as a result the more people who sell bitcoins, the bitcoin price will fall even more and when the price moves down it causes fear on investors, so that more and more people are selling their bitcoins and when the price is falling, of course, many investors are securing their assets in the form of fiat money or stable coins (usdt), is this called a panic sell? I don't think we can say it's an easy thing because after all they all think to minimize losses when the bitcoin price really falls in my opinion.

[Noruka]

No not all, there are just so many investors who do panic selling when they see that bitcoin is going down thinking that altcoin will down as well when they see that bitcoin is in red tide. Dont be like them if you know that your token community is good and has potential do not sell, just hold it, it won't go down if you guys do not panic selling.

When the bitcoin price starts to touch its peak, many people want to take profit by selling their bitcoins and that is a natural thing in an investment but as a result the more people who sell bitcoins, the bitcoin price will fall even more and when the price moves down it causes fear on investors, so that more and more people are selling their bitcoins and when the price is falling, of course, many investors are securing their assets in the form of fiat money or stable coins (usdt), is this called a panic sell? I don't think we can say it's an easy thing because after all they all think to minimize losses when the bitcoin price really falls in my opinion.

When Bitcoin peaks hard and goes into bubble territory, it actually means that the price of Bitcoin is increasing faster than the buying support is building, meaning that liquidity at the price peak becomes extremely thin. Then they have a huge balance in their books, but they can't realize those gains because buying support lacks behind and there is nobody to sell those Bitcoin to at the peak, at least not in masses. That's when a crash is likely and a panic can easily break out, causing other coins to fall as well.

[aylabadia05]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

For me, the birth of Altcoins on the basis of the independence that Bitcoin provides in the cryptocurrency world.
Independence will exist as long as he is able to compete in the crypto market even though there are assumptions like yours that all altcoins are built on the basis of Bitcoin.

[CryptoLogo]

actually of course not, not all altcoins depend on bitcoin, even many altcoins have their own blockchain technology, but in reality that is not the case, almost all altcoins will go down when the bitcoin price also drops, this happens of course because of a panic sell

First you say that not all altcoins are dependent on bitcoin, and then you say the opposite, how is it?
If the price of bitcoin falls, this is the direction of the trend followed by all coins, and it does not matter which technology and how much each individual coin differs.

[Ekyfitri]

actually of course not, not all altcoins depend on bitcoin, even many altcoins have their own blockchain technology, but in reality that is not the case, almost all altcoins will go down when the bitcoin price also drops, this happens of course because of a panic sell

First you say that not all altcoins are dependent on bitcoin, and then you say the opposite, how is it?
If the price of bitcoin falls, this is the direction of the trend followed by all coins, and it does not matter which technology and how much each individual coin differs.

The linkage occurs because the dominance of bitcoin in the crypto market is too high.
the trend that bitcoin creates in the market will definitely have an impact on altcoin assets. not all are typically like that. because at the bull pump sometimes there are assets that can't keep up with bitcoin and other altcoins due to problems in their own community. several aspects will affect the condition of bitcoin and altcoins.

[Serco]

actually of course not, not all altcoins depend on bitcoin, even many altcoins have their own blockchain technology, but in reality that is not the case, almost all altcoins will go down when the bitcoin price also drops, this happens of course because of a panic sell

First you say that not all altcoins are dependent on bitcoin, and then you say the opposite, how is it?
If the price of bitcoin falls, this is the direction of the trend followed by all coins, and it does not matter which technology and how much each individual coin differs.

bitcoin price will influence to market sentiment and psychology , usually it move with same direction except to altcoin that have strong fundamental and released new development update. in this condition investors will switch their bitcoin assets into altcoin. and also it rellated with bitcoin dominance rate, if its rate rise altcoin will drop and vice versa.

[hamba laeh]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

not all altcoins follow the flow of bitcoin movements because altcoins have their own movements. but if anyone is following the movement of bitcoin then it is a normal market condition. and lots of altcoins that went up when bitcoin crashed. but this movement is not determined by bitcoin. please visit the exchange market and pay attention to some that do not follow the movement of bitcoin, surely you will find it.

[kenelmark]

not all altcoins follow the flow of bitcoin movements because altcoins have their own movements. but if anyone is following the movement of bitcoin then it is a normal market condition. and lots of altcoins that went up when bitcoin crashed. but this movement is not determined by bitcoin. please visit the exchange market and pay attention to some that do not follow the movement of bitcoin, surely you will find it.

Let's look at a typical example when the bullrun peaked this year in April, all Altcoins went up along with Bitcoin, and if any Altcoin at that time didn't go up, then it was trash that no one was interested in, I now visit a lot 35 popular exchanges at the time of trading and have never found an Altcoin that experienced an increase in price when Bitcoin fell, except for Stablecoins, and one more proof is that when the correction occurred last May, all Altcoins also experienced the same thing, did you not realize this? this ?

