How much does Bitcoin affect other cryptocurrency?

[Crptomagma]

 I put it to us that Bitcoin influences all cryptocurrency. Every other coins are dependent on Bitcoin. Once Bitcoin price increase u see other coins increasing and once it is down they go down with it.

[Inwestour]

Who knows if anyone wants to invest in USDT but I guess people keep USDT only for a while when the price of the crypto goes up so they wait for the price to go down to start buying the coins they want.

Maybe what you said is right but we don't know when the altcoin price will increase and also, we don't know which altcoin will increase. If you choose ETH or BNB, you may get a better profit. But if you compare it to investing in Bitcoin with the same amount, I think your profit will also be better if you invest for the long term. But whatever it is, you must find the right coin because we have a list of different coins to invest in.

USDT is a good alternative to fiat as it would be very labor intensive to go into fiat every time. USDT is very well suited to take profits and wait for some time before a new purchase, and if you no longer plan to use some part for further investments, then of course you should cash them out.

You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.

[ethereumhunter]

USDT is a stablecoin, it doesn't have any volatility to make a profit, I don't think anyone will invest in it, this is the first time I heard of investing in USDT, LOL.

The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.

Maybe no one will invest in USDT but we do not know. But USDT can be a good solution to prevent a down value on your asset so I think that will be a good place to invest in USDT for a while until the market increases again. But FYI, USDT is a good place to stake

Finding the right altcoin is difficult because we have to check each altcoin and there is no guarantee that an altcoin currently in a good position will continue to be profitable. Maybe that's why altcoins can only be short- and medium-term investments so that bitcoin is still the best for long term investments. Bitcoin and altcoin returns are different, but we want to benefit from both, so we want to have many altcoins that can provide benefits.

USDT is a good alternative to fiat as it would be very labor intensive to go into fiat every time. USDT is very well suited to take profits and wait for some time before a new purchase, and if you no longer plan to use some part for further investments, then of course you should cash them out.

You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.

Searching for altcoins from the list of altcoins on the market takes a long time because, apart from the top lists, we also have to look beyond that because there are altcoins that can improve in the future. And we would never have thought that altcoins could rise high and replace the top positions. And the risk of increasing bitcoin prices will affect altcoin prices so we must be careful in choosing altcoins as investments.

[Minor Miner]

USDT is a stablecoin, it doesn't have any volatility to make a profit, I don't think anyone will invest in it, this is the first time I heard of investing in USDT, LOL.

The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.

Maybe no one will invest in USDT but we do not know. But USDT can be a good solution to prevent a down value on your asset so I think that will be a good place to invest in USDT for a while until the market increases again. But FYI, USDT is a good place to stake

When the market is volatile, many investors have a habit of converting their crypto assets into USDT and that cannot be called an investment. The stablecoins only act as an intermediary, there are also many people who don't like their assets in USDT, they always convert to fiat when the market fluctuates.

Staking USDT on centralized exchanges for meager profit while we will take big risks, is it worth it? As far as I know, the profit when staking USDT only equals the bank savings interest rate. If it were me, I would rather deposit my money in a bank than deposit my assets in CEX. Banking and CEX are basically the same things, but at least banking is safer.

[ethereumhunter]

USDT is a stablecoin, it doesn't have any volatility to make a profit, I don't think anyone will invest in it, this is the first time I heard of investing in USDT, LOL.

The profits of bitcoin used to be so great, it created a lot of millionaires in the world. But if to compare the returns of bitcoin with altcoins these days, bitcoin is not comparable to altcoins. What bitcoin gives us is safety that is superior to all altcoins, but in terms of returns, bitcoin is not comparable to altcoins. It's a truth that many bitcoin maximalists won't want to hear, but it's true. But don't forget, not all altcoins are profitable, and finding potential altcoins is up to each investor's ability.

Maybe no one will invest in USDT but we do not know. But USDT can be a good solution to prevent a down value on your asset so I think that will be a good place to invest in USDT for a while until the market increases again. But FYI, USDT is a good place to stake

When the market is volatile, many investors have a habit of converting their crypto assets into USDT and that cannot be called an investment. The stablecoins only act as an intermediary, there are also many people who don't like their assets in USDT, they always convert to fiat when the market fluctuates.

Staking USDT on centralized exchanges for meager profit while we will take big risks, is it worth it? As far as I know, the profit when staking USDT only equals the bank savings interest rate. If it were me, I would rather deposit my money in a bank than deposit my assets in CEX. Banking and CEX are basically the same things, but at least banking is safer.

