Are all altcoins dependent on Bitcoin?

[Golftech]

yes in my opinion all altcoins depend on bitcoin because if bitcoin market down all alternate coin goes down . we say bitcoin the mother of cryptocurrency. in future whays heppen we dont know but present time all altcoin depend on bitcoin....

it's true because basically bitcoin is one of the references for altcoins to adjust prices, but not all altcoins refer to bitcoin in the sense that only those connected to bitcoin can be said to be like that. There are many examples of altcoins that don't follow bitcoin like bitcoin cash etc.
Don't generalize all altcoins are all bitcoin because some are not.

The trend still relies the most with how Bitcoin market moves, though you are right it shouldn't be generalize

but instead work on with the project that you understand more clearer, the market for now is moving against

Bitcoin if you trace it back from the last time high.

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[no-ice-please]

yes in my opinion all altcoins depend on bitcoin because if bitcoin market down all alternate coin goes down . we say bitcoin the mother of cryptocurrency. in future whays heppen we dont know but present time all altcoin depend on bitcoin....

it's true because basically bitcoin is one of the references for altcoins to adjust prices, but not all altcoins refer to bitcoin in the sense that only those connected to bitcoin can be said to be like that. There are many examples of altcoins that don't follow bitcoin like bitcoin cash etc.
Don't generalize all altcoins are all bitcoin because some are not.

The trend still relies the most with how Bitcoin market moves, though you are right it shouldn't be generalize

but instead work on with the project that you understand more clearer, the market for now is moving against

Bitcoin if you trace it back from the last time high.

Tell me one single coin (except for stable coins....) that completely resisted a hard Bitcoin crash. Like Bitcoin crashed 25% within a week or even more and there was this one coin that even went up consistently, not only once because it got pumped. I am sure you won't find one. If Bitcoin crashes really badly, the whole market goes down.

[Abiky]

Yes and that is where most guys in the industry agree upon already. As Bitcoin is so similar to gold it will probably forever remain a kind of reserve currency for all other cryptocurrencies that might be launched in the future. But I would say that crashes in Ethereum could also lead to other coins getting dumped. Ethereum also has a bit of a reserve currency characteristic.

All altcoins come from Bitcoin, whereas all ERC-20 and ERC-721 tokens come from Ethereum. This explains why Bitcoin acts as the reserve cryptocurrency of the market, while Ethereum acts as the reserve cryptocurrency of tokens. Without these big players (BTC and ETH) leading the way, other cryptocurrency projects will be doomed. As I've said many times before, Bitcoin is the original cryptocurrency which started it all. Without it, none of this would've been possible. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, everything will remain most likely the same as it is right now.

Altcoins will come and go, but Bitcoin will become stronger than ever before. It doesn't matter if altcoins are dependent from Bitcoin or not. What matters is how useful the coin is for mainstream payments. As long as an altcoin has real use cases for the mainstream world, nothing else matters. Just my thoughts

[bitzizzix]

Most are possible and but not all like stablecoins, the ups and downs of the two won't affect it, and perhaps the main reason why prices are so highly correlated is that many altcoins are bought with bitcoin. So, buying bitcoin is followed by buying altcoins which pushes the price of both coins up.
and conversely if anyone wants to sell their altcoin, they will first sell that altcoin for bitcoin, and then sell bitcoin for cash and this pushes both prices down.

[XUNing]

Not all altcoins depend on Bitcoin, but Bitcoin and altcoins have a certain correlation. Generally, the price of most altcoins changes with the changing trend of Bitcoin prices. Through the market trend, you will find that when the price of Bitcoin rises, the price of some altcoins will also rise. But sometimes Bitcoin and altcoins have different market trends.

[carlisle1]

BTC is not the foundation of altcoins because altcoins have its own usage and market value. Bitcoin has the highest value altcoins thats why if its price drop or increase it will affect the other altcoins as BTC is the main crypto currency in the wolrd.

In theory, altcoins have their own unique usage. But in 90% of the cases, they are just used as a mode of payment, or as a store of value (especially with stablecoins). And with so much competition in the payments sector (and where the recent growth is minimal), there is a lot of overlap between the altcoins and Bitcoin. Since both of them are used for the same purpose, the exchange rates will also remain closely linked. On top of that, the user profile is also very similar. It will be very difficult to find cryptocurrency users who exclusively use either BTC or altcoin. In the vast majority of the cases, they will be using both.

Mostly store for investment that's why the value are really close together,  Until now we are seeing that they continue
to work alongside and not  independently, Bitcoin continue being used as benchmarks of every alts.

The value still relies with how community support Bitcoin, and that's reality until there's coin aside from stable coin
this cycle will continue working like this.

Very difficult as aside from BNB and ETH which been recognized by more users and traders, other coins will continue to wait for mass adoptions.

[no-ice-please]

Yes and that is where most guys in the industry agree upon already. As Bitcoin is so similar to gold it will probably forever remain a kind of reserve currency for all other cryptocurrencies that might be launched in the future. But I would say that crashes in Ethereum could also lead to other coins getting dumped. Ethereum also has a bit of a reserve currency characteristic.

