What do you think of Bitcoin influence in the crypto market ?

[doc]

Bitcoin dominance influence is good for the whole market because with the help of this we can predict the bitcoin influence on other altcoins. And it helps the investors to be safe at their end because when they see the market condition, they will invest accordingly, or they will have an idea of whether this is the best time to enter the market or not, and in this way, we can say that Bitcoin dominance also helps investors in risk management. CMIIW!

Bitcoin is king, that's why bitcoin dominates the market. And every bitcoin movement will be followed by altcoin. I agree with you, bitcoin's dominance makes it easier for us to predict the market.
in buying and selling altcoins I also often refer to the bitcoin price movement at that time. and maybe other investors use it too.

[Crwth]

In terms of prices, it can have a negative impact just because when Bitcoin goes down, the whole market goes down with it. When prices are up, it also pulls up in some way, but it’s different when the whole market is going down just because of Bitcoin's price.

Being connected to Bitcoin is just natural just because it is the first cryptocurrency, and there is nothing we can do about it

[Marivic27]

It is generally known that Bitcoin has a strong hold in the crypto market and it is very certain this strong dominance will continue for a long period. This is due to Bitcoin’s market capitalization taking over half of the entire crypto market which resulted in BTC having the power and influence on the market performance of altcoins in general. I mean BTC price movement affects the entire market. Do you think it is a good thing for Bitcoin to have this influence ?

I think it is good that there is a coin that can influence the entire market,when there is no such coin that can influence the market like bitcoin what will be the possible outcome of the market condition? Maybe we don't know what will be the  possible effect but i can't imagine crypto without bitcoin, this bitcoin is the first cryptocurrency coin and because of this coin cryptocurrency is become so popular so if there is no bitcoin or if Bitcoin failed there is surely a posible big effect maybe negative effects to crypto.

[omori]

In terms of prices, it can have a negative impact just because when Bitcoin goes down, the whole market goes down with it. When prices are up, it also pulls up in some way, but it’s different when the whole market is going down just because of Bitcoin's price.

Being connected to Bitcoin is just natural just because it is the first cryptocurrency, and there is nothing we can do about it

BTC is the king, after all. Everybody follows the king (if the coin isn't premined, that is).

BTC is like a filter for the investors, showing whether the market is bullish or not.

[Faisal2202]

It is generally known that Bitcoin has a strong hold in the crypto market and it is very certain this strong dominance will continue for a long period. This is due to Bitcoin’s market capitalization taking over half of the entire crypto market which resulted in BTC having the power and influence on the market performance of altcoins in general. I mean BTC price movement affects the entire market. Do you think it is a good thing for Bitcoin to have this influence ?

I don't find any bad thing here, I mean, it does not affect the price of BTC, it does not affect the nature of BTC, and it does not affect BTC from any side. BTC is the king, and in the start there was only BTC, so the 100% dominance was due to BTC, and then other alts came into being, which started to attract some investments and took some part of the crypto dominance chart, and with time it started to increase, and that's why BTC has this much dominance today.

But still, if BTC.D is higher than 50%, that means people still find BTC the most profitable investment, but when it starts to go below 50%, then it can lose its value due to selling pressure.

[|MINER|]

It is generally known that Bitcoin has a strong hold in the crypto market and it is very certain this strong dominance will continue for a long period. This is due to Bitcoin’s market capitalization taking over half of the entire crypto market which resulted in BTC having the power and influence on the market performance of altcoins in general. I mean BTC price movement affects the entire market. Do you think it is a good thing for Bitcoin to have this influence ?

The only coin that alone has the power to dominate 60% of the market, that won't influence the coin market, then which coin will?
Then I would say it's our good fortune that Bitcoin can influence the entire crypto market. And the reason is that Bitcoin is the one that is fully decentralised, has no owner and the best thing is that it is limited.
If it were like other altcoins or shit-coins, then it would be seen that their owners are increasing the supply in the market or making the whole market as they wish. So obviously it's a good thing for Bitcoin to have this influence.

[debra]

It is generally known that Bitcoin has a strong hold in the crypto market and it is very certain this strong dominance will continue for a long period. This is due to Bitcoin’s market capitalization taking over half of the entire crypto market which resulted in BTC having the power and influence on the market performance of altcoins in general. I mean BTC price movement affects the entire market. Do you think it is a good thing for Bitcoin to have this influence ?

Since the beginning, Bitcoin's dominance of the market has always occurred, most altcoins always follow Bitcoin's movement, except when altcoin season occurs, usually Bitcoin is sideways and altcoins progress together to reach their ATH. but yes, the scheme and pattern sometimes change. it's just that, so far, Bitcoin's dominance remains unchanged, even now we are experiencing how Bitcoin's price drops and finally the price of Altcoins also mostly drops, much worse than that.

