Comparison of Bitcoin price fluctuations with other coins.

[RealMalatesta]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Yes, they all have a relationship with Bitcoin’s price fluctuation, coins like Ethereum, Litecoin and a lot of them relates with the price of Bitcoin. That’s why you would see almost all the alternative cryptocurrencies you would find in the market going down when Bitcoin is going down and also when bitcoin starts to be bullish, they start being bullish.

It’s called price correlation and the level at which a coin correlates with Bitcoin varies, there are some of them that correlates 100% with Bitcoin, such as Wrapped Bitcoin, it has hundred percent correlation and always maintains the same price with Bitcoin. There are also coins that don’t have much or no correlation at all.

[TheUltraElite]

We all know that Bitcoin price do affect the general crypto market which makes it a superior above every other coins or tokens in the market. When the Bitcoin price falls, all other tokens and coins will fall too due to strong affiliation of Bitcoin to the crypto market.

Most altcoins came in the market after BTC funded them through their investors. So its a sentimental value which exists.

After that the altcoins were expected to do something that will allow users to do something different and new, but of course that never happened so they remains pump and dump schemes and being funded by bitcoin, they follow bitcoin's price changes.

If any altcoin could have solved a real life problem then that coin would have become a different entity and bitcoin would seen a competition but that is rarely the case now. Any project that attempts to copy what bitcoin has been ends up the same way.

So folks, buy bitcoin and hold for long.

[rby]

All the Altcoins use to follow bitcoin movement and fluctuation. Bitcoin us the leader and bitcoin is a greedy leader. Whenever he is making bull run, all the Altcoins don't follow him to make the run. But if he is crashing all the Altcoins follow him.

[taufik123]

Even during the last two bull (in 2017) that he’s talking about I don’t think that the Altcoins started off immediately to increase in value, it still took sometime before the Altcoins started to be bullish. Although there was one coin which started off immediately to be bullish after that bull run happened, and it was Litecoin.

LTC had a really big run than I would have expected, and I expected the same thing to repeat again this time, but it didn’t. I still believe that Altcoins would be bullish anytime soon, so I am going to hold tight on the altcoins that I have invested in till that time comes.

LTC or other altcoins still survive and holding tightly to the altcoins you have is the right choice. because the market will certainly be bullish after the bear market ends. it's just a matter of how to do good management. When bitcoin price fluctuations are very fast, it will greatly affect altcoin price fluctuations and will be more severe than bitcoin.
The current state of the market requires patience and no need to panic too much.

[Fakhrulenclix]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

there is no denying that almost all other coins always follow what happened to Bitcoin, I have seen this for a long time. Bitcoin is the market leader, almost all the top coins are experiencing the same thing with Bitcoin as it is today, maybe only Altcoins are a little different and don't last long basically the trend remains the same, almost all coins follow Bitcoin.

[yhiaali3]

If you mean that Bitcoin affects the prices of other coins, this is absolutely certain. Bitcoin is the main driver of the whole market. When the Bitcoin rises, the rest of the currencies rise with it, and the same happens when it falls, when there is a dominance of Bitcoin on the market, the movement is all for Bitcoin and other coins do not move And when the dominance of Bitcoin decreases, this allows the coins to move more, so when you analyze any coin you must analyze the Bitcoin first.

[boyptc]

All the Altcoins use to follow bitcoin movement and fluctuation. Bitcoin us the leader and bitcoin is a greedy leader.

Bitcoin isn't a greedy leader.

It was there before these altcoins have been developed. Actually, there's even earlier development as a digital cash/ecash before bitcoin came but it's the one that has taken attention because it was made on time.

Whenever he is making bull run, all the Altcoins don't follow him to make the run. But if he is crashing all the Altcoins follow him.

It is actually following bitcoin's rise. Most altcoins are following the increase and that's why everyone likes to see bitcoin go up because they know that it's also impacting most of their alts.

