Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Delgboke on February 15, 2021, 05:57:23 AM
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
-
The price of altcoins still depends to some extent on bitcoin. And also the price of altcoins depends on how their project team works. If there is nothing behind the project, then the price will not rise accordingly.
-
We know that Bitcoin's price dominance depends on its level of capitalization. The higher the level of capitalization, the higher its level of price dominance in the cryptocurrency market. Bitcoin's dominance in the market is now around 60 percent. If this percentage drops significantly, that is, investors will invest their money more in altcoins, then the price dominance of bitcoin will disappear. In this case, if there is no second such leader with a high level of capitalization and dominance, the formation of prices in this market will be freer and will largely depend on the prospects for the growth of the project and its cryptocurrency.
-
We know that Bitcoin's price dominance depends on its level of capitalization. The higher the level of capitalization, the higher its level of price dominance in the cryptocurrency market. Bitcoin's dominance in the market is now around 60 percent. If this percentage drops significantly, that is, investors will invest their money more in altcoins, then the price dominance of bitcoin will disappear. In this case, if there is no second such leader with a high level of capitalization and dominance, the formation of prices in this market will be freer and will largely depend on the prospects for the growth of the project and its cryptocurrency.
Yes, I would like to see the cryptocurrency market already without this rigid dominance of Bitcoin. Otherwise, it turns out to be a decentralized cryptocurrency with rigid centralized price dominance. This is not entirely normal. I think that over time it will be so and this dominance of Bitcoin will disappear.
-
There is some correlation to this though we have to understand that this is not the case all the time. When Bitcoin is rising, it is also possible that some altcoins can be joining the party but of course the invitation can only be for a select few as not all can be accommodated, so to speak. So how come when Bitcoin is rising, the interest with altcoins can be falling? Well, it can be because investors and traders are focusing more on Bitcoin since they know that it can be making more money for them leaving many altcoins behind. However, when things are starting to balance out, some attention can start to be diverted to altcoins like what we are experiencing right now with Ethereum, Cardano, XRP, Dot and some more coins.
-
Bitcoin is always the basis per tokens but it does not control every cryptocurrency. In fact it is the main reason when to bullish and when to bearish. The price varies depends on Bitcoin movement. Altcoins are independent at the same time dependent to Bitcoin price motion. If there is bull run the market can be seen in green Opposite to bearish in red. Bitcoin does not control altcoins but affected altcoins.
-
Bitcoin and altcoin are indeed related to one another. so that the two are inseparable. will always be the same, interdependent and affect, especially in terms of price.
-
Basically both are cryptocurrencies but bitcoin and altcoin will be different when it comes to trading. Because there is something called market dominance, if bitcoin dominance is > 62% then the altcoin price will drop and otherwise. This occurs due to an increase or decrease value of the capitalization in bitcoin.
Easily, this is happened because traders move their assets to bitcoin when the market dominance exceeds 62%, automatically there will be a price drop in altcoins and otherwise.
-
Altcoins cannot be separated from bitcoin, but I am also confused that bitcoin should go up Altcoins should also go up, but lately, it doesn't continue to be reciprocal, bitcoin goes up altcoins there is no movement even suspended animation, if alcoin moves to up and bitcoin goes down, altcoin drops too in a short time
I also wondered why altcoins don't stand alone when ETherium is already arguably the best altcoin
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
IMHO, and base on my own interpretation altcoin price was tied to Bitcoin because it was a dominant cryptocurrency in terms of market capitalization, and it was also a base pair of most altcoins in trading other than Stablecoins like Tether so with that reality I guess it is the main reason why if BTC price will drop altcoin price is also followed but it is just my opinion I'm not so sure about it.
-
I think it is evident that the only dependent token on the blockchain is bitcoin; then altcoins and etherum are all dependent on bitcoin; this is just the reality. Recently, the dependence of altcoins has dropped down to 50%; but it still has to go further down to ensure that altcoins get dependent.
