romero121
Legendary
Offline
Activity: 3192
Merit: 1213
Enterapp Pre-Sale Live
|
|
July 02, 2021, 09:19:09 PM |
|
It is true altcoins are dependent on bitcoin. Maybe in the future this can change when the real-time usage varies. As a of now majority of the altcoins are connective to bitcoin. It is true that majority of the altcoins follow the growth pattern of bitcoin.
There are certain altcoins that are completely centralized and it looks like a trusted one, but it can also make an investor suffer. Those centralized cryptocurrencies gets manipulated and such coins won't be varying big even when the market of bitcoin is bearish.
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
|
July 02, 2021, 09:22:14 PM Last edit: July 05, 2021, 10:06:01 PM by seleme |
|
There are several correlation charts that show how strong both financial assets connected each other. The main reason why the altcoin market depends on the trending BTC charts is the liquidity on the main trading pairs, you can't sell one altcoin for another one. The middleman is the best valuation tool for finding the perfect price. It is true altcoins are dependent on bitcoin. Maybe in the future this can change when the real-time usage varies. As a of now majority of the altcoins are connective to bitcoin. It is true that majority of the altcoins follow the growth pattern of bitcoin.
There are certain altcoins that are completely centralized and it looks like a trusted one, but it can also make an investor suffer. Those centralized cryptocurrencies gets manipulated and such coins won't be varying big even when the market of bitcoin is bearish.
The centralization is the thing we don't wanna see on this sphere but the connections between top and alternative cryptocurrencies makes it easy to manipulate the market. The manipulation level is insane on this finance market compared to stocks or foreign exchange markets. The trusted exchanges can close the shop and run one day without any warning.
|
|
|
|
Abiky
Legendary
Offline
Activity: 3206
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
|
|
July 02, 2021, 10:10:48 PM |
|
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!
Most altcoins are dependent on Bitcoin because it's the one that started it all. But not all of them are this way. Consider how some stablecoins and Ethereum have moved on their own regardless of Bitcoin's price. This shows us that there's some form of independence from Bitcoin (although every single cryptocurrency is based on Bitcoin's blockchain technology). Bitcoin is the first cryptocurrency people discover when they join the crypto/Blockchain bandwagon. It's no wonder since the pioneer cryptocurrency has strong branding. I don't think altcoins will be able to survive on their own without Bitcoin in play. If BTC goes all the way down the drain, so will the rest of the cryptocurrencies on the market. As long as crypto serves its purpose of being decentralized money for the whole world to enjoy, the rest doesn't matter. Just my thoughts
|
|
|
|
nikita2020
Jr. Member
Offline
Activity: 184
Merit: 1
|
|
July 03, 2021, 05:20:06 PM |
|
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. For traders, the most important thing is the safety of their funds, they must be sure that their funds are saved and are safe.
|
|
|
|
kak uli
|
|
July 03, 2021, 07:31:09 PM |
|
I don't think all altcoins are value dependent on bitcoin. I think it all depends on market demand, and what is certain is that investors are very influential in increasing the price of an altcoin
|
|
|
|
forexandcryptoauditor
Copper Member
Jr. Member
Offline
Activity: 1190
Merit: 3
|
|
July 03, 2021, 07:39:27 PM |
|
From my point of view, even though btc and altcoins are some what similar with respect to the blockchain technology, there should not be dependency. However, being father of cryptocurrency, and due to market capitalization, btc and altcoins are logically dependent. This has created huge dominance by btc and thus it actually drives entire market.
|
|
|
|
DrBeer
Legendary
Offline
Activity: 3780
Merit: 1923
|
|
July 03, 2021, 07:41:02 PM |
|
Of course not ! For example, stable coins. They are pegged to the dollar, and their price does not change from the value of the bitcoin. And dependence will not appear in any way and under no circumstances! Actually, they are made in order to be fixed in the analogue of fiat, without fiat exchange.
|
| ...AoBT... | | ▄▄█████████████████▄▄ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████████ | | The Alliance of Bitcointalk Translators | | | | │ | | ▄▄▄███████▄▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀▀███████▀▀▀ | . ..JOIN US.. | | │ | | ▄███████████████████████▄ █████████████████████████ █████▀▀██████▀▀██▀▀▀▀████ ██████████▀██████████████ █████▄▄███████▄▄▀████████ █████████▄▀▄██▀▀█████████ █████████████████████████ █████████████████████████ ████████████▀████████████ ▀███████████████████████▀ █████ ██████████
| . ..HIRE US.. | | │ |
|
|
|
ScamViruS
|
|
July 03, 2021, 07:46:16 PM |
|
I don't think all altcoins are value dependent on bitcoin. I think it all depends on market demand, and what is certain is that investors are very influential in increasing the price of an altcoin
It depends on Bitcoin Look at the current situation of the altcoin market and compare the price of bitcoin with how the altcoin market has reacted. Whale traders who need to take huge positions are needed to create demand in the market. When the Bitcoin market is on an up trend, whale traders will trade in the market and will also look at the altcoin market. So if the situation in the bitcoin market is in a good position then you can expect something good from altcoin, otherwise you should stay away from this market.