Stablecoin is a place to store the value of assets owned so that they don't decrease because the price changes. Indeed it will only be a temporary intermediary because there is a decline in the market and they can buy again at a lower price.

It seems worth it as long as it's a large exchange like Binance. Moreover, if you save in a bank, you must save a large amount to get bank savings interest rates. If the amount of money is small, I'm afraid it will only be to pay for the expenses that you have to pay each month. If so, in my opinion, it's better just to stake USDT on the exchange because there are no fees when we stake the USDT. But each people will have their own plan for what to do regarding the market situation.

[landheer]

indeed if the btc price goes up then the altcoin will also go up, and if bitcoin goes down then the altcoin will also go down.

but in my opinion btc investment if the capital is small the profit is small,
but if you invest in altcoins, even though the capital is small, you have the potential to get big profits because altcoin increases can be up to 1000%, even more than 1000%.
but investing in altcoins has a very large risk of loss and has the potential to drain our money, but if we invest in bitcoin, of course it will be safe because even if the price of btc drops it will have the potential to rise again,
but for altcoins sometimes there are those who cannot return to their highest prices even though the price of btc rises because even though it rises it only rises slightly, so basically this is a security problem.

[Bitcoin_people]

Cryptocurrency markets tend to go up and down in relation to the Bitcoin market. When the Bitcoin market goes down, the price of all other cryptocurrencies also goes down. When the value of Bitcoin starts to increase, all crypto currencies also increase. If you mainly invest in Bitcoin or Ethereum, it will be your wealth in the future. But if you invest in USDT then you will not get any profit as it is a stable coin. So you need to get expertise from a good consultant about this so you can understand. You must invest Bitcoin and this investment will never fail but Bitcoin has a near future.

[leonair]

I put it to us that Bitcoin influences all cryptocurrency. Every other coins are dependent on Bitcoin. Once Bitcoin price increase u see other coins increasing and once it is down they go down with it.

The reason for the decrease in price of other cryptocurrency coins with bitcoin is that almost all coins are listed on the exchange in bitcoin pair, so if the price of bitcoin decreases or increases, it automatically affects other altcoins. For example, if the price of a token is 100 satoshi, then if the price of bitcoin increases, it will definitely increase relative to the dollar, if the price of bitcoin decreases.  The price of that token will fall against the dollar. this is how the price of the token in the market fluctuates with Bitcoin

[Texac]

You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.

Finding an altcoin that can bring big profits is not easy, and not everyone can do it.  but if you want to find altcoins that are more profitable than bitcoin and still pretty safe, we also have eth and bnb. imo, they are reliable altcoins to invest in even though they won't be as safe as bitcoin, but their returns will definitely be better.
investing in altcoins is not so bad because of the returns it brings, but it is not suitable for too many people because its risks are pretty large compared to bitcoin.  better to put a small part of the money in altcoins, most of it should be invested in bitcoin.

[isaac_clarke22]

I think bitcoin affects some cryptocurrency because the main market uses bitcoin. So if bitcoin goes down and ups also some crypto currencies follows bitcoin. The impact is always there. So don't worry about it because it's been nature in the crypto world.

This is true to some cases though I do not expect each alts to just follow Bitcoin price movements literally. I can still recall when I was tempted to day trade Bitcoin before, but I was trying out altcoin. All turned out to be losses just because I went for the shitty coins.

Bitcoin was kinda it is bearish days that time so I kinda understand where my losses came from.

The reason for the decrease in price of other cryptocurrency coins with bitcoin is that almost all coins are listed on the exchange in bitcoin pair, so if the price of bitcoin decreases or increases, it automatically affects other altcoins. For example, if the price of a token is 100 satoshi, then if the price of bitcoin increases, it will definitely increase relative to the dollar, if the price of bitcoin decreases.  The price of that token will fall against the dollar. this is how the price of the token in the market fluctuates with Bitcoin

This as well, plus considering that when you think of crypto, you know you're dealing with Bitcoin but then you found out that there are whole plenty of coins out there. That's what my thought process at the least back in those days of my first few days in crypto.

ETH is also worth mentioning in token pairs. I see that pair quite a lot, well because it is non-Bitcoin.

[coinerer]

The reason for the decrease in price of other cryptocurrency coins with bitcoin is that almost all coins are listed on the exchange in bitcoin pair, so if the price of bitcoin decreases or increases, it automatically affects other altcoins. For example, if the price of a token is 100 satoshi, then if the price of bitcoin increases, it will definitely increase relative to the dollar, if the price of bitcoin decreases.  The price of that token will fall against the dollar. this is how the price of the token in the market fluctuates with Bitcoin

This as well, plus considering that when you think of crypto, you know you're dealing with Bitcoin but then you found out that there are whole plenty of coins out there. That's what my thought process at the least back in those days of my first few days in crypto.

