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

[|MINER|]

Why is that so? Because the majority of the investors are holding their major part of their portfolio in the Bitcoin, in this way it holds the big part of the whole crypto market. Other than that, whenever anyone asks me to suggest him/her before investing in the crypto market, I always suggest to him/her that he/she should invest the major part of his/her amount in Bitcoin and a minor part of his/her portfolio in the altcoin market, and he/she should also hold some part of his/her amount in the form of USDT to buy the opportunity while in the dip.

At the end I also suggest one more thing to that person: that he/she should DYOR because it must be done before investing anywhere in the crypto space.

And why they will not hold their major part on Bitcoin, everyone wants their fund security and guarantee, and in this case Bitcoin is always in the ahead and because in the recent days we saw they are multiple crypto coin crashed totally that's mean if you invested on that one most probably your funds turns down to  zero.
And here Bitcoin is rapidly growing and becoming more potential in market and as well in the future it will continue. And that's why I will also choice the same but what you mention the whale follow.

[DavetJack]

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

Yes, it's very good because we can predict and predict the market very easily.

[dave_strider]

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

Yes, it's very good because we can predict and predict the market very easily.

In the broader perspective, we all know BTC will rise, with or without such an influence.

[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

Now here are two points to be discussed, like one is a downtrend and the other one is an uptrend. Bitcoin's downtrend makes a panic condition in the market, and we know the altcoin market follows its moves, so the majority of the investors fetch their invested amount out of the altcoin market for safe play. And when the bitcoin market starts to follow an uptrend, then many of them who took their amount out of the market miss their old entries, and some of them fall prey to FOMO, and this becomes the reason the altcoin market does not move in an uptrend like the Bitcoin market.

Must share your opinion on this; would like to know your point of view, and also CMIIW! 

oh like that, so it can be said that the increase in bitcoin does not affect the price of altcoins like that, or I have the wrong perception from what I read from previous opinions, this price problem

[taufik123]

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

Now here are two points to be discussed, like one is a downtrend and the other one is an uptrend. Bitcoin's downtrend makes a panic condition in the market, and we know the altcoin market follows its moves, so the majority of the investors fetch their invested amount out of the altcoin market for safe play. And when the bitcoin market starts to follow an uptrend, then many of them who took their amount out of the market miss their old entries, and some of them fall prey to FOMO, and this becomes the reason the altcoin market does not move in an uptrend like the Bitcoin market.

Must share your opinion on this; would like to know your point of view, and also CMIIW! 

oh like that, so it can be said that the increase in bitcoin does not affect the price of altcoins like that, or I have the wrong perception from what I read from previous opinions, this price problem

The rise or fall of the price of Bitcoin will greatly affect the price of Altcoins, Because of the fluctuating price of Bitcoin and the dominance of Bitcoin that is increasingly rising, the Altcoin is shaken.

For more details, you can see this Bitcoin Cheat Sheet, How the Bitcoin Price will affect altcoins and when is the time for the altcoin to start rising.

[Jating]

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

Now here are two points to be discussed, like one is a downtrend and the other one is an uptrend. Bitcoin's downtrend makes a panic condition in the market, and we know the altcoin market follows its moves, so the majority of the investors fetch their invested amount out of the altcoin market for safe play. And when the bitcoin market starts to follow an uptrend, then many of them who took their amount out of the market miss their old entries, and some of them fall prey to FOMO, and this becomes the reason the altcoin market does not move in an uptrend like the Bitcoin market.

Must share your opinion on this; would like to know your point of view, and also CMIIW! 

oh like that, so it can be said that the increase in bitcoin does not affect the price of altcoins like that, or I have the wrong perception from what I read from previous opinions, this price problem

We can't really ignore the influence of Bitcoin in the crypto market, after all it's the prime mover so obviously, every altcoin has been traded with Bitcoin since the beginning. And up to know, we've seen that the altcoins is not moving and we might have seen a new cycle as Bitcoin hits new ATH but most of the altcoins are still way below their ATH. But still though, we can't really deny the big influence of Bitcoin that when it moves, we we expect some other altcoins to move as well. And outside of crypto, it is said that Bitcoin is correlated with the movement of stocks as well.

[snowpega]

I have saved the picture just for enhancement in my knowledge, and if you don't mind, I would like to get a little information about aforementioned picture. Well, I have an idea about support, so what is resistance here? It will be nicer of you if you make some difference between resistance and support for my better understanding. Just give a touch of an idea of what I have asked.

Other than that, we also know that these kinds of cheats just help us sometimes to have an idea about market conditions because we can never predict the market so accurately. What do you think? CMIIW!

[doc]

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

Now here are two points to be discussed, like one is a downtrend and the other one is an uptrend. Bitcoin's downtrend makes a panic condition in the market, and we know the altcoin market follows its moves, so the majority of the investors fetch their invested amount out of the altcoin market for safe play. And when the bitcoin market starts to follow an uptrend, then many of them who took their amount out of the market miss their old entries, and some of them fall prey to FOMO, and this becomes the reason the altcoin market does not move in an uptrend like the Bitcoin market.

Must share your opinion on this; would like to know your point of view, and also CMIIW! 

oh like that, so it can be said that the increase in bitcoin does not affect the price of altcoins like that, or I have the wrong perception from what I read from previous opinions, this price problem

We can't really ignore the influence of Bitcoin in the crypto market, after all it's the prime mover so obviously, every altcoin has been traded with Bitcoin since the beginning. And up to know, we've seen that the altcoins is not moving and we might have seen a new cycle as Bitcoin hits new ATH but most of the altcoins are still way below their ATH. But still though, we can't really deny the big influence of Bitcoin that when it moves, we we expect some other altcoins to move as well. And outside of crypto, it is said that Bitcoin is correlated with the movement of stocks as well.