|
|
|
|
Danslip
|
|
July 03, 2021, 08:39:10 PM Last edit: July 03, 2021, 10:10:29 PM by Danslip |
|
Of course not ! For example, stable coins. They are pegged to the dollar, and their price does not change from the value of the bitcoin. And dependence will not appear in any way and under no circumstances! Actually, they are made in order to be fixed in the analogue of fiat, without fiat exchange.
Not? Why do you think so? The potential of any project doesn't matter for an uptrend unless the Bitcoin chart is bullish. The dependence is real and the BTC dominance affects the altcoin markets in every market cycle. The main reason why altcoins can't reach ATH prices is because of the downtrend on the BTC charts. Checking the previous market history, you can see how this dependence works between altcoins and the Bitcoin market. The BTC dominance goes down and the prices pump for almost all altcoins.
|
|
|
|
█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
|
|
|
ILuckyGuyI
|
|
July 03, 2021, 08:54:58 PM |
|
Except the forks like Bitcoin Cash etc., not all of the altcoins in the market are dependent on Bitcoin. It is true that majority of them move exactly the same way with Bitcoin price. The reason why is that Bitcoin has a huge dominance in the market (it's around 45% now). So, its movements affect the others also.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | ██░░░░░░░░░░░░░░░░░░░░░░██ ▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀ ▄▄███░░░░░░░░░░░░░░███▄▄ ▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀ ▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄ █░▄▄▄██████▄▄▄░█ █░▀▀████████▀▀░█ █░█▀▄▄▄▄▄▄▄▄██░█ █░█▀████████░█ █░█░██████░█ ▀▄▀▄███▀▄▀ ▄▀▄▀▄▄▄▄▀▄▀▄ ██▀░░░░░░░░▀██ | | | | | | | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄██████▀████░███▄▀██▄ ███░█████████▀██░████░███ ███░████░█▄████▀░████░███ ███░████░███▄████████░███ ▀██▄▀███░█████▄█████▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP FAZE CLAN SSC NAPOLI | | |
|
|
|
bastian466
Sr. Member
Offline
Activity: 1316
Merit: 250
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
|
|
July 04, 2021, 04:09:39 PM |
|
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. Because the pair experienced a decline, the opponent was also affected by the decline in value, if I pay attention when bitcoin and altcoin bleed, only usdt turns green
|
| | │ | ██████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████████ | CRYPTO WEB3 NEOBANK | ██████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████████ | │ | | | | | |
|
|
|
lousie9
|
|
July 04, 2021, 07:24:20 PM |
|
Maybe Bitcoin is more accurate as a medium of exchange from several altcoins available in several markets and remember Bitcoin and altcoins are the same investment tool in the world, namely cryptocurrency, of course if bitcoin crashes then all altcoins also crash because they switch to stable coins like usdt, but still all of that because of the supply and demand that occurs in crypto.
|
|
|
|
dota2bestplayer
Jr. Member
Offline
Activity: 88
Merit: 3
|
|
July 05, 2021, 06:36:49 AM |
|
I feel like this. In my opinion, whenever Bitcoin rises, most of the altcoins also rise. Bitcoin begins to fall sharply, and altcoins also fall with it. In fact, it is all because in the crypto market, the decline of Bitcoin affects the market value, and people's panic psychology will sell them one after another. This is the reason for this phenomenon.
|
|
|
|
John Jefferson
Member
Offline
Activity: 65
Merit: 10
|
|
July 05, 2021, 08:11:50 AM |
|
At present, Altcoin do depend on Bitcoin, and I think there are several reasons: 1. Some altcoins project party does not have good technical support or good marketing strategy, so that people do not believe in their project. Once the market fluctuates sharply, people will immediately sell their altcoins, which leads to a serious price decline. 2.Bitcoin has been in existence for more than ten years. After many blows, its price has been rising for a long time. It is hard to say whether it can recover if it is a altcoins. All in all, it will be difficult for altcoin to escape the influence of Bitcoin, which has become a bellwether as the leader of cryptocurrencies, unless there is a stronger consensus among other altcoins and technology that may surpass Bitcoin in the future.