ETH is also worth mentioning in token pairs. I see that pair quite a lot, well because it is non-Bitcoin.

Hughes token or coin is in ETH pair but ETH is in Bitcoin Pair so when Bitcoin price goes up, ETH price goes up and that's why ETH pair listed coins also go up with Bitcoin price. You will notice that the price of tokens that are paired with stablecoins like USDT, BUSD, USDC do not have an instant effect on the rise and fall of Bitcoin price. this is how the market works

[leonair]

The reason for the decrease in price of other cryptocurrency coins with bitcoin is that almost all coins are listed on the exchange in bitcoin pair, so if the price of bitcoin decreases or increases, it automatically affects other altcoins. For example, if the price of a token is 100 satoshi, then if the price of bitcoin increases, it will definitely increase relative to the dollar, if the price of bitcoin decreases.  The price of that token will fall against the dollar. this is how the price of the token in the market fluctuates with Bitcoin

This as well, plus considering that when you think of crypto, you know you're dealing with Bitcoin but then you found out that there are whole plenty of coins out there. That's what my thought process at the least back in those days of my first few days in crypto.

ETH is also worth mentioning in token pairs. I see that pair quite a lot, well because it is non-Bitcoin.

Hughes token or coin is in ETH pair but ETH is in Bitcoin Pair so when Bitcoin price goes up, ETH price goes up and that's why ETH pair listed coins also go up with Bitcoin price. You will notice that the price of tokens that are paired with stablecoins like USDT, BUSD, USDC do not have an instant effect on the rise and fall of Bitcoin price. this is how the market works

Yes I agree with you. But on the other hand, Bitcoin is said to be the godfather of cryptocurrencies, so when the price of Bitcoin changes, other coins in the market also change their prices in accordance with the price of Bitcoin. Many times the price of Bitcoin increases but the price of other coins decreases because then Bitcoin attracts everyone's attention and many people sell their held coins and start investing in Bitcoin.  The market takes different forms at one time.  So doing market analysis is a very difficult task.

[Gallar]

Hello. A newbie is wondering some stuff   

I am follow an account on Instagram that shows how much bitcoin and some other cryptocurrency´s are worth every 24 hours. and something I have noticed is almost every time bitcoin goes up many other also go up.
And when bitcoin goes down many other also go down, of course this don´t apply everyday and all currency´s.
~

Are cryptocurrency holding each other hand in hand in someway or are they independent. It seems that they share something with each other that I don´t know anything about.

~

The existence of crypto digital currency in this world, initiated and pioneered by the birth of bitcoin. So it is certain, as a whole the crypto that exists now, must follow the example of bitcoin. Even so, existing crypto besides bitcoin or commonly called altcoin, has a big difference in terms of quality and security. Everyone who invests in crypto must already know that bitcoin is decentralized, and has the most stable price value among other cryptos. So the problem of price equality that you are asking about, between bitcoin and other cryptos, in my opinion, is actually a habit of crypto traders. Automatically the habit becomes a cycle and has been embedded in the minds of all investors in bitcoin/crypto. Because even though all cryptocurrencies follow in the footsteps of bitcoin, when it comes to increasing or decreasing prices, it's actually not related. So in conclusion from your question, it's just a habit that becomes a cycle in the crypto investment world.

[Patrol69]

One cryptocurrency coin is not dependent on other coins, but most of the crypto currency coins are dependent on Bitcoin, that is, as the price of Bitcoin increases or decreases, the value of other crypto currency coins has some effect. If you invest the same amount of money in different coins at the same time and if you sell those investments at a certain time then you will see some variation of profit. That is, you will get one type of profit from Bitcoin investment, you will get a different profit from ETH investment, or you will get a different profit from BNB investment. Because these two coins depend on Bitcoin but the three coins have different market values.

[Smack That Ace]

()

...

It seems worth it as long as it's a large exchange like Binance. Moreover, if you save in a bank, you must save a large amount to get bank savings interest rates. If the amount of money is small, I'm afraid it will only be to pay for the expenses that you have to pay each month. If so, in my opinion, it's better just to stake USDT on the exchange because there are no fees when we stake the USDT. But each people will have their own plan for what to do regarding the market situation.

