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Author Topic: Does Altcoin price depend on BTC or ETH??  (Read 760 times)

Offline marksayson

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Does Altcoin price depend on BTC or ETH??
« on: July 31, 2018, 05:10:06 AM »
Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
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Does Altcoin price depend on BTC or ETH??
« on: July 31, 2018, 05:10:06 AM »

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Offline Lanirex

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Re: Does Altcoin price depend on BTC or ETH??
« Reply #1 on: July 31, 2018, 05:26:28 AM »
Bitcoin is the king of digital coins Cryptocurrency, and all coin prices I think also based on Bitcoin not to Ethereum, because I think Ethereum also based on Bitcoin. because what I see today, every Bitcoin price goes up, most of the other coin prices are also boosted to rise. and vice versa, when the price of Bitcoin down other Altcoin prices also come down.
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Offline Richa99

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Re: Does Altcoin price depend on BTC or ETH??
« Reply #2 on: July 31, 2018, 05:29:10 AM »
it is true that many altcoin coins are affected by BTC and also ETH, since the two coins are role models for many other altcoins.
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Offline Mbah Jenggot

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Re: Does Altcoin price depend on BTC or ETH??
« Reply #3 on: July 31, 2018, 08:48:51 AM »
Quote from: marksayson on July 31, 2018, 05:10:06 AM
Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

Yes , I see. Because bitcoin is the king and ethereum is the quuen.
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Offline Niteroy

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Re: Does Altcoin price depend on BTC or ETH??
« Reply #4 on: July 31, 2018, 07:50:31 PM »
Ethereum is the same altcoin as everyone else and its price depends on Bitcoin. Naturally, the prices of all altcoin depend on the price of Bitcoin. This trend will continue if the Bitcoin dominance exceeds 50%, at the moment coinmarketcap shows BTC Dominance: 48.0%
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Offline owmivmen

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Re: Does Altcoin price depend on BTC or ETH??
« Reply #5 on: July 31, 2018, 09:00:18 PM »
Yes ethereum and bitcoin are very dominant in every exchange. This coin provides an alternative exchange for altcoin. this makes ethereum and bitcoin better known to everyone other than fiat.
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Re: Does Altcoin price depend on BTC or ETH??
« Reply #6 on: August 01, 2018, 07:47:14 AM »
Quote from: marksayson on July 31, 2018, 05:10:06 AM
Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

Yes Of course, For now BTC and ETH is the kingband queen of crypto. The value of them will affect all altcoins.
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Re: Does Altcoin price depend on BTC or ETH??
« Reply #6 on: August 01, 2018, 07:47:14 AM »

Offline tamango

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Re: Does Altcoin price depend on BTC or ETH??
« Reply #7 on: August 01, 2018, 08:28:51 AM »
Yes, most of altcoins prices moves with a very high correlation to BITCOIN, in only just few cases there is an inverse correlation
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Offline Agnitayo2

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Re: Does Altcoin price depend on BTC or ETH??
« Reply #8 on: August 01, 2018, 08:52:49 AM »
Based on what I noticed. The price of Altcoins usually moves the way as btc and eth value moves. I think there is something in both bitcoin and etherium or even bitcoin alone that is required to determine the price of altcoins. And maybe because bitcoin is the most valuable crytocurrency nowadays thats  why maybe the btc value is part to determine altcoins value. 
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Offline rizqillah

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Re: Does Altcoin price depend on BTC or ETH??
« Reply #9 on: August 01, 2018, 08:59:02 AM »
Quote from: marksayson on July 31, 2018, 05:10:06 AM
Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

Yes, I think Altcoins price depend on BTC and ETH. because BTC and ETH are more valuable.
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Offline Pabloiscobar

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Re: Does Altcoin price depend on BTC or ETH??
« Reply #10 on: August 01, 2018, 10:19:13 AM »
For me yes , Altcoin is directly proportional to etherium and bitcoin ,  if the two will rise the altcoin also rise .
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