Are all altcoins dependent on Bitcoin?

[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.

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[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.