Does bitcoin control the market?

[kemalramdanu]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

[Stgeorge]

I think that controlling the price movements of all crypto currency including bitcoin depends on the presence of buyers and sellers,if it doesn't exist it seems like it will be very difficult to control the price of bitcoin.

[inewoods]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

For now majority of the people willl look at bitcoin to determine the fate of other altcoins but in the future this might not be the case.

[Hadley]

I think we can call Bitcoin controls the market, because all Altcoins are depending on Bitcoin movement. Who can control Bitcoin, they can control the market as their desire too

[yousufatik]

I think. It not. Market is controller the all project business. So market place is choose the price up and down. People check the market price. Then people will be invest. It changes the price any time. People will be check the price day by day then invest. So market price is important of the all country business.

[bdsharminsoltana]

I think the right statement is bitcoin is not controlling the market but bitcoin affects the market with prices. wherever the market is available it is an exchange that can be done with bitcoin, so I think bitcoin continues to influence the market.

[Sabarhati]

bitcoin is not a market controller, but the value of bitcoin is very influential with the value of other coins, from the large influence of bitcoin on other coins, as if bitcoin controls everything

[legend45]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

Yes,  I see. The  bitcoin price will affect the value of all crypto currency.  I agree about bitcoin controll the market.

[babu10]

Though we say all altcoins price does not depends on BTC but when we see to market we see opposite direction. Even after huge dump of market when BTC going pump all altcoins price going pump. Only some days ago i see when BTC price was gone high, ETH price gone low. So actually we can not clearly say in what matters market depends!!

[MOProgress]

To an extent I will that Bitcoin does control the market, the reason is that all coins are traded against Bitcoin so when bitcoin drops, it affect other coins.

[Dynamite]

In the essence of whales bitcoin controls the market flow because of whales behind the scenes.
The changing values of bitcoin drives others to draw near to bitcoin but some made themselves far from bitcoin. Everyone have own purposes that something good for self gain. Anyway even bitcoin controls the market it wouldn't,control everything related in crypto.

[Hallet]

Yes Bitcoin is always control this market from the start and will continue to control in the future too. Bitcoin had the most influence and popularity compare to othe coins on the market

[Contagem]

I agree, Bitcoin dominates the crypto market and its capitalization exceeds half the capitalization of the entire crypto market, but its main feature is its effect on the prices of all altcoins. Most likely, this trend will be observed for a long time until serious changes occur in the crypto market.

[Omah karpet]

bitcoin is very influential on the crypto currency market, so that means bitcoin is controlling market prices

[aji678]

We can't say bitcoin will always control the market because the dominance of bitcoin on the cryotocurrency field getting decrease over the days so if that falls too much then other coins may move their prices independent of bitcoin.But people onmy trusting bitcoin more than another coins so it will be the king always in my opinion.