Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: comer on July 08, 2018, 06:25:01 AM
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
Yes, It is true. Because bitcoin is the King of crypto. So bitcoin value will affect all coin.
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
Yes, It is true mate. Because bitcoin is Father of crypto. So Bitcoin influence price of all coin.
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It effects all crypto because it is essentially the crypto reserve currency. Most exchanges require the exchange of bitcoin for other coins making it like a crypto reserve currency.
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It's because the main currency in crypto market is bitcoin and all the altcoins price will be affected with the movement of bitcoin price. Also the trading pairs in every exchanges where bitcoin has bigger value that can suppress all altcoins price.
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
The reason why bitcoin influence price of all coin because Bitcoin is the first and father of crypto currency.
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
Of course. Bitcoin is the King of crypto. Until today bitcoin always on top..So, Bitcoin influence price all coin.
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Bitcoin is the control of market price red and green time, and the investors are the controllers (manipulators) when they wanted to bring the price.
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It's because the main currency in crypto market is bitcoin and all the altcoins price will be affected with the movement of bitcoin price. Also the trading pairs in every exchanges where bitcoin has bigger value that can suppress all altcoins price.
True and as it should be.. I hear people always saying "lets just trade in USDT pairs and ignore bitcoin" but USDT is just another alt and any gap caused between ALT/USDT-USDT/BTC-BTC/ALT will be corrected by arbitrage bots.
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it could be that all prices are based on Bitcoin as a gold standard because the market is young and that the days of “follow the BTC price” are going to end soon
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
The explanation is quite simple. Bitcoin now still has a large capitalization - about 119 billion dollars. The next in the table, according to CoinMarketCap, is ethereum with its approximately 41 billion capitalization. Other coins have even lower capitalization. However, in percentage terms, bitcoin capitalization is steadily falling. If initially it was about 94 percent, now it has gradually decreased to 32 percent. If this continues to happen, especially given its current poor situation, then the bitcoin capitalization may drop to a level where it will lose price dominance over the rest of the crypto currency. For altcoins then it will be a real holiday.
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
The explanation is quite simple. Bitcoin now still has a large capitalization - about 119 billion dollars. The next in the table, according to CoinMarketCap, is ethereum with its approximately 41 billion capitalization. Other coins have even lower capitalization. However, in percentage terms, bitcoin capitalization is steadily falling. If initially it was about 94 percent, now it has gradually decreased to 32 percent. If this continues to happen, especially given its current poor situation, then the bitcoin capitalization may drop to a level where it will lose price dominance over the rest of the crypto currency. For altcoins then it will be a real holiday.
It will really effect the price of all crypto coin. Because bitcoin is the center of the crypto market. Of bitcoin failed all coin will maybe failed or if not feild maybe drop. The bitcoin price will have a direct effect on the market place it is really amazing .
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maybe because Bitcoin is a very large market, a market where lots of investors enter Bitcoin. and the bitcoin market is bigger than other coins. therefore Bitcoin is very influential on the coin market in all types of coins.
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By the way, I often read this question. And mostly, we say that yeah Bitcoin now still really hold the big influence of the altcoins. The price of the altcoins, most of them, follow the progress or the BTC price in the market. Whatever the reasons, BTC is still the king of crypto. So, it is still the standard of the altcoins.
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This major crypto currency correlates and affect all the others coins.
Only around a thousand of people own 40% of all existing bitcoin which means that there are a few whales in a big ocean.
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Yes of course, all crypto coins are greatly affected by bitcoin's price movement. As a mother or base of all crypto, undeniably its market has the control to make the prices of all coins to go down or up, depending on the demands and supply available in the market. When bitcoin demand falls or decreases, all coins will go down also as they are one family.
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Whether we like it or not, we are observing the amazing facts regarding crypto performance globally as serious. Altcoins are correlated with bitcoin value. In fact once bitcoin move up, almost altcoins go with it. Same when goes down.
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This is because the bitcoin is a coin that was first there. and also trigger the emergence of bitcoin coin coins new bitcoin made a benchmark and give impact on other coins.
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They have individual place but that place are connected with bitcoin. The motion should be unilateral in order to manage the system whether bitcoin soar high or not. The influence is very clear and noticeable in our naked eye.
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Because bitcoin is the father of all coins. I think this is natural, as is the dollar that will affect other currencies. although in this case it is clearly different, but more or less like that a simple explanation.
