Is Bitcoin and Altcoin price related?

[MasterCasino]

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 are both cryptos. Right?

[nzminer]

In the end, there is only one network and that is the Bitcoin network.

You are forgetting NXT, not to mention other 2.0 projects.
Ultimatley,

NXT WILL PREVAIL

[pereira4]

In the end, there is only one network and that is the Bitcoin network.

You are forgetting NXT, not to mention other 2.0 projects.
Ultimatley,

NXT WILL PREVAIL

Naw MAID will. Once the current bubble bursts dont forget to pick cheap ones.

[ivonna]

Given that 99% of altcoin purchases are done via bitcoin, you would expect that a 10% increase in bitcoin would by default translate into a 10% rise in altcoin prices, measured from a fiat baseline. But there is so much volatility in altcoin markets that it can be hard to spot that correspondence.

If I recall correctly, LTC value has been increasing of late as priced in satoshis, not just fiat. But that's just a small recovery of the great losses in  value that LTC has suffered over the past year, far more than BTC. So I wouldn't make much of it yet.

What actually tends to happen is that when bitcoin falls by 10%, most altcoins tend to fall by at least 10.01% and when bitcoin rises by 10%, most altcoins tend to rise no more then 9.99%. In other words, most altcoins tend to fall over time when compared to bitcoin, however their Dollar prices are correlated.

[cheekychap]

Given that 99% of altcoin purchases are done via bitcoin, you would expect that a 10% increase in bitcoin would by default translate into a 10% rise in altcoin prices, measured from a fiat baseline. But there is so much volatility in altcoin markets that it can be hard to spot that correspondence.

If I recall correctly, LTC value has been increasing of late as priced in satoshis, not just fiat. But that's just a small recovery of the great losses in  value that LTC has suffered over the past year, far more than BTC. So I wouldn't make much of it yet.

What actually tends to happen is that when bitcoin falls by 10%, most altcoins tend to fall by at least 10.01% and when bitcoin rises by 10%, most altcoins tend to rise no more then 9.99%. In other words, most altcoins tend to fall over time when compared to bitcoin, however their Dollar prices are correlated.

Aren't all altcoin sold in terms of their bitcoin equivalent price ? And because of them aren't they actually correlated in terms of price ?

[Mewtwo]

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?

Obviously, if you look at coinmarketcap you will notice that most days when btc is up with 4-5 % all other coins are green too.

[TheDreadPirateDickstein]

Yes...end of discussion

[Bitcoinexp]

Well just think of it in a simpler way... Is USD (or another) and other fiat currencies' price related? Well, no. If they were, it wouldn't be significant because each of them are independent and share few similarities other than the technology and perhaps some technicalities.

[TheDreadPirateDickstein]

Well just think of it in a simpler way... Is USD (or another) and other fiat currencies' price related? Well, no. If they were, it wouldn't be significant because each of them are independent and share few similarities other than the technology and perhaps some technicalities.

something something something darkside
something something something herp derp I have no idea what the fuck I'm saying, because it's wrong.

[picolo]

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?

Altcoins are related to the Bitcoin price, they are highly correlated.

[pitham1]

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?

Altcoins are related to the Bitcoin price, they are highly correlated.

But people still invest in altcoins, thinking some altcoin is going to outperform Bitcoin. 

[nzminer]

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?

Altcoins are related to the Bitcoin price, they are highly correlated.

But people still invest in altcoins, thinking some altcoin is going to outperform Bitcoin. 

Its possible that some altcoins might have a chance to outperform Bitcoin, but i hightly doubt it, however there is far more innovation going on in the alt community, its just a pity they couldnt all work together to make something better instead of branching out in all directions.

Bitcoin is a dinosaur with little innovation.
NXT is the only serious competition that BTC will face, and probably has the highest chance of anything topping BTC.
If not, it will come a very close second to BTC, but i dont actually consider NXT an alt at all.

[ivonna]

Given that 99% of altcoin purchases are done via bitcoin, you would expect that a 10% increase in bitcoin would by default translate into a 10% rise in altcoin prices, measured from a fiat baseline. But there is so much volatility in altcoin markets that it can be hard to spot that correspondence.

If I recall correctly, LTC value has been increasing of late as priced in satoshis, not just fiat. But that's just a small recovery of the great losses in  value that LTC has suffered over the past year, far more than BTC. So I wouldn't make much of it yet.

What actually tends to happen is that when bitcoin falls by 10%, most altcoins tend to fall by at least 10.01% and when bitcoin rises by 10%, most altcoins tend to rise no more then 9.99%. In other words, most altcoins tend to fall over time when compared to bitcoin, however their Dollar prices are correlated.

Aren't all altcoin sold in terms of their bitcoin equivalent price ? And because of them aren't they actually correlated in terms of price ?

Yes they are almost always sold in terms of bitcoin (with the exception of some of the major alts like LTC and DRK).

As mentioned above when the price of bitcoin increases in terms of USD by a large amount, the price of most alts decreases in terms of bitcoin, the same is true when the price of bitcoin decreases in terms of USD by large amounts

[Bralex]

BTC goes up a few dollars 70% + of the altcoins drop like its hot mainly red, BTC now dropping because of more hacks/theft i guess we will see altcoins go into the green next day or 2 

[Icardi09]

yes, related. usually if bitcoin prices in uptrend, altcoin trader will move to BTC and alt prices drop
and otherwise

[cubanos]

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?

In terms of prices maybe they are related.

[Itsumo]

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?

Nah..

If there were any connection, LTC should be as valuable as bitcoin right now.

[AtheistAKASaneBrain]

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?

In terms of prices maybe they are related.

Only big altcoins havei mpact on bitcoin price, most are negligible.

[Bad Uncle]

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?

Nah..

If there were any connection, LTC should be as valuable as bitcoin right now.

Where's the logic in that? When bitcoin has risen dramatically alt coins, especially LTC, have actually risen along with it but got no where near the price. I think it has a knock on effect and people rush to buy the next best thing.

[koelen3]

Yes they are! they always were and always will be , that's why they are alts.
Though people might say other currency do not depend on each other , Actually even they do , that's how share and market value of exchange rate between currency's works