Are all altcoins dependent on Bitcoin?

[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.