Bitcoin may effect other crypto?

[mlawson71]

Can someone name a big example where Bitcoin affected other currencies?

[Fenix]

Can someone name a big example where Bitcoin affected other currencies?

If we look at the cryptocurrency price charts, then almost all types of cryptocurrencies repeat the price movements of bitcoin every day.
However, if in 2017, following the increase in the price of bitcoin, the price of altcoins also increased, then in the second quarter of this year, when bitcoin increased in price by about four times, altcoins rose only slightly. This indicates that there are no uniform rules in cryptocurrency.

[damsix]

Very influential for the price of altcoins because of the inner strength of Bitcoin is very large.
Bitcoin has the perfect effect for Altcoins and can make FOMO increases and decreases in extream prices.

But I am surprised by the market now, because there are only some altcoins whose prices are sinking. LOL

[therozaq]

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 ?

Yes,  It is sure.  When bitcoin price rise up,  It will affect  to other coin.  Because  I think Bitcoin is still the King of cryptocurrency.  It is the reason why It does.  I think It called bitcoin effect. Maybe It will exist for several years again,  until bitcoin will be replaced by another coin.

[LogiC]

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 ?

Can influence with the price of altcoins too. But not all altcoin will gain benefit from the price but only those good projects that has a great product, platform and services. Bitcoin is a major coin which is paired by most altcoin. So if its price would change higher then, there will be changes in altcon prices. Not all market are auto change price some forgot to change their bid to sell, which I think exchange should be integrating cause what if the price has increased and someone bid at a very far price from that? Then he is doomed for not monitoring his asset?

[pelana vreo]

The price of Bitcoin always influences the price of altcoin, but from what we have seen, the current price of altcoin has never followed the rising trend of BTC prices like 2017 and 2018, BTC prices can rise quickly and altcoin prices are not too fast to follow the movements of Bitcoin, all this happened because of the many new altcoins coming and becoming a new choice for long-term investment

[rizqillah]

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 ?

Yes of course.. I think Bitcoin may effect other cryptocurrency. When bitcoin rise,  other crypto  will rise.  I see It is bitcoin effect.  Because bitcoin is the king of cryptocurrency.  Bitcoin is so popular and high demand.

[Bobcrypto]

Bitcoin is the number one of all crypto and it determine the movement of crypto market prices. A pump in bitcoin also affect other altcoins positively likewise the fall in the price.

[Seerge]

Bitcoin is the parent of all existing Cryptocurrency coins, so I guess it's reasonable if the price of Bitcoin affects the price of other Cryptocurrency coins.  Because I see up to now there is no Cryptocurrency coin that can rival Bitcoin.

[Lanirex]

Bitcoin is the king of Cryptocurrency, and it is natural that other Cryptocurrency depends on Bitcoin. And this I often see, when the price of Bitcoin goes up then the prices of other Crypto also go up, but this is not forever. Sometimes the price movements of Bitcoin and Cryptocurrency are not the same.

[dekafee79]

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 ?

Yes,  It does.  Bitcoin has effect  other cryptocurrency.  Because Bitcoin is the King of crypto currency,  so It will influence the market.  By seeing this condition,  I hope bitcoin  price  will rise and rise again.  Because I still hold altcoin.

[Delgboke]

These are our inner most expectation for Bitcoin price to influence other cryptocurrency price value because it seems that only bitcoin has been the one rising alone and other alts are actually falling.