Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on September 22, 2018, 02:29:42 AM

Title: Why do people care much about the price of Bitcoin?
Post by: Domithra on September 22, 2018, 02:29:42 AM
People are much concerned with the price of Bitcoin because it is the king of all the coins hence have an influence on almost all the coins and the entire crypto market. Most coins are paired with Bitcoin on the market, hence any decline in its price apparently affects the coin. A panic in Bitcoin wards off potential investors from crypto investment.
Title: Re: Why do people care much about the price of Bitcoin?
Post by: mahadev on September 22, 2018, 02:36:37 AM
Quote from: Domithra on September 22, 2018, 02:29:42 AM
People are much concerned with the price of Bitcoin because it is the king of all the coins hence have an influence on almost all the coins and the entire crypto market. Most coins are paired with Bitcoin on the market, hence any decline in its price apparently affects the coin. A panic in Bitcoin wards off potential investors from crypto investment.

The reason why the people care much about price of bitcoin because the value of bitcoin affect the price of other coins. It is my opinion.
Title: Re: Why do people care much about the price of Bitcoin?
Post by: desanti on September 22, 2018, 11:10:30 AM
the reason why people really care about bitcoin prices is because bitcoin is the king of all coins. then if bitcoin experiences a price decline it can affect the price of other coins throughout the crypto market. that in my opinion.
Title: Re: Why do people care much about the price of Bitcoin?
Post by: Bit on September 22, 2018, 11:20:49 AM
Quote from: Mahadewa on September 22, 2018, 02:36:37 AM
The reason why the people care much about price of bitcoin because the value of bitcoin affect the price of other coins. It is my opinion.
Yes, I agree about that. In fact, Bitcoin price can control altcoins prices on crypto market. People feel afraid when they get the information about negative issues of Bitcoin rates. I also think the same, so I take more attention in bitcoin price movement.
Title: Re: Why do people care much about the price of Bitcoin?
Post by: aldi putra on September 22, 2018, 12:14:39 PM
the reason why people really care about bitcoin in my opinion bitcoin has a high price among others and if the price of bitcoin goes down it will certainly affect other coins
Title: Re: Why do people care much about the price of Bitcoin?
Post by: Knaw on September 22, 2018, 12:19:15 PM
I think, we also believe and also care about bitcoin, because bitcoin also provides good opportunities we can get many benefits in the future because bitcoin is also the oldest and also the most famous altcoin.
Title: Re: Why do people care much about the price of Bitcoin?
Post by: densus88 on September 22, 2018, 01:32:26 PM
Quote from: Domithra on September 22, 2018, 02:29:42 AM
People are much concerned with the price of Bitcoin because it is the king of all the coins hence have an influence on almost all the coins and the entire crypto market. Most coins are paired with Bitcoin on the market, hence any decline in its price apparently affects the coin. A panic in Bitcoin wards off potential investors from crypto investment.

Because Bitcoin is the King of crypto currency. The bitcoin value affect all of altcoins. That's why people care much about the price of bitcoin.
Title: Re: Why do people care much about the price of Bitcoin?
Post by: Jun on September 22, 2018, 03:11:20 PM
yes people care much the price of bitcoin because they want to earn  much,so they're concern the price movement if price goes down this effect there efforts and certainly effect there earnings /profit
Title: Re: Why do people care much about the price of Bitcoin?
Post by: Confero on September 22, 2018, 03:17:51 PM
Yes, people care and are very concerned about the movement of Bitcoin prices, of course this is because the price of Bitcoin is very influential on other coin prices. while people here are happy if Bitcoin prices rise, because they store a lot of cryptocurrency coins.
Title: Re: Why do people care much about the price of Bitcoin?
Post by: Seerge on September 22, 2018, 03:43:05 PM
They all favor Bitcoin, and want to see the price of Bitcoin go up to the month, reaching the highest point of the price in 2017 yesterday. Besides that, it is true what you say, the price of Bitcoin is very influential on the price of other coins. so if the price of bitcoin rises, then other coins are also expected to rise slightly.
Title: Re: Why do people care much about the price of Bitcoin?
Post by: Jogjaasli on September 22, 2018, 03:50:46 PM
because that will affect investors who want to join or who have joined bitcoin, because from that price it becomes very valuable and profitable to get ..
Title: Re: Why do people care much about the price of Bitcoin?
Post by: Cruelmes on September 22, 2018, 08:18:54 PM
yes maybe you right the reason is cause all of coin / token is paired with bitcoin i believe but i dont get it why?  what make that happen??
Title: Re: Why do people care much about the price of Bitcoin?
Post by: Kusuma on September 22, 2018, 09:25:22 PM
They care about bitcoin, because bitcoin is the main one in crypto and affects the price of altcoins, and with the decrease in bitcoin prices, it can reduce the value of the assets they have.
Title: Re: Why do people care much about the price of Bitcoin?
Post by: Mikam on September 23, 2018, 01:19:11 AM
Most coins are paired with Bitcoin on the market, so any price reduction can affect coins. Panic in Bitcoin counteracts the potential of investors from crypto investments. People are very concerned about the price of Bitcoin because it is the king of all coins so it has an influence on almost all coins and the entire crypto market.