It's seen that Bitcoin decide the fate of altcoins.

[bestcandy]

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

[Ambatman]

It's not a secret if I must say.
Others follow while Bitcoin moves
Altcoin wouldn't have a market without Bitcoin
So if Bitcoin catch a cold, they will have a fever with some getting cancer.
Yeah they need Bitcoin to survive, Bitcoin isn't just a first mover
It is the face of Cryptocurrency.

[Odusko]

It's no longer news that Bitcoin is the sole determinant factor of the entire cryptocurrency market and whatever direction the Bitcoin market takes so will all other coins in the altcoins category take shape, and also note that the impact of the market is higher on altcoins much more than Bitcoin and that is why we all advocate for More Bitcoin holdings than altcoins, even though Bitcoin falls to around $94000 it won't take long to recover back to its previous all-time high price, the cryptocurrency market is a chain and Bitcoin is the major market propeller.

[headingnorth]

Altcoins are 100% scams designed to part you from your money. As the saying goes a fool and their money are soon parted.

Altcoins are similar to romance scams, phishing scams, tech support scams, etc. but using a lot of high tech buzzwords and hype to take scamming to the next level.
Which is why the scam and fraud industry is a multi-billion dollar business and growing every year.

Sadly it isn't difficult to take advantage of the average person, you just have to appeal to their human greed, ignorance and stupidity.

[Spaceman1000$]

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

That has been like an open secret right from time, Bitcoin is the leading coin of all cryptocurrency, so whatever happens to bitcoin will trickle down to  the other coins. However in your analysis you said the decline percent is 4.5% for bitcoin which is not on the high side compared to those altcoins you talked about their decline percenage rate being higher. We understand that the market is volatile, which is natural, but why risk on investing on altcoins that you know that you are at a greater risk of loss if bitcoin just experience a little decline, some of those altcoin project are just looking for a little stumble in the market for them to use as excuse to end their project.

[Bd officer]

Bitcoin is the king of cryptocurrencies, we have to accept that when the price of Bitcoin goes up, the price of altcoin goes up and when the price of Bitcoin starts to go down, the price of altcoin goes down a lot. If the price of Bitcoin falls, it recovers quickly. But if the altcoin price falls then it becomes very difficult to recover. Bitcoin started to rise again, reaching around 99k. But you will find that altcoins will not recover easily. So if you want to invest, do it in a trusted currency like bitcoin, don't go to altcoins. Altcoins are very risky, if you lose it you won't get it back.

[woez]

clearly and this is quite affecting the movement of all coins on the exchange. If you want to be safe and get back quickly, the only choice is to buy potential coins and of course what is widely recommended here is BTC. Indeed, we often hear that we only buy BTC but at times like this BTC is the first reference for the rise and fall of other coins.

[pooya87]

Sadly that's true. And it is altcoin developers' fault as well as the users who only care about making money!

Innovation mostly died in the cryptocurrency world and over the past decade we've seen very little of it. Instead we've seen so many money grab projects that are created to be pumped and dumped, and people love them. Therefore that's what we mostly see in the altcoin market.
Basically every time I hear someone say this new coin is "better" than bitcoin, I know I'm most probably dealing with a shitcoin and it makes me sad because I really like this technology and want to see it improve...

When that's what they create (useless coins) they obviously have no potential and people obviously don't have any faith in them. So when the only useful currency makes any kind of move, they dump their altcoin bags and come to the bitcoin market. When that move is in the downward direction, they also panic and sell their altcoins more than they sell their bitcoin. Therefore we see a bigger altcoin dump every time.

[Pandorak]

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

Of course, until now Bitcoin influence on the market still dominates, this can be seen from the fall in Bitcoin price in recent days, even though it only touched the $92k level, the effect on altcoin prices was very significant, even Ethereum itself was affected until it fell to the $2k price level, although it did not take long for Ethereum to recover. In contrast to several other tokens that are still making low, even though the current Bitcoin price is at $98k, this is very frustrating considering that when the Bitcoin price drops it will have an impact on other tokens to go down, unlike when Bitcoin goes back up, altcoins will remain sideaway at low prices.

[avikz]

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

That's how it happens every single time. When Bitcoin jumps, altcoins jump too and vice versa. I am obviously not counting meme coins here as these are not real coins.

I think it happens due to the dominance of Bitcoin on the crypto market. Every single altcoins can be traded with Bitcoin in almost all exchanges. So when the value of Bitcoin changes, it impacts the value of the altcoins as well. I mean that's a trend that's ongoing since inception of I am not wrong.

[asriloni]

I admit the power of crypto is getting centralized back to the Bitcoin. You're  mentioning some alts declined so hard, and surprisingly, some were reaching new ATL, which can confirm if alts has no power any more compared to the bitcoin.

