Are all altcoins dependent on Bitcoin?

[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.