Altcoins are not independent!

[imikocha1994]

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...

[tamango]

I agree with you, even if correlation between BITCOIN and others coin is not always so big. It really depends on news that come out and general mood about that particular coin too.

[Mbah Jenggot]

I agree with you, even if correlation between BITCOIN and others coin is not always so big. It really depends on news that come out and general mood about that particular coin too.

Yes I agree mate. For now, Bitcoin value affect the price of all altcoins. Because bitcoin is still KING. Maybe in the coming future, Altcoins will independent.

[jonathancool220]

it's true that Bitcoin is still a KING for all Altcoins.
Market domination is difficult to stop for Bitcoin.
while the price of many Altcoins sinks to the bottom.

[marksayson]

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...

We can confirm that the price changes of the coins and altcoins are not just based on its price movement on the exchange. But also about the upcoming news and update related to the coins and tokens which is the reason for the price movement also.

[dekafee79]

How many studying this forum, I see a lot of topics, such as:
"Ethereum is dead?"
"Achieving Etherium$ 15,000 or more this year?"
"The price of Litecoin will reach 400?"
"Why is EOS falling?"And many similar questions.. I want to give an explanation of what is happening... Everyone should understand that individually neither Etherium nor Litecoin, virtually no cryptocurrency will not go against the General mood of the market! That is, where the most important cryptocurrency Bitcoin is sent, all Altcoins follow it. And if now the price of Etherium is 430$, although at the peak reached 1440$, then this does not mean that the Etherium died, and this is primarily due to the fact that Bitcoin at the moment is not worth 20000$, as then, but 6000$. And only Bitcoin begins to come to life, once the entire market is green. I understand that for many this is not news, but I hope this information will be useful to someone...

For now, Bitcoin affect all altcoins. Maybe at the coming future altcoins will be dominate.

[I-Bit]

You are right. Altcoins are certainly not independent. Bitcoin has a big influence on altcoins development. When the price of bitcoin falls, it gives a bad impact to altcoins prices. I still don't know when altcoins can be dependent. I hope one day, altcoins its own way. 

[Crypto Prime]

for now, your statement are right, that bitcoin is the only digital currency that is the king of cryptocurrency. but nothing is impossible that altcoin will also outperform bitcoin. this is because bitcoin is hard to get now, and many people have altcoins.

[Nestle]

All see the value of bitcoin. bitcoin has a large decline so that altcoins experience the same thing. no coins die. only the drop in interest I saw.

[bhm45]

that's right that altcoin is not control by any government or athoutrity but it mainly control by the market and users. investors interest over it and their activities toward the market is the policy to control it price , even it is hard to predict what will be it's future if the price will be rise or not.