Why Altcoins are dependent variable?

[azmirihaque]

We see, the crypto market is always dominated by Bitcoin where other coins follow it. When BTC price was over 60k, altcoins price was at the pick. When BTC price decreased at 31k, all other coins went down at bottom and vise versa. Altcoins price is always dependent on Bitcoin price but Bitcoin price don’t follow others. Why altcoins are dependent variable to the crypto market? I think, altcoin market has largely developed in the last few years. Now it has many good coins. So to make the crypto market stronger, it should have some independent coins whose prices will not be affected by other’s price. It will follow itself.

What do you think?

[Review Master]

Altcoins are dependent on Bitcoin's movement because most of the alts are trading on BTC pair and when bitcoin pump-dump , alts are adjusting price according to the price of bitcoin on USDT. So alts won't be dependent on bitcoin or ethereum if those alts are only tradable on USDT or stablecoin pair. 

[ShadowCrypto]

We need altcoins, To be descentralized we need alternatives to BTC, but of course a lot of new shitcoins will die in a few months;years, only good altcoins will remain strong.

[robert20]

The most significant thing i think is responsible for it is most of altcoins are traded in BTC pair. Also most of the people take btc as a deposit of money and they use btc for trading on any altcoins. Most of the people enter the market through purchasing btc first. So these things make btc a vey valuable asset to people in crypto and as its value drops the altcoins also drops.

[sampoerna]

Yeah, Altcoins price will always depend on Bitcoin.
This is because Bitcoin is like the father of crypto, the king of crypto. So, many people put their trust at first on BTC. And we will always prefer BTC at first than altcoins whatever interesting and worthy altcoins are.

[Prime]

As always, altcoins are always dependent on Bitcoin. Like what happened, the price of BTC is very dominant and the power of Bitcoin is very high so that it really gives huge dominance to altcoins. Although altcoin itself has a very interesting project, once BTC chased, they will also crahs

[Renampun]

Bitcoin is the benchmark of the crypto market and investors use Bitcoin as a benchmark...

I have never seen when the Bitcoin price goes down, the Altcoin price stays, however it will definitely follow. and this is what is happening in the market.

[Debasco]

i might go with that analogy to some extent, because not altcoin fall because i can still some project that move an inch, they only base on their normal trend, so to some extent i g with that.

[MrSpasybo]

Bitcoin is Crypto King and the most famous crypto, almost every investor knows about Bitcoin and wants to invest in it when new to market. When BTC.D is more than 50%, BTC influence over entire crypto market is huge.
Currently, during the altcoin season, ALTBTC rate is increasing strongly so I still think ALTUSD rate will still grow in near term. But that doesn't mean they can escape influence of BTC price.
If you want an altcoin that is independent and unaffected by BTC, you can refer to stable coins like USDT, USDC, PAX…

[pelana vreo]

It's hard to see Bitcoin prices going down but altcoin prices going up, BTC/altcoin pairs on every exchange have a good impact if the crypto market is in a bullrun or bearish situation, because this is a crypto market and not a forex market. Bitcoin still has more than 49% market cap at the moment, it will have an effect on other crypto price movements allowing investors to take profits whenever they want

[Paglamon]

The cryptocurrency market fluctuates a lot every time. The amount of total assets fluctuates a lot. Bitcoin is the highest currency in the cryptocurrency market. Much more popular currency around the world. Most altcoin prices depend on this currency. As the price of Bitcoin rises, so does the price of other coins. So the price of Bitcoin and other coins fluctuates. So I think Bitcoin is the regulator of the cryptocurrency market.

[therozaq]

We see, the crypto market is always dominated by Bitcoin where other coins follow it. When BTC price was over 60k, altcoins price was at the pick. When BTC price decreased at 31k, all other coins went down at bottom and vise versa. Altcoins price is always dependent on Bitcoin price but Bitcoin price don’t follow others. Why altcoins are dependent variable to the crypto market? I think, altcoin market has largely developed in the last few years. Now it has many good coins. So to make the crypto market stronger, it should have some independent coins whose prices will not be affected by other’s price. It will follow itself.

What do you think?

The reason why altcoins dependent on bitcoin price, because bitcoin is trend centre of crypto currency.
Bitcoin is the King of crypto currency.
So, altcoin will follow bitcoin price and bitcoin price will affect almost all of crypto currency.
That's nature of crypto currency.

[Ferki]

We see, the crypto market is always dominated by Bitcoin where other coins follow it. When BTC price was over 60k, altcoins price was at the pick. When BTC price decreased at 31k, all other coins went down at bottom and vise versa. Altcoins price is always dependent on Bitcoin price but Bitcoin price don’t follow others. Why altcoins are dependent variable to the crypto market? I think, altcoin market has largely developed in the last few years. Now it has many good coins. So to make the crypto market stronger, it should have some independent coins whose prices will not be affected by other’s price. It will follow itself.

What do you think?

Stablecoins are stable, aren't they?  Small joke.

 I myself am of the opinion that the blockchain technology, and not the altcoin market as you call it, is being developed more and more, is getting better and better. The technology that is being adopted more and more is not yet accepted everywhere. That was the case with the internet, and smartphones also took some time.
I always compare it to the dot-com era, the new economy, at the end of the 90s. Shares have soared, everyone wanted it. And then came the crash and only the strongest survived.
The excesses of the 1990s created the basis for a real new economy: the digital economy, which a decade later pervaded every corner of the world, every apartment and every company.
Internet technology owes its breathtaking progress to the madmen of the past, who took the impossible for granted.
This is how Amazon and Google emerged.
Bitcoin and Ethereum?

We are still in the digital era, and some blockchain companies will grow out of it and dominate the markets. Not only will there be Bitcoin, but it was the first and its value is defining the market at the moment.
If you look at ETH and co. , they are still in development, they are not yet ready to guarantee stable prices.
After ETH 2.0 comes the next stage of development, the other blockchain sectors will also follow suit. Do you think NFT was just a short hype? No way! 

At the beginning of the new economy only a few people had internet access; at that time there was hardly any online banking. Just as we are now not using the advantages of blockchain everywhere. But it will come and the best in each sector will no longer depend on Bitcoin.
And I assume the digital payment system has the future, whether it will be the cryptos from governments or from an independent party, Bitcoin will gain in value because it is finite.

[trauchot]

Unfortunately or fortunately, this is how the cryptocurrency market works and there is nothing to be done about it, so when the price of bitcoin usually rises and the prices of altcoins begin to rise, and when the price of bitcoin falls and prices of altcoins begin to fall, but sometimes it happens that only bitcoin grows and altcoins do not grow, or they just stand still at one place and vice versa, so you shouldn't think about it, because it won't give us anything anyway.

[tonymillions84]

you need to compare same to fiat currency where so many currency are dependent on dollar. same can be said of the pounds and euros. in crypto we have one independent variable, which is BTC while in we the dollar in fiat. with time, we might have multiple independent tokens such as ETH and BNB. these two projects are strong. IF you check again, you will discover the BTC dominance is gradually dropping.