All altcoins come from Bitcoin, whereas all ERC-20 and ERC-721 tokens come from Ethereum. This explains why Bitcoin acts as the reserve cryptocurrency of the market, while Ethereum acts as the reserve cryptocurrency of tokens. Without these big players (BTC and ETH) leading the way, other cryptocurrency projects will be doomed. As I've said many times before, Bitcoin is the original cryptocurrency which started it all. Without it, none of this would've been possible. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, everything will remain most likely the same as it is right now.

Altcoins will come and go, but Bitcoin will become stronger than ever before. It doesn't matter if altcoins are dependent from Bitcoin or not. What matters is how useful the coin is for mainstream payments. As long as an altcoin has real use cases for the mainstream world, nothing else matters. Just my thoughts

While I mostly agree with your description, it ultimately leads to Bitcoin ruling them all, including Ethereum of course. When Bitcoin drops, everything drops including Ethereum. When Ethereum drops and Bitcoin doesn't, all tokens on the Ethereum network also drop. It has to do with Bitcoin also being the best and most important indicator we have. If Bitcoin moves significantly, there is definitely a reason involved that affects all cryptos anyway, like outright bans of cryptocurrency. That's why we need another Bitcoin bull run, and a Bitcoin bull run only to also see all other coins go up!

[South Park]

Almost all altcoins will at some point present independent movement from bitcoin, the question is if they can maintain this kind of movement and for the most part the answer to that is no, even ethereum which is the second coin in the market has huge problems doing that and if ethereum cannot do it then there is no altcoin that can do it, this means that people that want to earn money need to time the moment they enter in altcoins, as doing it at the wrong time can cost them a fortune.

We could say that EVERY altcoin is dependent on Bitcoin one way or another. That's because Bitcoin is the one cryptocurrency that started it all. Without Bitcoin, none of this would've been possible today. It's the reason why every crypto exchange lists an altcoin with Bitcoin as the main trading pair. Being the reserve cryptocurrency itself, gives it a huge advantage over its competitors. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, I don't see any altcoin becoming independent from Bitcoin anytime soon. Just my thoughts

Yes and that is where most guys in the industry agree upon already. As Bitcoin is so similar to gold it will probably forever remain a kind of reserve currency for all other cryptocurrencies that might be launched in the future. But I would say that crashes in Ethereum could also lead to other coins getting dumped. Ethereum also has a bit of a reserve currency characteristic.

And this is natural, after all there are hundreds if not thousands of coins running above the ethereum network so all of those coins are very sensitive to everything that happens in the network, like the price going up or down and the fees being high or low, however its effect on the market pales in comparison to what bitcoin does and this is not surprising since we know that the majority of the interest of most users and institutional investors is in bitcoin and most of the transactions that includes goods and services also use bitcoin, which means that its dominance is way higher than what the numbers show.

[Investo20]

No altcoin is build on Bitcoin network till now. And I hope in future also there will be none. This is the fun fact of bitcoin.
There is no person or foundation who can control it or create it or destroy it. Fully anonymous. This feature attracts people to invest in bitcoin more than other coin as no one will be comfortable to put their funds into others custody. That's why big investors are in bitcoin and Bitcoin has the major Marketcap in Crypto.
Here is the noticeable thing, emotion rather sentiment play a huge role here. As bitcoin goes down it makes the market sentiment bearish. People starts taking out their money. That's why the altcoins also goes down. Here we can't apply the basic calculation logic.

[no-ice-please]

Almost all altcoins will at some point present independent movement from bitcoin, the question is if they can maintain this kind of movement and for the most part the answer to that is no, even ethereum which is the second coin in the market has huge problems doing that and if ethereum cannot do it then there is no altcoin that can do it, this means that people that want to earn money need to time the moment they enter in altcoins, as doing it at the wrong time can cost them a fortune.

We could say that EVERY altcoin is dependent on Bitcoin one way or another. That's because Bitcoin is the one cryptocurrency that started it all. Without Bitcoin, none of this would've been possible today. It's the reason why every crypto exchange lists an altcoin with Bitcoin as the main trading pair. Being the reserve cryptocurrency itself, gives it a huge advantage over its competitors. Unless a new cryptocurrency with a new technology superior to Blockchain comes out, I don't see any altcoin becoming independent from Bitcoin anytime soon. Just my thoughts

Yes and that is where most guys in the industry agree upon already. As Bitcoin is so similar to gold it will probably forever remain a kind of reserve currency for all other cryptocurrencies that might be launched in the future. But I would say that crashes in Ethereum could also lead to other coins getting dumped. Ethereum also has a bit of a reserve currency characteristic.

And this is natural, after all there are hundreds if not thousands of coins running above the ethereum network so all of those coins are very sensitive to everything that happens in the network, like the price going up or down and the fees being high or low, however its effect on the market pales in comparison to what bitcoin does and this is not surprising since we know that the majority of the interest of most users and institutional investors is in bitcoin and most of the transactions that includes goods and services also use bitcoin, which means that its dominance is way higher than what the numbers show.

