Are all altcoins dependent on Bitcoin?

[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.