Bitcoin may effect other crypto?

[Xtinah]

Definitely, bitcoin price always affects other altcoin prices. Their prices are always determined by any positive or negative impact on bitcoin. Its very obvious

[Galon]

That's right, the impact of the movement of bitcoin whether it goes up or down is very influential on the value of other coins. This is caused by bitcoin as the parent of all altcoins.

[May]

no loss if bitcoin as the parent of all altcoins is able to become a positive power for other altcoins. the market is now increasingly passionate. the movement of rising bitcoin can be followed by other altcoins.

[Rindian]

This is one of the greatness of bitcoin. He is able to become another coin motorbike. Now all altcoins are starting to rise in price. This is all not free from the influence of bitcoin.

[tsakf]

Bitcoin effects other crypto, for sure. Dominance has raised to near 60%. This is a very good sign, Bitcoin attracts more and more funds, From time to time, traders, sell bitcoins and buy altcoins, so altcoin prices go up too.

[Ghozrd]

As I see now, Bitcoin prices rise and altcoin also pumps but not as fast as Btc prices.
I think altcoin is not as it used to be, we take the example of Ethereum which once reached a price above $1000 and now altcoin is too slow to rise, because investors still choose BTC for investment.
Maybe in the future Altcoin will have a high price without following the price of BTC.

[tervel]

In a speculative market, free market movement is pretty much like a herd which if follows the notion that Bitcoin price is affecting the altcoin prices, the rest will blindly follow.

[hope167]

bitcoin more affect to crypto, bitcoin with high volume and price will do market go down and up base on its price

[Seeyy]

I don't think it is entirely correct. If bitcoin is the king of altcoin, the price increase does not fully affect other altcoins. Because I see there is a gap that is too far between bitcoin and other altcoins.

[Galon]

that's right. what I feel about the movement of bitcoins can affect other coins. In the past few weeks bitcoin has moved up. now some other altcoins also seem to be moving up.

[Stuart]

So do you think that when bitcoin price rise up a lot of crypto currenceis will be also affected from it. Will be there a chance that if bitcoin rise , altcoin will also be pump, what do you think ?

Some few days back, I observed when the price of bitcoin was shutting from $6k - $7k, the price of altcoins where negatively affected, coins like ETH, EOS, ATOM etc. Now, altcoins are rising smoothly, and this is a positive effect of bitcoin to the altcoins.

[aji678]

in my opinion this is the thing that has happened in the previous year, if bitcoin rises then the altcoin will follow the price movements. the increase in bitcoin greatly affects other coins. in my opinion this has become a tradition of cryptocurrency if the crypto king rises, the altcoin will certainly rise.

[ayatoslaw]

only when BTC altcoin sideways will rise,
when BTC goes up and down, most altcoins will decline.
but in some cases, there are several altcoins that increase when the BTC rises or falls.

[nick_nicky]

Yes, bitcoin has a great influence on the other crypto. Bitcoin is growing (it is speculated that it will be almost 10K by the end of this year) so I believe that the other altcoins will grow too

[I-Bit]

I think yes. At present, altcoins are not yet independent, in the sense that they are still dependent on the conditions of Bitcoin. This is one of them because the benchmark price of altcoins is the value of Bitcoin. At this time, the value of Bitcoin and altcoins is both decreasing. However, if in the next few days this first crypto experiences side ways, it will be possible if altcoins will grow and increase.