[Azharul]

It is generally known that Bitcoin has a strong hold in the crypto market and it is very certain this strong dominance will continue for a long period. This is due to Bitcoin’s market capitalization taking over half of the entire crypto market which resulted in BTC having the power and influence on the market performance of altcoins in general. I mean BTC price movement affects the entire market. Do you think it is a good thing for Bitcoin to have this influence ?

Actually, i think that you are express a best opinion in your post. So i am also agree with your prefer comment. We also know that bitcoin is one of the best profitable crypto in cryptocurrency market. So i think that influence of bitcoin will be a common matter in cryptocurrency market. We also know that when bitcoin price will high then others crypto currency market also be high. Another when bitcoin price reach down, then others crypto currency market will be down. So i think that bitcoin influence will remain continue in cryptocurrency market, so i think that this most profitable crypto will be very prefer for your trade or invest.

[dave_strider]

The only coin that alone has the power to dominate 60% of the market, that won't influence the coin market, then which coin will?
Then I would say it's our good fortune that Bitcoin can influence the entire crypto market. And the reason is that Bitcoin is the one that is fully decentralised, has no owner and the best thing is that it is limited.
If it were like other altcoins or shit-coins, then it would be seen that their owners are increasing the supply in the market or making the whole market as they wish. So obviously it's a good thing for Bitcoin to have this influence.

Big caps don't resort to such things (or they start out as - unlimited - ), but surely, BTC deserves the role of the flagman of crypto. It's rightfully deserved for all the values it upholds.

[0t3p0t]

We already have too many metrics to work with, I am glad that BTC is the factor that can be worked around in no matter the time frame

Though not all Altcoins are dependent on Bitcoin but most of them do, that is why we can predict what will happen next just by studying the Bitcoin dominance. Bitcoin really has influenced the market a lot and without Bitcoin I don't know what is.

[bitterguy28]

Who else would be worthy of such influence?

it’s not even bitcoin’s main intention to influence other projects it so just happens that other projects are the ones following bitcoin because bitcoin has set such a standard for them

i can’t think of any idea why bitcoin’s influence will be bad for the rest of the market when most investors are in bitcoin so i think it’s a good reflection of the market as a whole

[snowpega]

Though not all Altcoins are dependent on Bitcoin but most of them do, that is why we can predict what will happen next just by studying the Bitcoin dominance. Bitcoin really has influenced the market a lot and without Bitcoin I don't know what is.

Actually, what I think is that Bitcoin became the reason for the popularity of other altcoin projects to be known as cryptocurrency in today's crypto space, and there was a time when The King Bitcoin was alone in the crypto space, and then it started to get popularity, and then some other altcoin projects jumped into the market after BTC and started to be known as cryptocurrency. So, this is called the great influence of BTC on the whole crypto space. This is just my point of view, CMIIW! 

[Amphenomenon]

Do you think it is a good thing for Bitcoin to have this influence ?

Yes, I wonder what other decentralized cryptocurrency would be better to become the face of cryptocurrency?

The value, security use case and individual preferences has been among the significant effects of this.

I’m not against the fact that it’s at the forefront of cryptocurrency, just wanted to know what others think about its influence on altcons price movement because obviously if Bitcoin price moves higher, altcoins wil definitely follow suit and vice versa.

Yea, I get this and the question wasn't just thrown out to anyone who mat have answer to it. Although I guess no one has or knows an alternative .

As years goes by, it reign will become stronger. I remember when some altcoins years ago do speak about going ahead of bitcoin, especially in value during their promotional marketing of the coin/token but in the end they were eventually scam oftentimes while others are like nothing now.

Now every promotional ads will always speak of Bitcoin as their father recognising it supremacy above others and compares themselves with other mid coin or tokens.

[MUGNIA]

I think Bitcoin is the king of crypto, so there is nothing wrong if the value of Bitcoin affects the value of other crypto coins, this has actually become a reality, not an opinion anymore, if BTC goes up it can make other coins and tokens go up, although not as significant as when BTC goes up, but the movement in altcoins is there, even though it is slow

[|MINER|]

Actually, what I think is that Bitcoin became the reason for the popularity of other altcoin projects to be known as cryptocurrency in today's crypto space, and there was a time when The King Bitcoin was alone in the crypto space, and then it started to get popularity, and then some other altcoin projects jumped into the market after BTC and started to be known as cryptocurrency. So, this is called the great influence of BTC on the whole crypto space. This is just my point of view, CMIIW! 

My first question is, who did we know as cryptocurrency first?
And I have the answer to this, first we knew Bitcoin as cryptocurrency. And later we now know coins by different names, they are created and they are alternative coins of Bitcoin which we call altcoin for short.
So here Bitcoin is the main one and it will be natural that Bitcoin will influence its alternative coins or influence the market.