Exactly, that is probably the most relevant point you brought up here. While Bitcoin kind of transmits signals to the whole market, for Ethereum it is more natural because if the underlying network nosedives, how could all tokens running on top of it possibly stay afloat? Very true, they'll necessarily nosedive as well.

[zachyboy090118]

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 sure but mostly depend on bitcoin but not all. Some of alts have there own way through their function and own blockchain. But even if we say some alts have own movement, still the impack of btc is there in up and downs in cryptocurrency.

[muratsink]

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 sure but mostly depend on bitcoin but not all. Some of alts have there own way through their function and own blockchain. But even if we say some alts have own movement, still the impack of btc is there in up and downs in cryptocurrency.

All coin price depend with bitcoin but few coins keep up although bitcoin down and now hype NFT coin become most public discussing because raise up to higher price although bitcoin down. But remember with hype coin never take long time for holding because they can dump suddenly when success get much profit and do not care about how much price later down or not.

[no-ice-please]

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 sure but mostly depend on bitcoin but not all. Some of alts have there own way through their function and own blockchain. But even if we say some alts have own movement, still the impack of btc is there in up and downs in cryptocurrency.

All coin price depend with bitcoin but few coins keep up although bitcoin down and now hype NFT coin become most public discussing because raise up to higher price although bitcoin down. But remember with hype coin never take long time for holding because they can dump suddenly when success get much profit and do not care about how much price later down or not.

NFT hasn't that much to do with Bitcoin and yet they will tank if Bitcoin tanks. The reason being that Bitcoin just represents the new digital asset class which NFTs also pertain to. This may change however when NFTs for art manage to decouple their pricing from Bitcoin and build an asset class of their own. This may take a while, probably years but I can imagine that will be the case in the future.

[odukoyaewatomi27]

Bitcoin has effects that can be felt across the entire cryptocurrency market, however bitcoin doesn't have  direct impact on all altcoins

This is because Bitcoin has the largest market cap of all cryptocurrencies and a bullish BTC run make people more open to investing in other altcoins. This however doesn't guarantee a bullish run for altcoins.

But if BTC is in a bearish season, then almost all altcoins also becomes bearish

[Sayeds56]

Bitcoin has effects that can be felt across the entire cryptocurrency market, however bitcoin doesn't have  direct impact on all altcoins

This is because Bitcoin has the largest market cap of all cryptocurrencies and a bullish BTC run make people more open to investing in other altcoins. This however doesn't guarantee a bullish run for altcoins.

But if BTC is in a bearish season, then almost all altcoins also becomes bearish

True. Bitcoin market cap is the highest among all crypto currencies that is why it is dominant currency in crypto space. There is index to measure BTC dominance which is called Bitcoin Dominance index that indicates how much money is flowing into BTC compared to rest of Market. When Dominance index is going up/down alts will move down, Alts will only perform when dominance index is stable.


https://www.tradingview.com/chart/BTC.D/ExuzgcfX-Bitcoin-Dominance-Breakout-it-seems/

[lizarder]

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 hear this saying almost daily from people, that BTC is built on choice in the future, so they should be the solution to every problem that is caused, but in general I can't understand the saying.

In addition, you mentioned that when BTC crashes, other coins crash too, whether other coins rely heavily on bitcoin, or even those who have a role behind other coin crashes. This is something strange for us to know, there is not even room for us to find out.

If this assumption is correct, then it is certain that other coins are very dependent on bitcoin, both in determining the buy and sell prices as well as the top level in market capitalization. Considering what you said about the lack of independence in the cryptocurrency world, I can't understand this openly.

[no-ice-please]

Bitcoin has effects that can be felt across the entire cryptocurrency market, however bitcoin doesn't have  direct impact on all altcoins

This is because Bitcoin has the largest market cap of all cryptocurrencies and a bullish BTC run make people more open to investing in other altcoins. This however doesn't guarantee a bullish run for altcoins.

But if BTC is in a bearish season, then almost all altcoins also becomes bearish

Generally it is, but when BTC starts to be bullish again within a few percent, then Altcoins are also bullish for a few percent because most Altcoins will recover when BTC starts to bull again because of the large demand and supply in the market.

From what I observed in the past most of the time all other coins move a little bit more harsh than Bitcoin. Not always, but quite often that is the case. When Bitcoin moves 5% to 7% up or down, it is not unusual for other coins to move about 10% up or down. Bitcoin is very volatile, but in volatile times it is actually less volatile than the rest of the market.

[arifteguhr]

I hear this saying almost daily from people, that BTC is built on choice in the future, so they should be the solution to every problem that is caused, but in general I can't understand the saying.

You'll understand it when a similar thing happens to you and your asset market, because every down and up in the market has something to do with Bitcoin, regardless of the amount of demand and supply.

[hqthief]

it's because most alts have biggest liquidity on their pairs with BTC, meaning their dollar value is closely affected by btc's dollar value. That's why.

[Bonenx14]

it's because most alts have biggest liquidity on their pairs with BTC, meaning their dollar value is closely affected by btc's dollar value. That's why.

In general this is the case because between dollar pairs and BTC pairs are always the same and also very much in all exchanges so the influence of BTC is always there because BTC was the first cryptocurrency coin that was able to lead the others.