Holding USDT and staking for profit is your choice, I can't ban you or give advice because I'm not sure I'm better than you. But I just want to remind you, Binance is the biggest exchange, but that doesn't mean it's safe and you can completely trust them. They will be safe until they go bankrupt and your assets disappear without notifying you. It is a risk when we use centralized services, I hope you are aware of that. Instead of staking, I will hold bitcoin for the long term, and I believe the return will be much better than staking, and my assets are also safer.

[taufik123]

Holding USDT and staking for profit is your choice, I can't ban you or give advice because I'm not sure I'm better than you. But I just want to remind you, Binance is the biggest exchange, but that doesn't mean it's safe and you can completely trust them. They will be safe until they go bankrupt and your assets disappear without notifying you. It is a risk when we use centralized services, I hope you are aware of that. Instead of staking, I will hold bitcoin for the long term, and I believe the return will be much better than staking, and my assets are also safer.

Everyone has their own choices. it will be their responsibility when there are some losses or something like that.
Binance is a CEX platform that is currently widely used by crypto users including me, but it is necessary to be aware of the dangers that always surround it because nothing is safe even though Binance is the top exchange.

Risking and holding USDT is a fairly safe option, but holding Bitcoin for the long term can be a recommendation for those who want to invest long-term.
I have some Bitcoin in my personal wallet and it's safe enough without anyone else being able to reach it.
But it all comes back to your own choices, the risks will be borne by yourself.

[dlightag]

This is a simple question and clear understanding with observation as we all believe in virtual money, which Bitcoin is the driving force of other cryptocurrency market, any moment Bitcoin dipped in the market, it affects other alt-coins instantly, so Bitcoin affect other alt-coins through price changes either negative or positive, Bitcoin is the reason why cryptocurrency market been active today in the cryptocurrency industries.

[justdimin]

USDT is a good alternative to fiat as it would be very labor intensive to go into fiat every time. USDT is very well suited to take profits and wait for some time before a new purchase, and if you no longer plan to use some part for further investments, then of course you should cash them out.

You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.

I agree, but I would change the coin, I think BUSD a lot more trustworthy. Why?  Because USDT only has USDT and no other income, if they profit they profit, if they don't then they don't. On the other hand, BUSD has binance behind it, which means even if you were to get all of the BUSD's stolen, which would drop the value to BUSD, then binance could come out, say they will take snapshot of the moment before the hacking, and then distribute everyone their BUSD back, and they can cover it 1 to 1 ratio with the profits they made, they already have tens of billions of dollars in profit to begin with, so they can cover it easily.

There is a lot bit of difference between them, one of them is trustworthy because of the company behind it, the other is being sued right now.

[Baoo]

Simply, Bitcoin has a remarkable influence on almost all cryptocurrencies due to it’s the most famous coin and it has the hugest market cap value and price as well . In addition to that, remember that Bitcoin is decentralized digital coin and the majority of altcoins in market are decentralized too ( like 20K/24k coins ) it means if Bitcoin goes down, the whole market will follow it and the opposite is true. Regarding your real question, to be begin with, USTD is a stable coin 1 usdt = almost $1. Let me simplify it for you, if you invest any amount in a stable coin, you will not make any profit neither loss. The amount will basically stay the same. In fact, Bitcoin and Ethereum provide a secured returns but in long term unlike the other cryptocurrencies. If you invest $1000 in each one, you will probably make an accurate profit value.

[BVeyron]

Hello. A newbie is wondering some stuff  

I am follow an account on Instagram that shows how much bitcoin and some other cryptocurrency´s are worth every 24 hours. and something I have noticed is almost every time bitcoin goes up many other also go up.
And when bitcoin goes down many other also go down, of course this don´t apply everyday and all currency´s.

I upload a picture of two days how it shows ( https://imgur.com/YYJRX7F this is two different days and it looks like this)

My real question maybe is. If cryptocurrency´s follow each other. whats the difference if you invest in BTC or ETH or USDT for example. If you invest in all three $1000 each.
How will it look at each invest after example 12 months? I understand its impossible to predict something like this, but some guideline.
If they follow each other very often with +/- then the profit/loss should not be a huge difference?

Are cryptocurrency holding each other hand in hand in someway or are they independent. It seems that they share something with each other that I don´t know anything about.

I am far away from an expert on this but I am sure many on this forum is and gladly hear what you guys & girls thinks about it.


Wish you the the best.
Best regards CC!

I suppose it happens because most investors involved into crypto trading don't see any difference between BTC and alts at this point of crypto development: if they are interested, they start buying whatever they see, and if the interest fades, then they are eager to get rid of all the crypto stuff. That's why price fluctuations of all the cryptocurrencies are quite synchronized.