[jrrsparkles]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Of course yes, most people make decisions for their coins depends on the price movement of Bitcoin and that's why we can see shitcoins rise when bitcoin is in bullish trend or vice versa. More the dominance then we can assume that it affects more but not every coin has directly proportional movement, some have inverse effects as well.

[Slow death]

the fluctuation between bitcoin and other altcoins is scary for example:

when the price of bitcoin falls a lot then the price of altcoin there in relation to the price of bitcoin and at the same time the price of altcoin falls in relation to the price in dollars, this causes that whenever the price of bitcoin falls a lot, altcoins fall much making altcoin more dangerous, but on the contrary it becomes valid, whenever the price of bitcoin increases a lot, the price of altcoin also increases much more than bitcoin and this makes buying altcoin very profitable

[palle11]

whenever the price of bitcoin increases a lot, the price of altcoin also increases much more than bitcoin and this makes buying altcoin very profitable

But you don't think that it is the volume of unit of altcoins acquired that plays a fast one like the profit are much for altcoins. This is what I think, altcoins are cheaper and acquired in huge unit this makes it look like it is too much in profit. Example you won't compare the volatility of a million coin in your wallet and 5 btc in your wallet also. That of altcoins volatility will be higher.

[teosanru]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Obviously, it's no hidden truth in this market, even a newbie in the market knows this. When bitcoin is bullish, you would see all the coins soaring to new highs each day while if the market falls and bitcoin becomes bearish you would see every coin seeing new lows each day and falling even harder than bitcoin itself. This is why I suggest every mid term trader should always keep at least 50-70% of their portfolio in bitcoin only to make sure you don't fall for the trap of the bear market, when the market would fall your portfolio would look too red if you are not having a heavy proportion in bitcoin and whenever market will start to rise it will always start with bitcoin rising first.

[Mahanton]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Price could neither have some correlation or not but we know that Bitcoin is the trend setter and this had been a main indication on where the market could possibly go.It might not be all the times but this is where altcoins do really depend on and the market could really move on basing on what Bitcoin is been doing and we know that the community is the ones who do make out such decision whenever they do see
decline then they do tend to switch to bitcoin due to buying opportunity and some do switch to usdt or stable coin to protect their asset.

[Wawa2013]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Price could neither have some correlation or not but we know that Bitcoin is the trend setter and this had been a main indication on where the market could possibly go.It might not be all the times but this is where altcoins do really depend on and the market could really move on basing on what Bitcoin is been doing and we know that the community is the ones who do make out such decision whenever they do see
decline then they do tend to switch to bitcoin due to buying opportunity and some do switch to usdt or stable coin to protect their asset.

Indeed, the fact that Bitcoin price movements affect the prices of most altcoins, so Bitcoin price movements are an indication of when there is
a bull market and a bear market. That's why so many people who invest in crypto expect the price of Bitcoin to recover, because if the price of
Bitcoin goes up, it will make the price of altcoins also go up. And vice versa if the price of Bitcoin drops, it makes the price of altcoins go down too.
Now that we can see the price of Bitcoin surprisingly rising to the price of $40k, this has finally made the price of altcoins go up as well. Hopefully
the price of Bitcoin can still go higher, because to make sure it has now entered the bull market, Bitcoin price should at least rise above $45k price,
if that happens it will attract the attention of many investors to enter the market and push the price of Bitcoin to go higher.

[nelson4lov]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Price could neither have some correlation or not but we know that Bitcoin is the trend setter and this had been a main indication on where the market could possibly go.It might not be all the times but this is where altcoins do really depend on and the market could really move on basing on what Bitcoin is been doing and we know that the community is the ones who do make out such decision whenever they do see
decline then they do tend to switch to bitcoin due to buying opportunity and some do switch to usdt or stable coin to protect their asset.

It's always been unclear of what causes that correlation in price with Bitcoin and altcoins but the biggest pointer has been the fact that altcoins are traded in Altcoin/BTC pair so it makes it super easy for them to be directly affected by everything that's happening with Bitcoin since BTC is their secondary pair. While doesn't happen all the time, it does for majority of the time.