|
|
|
|
tersek
Jr. Member
Offline
Activity: 183
Merit: 1
SEC is IDIOT
|
|
July 05, 2021, 09:15:51 AM |
|
In my opinion, not all cryptocurrencies depend on Bitcoin, but Bitcoin certainly influences global cryptocurrency price movements because Bitcoin has a very large share in the global crypto market capitalization, so when the price goes down or up it will affect other cryptocurrencies.
|
Don't put your money on Bank Don't put your money on Loan Shark Don't put your money on Ponzi Scheme
|
|
|
tarable
|
|
July 05, 2021, 09:48:09 AM |
|
In my opinion, not all cryptocurrencies depend on Bitcoin, but Bitcoin certainly influences global cryptocurrency price movements because Bitcoin has a very large share in the global crypto market capitalization, so when the price goes down or up it will affect other cryptocurrencies.
Yes, it is clear, in general it is not all affected by Bitcoin by cryptocurrency, but everyone can see that popular coins are always influenced by the movement of Bitcoin in the market so that many make Bitcoin the basic price benchmark for other cryptocurrencies.
|
|
|
|
domoy77
|
|
July 05, 2021, 03:05:19 PM |
|
In my opinion it is very clear that altcoins are very dependent on bitcoin movements, in fact when BTC goes up altcoins will also go up, and vice versa if BTC goes down altcoins also go down, although there are some cases altcoins do not necessarily follow the bitcoin trend, but in general altcoins are very dependent on BTC.
That's right, I've seen that kind of thing in the past as well as in the present, so it's clear that in general Altcoins are always dependent on Bitcoin conditions so when there is a downturn in the market, the main thing to watch out for is Bitcoin.
|
|
████▄██████████▄ ███▄████████████ ▄███▀ ████ ████ ████ ▀███▄ ███▀████████████ ████▀██████████▀ |
▄██████████▄ ████████████ ███████████▀███▄ ████████████████ ████████████████ ████████████████ ▀███▄███████████ ████████████████ ████▀██████████▀ |
▄██▄█████████▄██▄ ▀████▄█████▄████▀ ▀████▄█▄████▀ ███████████ ▄████▀█████▀████▄ █████████████████ █████████████████ █████████████████ ▀███████████████▀
|
▄███████████████▄ █████████████████ ████▀███▀██████▀ ███████▄█████▀ ████▄▄██████████▄ █▀▀██████▀███████ █▄██████▄███▄████ █████▀███████████ ▀██▀███▀████████▀ |
████▄███████████ ████████████████ ▄███▀███████████ ████████████████ ████████████████ ████████████████ ███████████▄███▀ ████████████ ▀██████████▀ | | | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ | |
██ ██ ██ ██ ██ ██ ██ ██ ████████
| | | . [ [ [ | | . ] ] ] | | | | . Listed on
| | BINANCE KUCOIN Gate.io | | |
|
|
|
leetcoiner
|
|
July 06, 2021, 07:48:28 PM |
|
Alas, this is so, the entire altcoin market is inevitably tied to the price of bitcoin. Thus, for the normal functioning of the altcoin market, it is necessary for bitcoin to stand in place or grow slowly.
|
|
|
|
South Park
|
|
July 06, 2021, 09:20:02 PM |
|
Not all altcoins depend on altcoins. Bitcoin is certainly the king of crypto assets and has the highest rating and highest volume. Each altcoin has different prospects so that the prospects cannot be generalized. However, one of the factors that have an influence on the prospects of altcoins is the innovation and the way each altcoin dominates the crypto asset market. altcoin price increases can vary and are not exactly the same as Bitcoin. Altcoins can be an alternative investment choice when Bitcoin prices are too expensive.
In a way you are right but not on the way you think, a great deal of the altcoins eventually go to zero, for many altcoins this is the only independent movement they show from bitcoin so at least we can say in their last moments they did something that bitcoin has never done , but now being serious it is true we can see some independent movements coming from altcoins but most of the time they just follow bitcoin and this is because they do not have developed a strong market by themselves and people are just speculating with the coin without any interest in holding it for the long term.
|
| .SHUFFLE.COM.. | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | . ...Next Generation Crypto Casino... |
|
|
|
tabas
|
|
July 06, 2021, 11:15:43 PM |
|
Alas, this is so, the entire altcoin market is inevitably tied to the price of bitcoin. Thus, for the normal functioning of the altcoin market, it is necessary for bitcoin to stand in place or grow slowly.
The growth slowly by bitcoin is there and altcoins are reliant to bitcoin. That's no question because most pairs are with bitcoin although some dexes provide liquidity even without the pairing of bitcoin still, that's going to the market of bitcoin when most traders are doing it to hold as much as bitcoin as they want and sell it for bitcoin.
|
|
|
|
|