Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: zorchy on October 11, 2018, 07:29:13 PM

Title: How does Bitcoin affect other Crypto?
Post by: zorchy on October 11, 2018, 07:29:13 PM
I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?
Title: Re: How does Bitcoin affect other Crypto?
Post by: kamal420 on October 11, 2018, 10:20:03 PM
Bitcoin is the first ever cryptocurrency. Some people call it the father of all cryptocurrencies. Every other cryptocurrency is paired with bitcoin for pricing, so bitcoin is a price intermediary between one cryptocurrency and the other. If the price of bitcoin is down, it will definitely reflect on other cryptocurrencies.
Title: Re: How does Bitcoin affect other Crypto?
Post by: gribble on October 12, 2018, 04:16:27 AM
Quote from: zorchy on October 11, 2018, 07:29:13 PM
I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?
Bitcoin is the first cryptocurrency ever. Some people call it the father of all crypto currencies. Every other cryptocurrency is paired with bitcoin for pricing, so bitcoin is an intermediary between one cryptocurrency and the other. If the price of bitcoin falls, it will definitely affect other cryptocurrency. so falling and rising prices of bitcoin will greatly affect all other cryptocurrency prices.
Title: Re: How does Bitcoin affect other Crypto?
Post by: Bruks on October 12, 2018, 04:42:20 AM
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..
Title: Re: How does Bitcoin affect other Crypto?
Post by: leodiaz on October 12, 2018, 10:45:37 AM
I think bitcoin has no way to influence other crypto values. But, bitcoin has a very strong influence as a crypto king. Bitcoin has high trust from the community. So when the price of bitcoin rises, then confidence in the altcoin will also increase. I rasas that has an effect on Bitcoin.
Title: Re: How does Bitcoin affect other Crypto?
Post by: flyaccount on October 12, 2018, 10:54:18 AM
Bitcoin is the king of Cryptocurrency. almost all coin users besides Bitcoin have Bitcoin as their priority coin. So from that Bitcoin can affect the price and state of other coin markets simultaneously. Therefore, many coins in Altcoin that have lived under the auspices of Bitcoin and the market is indeed influenced by Bitcoin.