Is Bitcoin and Altcoin price related?

[ViciousPlayer]

The two are usually correlated to some extent. As more money moves  into Bitcoin, no doubt, some of the BTC will flow into altcoins. The reverse is also true. However, when there is big news for altcoins and bad news for Bitcoins, you will see a drop in BTC price and a rise in altcoin price. At moments like these, the effect is stronger than the normal levels because the drop in BTC price may increase the buy pressure and increase the number of BTC in the hands of investors. When this happens, you find an overwhelming rising in some altcoin prices. This demonstrates the whole greater than the sum of its parts.

[1714886891]

1714886891

[Gotti III]

Litecoin is on an upward trend, so as Bitcoin http://bit.ly/1x5QyYQ

Do you think both these coin's price trend in anyway related?

Connected in terms of their movements? Yes
Connected in terms of the 'causes' of the movements? hmmmmmmmm... Ok, no.

[networthsigns]

AFAIT , NO they aren't , they never will be.

[ShintoshiBTC]

Litecoin is on an upward trend, so as Bitcoin http://bit.ly/1x5QyYQ

Do you think both these coin's price trend in anyway related?

The appropriate answer is no.
But what I feel is, every customer is feeling a little off about digital currency that is why.

[mlferro]

The two are usually correlated to some extent. As more money moves  into Bitcoin, no doubt, some of the BTC will flow into altcoins. The reverse is also true. However, when there is big news for altcoins and bad news for Bitcoins, you will see a drop in BTC price and a rise in altcoin price. At moments like these, the effect is stronger than the normal levels because the drop in BTC price may increase the buy pressure and increase the number of BTC in the hands of investors. When this happens, you find an overwhelming rising in some altcoin prices. This demonstrates the whole greater than the sum of its parts.

you gave a good explanation for something I had ever seen, but I did not give much importance

[TrailingComet]

BTC and alts are clearly correlated but my impression is that this correlation is gradually uncoupling over time
Anybody done any work on this that confirms/refutes this?

[LordSonjai]

alt coins live in the shadow of bitcoin so I would say the prices are related if bitcoin fails they all fail.

[Herbert2020]

you have to specify which altcoin you mean. some of them are, the famous ones specially the ones that are traded against dollar are related with the bitcoin price but any other altcoin's price is only affected by pump and dump.

[Bralex]

Bitcoin goes up i see a lot of alts going down because people cashing out to get in bitcoin, bitcoin the crashes people buy back into alts and the cycle is ready to go again. Ltc being different that usually rises with bitcoin from what i have seen.

[Btcvilla]

Altcoins prices are based on btc most of the time, if Btc goes up most alts will go up.