I don't study stocks, so I don't really follow the correlation between bitcoin and stocks.
I just focus on watching the crypto market movement and hope that the price of bitcoin will go up again so that the price of altcoin will also go up.
because many people are also waiting for the price of bitcoin to go up again, we have a target to sell our coins and want to make a profit

[taufik123]

I have saved the picture just for enhancement in my knowledge, and if you don't mind, I would like to get a little information about aforementioned picture. Well, I have an idea about support, so what is resistance here? It will be nicer of you if you make some difference between resistance and support for my better understanding. Just give a touch of an idea of what I have asked.
-snip-

You are still asking about the meaning of support and resistance?
Whether you're a complete beginner or you don't learn first, what are the basic knowledge you need to learn in crypto trading.

If you want to get a clear picture of what you're asking, you can search for the information on google or ask in AI chat, then you'll know the full explanation, that's the basic knowledge you need to know.

[snowpega]

You are still asking about the meaning of support and resistance?
Whether you're a complete beginner or you don't learn first, what are the basic knowledge you need to learn in crypto trading.

If you want to get a clear picture of what you're asking, you can search for the information on google or ask in AI chat, then you'll know the full explanation, that's the basic knowledge you need to know.

Haha, I know my question was kind of newbie; I am not a trader, and I took only some trades in my crypto career, and other than that, I have just been holding my asset from a long time. I also know that I can Google search and take the help of AI for the enhancement of my knowledge. My intention of asking it from you is to start a discussion so that those who don't know about these terms will come to know about it from here after they may read our discussion.

Well anyway, mate, if you have suggested using Google search for that, it is a way more batter suggestion to DYOR than to ask or start a discussion. What do you think? Which one will be the best, DYOR or creative discussion? I think both!

[MUGNIA]

The rise or fall of the price of Bitcoin will greatly affect the price of Altcoins, Because of the fluctuating price of Bitcoin and the dominance of Bitcoin that is increasingly rising, the Altcoin is shaken.

For more details, you can see this Bitcoin Cheat Sheet, How the Bitcoin Price will affect altcoins and when is the time for the altcoin to start rising.

May I ask what is BTC D, I often see people saying BTC is going down and blah blah, honestly I don't know what btc D is and is it the same as BTC in the next column? maybe my question is very old-fashioned, but I honestly don't know what btc D is, I only know the btc that is in trading

[Mr. Magkaisa]

           -     There is no doubt that bitcoin has strongly influenced the market in this era, especially when it was approved for ETF, which is why now many institutional investors are really interested in bitcoin.

And the dominance of Bitcoin is unparalleled compared to other top altcoins and it is also the most trusted by large companies around the world and also by wealthy people around the world, meaning that bitcoin really has something that other assets do not.

[Mia Chloe]

There is no doubt that bitcoin has strongly influenced the market in this era, especially when it was approved for ETF, which is why now many institutional investors are really interested in bitcoin.

I think two of the major edges bitcoin has in the crypto ecosystem is the strength of its network and the security of its network too. Basically the decentralized network is a quite strong one since there is no central body to control the network or use it for personal gains directly.

Also if you check you find out that bitcoin has one of the strongest adoption intensity compared to every other cryptocurrency in the ecosystem and it has a good price movement record compared to them including current value.

[enwi]

There is no doubt that bitcoin has strongly influenced the market in this era, especially when it was approved for ETF, which is why now many institutional investors are really interested in bitcoin.

I think two of the major edges bitcoin has in the crypto ecosystem is the strength of its network and the security of its network too. Basically the decentralized network is a quite strong one since there is no central body to control the network or use it for personal gains directly.

Also if you check you find out that bitcoin has one of the strongest adoption intensity compared to every other cryptocurrency in the ecosystem and it has a good price movement record compared to them including current value.

As you pointed, two of the most important aspects that keep people using the Bitcoin are the network strength and network security. cannot be easily manipulated due to its large node point and hash rate which is as high as possible. This is the basis of the public’s trusting this cryptocurrency, or rather, the only basis, given that in the many years of its existence, Bitcoin has proven to be rather immune to external impacts. The latter might change in value, while the stability of the system will not be an issue. Also, as more giants and countries may start to learn or even adopt it, this also has an effect of supporting Bitcoin by default. If analysing the facts with historical and consistency in view, it could be virtually impossible to argue about the steadiness of Bitcoin more than any other digital asset.

[$crypto$]

There is no doubt that bitcoin has strongly influenced the market in this era, especially when it was approved for ETF, which is why now many institutional investors are really interested in bitcoin.

I think two of the major edges bitcoin has in the crypto ecosystem is the strength of its network and the security of its network too. Basically the decentralized network is a quite strong one since there is no central body to control the network or use it for personal gains directly.

Also if you check you find out that bitcoin has one of the strongest adoption intensity compared to every other cryptocurrency in the ecosystem and it has a good price movement record compared to them including current value.

And indeed from the beginning that is what bitcoin offers to its enthusiasts and it cannot be denied that people are interested in bitcoin because of this.

That is the advantage that ultimately makes bitcoin gain trust that continues to grow all the time. Where we are not controlled by others unlike currency for example. Although some narratives say whales can manipulate prices, we can continue to grow.