Why do altcoins follow bitcoin?

[yousufatik]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

[mamun777]

Bitcoin is the oldest crypto currency, and also it is the most successful one with the highest potential and value, in addition, the Bitcoin's market is the biggest among crypto markets. So it is normal that altcoins follow Bitcoin and get influenced by its market and price.

[kamal420]

The actual reason is investors are follow the Altcoins and Bitcoin so marketcap is similarly move to the same way. But peoples are expecting Bitcoin is controlled by altcoin. First we should think how Crypto market is pump and dump the main reason is supply and demand if you investing continuously automatically this will growing faster at the same time if you sell continuously it will down in the market. So investors are major in Crypto platform.

[bdamenaakter]

Because bitcoin prices are so important from altcoin price movements, when bitcoin prices rise then altcoin prices will also rise when bitcoin prices go down then altcoin will also fall, altcoin will not dare to try to raise altcoin prices when bitcoin drops in price.

[Jayde]

When bitcoin sideway, of course you will earn a small profit. In the same moment, if you switch to other alt with a lower price, your profit will bigger.

[legend45]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

The reason why altcoins follow bitcoin, Because Bitcoin is the first if crypto currency.

[altery0518]

If happens that bitcoin will die i believe altcoins are also dying because most of altcoins are dependent on the movement of bitcoin. Another reason why altcoins are dying too because people will not trust investing in crypto again due to afraid that the crypto they choose to invest are dropping too bad or dying.

[Raboni]

Maybe because bitcoin is the only driver in cryptocurrencies place. It is like roller coaster destination of altcoins with bitcoin kingship. Nobody can stand against the flow once bitcoin started to glow or to drawn.

[Sabarhati]

because bitcoin is the oldest and most experienced coin, so coin-coin alcoin always follows bitcoin travel, because alcoin is younger, in order to be able to walk together, alcoin always follows bitcoin

[Zed0X]

Just to be clear, not all altcoins follow bitcoins price.

Why do MOST altcoins follow bitcoin?
Nobody can really explain this. Even experienced crypto traders and investors do not really know why. One possible reason is that not many altcoins have USDT pairing. Majority are still paired with BTC and ETH

[bhm45]

Because Bitcoin is considered a benchmark, every Altcoin is based on it to show its worth. Bitcoin is like a king, and every Altcoin is a child of it. They always considered Bitcoin as a benchmark to set their prices.

[aji678]

all altcoins follow bitcoin because bitcoin is the first digital currency and altcoins want to be like bitcoin and surpass what bitcoin has done in this crypto currency world.

[JSD10M]

Because Bitcoin is still the King of Crypto. Perhaps that is the simplest and best explanation anyone can give. Traders and investors already accepted that.

[mightwalker]

The dominance of bitcoin is very high, about above 50% as of now equal a half of the total market. So I think its movement will affect alts so much.

[Ta.Form]

because Bitcoin is the parent of cryptocurrency, as well as currencies that have a very high value and this certainly will greatly affect the prices of other Altcoin.