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Because bitcoin is the father of all coins. I think this is natural, as is the dollar that will affect other currencies. although in this case it is clearly different, but more or less like that a simple explanation.
Thats true mate. As the father of all cryptocurrencies I think it plays a big role to influence all coins and altcoins in the marketplace. Bitcoin movements are directly affected all cryptocurrencies and it is very clear and noticeable in effect.
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always has
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always has
I believe it can influence the price is every coin in the crypto market, because bitcoin is the center of all kinds of coin on the market place.
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if bitcoin prices do affect coin - coin, because bitcoin is always used as a reference for other coin - coins
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maybe because many crypto users use Bitcoin huh. because that is very influential in the market price. if many crypto users in Bitcoin sell their coins, it will have an impact on other coin markets. maybe it's true, and please explain again to those who know better.
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If you look at the classic exchange, the same thing happens there. Most trading instruments are correlated with each other. That's normal.
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Yes of course... As we all know, bitcoin is the base coin of all crypto and it can't be denied that its price movement affects almost all crypto coins. The market demands and supply are the main factors that enabled its price to go up or go down and this is normal because they belong to crypto family.
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how do you expect a leader not to influence you?, bitcoin been the king of all the other coins have the power in influencing their price. thus bitcoin determines the price of all other coins.
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I think all altcoins that are already at market prices depend on increasing bitcoin prices, if the price of bitcoin continues to rise, I think the price of altcoin will also increase.
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The power and dominance of bitcoin in the market is the main rule in crypto. Once move whether in up and down the market goes with the flow.
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because Bitcoin is the parent of all Altcoins.
Bitcoin has value on every Exchange and altcoins is not necessarily available on another Exchange.
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because Bitcoin is the first and father of the crypto currency and that is the reason why bitcoin affects the price of all coins
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
Yes , It is true. Bitcoin price influences all the value of altcoins. Because Bitcoin is the King of crypto currency and will be more popular again at the next year.
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
yes it's true that bitcoin greatly affects all coin prices. because bitcoin is king of crypto. so it has a big effect on movement in all crypt currencies
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They are not interconnected, but bitcoin has an important role in the crypto world. In my opinion, this is because bitcoin is the first digital currency to emerge so that it has high trust from coin investors. That's why if bitcoin prices rise or fall, other coins will follow.
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
The explanation is quite simple. Bitcoin now still has a large capitalization - about 119 billion dollars. The next in the table, according to CoinMarketCap, is ethereum with its approximately 41 billion capitalization. Other coins have even lower capitalization. However, in percentage terms, bitcoin capitalization is steadily falling. If initially it was about 94 percent, now it has gradually decreased to 32 percent. If this continues to happen, especially given its current poor situation, then the bitcoin capitalization may drop to a level where it will lose price dominance over the rest of the crypto currency. For altcoins then it will be a real holiday.
It will really effect the price of all crypto coin. Because bitcoin is the center of the crypto market. Of bitcoin failed all coin will maybe failed or if not feild maybe drop. The bitcoin price will have a direct effect on the market place it is really amazing .
Yes, it is true. Because bitcoin is the father or king of crypto. So, Bitcoin will greatly affect the price of all coins.
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
Yes, It is true. Because bitcoin is the King of crypto. So bitcoin value will affect all coin.
Yeah you're right!! Bitcoin affects altcoins price because bitcoin is sucking all the volume at the altcoin market. Like what happen this past days. Causing altcoin price to decline. When Bitcoin is rising, altcoin is dropping. But there are some altcoins which are not affected by the rise of bitcoin because of their solid supporters like BCC/BCH. I've been monitoring this altcoin and so far it's the only altcoin that has been pumped up while other altcoins are crashing. Most of altcoins are on green marks. Altcoin market is recovering. But i think it's a bulltrap because the hardfork is not finished yet. It's a good time to make some quick money.
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Bitcoin hold the entire movement of market that marks red or green days. It is all about bitcoin potential and power to dictate the moon but we should not forget the people behind because they are the real one who handles the system and movement. They can push and pull the value.
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Yes and we must agree on it because this is what really happen in the market today, everytime bitcoin will fluctuate all altcoins are also fluctuating simultaneously and may be some of the investors are looking on the status of bitcoin before they invest to altcoin.
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Bitcoin as the oldest technology is spearhead of this market it contains largest market for a reason. Bitcoin supports not only ordinary people but also business entities.
