Bitcoin is dominating against Altcoins

[trauchot]

Bitcoin will always dominate because bitcoin is the basis of all cryptocurrencies and altcoins are very dependent from bitcoin, for example, when the price of bitcoin rises then the prices of altcoins also rises, and when the price of bitcoin falls then prices of altcoins also fall, of course, there are exceptions, and indeed most investors are interested in bitcoin for investments and not in altcoins.

[Sharelock]

I used to see Altcoins market will always depend on Bitcoin dominance but looks like different now. What do you think? Here is the link https://www.newsbtc.com/2019/06/25/crypto-bitcoin-dominance-altcoins-btc/amp/

Until now the altcoin market still depend on bitcoin. Take a look from 2018 to 2020 when bitcoin price fell, altcoin also fell in price. It is very unlikely that altcoin can be independent without depending on bitcoin. Because bitcoin is the king of all coin

[legend45]

I used to see Altcoins market will always depend on Bitcoin dominance but looks like different now. What do you think? Here is the link https://www.newsbtc.com/2019/06/25/crypto-bitcoin-dominance-altcoins-btc/amp/

Until now the altcoin market still depend on bitcoin. Take a look from 2018 to 2020 when bitcoin price fell, altcoin also fell in price. It is very unlikely that altcoin can be independent without depending on bitcoin. Because bitcoin is the king of all coin

Yes, I agree bitcoin is still the King of all Crypto currency. I think the reason why altcoins are depending on bitcoin. Bitcoin will always affect the altcoins. But I think not forever, at the coming future we will see altcoins not depend bitcoin.

[Tnoy30]

Some altcoins on the market have helped reduce the dominance of bitcoin. There are lots of coins in the market. In which the amount of total assets is constantly increasing. I think some new coins in the market are helping to reduce the dominance of Bitcoin. However, Bitcoin's position has always been good and will continue to be good in the future.

[I-Bit]

I think that it has become the nature of Bitcoin that will be always the center point of cryptocurrency. Because BTC is the king of cryptocurrency. We can't separate the price influence by BTC. That is what I think so far.

[Hisbullah]

I think that it has become the nature of Bitcoin that will be always the center point of cryptocurrency. Because BTC is the king of cryptocurrency. We can't separate the price influence by BTC. That is what I think so far.

Of course, I agree bitcoin is always be the centre of crypto currency. Bitcoin is the King of Crypto currency. It is the reason why bitcoin is always dominating against altcoins. I think It will exist  for along years again.

[Power420]

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[Psycho]

Your idea is wrong because in the world of cryptocurrency one coin does not depend on another coin.  If a coin depended on another coin, then the value of the coin that depended on it would decrease.  Each market and coin moves at their own pace.  Depends on the investors.

[tor]

But still, the price of altcoins and the current moment depend on bitcoin, especially in dollar terms, when the price of bitcoin rises, altcoins also rise in price, and when the BTC falls, they also fall

[Cristiano]

I think your idea is wrong.  Because I think cryptocurrency coins do not depend on any coin.  Each coin goes under their own.

[Arendra]

Indeed, if we see that in crypto Bitcoin is so popular and there are a lot of enthusiasts. In fact, because the number of Bitcoin is limited, while many people want to own it, the price of Bitcoin is much higher than the altcoins.

[Rokis]

I think Bitcoin will always dominate in relation to alternative currencies. It has more trust and investors primarily invest in it. The first cryptocurrency will always have more advantages.

[Piku]

I think the dominance of Bitcoin will never be able to reduce other coins. Bitcoin has become the largest of transaction worldwide. So I think even if the dominance of Bitcoin decreases, Bitcoin will not be harmed.

[Trumpet]

I don't understand the bitcoin and alerts you talk about dominance. Please explain a little bit about the details.

[jonathancool220]

Altcoins can also be very opposite to Bitcoin because Altcoins also has its own principles.
Bitcoin can indeed provide dominance in the market, for example when Bitcoin has a red price, the altcoins turn red.

But Bitcoin is not on the side of anyone, aka independent and Bitcoin doesn't need altcoins.