-
It's easy. There is nowhere or nobody with unlimited or infinite funds. People sell their bitcoins to buy altcoins during alt season, and sell up their alts for bitcoin when its on a bull ride
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
This has something to do with psychological buying and selling. When you can read the pattern of bitcoin uptrend then you will decide to sell your altcoin to buy bitcoin the same when bitcoin is downtrend to prepare the dip of bitcoin and buy.
-
Altcoins are always very dependent on the price of bitcoin, but now in the altseason, some coins do not react to the price of bitcoin and move on their own.
-
Altcoins are always very dependent on the price of bitcoin, but now in the altseason, some coins do not react to the price of bitcoin and move on their own.
But in my opinion, Altcoin price will not always depend on Bitcoin. Indeed, broadly speaking that is the case, but sometimes there are certain times where the price of Bitcoin price goes down while the Altcoin price goes up. If we are active in Crypto trading, I believe we will have moments like that.
-
We must accept that in the crypto world, Bitcoin is still king and leads the general trend of the market.
We can consider a number of cases:
+ The price of BTC rises sharply: new investors will be attracted and focus on BTC, other investors will sell altcoins to buy BTC, so the capitalization for altcoins does not increase, the price of altcoins will not increase much. ;
+ BTC price has gone high & stable: attention will be on altcoins, altcoins price & capitalization will go up, this is called altcoins season;
+ The price of BTC plummeted: the market lost confidence, the index of fear increased, investors simultaneously sold crypto to protect profits.
As such, the altcoins community is always expecting BTC price to stay high & sideways for as long as possible :)
-
My humble opinion is that if you watch or observed the crypto market, you will discovered that there is a method of cash inflow to the crypto market. it is a cycle. many has discovered it. Money flows in tru btc and then when people sell off. they push the money gotten from BTC to altcoins with huge marketcap and then move down to altcoins with medium marketcap and lastly to new projects that got listed.
-
The relationship between altcoins and bitcoin is getting weaker and weaker every year. Perhaps another couple of years and altcoins will finally distance themselves from bitcoin, at least this will happen with those of them that are backed by technology.
-
The relationship between altcoins and bitcoin is getting weaker and weaker every year. Perhaps another couple of years and altcoins will finally distance themselves from bitcoin, at least this will happen with those of them that are backed by technology.
I also hope so, because bitcoin's rigid price dominance prevents altcoins from developing fully. However, it is believed that this dominance is inextricably linked to the high level of capitalization of bitcoin. High capitalization, in turn, depends on the ability of bitcoin as a whole to constantly grow in value. Therefore, as soon as Bitcoin ever stops growing in value, which will happen anyway, the chain will be broken and altcoins will be freed from the dominance of Bitcoin.
-
What do you mean by independent? I don't think that any crypto coins can be independent, including stable coins. They are connected to one and another, if there is an improvement or decrease in price, then other coins will respond to it. The crypto market is decentralized, that's why it is very volatile and unstable.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
Well, it is what it is! The volatile is the very thing we can say as the main reason but of course man is the mover of this scenario regardless of what trend is in the market.
-
What do you mean by independent? I don't think that any crypto coins can be independent, including stable coins. They are connected to one and another, if there is an improvement or decrease in price, then other coins will respond to it. The crypto market is decentralized, that's why it is very volatile and unstable.
I think I agree with you, crypto currencies are decentralized system, So They are very volatile and unstable..I don't think about stable coin, because I get profit from price gaps. Crypto currency is dependent on demand and supply
-
Any cryptocurrency value depends from the progress . The indicators of the project development, largely contributing to the positive sentiment around the project affect the value of its cryptocurrency.
-
It is true, the price of Bitcoin is very influential on all altcoin prices because Bitcoin is the most popular coin, you could say Bitcoin is the parent of all cryptocurrency coins, so it greatly affects the ups and downs price of all altcoins. If the price of Bitcoin goes up, there must be many investors who are more interested in investing in Bitcoin, because they believe they will make a lot of money. Automatically, the price of altcoins will decrease because there are many less demand.
