Does bitcoin control the market?

[Emircan]

when the currencies come into the buying power of investors as well as the wide spread of the political economy around the world, it has a great influence on cryptocurrencies. That is got your private

[ayatoslaw]

I think a lot of coins in the market are affected by bitcoin. Bitcoin has a lot of space in the market.

What space do you mean? I don't understand what you mean bitcoin has a lot of space on the market.
Bitcoin does not have market control, it happens because altcoin price is based on bitcoin pair, that's why when the bitcoin price moves up or down altcoins follow it, but actually it doesn't control the market.

[elbans89]

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

That's right. Bitcoin is not market controller, but bitcoin price will influence the altcoins price. I agree with your opinion mate. No one can control the market, because the price is depending on demand and supply, buyer and seller.

[Psycho]

I don't think Bitcoin will be able to control the cryptocurrency market.  Bitcoin needs much stronger authority over the next few years to control what it does.  Bitcoin can never be controlled without strong authority.

[Zero0]

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

You are right that this bitcoin is ruling the cryptocurrency market alone. Bitcoin is known as the world's first and number one cryptocurrency. Almost all people around the world are aware of this bitcoin. Bitcoin has no competitors in the market now. So it can be said that the cryptocurrency market is ruled by this bitcoin alone.

[Ak600]

Yes brother you are right.  You are right that when the market for bitcoin declines, the market for light coins declines. I do not agree that light coins depend on bitcoin.  Everything depends on the market, on the people and on the investors.  So I would say that the higher the investor, the higher the price of the coin.  But thanks to Bitcoin will always be popular

[Hisbullah]

Yes It does. I think bitcoin affect the market. Every bitcoin rise , we all see the altcoins also rise. Bitcoin is teh King of crypto currency. So, I think It is normal. Bitcoin is always be centre of cryptocurrencies.

[robert20]

Bitcoin does not control other currencies it actually influences the whole market.  The buyers/sellers equation control the price of all Altcoins. The price of Altcoins doesn't controlled by Bitcoin but Bitcoin influences the whole Cryptocurrency market.

[nelson4lov]

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.

Actually everyone looks at bitcoin in other to know where the market is heading to, I don't think any trader will make a trade without taking a good look at the bitcoin chart first, so if you ask me well it seems like bitcoin controls the market, because if it dumps they all dump, if it pumps they still dump, although they will recover later, but that's just how it is from on set, maybe because it's the king of all cryptocurrencies and has way more market cap than all of other cryptocurrencies out there.

[densus88]

Bitcoin does not control other currencies it actually influences the whole market.  The buyers/sellers equation control the price of all Altcoins. The price of Altcoins doesn't controlled by Bitcoin but Bitcoin influences the whole Cryptocurrency market.

Of course, I think buyer and seller that control the market. the basic factor of market is demand and supply. When demand high we will see the price will rise. I think demand will control the market
, Not bitcoin bro.

[sugarchrisp]

Everyone would like to see the stability of altcoins and their independence from each other,but unfortunately bitcoin has a very large capitalization and today nothing can be done about it, but it manages the crypto market!

[Alter]

Yes, Bitcoin controls the market and it has a big role to determine the good trend or bad trend in crypto market. We all know that the drop in Bitcoin price will impact altcoins prices. Usually, the price of altcoins will decrease if the price of Bitcoin drops. So, we must monitor the price of Bitcoin regularly.

[Casual]

In fact, I think it's almost impossible to control Bitcoin. Yes it is possible but it definitely requires using some powerful medium. Then it can be seen that it is possible to control bitcoin. But in fact we have seen that it is impossible to control Bitcoin in the cryptocurrency market.

[gotbounty]

Bitcoin is already able to control the market. Where the price of altcoins will usually follow the Bitcoin trend. If Bitcoin has increased in price, the altcoins will also increase. And this pattern I observe always happens.

[Triedboy]

Bitcoin can be controlled.  We see that the prices of Bitcoin and Etherium are constantly rising.  And at the same time it is seen that all the other coins have started to rise in price slowly.  And if the price of Bitcoin goes up, Alert: What is the reason if the price of Bitcoin is not going up?