Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: yousufatik on December 13, 2018, 01:08:58 PM
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Since most of the alt coins are traded with Bitcoin or Ethereum. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
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The increase or decrease in the price of all coins in crypto depends on BTC. The value of BTC is very sensitive to whatever is happening on crypto when it will give effect to crypto, therefore the crypto value is very volatile. But the price of altcoin also has a basic influence on themselves, the better the quality of the coin, the stronger the ability of the coin to be able to have a good price.
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At the moment, BTC has the largest capitalization and dictates a trend to the entire crypto market. ETH is second in capitalization, but it also follows BTC. Now on the bear market, this dependence of altcoins on BTC is highly visible. But at certain moments, when the market changes its trend, the connection between BTC and altcoins can weaken and with a falling BTC, altcoins can grow and vice versa.
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ETH does not affect the price of BTC or Altcoin, but the price of BTC affects all coins, because BTC can be the main parameter for the world of cryptocurrency
when we see BTC prices change drastically, then the value of Altcoin prices against the USD also changes drastically, the changes can be in line can also be the opposite.
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Yes it looks like the altcoins depends on ethereum and bitcoin because most of the time that the prices of two coins fall other crypto investment are also falling.
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Since most of the alt coins are traded with Bitcoin or Ethereum. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
In my opinion altcoins price depend on demand and supply.. Bitcoin price only affect the value of all altcoins.
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more and more Altcoins begin to bargain with the Stable Coin. Of course, if there are no other trading pairs besides bitcoin and ethereum, then the price of the latter will determine the price of altcoin
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Correction, it is not dependent in two coins but only in one coin. Ethereum is also dependent to bitcoin price same with the altcoins. It is bitcoin alone that drives this market into moon or into land navigation. This is my observation about this bitcoin and altcoins in the market.
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It's normal that the price of every altcoins has a strong positive correlation with Bitcoin and Ethereum because these two are the biggest ones (with Ripple) in terms of capitalization. When there are huge movements all other coins will follow normally these movements too
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Since most of the alt coins are traded with Bitcoin or Ethereum. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
I beg to differ this but is the whole crypto is taking a massive damage altcoins price will definitely be affected like what is happening now. Previously we see ethereum going down but bitcoin hold its grown we will still see some altcoins price rising.
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I have been asking this question, but there seems to be no logical answer in view yet.
Hopefully I get my answer from the thread.
The comments have been informative so far
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The majority of the crypto markets follow bitcoinand eth comes second . Bitcoin is the leader and market influencer Where there 2 goes, the rest of the market tends to follow them . Altcoins prices is also dependable on these two .
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Every coin depend on demand and supply from market maker , but the paired with btc has a significant effect which makes btc a very unique coin among all , one btc is down in dollar every coin paired with btc will also have effect of that dip eg if 1 btc is $10,000 and a ripple is $1 which is 0.0001 in btc value so if btc trend down from $10k to $8k and the ripple still remain 0.0001 in btc value then it will automatically dip from $1 to $0.8 value .
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BTC has the largest capitalization and dictates a trend to the entire crypto market. ETH is second in capitalization, but it also follows BTC. Now on the bear market, this dependence of altcoins on BTC is highly visible. But at certain moments, when the market changes its trend, the connection between BTC and altcoins can weaken and with a falling BTC, altcoins can grow and vice versa.
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it has always been so the whole market depends on the price of bitcoin since this main coin and all altcoins are attached to it
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The main Altcoin does not follow BTC 100% of the time. Instead, they tend to overestimate dips but not nails. That is, people tend to withdraw from alts and enter the BTC when the BTC rises, but all coins tend to go down simultaneously. If you do math about it, it's not good. This causes altcoin not to return high when Bitcoin exceeds its highest level. The result is that when Bitcoin rises, it follows slowly (after going down and then lags behind); And when Bitcoin goes down, it seems to follow perfectly or even overstate the decline. and to exceed the current price is very unlikely, so the existing circulation in the market is still held by Bitcoin
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All coins depend the price on bitcoin. When the bitcoin dumps. the altcoins will 100% dump much more than the bitcoin. Hoping to see the bitcoin pump soon.
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More likely altcoins are dependent to bitcoin as it was the original coin ever in crypto. Bitcoin is the basic basis of any altcoins to launch project in the sphere of decentralized place.
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we know that bitcoin is a superior coin, so I don't think it's wrong if the price becomes a reference for the altcoin price. usually if the btc price drops then the altcoin price will also go down. so we should be able to dealing it well.
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The price of altcoins depends on both Bitcoin and Ethereum, that's is why whenever these two big players goes down all the coins will go down.
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Now in the bear market, the altcoin dependence on BTC is very visible. But at certain times, when the market changes its trend, the connection between BTC and altcoin can weaken and with BTC falling, altcoin can grow and vice versa. BTC has the largest capitalization and dictates trends throughout the crypto market. ETH is second in capitalization, but also follows BTC.
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I think altcoin price depend on bitcoin and ethereum, this is the reason why when bitcoin and ethereum price drop it affect altcoin automatically.
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Yes, most altcoins prices depend on Bitcoin and Ethereum because these coins are the most pairs on exchanges. If the prices of these coins are going down, then the values of altcoins will follow them. That's why Bitcoin and Ethereum have big influences.
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I think the increase or decrease in the price of all coins in crpyto depends on bitcoin. So the price of bitcoin greatly affects all coins, because bitcoin can be the main parameter for the world of cryptocurrency therefore when we see the price of Bitcoin changes drastically, then the value of the Altcoin price against the USD will also change dramatically.
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Yes altcoins are directly and indirectly depend on bitcoin and Ethereum. When bitcoin and Ethereum price is falling down, in same time altcoins prices are falling down. Maximum altcoins are in ERC20 platform.
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altcoin is highly dependent on bitcoin, because altcoin is a bitcoin pair and if the couple trades coins in ethereum, the price of ethereum depends on the bitcoin price as well. which means that the price of a coin depends on the bitcoin price. and If the bitcoin price increases, it will make the whole market green and if you see the price of bitcoin falling then all other altcoin prices in the market will also fall.
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It is often seen that the value of bitcoin increases, so the value of altcoins also increases, every coin has its own value, it also does not even get to see that the value of all altcoins has increased.
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One key here is that cryptocurrencies tend to follow a rotation. When alts are not in rotation, they are almost all sub-par compared to Bitcoin. When they are in rotation they tend to provide far bigger gains than Bitcoin if you can time them right. See May – June 2017 and December 2017 – January 2018. In these times alts were in rotation and BTC stagnated. Outside of these times altcoins are very tricky to invest in and generally Bitcoin will outpace them due to the relationship between Bitcoin and alts. Inside these times, when Bitcoin stagnates, altcoins heat up and heat up fast. Timing the market is next to impossible, but this is all worth keeping in mind
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It is the fact that altcoins prices depend on the prices of Bitcoin and Ethereum. This is why people happy if the prices of the two coins are rising. These coins also influence the market trends, so these coins have important roles in all altcoins prices.
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Since most of the alt coins are traded with Bitcoin or Ethereum. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
I am sure right now they depend on bitcoin and ethereum on their survival but we never know what will happen ti the altcoin prices in the future when it is able to break free from bitcoin and ethereum.