-
Because in my opinion, to be able to own or make altcoins yourself requires very careful preparation and costs are not small, you have to get a lot of support from investors, it's no wonder there are still many who have not been able to make their own altcoins.
-
According to my experience so far, the price of cryptocurrency depends on Bitcoin.
Bitcoin is the King of all altcoins and all those altcoins are afraid of Bitcoin.
When Bitcoin price turns red then all altcoins are red aka Dump and if Bitcoin changes color to green then the altcoins turn green.
-
Because these altcoins come from project developers, where there are many investors in altcoins, it will be difficult to implement to make them stand alone. because it must always get support from that party.
-
In my opinion, it is no secret to anyone that the price dominance of bitcoin over altcoins is ensured by its high level of capitalization in this market. The percentage of bitcoin capitalization will decrease, then it will not be able to influence the price of altcoins. However, even now it can be observed that many cryptocurrencies that appeared on the market relatively recently did not fall in price during this last correction, but, on the contrary, showed growth by many tens of percent per day. I don't know what this trend is, but I like it. Personally, I am pretty tired of the dictates of bitcoin in this decentralized market.
-
I have been observing the cryptocurrency market for a long time and it usually happens that if bitcoin starts to rise in price, then altcoins also start to rise in price, just as if bitcoin falls in price, then altcoins start to fall, as usually altcoins copy every bitcoin movements, of course, there are exceptions when altcoins themselves either rise or fall, and this also applies to bitcoin.
-
Yes, I would like to see the cryptocurrency market already without this rigid dominance of Bitcoin. Otherwise, it turns out to be a decentralized cryptocurrency with rigid centralized price dominance. This is not entirely normal. I think that over time it will be so and this dominance of Bitcoin will disappear.
It will be very difficult and it will take a long time to see the dominance of Bitcoin drop from the crypto market, when altcoins are not paired with Bitcoin, they will be paired with USDT.
But what we see is, all the altcoins have a different percentage drop in price as the number of requests decreases, Bitcoin will always dominate the crypto market because Bitcoin has a large number of communities from 2009.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
Until now, I think bitcoin is the centre of crypto currency, So it is normal If bitcoin price will affect the altcoins price. But I think tether USDT not be affected by bitcoin. USDT is more stable coin than other
.
-
Bitcoin is like the foundation for all other altcoins. And in whatever direction he starts moving, everything that is built on top will begin to vibrate or collapse. For the stable growth of altcoins, a stable bitcoin is needed, then everything will depend solely on their viability.
-
Because this altcoin and Bitcoin side by side complement each other. Without Bitcoin, of course, the market would not be crowded, so the chance for altcoins to get lots of investors would be few.
-
Except for stable coins and coins pegged to gold, silver or diamond, all other stand alone coins and tokens mostly depend on bitcoin, if you look and understand that market, you will know that while bitcoin is mostly traded against usd, almost all altcoins are been traded against bitcoin, so this is why bitcoin somehow controls mostly all the happenings in the crypto market.
But the truth is that this will not remain like this forever, in a few years to come, when crypto currencies must have expanded and become like forex, every coins should be able to stand on their and not be controlled by bitcoin anymore.
-
Except for stable coins and coins pegged to gold, silver or diamond, all other stand alone coins and tokens mostly depend on bitcoin, if you look and understand that market, you will know that while bitcoin is mostly traded against usd, almost all altcoins are been traded against bitcoin, so this is why bitcoin somehow controls mostly all the happenings in the crypto market.
But the truth is that this will not remain like this forever, in a few years to come, when crypto currencies must have expanded and become like forex, every coins should be able to stand on their and not be controlled by bitcoin anymore.
