Are all altcoins dependent on Bitcoin?

[mirakal]

Not all altcoins depend on Bitcoin. Each altcoin has different prospects so the prospects cannot be generalized. One of the factors that have the most impact on the price of altcoins is supply and demand and how altcoins dominate the market.

Almost altcoin price depend with bitcoin, never any altcoin keep strong on higher price when bitcoin got bad issues and down, many moment altcoin more crash few percent from bitcoin, example when bitcoin down maybe 10% altcoin can be dump extremely more than 40% because bad situation and still depend with bitcoin price.

That's the sad reality, and we cannot deny that as we can always verify that your statement is correct. However, in times of bull run that results in an altcoins season, we can also see that altcoins are more profitable than bitcoin, and that's the good side of it. Well, if we are just smart, we will know how to make the right decision and we would not complain whatever the market situation is.

[KingsDen]

...we are far from decentralization. bitcoin still dominate the market .

Please I want to understand how the dominance of BTC means that the system is no longer decentralized. I beg to know the angle you are coming from. Or are you seeing Decentralization in this context as a contest between BTC and Altcoins?

[muratsink]

All market exchange bitcoin always dominance and make altcoin have waiting until less bitcoin dominance and see altcoin price pump, now still the same like three or four years ago without bitcoin recovery to higher price impossible we can sell altcoin on higher price. Just few altcoin have good news without bitcoin pump they can stable on higher price but happening some time only.

[Lubang Bawah]

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 was the first, it took about 2 years ago another coin appeared, being first is the most profitable thing because it is always the benchmark. when someone asks about crypto then all they know is bitcoin. all trades make sure they are always paired with bitcoins.

[clarkt]

All coin are not dependent on bitcoin.  Many altcoin are functioning without bitcoin, they got their own blockchain,  governance on some of their network are top notch!  When we are referring to cryptocurrency market,  that is a totally different ball game.  Bitcoin is most popular cryptocurrency and whatever happens to bitcoin price tend to affect altcoin as well!

[slaman29]

well, maybe a stable coin is a coin that really has no effect on the up and down movement of the bitcoin price. however, I think if there is a coin that is always growing when the bitcoin price drops, I think it is a very good coin. even in the midst of a bear market, the price can survive. well, such coins are very rare. however, I also conclude that 95% of altcoins are heavily affected by bitcoin price movements.

Ask about Tether though and you'll see all kinds of theories about how USDT markets DO affect the price of Bitcoin. When demand surges, Tether simply prints more money (USDT) because people need it to buy or to short Bitcoin.

And if/when Tether does become stuck in legal complexities (though I think they've survived it so far quite well) then the worry for investors will transfer to selling on BTC.

[kidbounty]

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!

there are, for example stablecoins like USDT don't rely on bitcoin because USDT is fiat backed. the price will remain stable even if bitcoin goes up or down. but it is undeniable that the average altcoins are too dependent on bitcoin, as a result when the bitcoin crashes the altcoin market will be very impactful.

[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.

Now cryptocurrency exchanges are actively developing and new opportunities are emerging for traders, making trading more profitable and safe for traders.

Due to the development and improvement of cryptocurrency exchanges, trading on exchanges is not so high-risk and more profitable.

[South Park]

Of course not, because not all coins are linked to btc and there are only a few linked btc pairs on the exchange. the logical reason I've come across is why altcoins go down when bitcoin goes down because some of them stop their investment in altcoins and change them to bitcoin because at that time bitcoin goes down so altcoins can go down like following btc.
this is very reasonable because almost everyone feels that btc is more reliable in terms of long-term investment, therefore when btc experiences a decline they are competing to buy btc

But then do not you think that if the price of bitcoin goes down and those holding altcoins decide to sell precisely for this reason and not for anything that is happening with such altcoin in particular then we can say conclusively that those altcoins are linked to bitcoin even if they do not have a trading pair? Whether we like it or not the dynamics of the market are clear and anyone interested in making money in this market needs to follow them or eventually will pay the consequences and loss a lot of money.

[Sayeds56]

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 was the first, it took about 2 years ago another coin appeared, being first is the most profitable thing because it is always the benchmark. when someone asks about crypto then all they know is bitcoin. all trades make sure they are always paired with bitcoins.