[Adbitco]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

let just say as it is constantly said "Bitcoin the King" yes that is true, all other cryptocurrency are reflection of bitcoin movement, they follows when the market comes up and down, most likely not all currencies though as it is elaborated on CMC while Bitcoin comes up most other cryptocurrencies looses and others gain as well.

[rby]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Of course yes, most people make decisions for their coins depends on the price movement of Bitcoin and that's why we can see shitcoins rise when bitcoin is in bullish trend or vice versa. More the dominance then we can assume that it affects more but not every coin has directly proportional movement, some have inverse effects as well.

The fluctuations of bitcoin use to affect altcoins in many ways in the market. Many people know this and use it as a system to follow up the market.
When you say that some use the inverse of bitcoin, you are correct but some funny things still use to happen when you look at it carefully. If bitcoin crashes they will all follow him but if bitcoin  is doing bull run they will not follow

[wxa7115]

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

let just say as it is constantly said "Bitcoin the King" yes that is true, all other cryptocurrency are reflection of bitcoin movement, they follows when the market comes up and down, most likely not all currencies though as it is elaborated on CMC while Bitcoin comes up most other cryptocurrencies looses and others gain as well.

It is a well known fact that altcoins have a high correlation with bitcoin, and this can be easily tested, if you put side to side the price of bitcoin and the price of almost any altcoin and you use a software like excel you can use the built-in correlation analysis to see if this is true or not.

And if you do the experiment you will see there is a very high degree of correlation between bitcoin and altcoins, does this means that they move in the exact same way? Of course not, but the timing and magnitude of the movements are extremely similar.

[CryptopreneurBrainboss]

It's always been unclear of what causes that correlation in price with Bitcoin and altcoins but the biggest pointer has been the fact that altcoins are traded in Altcoin/BTC pair so it makes it super easy for them to be directly affected by everything that's happening with Bitcoin since BTC is their secondary pair. While doesn't happen all the time, it does for majority of the time.

That's true but there are coins that don't yet have Bitcoin pairs but still get affected by the movement of Bitcoin and this is because the whole cryptocurency industry is built around Bitcoin. If bitcoin fails tomorrow, I don't think the industry will survive or it will take a very long time before the industry recovers as trust will be lost. Traders look at the movement of Bitcoin before decision are taking in the altcoins market weather to sell or buy.

With this mentally, the market is automatically program to react to Bitcoin and couple with the fact that majority of the altcoins has the highest trading volume with Bitcoin. Untill recently the stablecoin pairs were not having much trading volume but that is picking up quick rapidly. With time, Bitcoin would be having less effect on the general market as the stablecoin pairs becomes a prefer choice of trading instead of Bitcoin.

[TheUltraElite]

That's right, bitcoin does affect almost all altcoins, because bitcoin is like a crypto center and the beginning of crypto is also created because bitcoin, bitcoin is like the heart of crypto, I think it's only natural that bitcoin is the most popular of all altcoins, another reason because maybe it hasn't someone took over the position of bitcoin, so it is still the main one in the crypto market.

See if there was a project which could cause a change so much so that the entire economy could be changed, there would be that coin becoming more popular than others at same time. But no such coin has existed yet and no altcoin would also not be that popular in the next few  years.

Hence it is better to assume that Bitcoin will remain the top coinnin crypto and will not be overtaken by another technological advancement.

I would not say that it is the center because that is more of a human choice. Someone may like some altcoin but that is a personal choice.

[redsun114]

Yes, that’s a normal thing. But it is not all the coins that has a price relationship with Bitcoin, a lot of them can be entirely on a different route. You just say this because you have only been looking at coins like Ethereum, Stellar, and the rest of them that has a close price relationship with Bitcoin. If you’re looking at all the coins in the market, you will see that it is not all of them that would usually increase in value when Bitcoin does, so they are different.

Bitcoin might be going up, and these you’d notice that these coins will mostly be stable or losing their value as investors moves over to the bullish ones . When Bitcoin becomes bearish or stable, these coins will start doing better.