I truly hope this will happen when a day will come and the different altcoins will not have so much reliance on bitcion direction on every move you trade. Even when you trade any of this Alts with say stable coins, the bitcoin effect is still there cos you notice once bitcoin goes down, al other alts follow and that is frustrating to me.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
Firstly, all altcoins can not be manipulated at the same time and you have to learn that every altcoons has a BTC pair on almost all the active active exchanges world wide.
Now, BTC is the first crypto, and as a matter of facts, every altcoins follows the btc market trends which has automatically became a routine traditions since crypto inception. I think that this situations of the BTC dominance may change in the future.
-
Except for stable coins and coins pegged to gold, silver or diamond, all other stand alone coins and tokens mostly depend on bitcoin, if you look and understand that market, you will know that while bitcoin is mostly traded against usd, almost all altcoins are been traded against bitcoin, so this is why bitcoin somehow controls mostly all the happenings in the crypto market.
But the truth is that this will not remain like this forever, in a few years to come, when crypto currencies must have expanded and become like forex, every coins should be able to stand on their and not be controlled by bitcoin anymore.
I truly hope this will happen when a day will come and the different altcoins will not have so much reliance on bitcion direction on every move you trade. Even when you trade any of this Alts with say stable coins, the bitcoin effect is still there cos you notice once bitcoin goes down, al other alts follow and that is frustrating to me.
It all depends on the level of price dominance in the cryptocurrency market. However, I also hope that the dominance of only one coin - bitcoin - can disappear and there will no longer be dominance of only one coin. Already, Bitcoin's dominance has dropped to 44.9 percent. At the same time, ethereum's dominance has grown to 17 percent. New directions are also rapidly developing now. such as DeFi, NFT and others that take over the market capitalization. Therefore, the dominance of bitcoin is falling. We do not yet have experience of what will happen in this market if bitcoin loses its dominance. One I think that it will not be worse. It's still a decentralized market
-
bitcoin is the highest caste of crypto and automatically many coins follow the price in the market. there are some coins that do not follow bitcoin but most of them follow the prices it. apart from that, the altcoin price can also depend on the quality of the project. if the project is good and successful automatically the coin price is also high. So I think altcoins and bitcoins will indeed to be related each other.
-
I continue to search the market to see when the price of Bitcoin goes down. When the price of Bitcoin goes down a little, the price of the market and other points go down. All the time I have to monitor the market. In fact, it is difficult to say where the market will go. However, I have always increased the level of investment on some coins to make some profit by trading. Which depends on the price fluctuations of BTC.
I think I've been immersed in research on a lot of coins to find out where the Bitcoin situation will go in the market. I think the list of investments should be long. At the same time Bitcoin is running towards an unknown mystery.
-
As far as I know, there are only a few altcoins that are still stable even though the BTC was down, it proves that most altcoins are indeed following the price of btc in the market where btc is the highest crypto coin and both will be related to each other. This is what makes the crypto market go up and down, so be careful of that
-
It's easy. There is nowhere or nobody with unlimited or infinite funds. People sell their bitcoins to buy altcoins during alt season, and sell up their alts for bitcoin when its on a bull ride
I think you are right. However, the case is difficult to agree because once bitcoin dump all seems will dump too. If bitcoin increase, seems all will increase too. Bitcoin is the main player to change altcoins momentum whether up or down time. Maybe altcoins are just following Bitcoin flow as long as not altcoins season.
-
percentage drops significantly, that is, investors will invest their money more in altcoins, then the price dominance of bitcoin will disappear. In this case, if there is no second such leader discovere
-
percentage drops significantly, that is, investors will invest their money more in altcoins, then the price dominance of bitcoin will disappear. In this case, if there is no second such leader discovere
It is true that investors are putting their money in some altcoins, and they focus on a few, they do not invest as in previous years. But I also don't think that Bitcoin's dominance will diminish much or disappear. Bitcoin will always be the first investment currency in crypto, especially in investments with large amounts of money.
