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Author Topic: Is Bitcoin and Altcoin price related?  (Read 4566 times)
Dondie
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February 04, 2015, 03:41:01 AM
 #21

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?

Why is Bitcoin Price and Litecoin Price related? I mean, something like a proof that they are clearly related?

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February 04, 2015, 07:30:39 AM
 #22

Most LTC bagholders have dumped most of their stash into other alts.

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February 09, 2015, 03:44:26 AM
 #23

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?

Maybe so..
They're both digital currency.

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February 09, 2015, 04:40:05 AM
 #24

Most LTC bagholders have dumped most of their stash into other alts.


Hmm... some of them. LTC still remains as the no.2 crypto, behind BTC. And it has been around for many years now... unlike most of the other alts, which disappear after 3 or 4 months.
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February 09, 2015, 05:02:57 AM
 #25

Most LTC bagholders have dumped most of their stash into other alts.


Hmm... some of them. LTC still remains as the no.2 crypto, behind BTC. And it has been around for many years now... unlike most of the other alts, which disappear after 3 or 4 months.

I hope alot of alts do die off, LTC will be around for some time, but i dont know what position it will hold.

Its #3 at present (thanks to ripple)

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February 09, 2015, 05:27:34 AM
 #26

altcoins are not bitcoin - prices are not related

(once it looked like it, but not much longer now)
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February 10, 2015, 02:37:28 AM
 #27

Most LTC bagholders have dumped most of their stash into other alts.


Hmm... some of them. LTC still remains as the no.2 crypto, behind BTC. And it has been around for many years now... unlike most of the other alts, which disappear after 3 or 4 months.

I hope alot of alts do die off, LTC will be around for some time, but i dont know what position it will hold.

Its #3 at present (thanks to ripple)

Hmmm... you are right.... the XRP market cap is $ 446,263,430 right now. The LTC market cap has dropped to $ 63,480,713.

But at the same time, we will have to wait and watch to see whether this is a short term phenomenon.
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February 10, 2015, 05:18:29 AM
 #28

Most LTC bagholders have dumped most of their stash into other alts.


Hmm... some of them. LTC still remains as the no.2 crypto, behind BTC. And it has been around for many years now... unlike most of the other alts, which disappear after 3 or 4 months.

I hope alot of alts do die off, LTC will be around for some time, but i dont know what position it will hold.

Its #3 at present (thanks to ripple)

Hmmm... you are right.... the XRP market cap is $ 446,263,430 right now. The LTC market cap has dropped to $ 63,480,713.

But at the same time, we will have to wait and watch to see whether this is a short term phenomenon.

Im hoping Ripple will die away and we will just see a few high quality projects left with solid dev teams, it already appears that very few new alts are appearing.

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February 10, 2015, 06:42:32 AM
 #29

They are related in the same way a clone is to the original. If you ever wore a clone Nike you remember where it pinched or bruised. So will you buy a clone again?
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February 10, 2015, 10:02:51 AM
 #30

I always think they are. Litecoin in a way fell along with bitcoin, and exchanges evaluate altcoins in terms of btc, so should be related.
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February 10, 2015, 11:27:37 AM
 #31


Im hoping Ripple will die away and we will just see a few high quality projects left with solid dev teams, it already appears that very few new alts are appearing.

Ripple will fade gradually... and already that is happening.

And regarding new alts... yes... very few of them are appearing nowadays... when the original crypto (BTC) itself is in big trouble... there is not enough encouragement for the new cryptos.  Grin
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February 10, 2015, 05:24:25 PM
 #32

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?
like every one says, i too don't think the bitcoin price and altcoin price are related. but i saw when bitcoin price droped suddenly, some altcoin prices like LTC, DRK, Doge wend up in price!

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February 10, 2015, 05:36:15 PM
 #33

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?
like every one says, i too don't think the bitcoin price and altcoin price are related. but i saw when bitcoin price droped suddenly, some altcoin prices like LTC, DRK, Doge wend up in price!

I agree that those altcoins went up, I noticed that as well.

My only question is why would anyone buy up Doge, when Bitcoin went down? Doge has unlimited supply now and isn't as serious as it once was.

I support a decentralized & unregulatable ledger first, with safe scaling over time.
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February 10, 2015, 05:47:22 PM
 #34

Usually if bitcoin goes up, altcoins go up too.

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February 10, 2015, 07:26:08 PM
 #35

Usually if bitcoin goes up, altcoins go up too.

That happens when bitcoin goes up a lot and for some time.
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February 11, 2015, 03:37:24 PM
 #36

Usually if bitcoin goes up, altcoins go up too.

That happens when bitcoin goes up a lot and for some time.

yeah right, when bitcoin rose coin like a LTC and Doge go up
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February 11, 2015, 03:42:15 PM
 #37

i think if the price of BTC goes up or down, most of the other coins go the same way. It's not always in the same %.
I'm not sure, but i think it is so.
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February 11, 2015, 03:44:52 PM
 #38

Yes, altcoins are bitcoins little brothers including litecoin.

What happens to bitcoin generally happens to alts to, with a few exceptions like Nubits rises when Bitcoin falls as does Ripple and Stellar.

The others from what i have seen tend to fall along with their big bro.

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February 11, 2015, 03:58:31 PM
 #39

I think it is. The price of some other coins like Litecoin and dogecoin actually fell along with the price of bitcoin falling

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February 11, 2015, 04:43:57 PM
 #40

Litecoin was launched on a false promise like "Litecoin will be more decentralized because there will be no Litecoin ASIC mining because Litecoin is using scrypt". Yeah , right.
In general, the multiplication of the altcoins mean infrastructure fragmentation and rampant money supply inflation. Not exactly the road to success.
In the end, there is only one network and that is the Bitcoin network.
The same story happened before with the Web when some people or corporations tried to build their own version.

Sidechains are much more interesting than altcoins because they avoid the pittfalls of infrastructure fragmentation and money supply inflation.

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