[vermigerous]

In my opinion, not at all that altcoins dependent on bitcoin. Because every altcoin has its own way on increasing or decreasing it's price. I think it's just that bitcoin has the center of crypto prices and thus it sometimes can pull several altcoins prices because of fluctuation. However some altcoin sometimes doesn't depend on bitcoin but has a least value or very low value.

[Xampeuu]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

not all altcoins follow the flow of bitcoin movements because altcoins have their own movements. but if anyone is following the movement of bitcoin then it is a normal market condition. and lots of altcoins that went up when bitcoin crashed. but this movement is not determined by bitcoin. please visit the exchange market and pay attention to some that do not follow the movement of bitcoin, surely you will find it.

indeed there is no relation between altcoins and bitcoin in market movements. but we can see for the most part as if one rhythm, where the movement of bitcoin becomes a reference for the movement of other altcoins. This conclusion is drawn only from the market's habit of moving, but believe it or not, that the movement of bitcoin I think is very influential

[Plinteng]

yes and The main reason why the altcoin market depends on the trending BTC charts is the liquidity on the main trading pairs, you can't sell one altcoin for another one, The middleman is the best valuation tool for finding the perfect price.

[dimox]

depend on what people think about it. sometime, they will say that the price will up or down because bitcoin bla bla bla. the point ia they are different, people will believe more on bitcoin than altcoin. converting alt to bitcoin is good for most people.

[Woodie]

In a way you can say altcoins need btc to survive in terms of if bitcoin is bullish it more likely that all coins will ride this wave and become bullish too but the opposite hardly happens were altcoins get bullish bitcoin might not get to ride this wave and by the way when an altcoin is bullish it usually happens only on that coin and not all other coins.

[labenea]

Bitcoin is the first digital currency created by satoshi, all exchanges make bitcoin the standard price so that the bitcoin effect is too strong for now, this is what makes the price of altcoins dependent on bitcoin performance. Bitcoin price increase has affected the current market situation to be green.

[Ulvajaya]

You mean freedom not to be tied to the price of BTC, right?
If that's the case, it's a bit difficult to penetrate because there hasn't been a coin that can free itself from the price of BTC Because until now the price of BTC is still number 1 in the cryptocurrency world, and has never been defeated by other altcoins and number 2 is still held by Ethereum

[Pelana vreo]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

you can see when Bitcoin was created and when altcoin was created, I don't have a list of the above, but you can search in google for their informastion.
Altcoins always follow the price of Bitcoin because the market capitalization of Bitcoin is bigger than altcoins, you can see it on various sites such as cmc and coinecko, when altcoins are at the top / not following the price of BTC? probably after other altcoins have a bigger marketcap than BTC, but it's hard to see that, because many Hodlers don't sell all their Bitcoin holdings like on this list https://btc.com/stats/rich-list

[Minecache]

Actually, when bitcoin goes down people are in fear and they also attempt to sell other altcoin too, cause they believe in bitcoin most but don't believe enough altcoin. people do panic selling that's why all crypto market goes down in a sudden after btc dump. that's why you will see when bitcoin goes down 1x, another alts are goes down 10x fold, all of this are happened for panic selling.

[bitcoin-shark]

unfortunately it is true about 90% of altcoins are dependent on bitcoin for value so every change in its value they follows its trail, its trend i hope that in the future this thing can change and the altcoins can have a value given by their potential , as the market is today is too easily manipulated

[Rakeshten]

This is because of people. When they see BTC going down they sell their altcoins in panic so all altcoins dump with BTC. Similarly, when they see BTC going up they think that now we can get profit so they start buying altcoins. The full market depends on people's decisions.

[BayAngelo]

currently, i will say that crypto price movement depends on bitcoin. i strongly believed that the more bitcoin dominance reduces and the total marketcap keeps increasing. time will come when altcoins will be totally independent from bitcoin and their price movement will be determinant by their activities separately not by their trading pairs.

[Kayum10029]

Looking at the cryptocurrency market it is obvious that all other coins are bitcoin dependent. When the market for bitcoin goes up, the price of all other coins goes up. If the bitcoin market collapses again In the coins There is a big change in the price.

[tiffcrz]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

No, not all cryptos are dependent on Bitcoin. Most of the coins are independent. What you see and feel is mostly a byproduct of panic sell. But if you are looking for safe and long term investment, I recommend you stick on the well-established altcoins and has been around in the business for several years already to be less affected by the price of Bitcoin. Very good examples are ETH, LTC, XRP, ADA - my portfolio is packed with these coins. I am also keeping a fair amount of Stakenet's XSN in my bag. An underrated hidden gem which I believe will going to pump real big in the coming months.