-
it has happened a long time ago, as we know that btc is the first coin and the highest coin in crypto so it is possible that altcoin will also follow its price, as there is a mutual bond in it. In fact, it is like that and that is what makes the crypto market go up and down. although there are some altcoins that remain stable I think most altcoins will follow the price of btc as the parent of crypto.
-
The reason for this is the high level of bitcoin capitalization. As much capital has been invested in bitcoin as in almost all other cryptocurrencies. This enables Bitcoin to exercise price dominance in the cryptocurrency market.
This market position is unlikely to be permanent. Cryptocurrency is evolving rapidly, and therefore the dominant cryptocurrencies will change over time.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
I think altcoins price is depending on supply and demand, also negative issue.
But don't forget, whales always have market strategy.
Whales is the main factor.
-
Bitcoin is known to be the first cryptocurrency and still maintain its legend, it is good that altcoin came because bitcoin wouldn't have been able to accommodate as many that have bombarded it now.altcoin has helped to reduce pressure on bitcoin.altcoin can be independent of bitcoin with time but it has to gain more ground such that more investors will choose it.And never forget, that's if bitcoin relents.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
The reason why altcoins are not dependent on their own ,because Bitcoin is still the King of crypto currency.
Bitcoin has been used to pairing almost all altcoins.
So, bitcoin price will affect to altcoins.
-
I think it is evident that the only dependent token on the blockchain is bitcoin; then altcoins and etherum are all dependent on bitcoin; this is just the reality. Recently, the dependence of altcoins has dropped down to 50%; but it still has to go further down to ensure that altcoins get dependent.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
Altcoins can not stand on its own because Bitcoin is paired to all altcoins on the market, and being the first crypto coin, it has that advantage, not possible to change now may be this control may be broken in the future.
In additions, bitcoin price pump does not reflect on the prices of altcoins because of wide range continieing dominance. Again, altcoins declining during bitcoin pump, some shows market sentiments, participants may be following markets trends partterns.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
Bitcoin is always be trend centre of altcoins , Because bitcoin is the pioneer and the King of crypto currency, So that's normal if altcoins depend on bitcoin didn't independent on their own.
-
If this happens, then some altcoins will soar so much that they will not be stopped later, maybe even the price of some altcoins will reach bitcoin. Of course, this takes time and altcoins will not immediately become independent of bitcoin.
-
the price of altcoins depends on the price of bitcoin, and on the people who have the bulk of these coins, that is, the manipulators who are behind the scenes, and to some extent on the crowd that runs to buy this or that cryptocurrency when news comes out.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
The reason why altcoins are not dependent on their own ,because Bitcoin is still the King of crypto currency.
Bitcoin has been used to pairing almost all altcoins.
So, bitcoin price will affect to altcoins.
The fact that Bitcoin is the king of cryptocurrency doesn't matter. The price dominance of bitcoin is primarily associated with the high level of bitcoin capitalization. As much capital is invested in bitcoin, which is approximately the capitalization of all altcoins. Now the capitalization of bitcoin is 43.3 percent of the entire market. If it falls in the future, then bitcoin will not influence the price of altcoins and their pricing policy will be freer.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
To understand why this happens you need to understand how money flows in crypto markets. When the price of BTC increases investors move their funds from altcoin to bitcoin so the market cap of BTC increases and for altcoin, it decreases. When BTC falls altcoin falls too because of BTC pair or altcoin. So rally or dump in BTC is not good for the altcoin. BTC market needs to be stable to ger a rally in the altcoin market.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
We all know, altcoins always follow bitcoin progress.
Altcoins are independent on their own, because at crypto currency bitcoin is always dependent, altcoins follow bitcoin as the King of crypto currency.
Bitcoin is the pioneer, others will always be follower.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
We all know, altcoins always follow bitcoin progress.
Altcoins are independent on their own, because at crypto currency bitcoin is always dependent, altcoins follow bitcoin as the King of crypto currency.
Bitcoin is the pioneer, others will always be follower.
