Are all altcoins dependent on Bitcoin?

[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.