If you invest in a company and u hold 40-70% (major share holder) of the market will you allow anyone to dictate the market for you. If bitcoin goes down to 0 today, where do you think the trust of everyone be? No one will trust the space again, it will just crash down. As for now bitcoin will still keep on leading until it dominance decline in percentage not the in marketcap over a group period. It's a lot to manage the psychology of the traders,newbie and investors.

Crypto market doesn't work like Stock or commodity Market, its totally different and comparatively very new Market, its market cap is much lower. That is why it is extremely volatile and depends on BTC price which leads the whole crypto space. You said is very rightly that it is more  psychological and less realistic but it is what it is. It will change over a period of time when crypto will be adopted on massive scale.

[goolesby]

it is undeniable that the BTC coin does have a huge impact on other coins, but not all coins depend on BTC alone, for example, recently the shiba inu coin, which was inspired by the dogecoin meme coin, has skyrocketed to close to 800 percent, or 797.37 percent in just a week. Shiba inu became the most valuable crypto asset in the past week.

[alan228]

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 development and improvement of cryptocurrency exchanges, trading on exchanges is not so high-risk and more profitable.

Now cryptocurrency trading is actively developing, which gives traders more opportunities to trade and earn money.

[bastian466]

It is said that there is no relationship between altcoins and bitcoin but there is an influence I think everything is interconnected if traders can certainly judge what is happening in the market, what's more, traders who have known cryptocurrencies for a long time will understand it better

[Sheikh9146]

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 was the first, it took about 2 years ago another coin appeared, being first is the most profitable thing because it is always the benchmark. when someone asks about crypto then all they know is bitcoin. all trades make sure they are always paired with bitcoins.

Not all altcoin depend in bitcoin. There are some altcoin have there own strategy. But soon all altcoin will be depend in bitcoin.

Bitcoin is a king of crypto. Since you think a kingdom without a king is useless, you can think that bitcoin is the king and altcoin is the kingdom.

Soon all cryptocurrency/Altcoin will be depend on bitcoin.
Post

[Iminingpro]

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 cryptocurrency trading is actively developing, which gives traders more opportunities to trade and earn money.

It is good that there are new hybrid exchanges that provide more opportunities for trading and make trading safer and more profitable.

[Golftech]

Currently the market cycle is still influenced by bitcoin conditions, you can see for yourself when bitcoin goes down, all altcoins struggle to survive or struggle not to experience too big a decline, I think this condition will continue because bitcoin is the benchmark for the crypto market.

Being the benchmark takes all the spark in the current market, we see that whatever direction bitcoin is heading

alts are following the trend, if not all it's the majorities that continue to backup bitcoin movement, the dominance

still showing and the domino effect still dragging the alt market.

[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.

It is good that there are new hybrid exchanges that provide more opportunities for trading and make trading safer and more profitable.

For a cryptocurrency exchange, the main thing is its security, and hybrid exchanges are more regulated than DEX, have more liquidity and provide more opportunities for trading.

[wmaurik]

For a cryptocurrency exchange, the main thing is its security, and hybrid exchanges are more regulated than DEX, have more liquidity and provide more opportunities for trading.

Please mention the hybrid exchanges you know and how they implement super tight security for each of their users, because without giving an example, everyone will be confused about what you are saying.

[alan228]

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 a cryptocurrency exchange, the main thing is its security, and hybrid exchanges are more regulated than DEX, have more liquidity and provide more opportunities for trading.

Now cryptocurrency exchanges continue to be hacked, so security is very important, and regulation is also needed so that the exchange does not have problems with the authorities.

[South Park]

It is said that there is no relationship between altcoins and bitcoin but there is an influence I think everything is interconnected if traders can certainly judge what is happening in the market, what's more, traders who have known cryptocurrencies for a long time will understand it better

The influence is very direct because as we know the most dominant coin in this market is bitcoin and almost everything in this market has a trading pair against bitcoin, now it could be expected that if the price of bitcoin goes down then altcoins could go up but this is not the case because before the price of bitcoin goes down traders get out of their altcoin positions first and only then they get out of their bitcoin positions, which is what causes that altcoins show movements that are so similar to the ones we see in bitcoin.