Maybe the reason why altcoins are not independent because bitcoin is still superior.
Many altcoins always pairing to bitcoin.
So, altcoins always depends on bitcoin.
It's my opinion, maybe other members have good opinion, else.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
I guess it is because most Altcoins was tied up to the Bitcoin price and performance and for other reasons, Bitcoin market dominance is high that's why if the market was down it literally affect most of the altcoin price in the market with that fact altcoins will never be independent in contrary of what other people were saying.
-
Yes, I would like to see the cryptocurrency market already without this rigid dominance of Bitcoin. Otherwise, it turns out to be a decentralized cryptocurrency with rigid centralized price dominance. This is not entirely normal. I think that over time it will be so and this dominance of Bitcoin will disappear.
It will be very difficult and it will take a long time to see the dominance of Bitcoin drop from the crypto market, when altcoins are not paired with Bitcoin, they will be paired with USDT.
But what we see is, all the altcoins have a different percentage drop in price as the number of requests decreases, Bitcoin will always dominate the crypto market because Bitcoin has a large number of communities from 2009.
The dominance of bitcoin over altcoins is still very strong and, in my opinion, it rests on the belief of its holders that it will grow in price for a long time to come. This, apparently, will continue for some time, but anyway, someday the price growth of bitcoin will stop, after which it will sharply lose in price and capitalization, and hence dominance.
The cryptocurrency market is said to be a decentralized market, since there is no body to manage it. However, we are also facing very strong price dominance, which is contrary to its decentralized nature. Sooner or later it will be fixed.
-
It’s because until now Bitcoin is still dominating in trading and market capitalization. It is a common gateway for altcoins to be traded aside from stablecoins like USDT, BUSD, etc. However, we cannot say that all of them are dependent on Bitcoin’s uptrend or downtrend.
I have already experienced that last time in 2018 during the great Bitcoin crash where a few of my altcoins have super pumped and made me a fortune for at least a couple of years. But for now, most of the altcoins are still relying on the Bitcoin’s dominance.
-
Because altcoins are now a tool of speculation and few people use them for their intended purpose as a governance or utility.
-
Because altcoins are now a tool of speculation and few people use them for their intended purpose as a governance or utility.
If OP mean, why altcoinsbare always depending on bitcoin performance, I think that's true
Because bitcoin is the King of crypto currency.
Altcoin is just a follower.
-
Altcoins will always be related to bitcoin because btc is the parent of crypto in my opinion, but it is possible that altcoins can also be independent someday
-
Altcoins will always be related to bitcoin because btc is the parent of crypto in my opinion, but it is possible that altcoins can also be independent someday
That's right, Altcoins have a close relationship with Bitcoin. This is because Bitcoin is the parent of Cryptocurrencies like what you mentioned, I agree because every time I see there is no Altcoins that can exist independently and most of them about prices also always follow Bitcoin price changes.
But is it possible that someday there will be independent Altcoins without Bitcoin? I think it's difficult and maybe I don't believe it, instead of saying Altcoins are independent but actually they are also hitchhiking with the popularity of Bitcoin.
-
Altcoins will always be related to bitcoin because btc is the parent of crypto in my opinion, but it is possible that altcoins can also be independent someday
maybe oneday altcoins be independent, but it will take several years again.
As you said bitcoin is mother of crypto and still superior as the King of crypto currency.
-
Basically, the term "Bitcoin is the king of crypto" means Btc lead the tempo whether to move forward or move backward. Altcoins definitely will follow cuz Btc dominate the entire market.
Although sometimes there were/are tokens managed to pump despite Bitcoin drop position. But this case is seldom. The normal movement is wherever Bitcoin is, there's altcoins.
-
I think this is because the price movement of altcoins depends on the demand, which means that when they have a good project and are useful for many people, it will have a good influence on the price movement, whereas if there isn't it will be very difficult to make the price go up.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
Because altcoins are just follower of bitcoin, It's the reason why altcoins are always depending on bitcoin.