[ninabobo]

Well we have always seen bitcoin dominating the crypto market, and also leading the way for altcoins, but some coins in the crypto market are independent and pump at it's own time even when bitcoin is in a dip, but let's all bear in mind that if a big crash occurs in bitcoin then surely all others coins are going down as well, because bitcoin got the highest level of trust and people believe the fact that if bitcoin is going down then all others coins are doing same as well. Recently I can say the bitcoin dominance isn't that strong as before because we can see some altcoins pumping higher than bitcoin.

[anti-dot]

Actually, when bitcoin goes down people are in fear and they also attempt to sell other altcoin too, cause they believe in bitcoin most but don't believe enough altcoin. people do panic selling that's why all crypto market goes down in a sudden after btc dump. that's why you will see when bitcoin goes down 1x, another alts are goes down 10x fold, all of this are happened for panic selling.

One reason might be that whenever the market goes down, Bitcoin also represents the exit currency when they want to sell, thereby also putting pressure on the price. Bitcoin is also the best indicator we have when the whole market gets into trouble. It would usually hit Bitcoin first. By now there are USDT pairs but who knows what is going to happen when one day there is some kind of bank run on USDT because Bitcoin dumps hard. Nobody knows what the reserves look like for USDT and whether they could serve all customers in a quick fashion.
So generally I would say that yes most of the coins are dependent on Bitcoin, maybe not entirely but to a significant degree.

[speedforce]

Looking at the cryptocurrency market it is obvious that all other coins are bitcoin dependent. When the market for bitcoin goes up, the price of all other coins goes up. If the bitcoin market collapses again In the coins There is a big change in the price.

I agree, but its a chance that this thing will be changed in the future it Bitcoin lost of the domination in the crypto market.
I think its possible since many altcoin rightnow have great position in the market with their own investor that believe on the fundamentals of the altcoin.

[CaVO32]

Well we have always seen bitcoin dominating the crypto market, and also leading the way for altcoins, but some coins in the crypto market are independent and pump at it's own time even when bitcoin is in a dip, but let's all bear in mind that if a big crash occurs in bitcoin then surely all others coins are going down as well, because bitcoin got the highest level of trust and people believe the fact that if bitcoin is going down then all others coins are doing same as well. Recently I can say the bitcoin dominance isn't that strong as before because we can see some altcoins pumping higher than bitcoin.

This is true, some alts have their own world in this market. Especially those pump and dump coins, which we really need to avoid at all cost. This is why some are independent on btc market, because it depends on the team managing it. And sadly, most of them will exit in no time. But bitcoin will still remain, so it is better to stick with btc rather than unfamiliar alts running their own scheme.

[anti-dot]

Looking at the cryptocurrency market it is obvious that all other coins are bitcoin dependent. When the market for bitcoin goes up, the price of all other coins goes up. If the bitcoin market collapses again In the coins There is a big change in the price.

I agree, but its a chance that this thing will be changed in the future it Bitcoin lost of the domination in the crypto market.
I think its possible since many altcoin rightnow have great position in the market with their own investor that believe on the fundamentals of the altcoin.

I severely doubt that Bitcoin will ever lose its dominance in the market. The only little realistic chance I see is for Ethereum to ever become bigger than Bitcoin, but even that I doubt. The dominance might decline, that is quite possible, but that has nothing to do with Bitcoin becoming bigger, but rather with the number of coins joining the market and also catching a share of the total money invested. We are already at more than 10000 coins and Bitcoin is still doing very well, which is a strong sign.

[amihada]

everyone knows the price of bitcoin has an impact on the price of other alcoins, for example the price of bitcoin goes up, the price of other alcoins also goes up and vice versa, for me bitcoin is the king of other alcoins so it is appropriate that alcoins follow the king's price.

[ranaprime]

In the crypto market BTC or bitcoin is the king. Accept bitcoin all are altcoins. If look at the market when btc price increase or stable then altcoins are rising and when btc price decrease or make correction then altcoins goes down. If bitcoin price get down 5% then altcoins get down 10% more basically total crypto market depend on bitcoin.

[CLS63]

Actually, yeah. All of the altcoins in the market are depending on Bitcoin's movements most of the time. Because as you know, Bitcoin has the biggest dominance in the market which is around 44% these days. This means whenever Bitcoin price changes positively or negatively, altcoin prices will also change in the same way. It is not a special thing for Bitcoin. For example, if the top cryptocurrency was Ethereum and Bitcoin was an altcoin, then it would be the same for Ethereum. Dominance is a really important factor because of that.

[llecrf]

I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

This works organically, when the price of Bitcoin increases the price of altcoins goes up and this cycle works without anyone controlling it.
Bitcoin demand and marketcup affect everything, such as the BTC/ETH pair and many others, altcoin prices are likely to rise as happened to YFI coin in 2020, when the price surpasses BTC, it happens because the hype from the DeFi platform has started at that time