It seems people who wish to see the same bullrun as 2021 - 2022 will never come. We're back to the time when Bitcoin is fully ruling crypto market, though BTC.Dominance is still staying around 61%.

[Marykeller]

Bitcoin deciding the fate of altcoins is what has been known for long. That's why an investor in the crypto space should think of Bitcoin first as the right investment to make before they think of other investments to make in altcoins because that's like taking the risk of an investment that is not always favorable to the investor.

[Frankolala]

Altcoins are duplicate of bitcoin and also the opposite of bitcoin. The developers created them to make their pocket fat and not to solve any problems for investors. Bitcoin controls their price and the funny thing is that if bitcoin dumps, some of these altcoins will dump and not recover when bitcoin is pumping.

[Zaguru12]

Altcoins are duplicate of bitcoin and also the opposite of bitcoin. The developers created them to make their pocket fat and not to solve any problems for investors. Bitcoin controls their price and the funny thing is that if bitcoin dumps, some of these altcoins will dump and not recover when bitcoin is pumping.

Even if there are other Altcoins that are actually trying to innovate something I can agree with you that 99% of other coins are just simply duplicate and lack any proper innovation. Many will say bitcoin is the first coin and that’s why it takes the lead and I usually debunk this and simply say that bitcoin utility is what drives it or gives it its value and been considered as investment.

Bitcoin dump usually signifies that there is a negative impact on the market and as such every investors usually go for very volatile coins that’s why the Altcoins usually suffer more because they are not guaranteed of survival after every huge dump. For bitcoin it’s investors know that even after dump their is belief it will come back up again but Altcoins doesn’t have that guarantee. Reasons why they heavily hit most especially those without any utility

[bitzizzix]

Bitcoin is the first digital currency in the world and also the king of the cryptocurrency market which will certainly affect the movement of altcoins or other currencies, and altcoins are imitations of Bitcoin that will never be as perfect as Bitcoin and Bitcoin can be likened to the backbone of the family and if Bitcoin is sick then the others will be affected. I mean likening Bitcoin to a father in a family who has to earn a living or income for his family and if he is sick or something happens that causes him to be unable to work then his family will starve or other things that can harm his family and vice versa if he can work well then his family will be happy and will get enough food and can meet all their needs. And I take a simple example that can be easily understood because Bitcoin can be said to be like that and can affect altcoins especially when the price is falling and altcoins will fall even more significantly.

[Die_empty]

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

This has been the pattern for some time now. The price movement of Bitcoin determines how the altcoin market will go. Bitcoin is the pathfinder of cryptocurrencies this is why altcoins will always follow its path. There have been several developers who have predicted that their coins will become better and more valuable than Bitcoin, but all of them turned out to become pump-and-dump coins. Even some altcoins that have been around for a long time cannot be trusted because they have some lapses.

[Botnake]

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

Altcoins are just clones of bitcoin as they were formed from the image of bitcoin. While bitcoin is the founder of crypto market, the altcoins are considered the alternative coins.

However, since bitcoin dominates the altcoins, whatever the price of bitcoin, altcoins follow. If bitcoin price drops, their prices are bound to fall as well, and even much lower than bitcoin. But when bitcoin price surges high, not all altcoins go up as some have didn't manage to recover from price drops. That's how dependent altcoins are to the movement of bitcoin in the market. They want to imitate bitcoin so they can compete but will always fail in the process.

[headingnorth]

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

Yes, and a ton of shorts got wrecked (again) and lost their shirts when it bounced back over 100K almost immediately. Some people just never learn.

[woez]

Altcoins are just clones of bitcoin as they were formed from the image of bitcoin. While bitcoin is the founder of crypto market, the altcoins are considered the alternative coins.

However, since bitcoin dominates the altcoins, whatever the price of bitcoin, altcoins follow. If bitcoin price drops, their prices are bound to fall as well, and even much lower than bitcoin. But when bitcoin price surges high, not all altcoins go up as some have didn't manage to recover from price drops. That's how dependent altcoins are to the movement of bitcoin in the market. They want to imitate bitcoin so they can compete but will always fail in the process.

That's how it's been in the past, but what needs to be noted is that the situation above is just market shock therapy and the possibility for the crypto market to recover in the next few days because I'm sure Trump is thinking enough and saving his domestic industry first by making policies in the near future as well as the crypto industry.

[AVE5]

The AltCoins market has always been excelling by market manipulations of it developers strategically on the advents of following trends to bitcoin movements so investors who develops rhymes of their bitcoin investments can assume to also play along in the he AltCoin market.
Earlier yesterday bitcoin fell a decline of $91,229 which was so reddish as dipped that also followed the crypto market where other Coins went dipped and reddish in the candle light and then, most of the Memecoins was at the valueless levele but as at now bitcoin has been to regain it market values to had already reached $101,616 with the green light, the AltCoins has also followed the trend that's why I'd stick to call the AltCoins a follow follow of bitcoin.