Maybe If there is potential altcoins that replace bitcoin at the coming future, altcoin will independent
-
This is not entirely true. The so-called bitcoin-altcoin coupling doesn't happen all the time. In fact, if you are a steady visitor on coinmarketcap and other crypto market monitoring sites, you'll notice some altcoins actually pump while bitcoin is dumping. Some gain x100 at the same time bitcoin dumped to 20k. So get your facts right
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
Altcoins can not stand on its own because Bitcoin is paired to all altcoins on the market, and being the first crypto coin, it has that advantage, not possible to change now may be this control may be broken in the future.
In additions, bitcoin price pump does not reflect on the prices of altcoins because of wide range continieing dominance. Again, altcoins declining during bitcoin pump, some shows market sentiments, participants may be following markets trends partterns.
Altcoins can exist on their own without Bitcoin. If now Bitcoin for some reason disappeared from the cryptocurrency market, this market would continue to exist without any problems. And I don't think it could get worse. The current price dominance of bitcoin over altcoins is due to its significant capitalization. In other words, significantly more funds are invested in bitcoin than in individual altcoins and groups of altcoins. At the same time, the great popularity of bitcoin rests on the belief of its holders that it will grow in price for a long time to come. If this factor disappears, and sooner or later it will happen anyway, then Bitcoin will very quickly lose its position as the leader of the cryptocurrency.
-
We can say Bitcoin is the base currency of most of the altcoins so whenever Btc drops Altcoins also drop but in the past 2 years we have seen most of the altcoins are now trading with different-different cryptocurrencies like USDT, TRX, BNB and ETH also So altcoins should also stand strong when BTC drops but the nature of the market is still same almost every cryptocurrency drops when BTC drops. Bitcoin is the strongest currency when it starts dropping investors or traders start selling in panic so the altcoins also drop parallelly.
-
Altcoins that have utility like Hashbit recently experienced a decline of 90% and all altcoins will experience the same thing when those utilities are not used by the crypto community, in contrast to memecoins that have no utility, their price goes up due to fomo and from whales.
But if I look at BTC, so far the price of Bitcoin has gone up due to the number of requests and Halving BTC, we can see it from the existing historical data.
-
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.
It's difficult to happen, altcoin can be independent.
Because bitcoin performance always influence altcoin.
Bitcoin is the King of crypto currency.
So, It will happen continuously until there is potential altcoin replace bitcoin.
-
No it is not possible. The majority of Blockchain projects and alternative digital currencies are in a one-sided dependency relationship with Bitcoin. Especially smaller currencies or starting projects are exposed to the partly enormous effects of Bitcoin performance. This can be attributed to the direct trade between Bitcoin and these currencies.
-
The reason why altcoins are not depending on their own because bitcoin is still the King of crypto currency that always has big influence for altcoins performance.
Bitcoin is still the biggest.
-
The reason why altcoins are not depending on their own because bitcoin is still the King of crypto currency that always has big influence for altcoins performance.
Bitcoin is still the biggest.
You're right, altcoins are always depending on bitcoin.
When bitcoin struggles , altcoins too.
As you said, It's because of bitcoin is the King of crypto currency.
Maybe at the coming future, bitcoin will be replaced
-
Bitcoin is now heavily dependent on the stock market and strongly correlates with it. There should be a paradigm shift so that people start buying it when the Nasdaq falls.
-
Bitcoin has a great influence on other coins. This is mainly because both are just the clones of bitcoin. Many investors also regard bitcoin as a reserve currency for cryptocurrencies.
-
Bitcoin has a great influence on other coins. This is mainly because both are just the clones of bitcoin. Many investors also regard bitcoin as a reserve currency for cryptocurrencies.
[Because you never know when a coin is going to boom. Have you heard of Mallconomy]
-
bitcoin is a benchmark that has passed the test of time. The rest of the coins are essentially startups, which are the personification of technologies that have yet to prove their worth.