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Remember that bitcoin is the principal door of new fresh fiat. So when fiat goes away, btc decreases its value and people who are on altcoins pass to btc.
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Every investor is taking his position by looking at the Bitcoin movement, so it wouldn't be wrong to say that bitcoin is affecting the entire market. Also, if we look at the BTC dominance ratio, we can see that this is true.
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
Yes It is true. I also see that. Bitcoin price influence price of all coin. Because Bitcoin is the Kingbof crypto currency.
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of course bitcoin can affect the cryptocurrency market because bitcoin is a benchmark for several other altcoins so bitcoin can indirectly affect the cryptocurrency market
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As I observed. Almost or maybe more than 50% of Crypto users have Bitcoin. Which means that bitcoin dominates Crypto users. So that when the Bitcoin price drops, other coin markets will automatically be affected and also fall. Therefore it is not wrong if Bitcoin can be called the king of Cryptocurrency.
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Bitcoin has established itself as the first and most dominant cryptocurrency. The ‘anchor’ of the crypto market, thus making it the most popular coin to trade with. All the top exchanges offer a BTC trading pair. Thus when BTC starts to move everyone starts trading out of (or into) alts via BTC.
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of course bitcoin becomes the influence of other coins, because bitcoin is the first coin that successfully developed in crypto, bitcoin which is able to make crypto crowded by people
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it is true that almost all crypto follow the bitcoin movement, and I think that is indeed very good in trading, because I think it will be able to see bitcoin prices rise and other crypto will also follow the increase in bitcoin, and in the future bitcoin prices will definitely rise better and higher soar to the moon.
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it is true that almost all crypto follow the bitcoin movement, and I think that is indeed very good in trading, because I think it will be able to see bitcoin prices rise and other crypto will also follow the increase in bitcoin, and in the future bitcoin prices will definitely rise better and higher soar to the moon.
I agree on that bitcoin can really affect the price of am crypto coin because it is the first coin in whole crypto. And I believe that the people's trust is in bitcoin that is why if bitcoin price fall all other coin will also fall. We can really see this before the bitcoin has really a great connection or affect on the crypto market price.
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May be not all cryptocurrencies are related one and others. One altcoin can cause no influence to other altcoins. While bitcoin is very different, It because bitcoin is related to all cryptocurrencies. Bitcoin is the exchange pair for all coins or tokens. It is the main reason why bitcoin has a big role in the rise of crypto.
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The strong influence of bitcoin is what the proof that it is not dead. The mandate of bitcoin once it goes up all altcoins will instantly move forward with bitcoin starting hitting the moon.
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In my opinion, because some types of altcoins are traded for Bitcoin (eg TRON-BTC or BTC-WAVES) while Bitcoin is traded for Dollar / Fiat (eg BTC-USD or USD-BTC) so that the decrease and increase in BTC affects other coins.
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Because BitCoin is the first and largest crypto, when confidence is shown in it, there’s carry over to other cryptos. With decentralized exchanges and the massive success of recent ICO’s, I think this is only the beginning for BitCoin, blockchain and other coins. The success of BitCoin paves the way for projects like Saske
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The price of Bitcoin influence all the crypto market, because transacts to local currencies are through bitcoin.
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yes it is true that all coins are based on Bitcoin because Bitcoin is the parent of Cryptocurrency, and Bitcoin greatly influences market prices
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For the rest of my stay here in crypto currency. I have been observing that price of btc dictates the market condition. why is it guys? I thought they are not related to each other and they have individual place n the market but why they moves like btc way?
Yes I think It is true. I see Bitcoin influence price of all coin. Because Bitcoin is the first of crypto currency. It is more popular than other.
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because BTC is the king of all coin and BTC is the first coin that appears in the crypto world. so all coin/ altcoin will follow the price of BTC. when the price of BTC rises all coin will rise and when the price of BTC drop all coin will also go down. BTC is the key to all coin.
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Yes right, Bitcoin dominates everything, there is nothing as popular as bitcoin to this day, because bitcoin is a pioneer of circulating cryptocurrency, bitcoin has revolutionized cryptocurrency which is increasingly circulating in every day Coin new coins appear. So I think the price of bitcoin is very influential on all coins.
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Well I think because bitcoin is the mother of all coins that we have here in crypto. I think it will not going to change even it will take years.