How does BTC price affect other crypto?

[Cold_Zero]

Thats easy to understand one thing altcoins are all traded against bitcoin, soo any moove over bitcoin value will push up/down altcoins, some of them are able to follow bitcoin for a while since are based into it, but in the general the trend is to go at opost direction then bitcoin. Bitcoin where and still being the most power crypto and the first, altcoins camed after bitcoin trying to get similiar results and improve some issues that bitcoin could had, nowadays we do see a lot ico wich will be focus into some area, because bitcoin has been present at all, but isnt focus into nothing else besides provide a strong and safe way to moove money.

[Dynamite]

It is because bitcoin is the king of crypto that have full power to change the motion anytime and anywhere. It is the most influential coin that can dominate other coins.

[wanggober]

the exact price of bitcoin will have an impact on the price of other coins because Bitcoin is the parent of cryptocurrency and bitcoin also has volatile market prices, although many new coin coins are increasingly popular but bitcoin remains the cryptocurrency leader

[Kadal Mesir]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my investment due to this sudden drop. Does bitcoin price have something to do with this?

BTC affect the other crypto because Bitcoin is the first of crypto currency. It is more profitable and more popular than other. It also so high demand.

[nufika89]

Probably because many Bitcoin users are also users of the coins in Altcoin. So if Bitcoin goes down, Altcoin will also be affected by its market by decreasing Bitcoin. Maybe that, that's all I or from this. Maybe someone wants to have another opinion?

[Taufiq-yy1]

As you should have mention already Bitcoin is the first and most valuable coin and other coins are following it.
When it rises - they rise too.

[aldi putra]

maybe because bitcoin is the most expensive coin among other coins, maybe because that btc affects the other crypto

[Wedhus Balap]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my investment due to this sudden drop. Does bitcoin price have something to do with this?

I think bitcoin price affected the value of altcoins. But I believe at the future It will nit happen. When the altcoins are very popular and so high demand.

[yousufatik20]

Since bitcoin was popular and many people know and use that other crypto was doing step to most enhance their crypto and they compete each other and everytime bitcoin price increase most of all altcoin will decrease because most of all altcoin price following, when the bitcoin price come back into the normal price or going down, the altcoin price will go up again.

[LogiC]

Since bitcoin was popular and many people know and use that other crypto was doing step to most enhance their crypto and they compete each other and everytime bitcoin price increase most of all altcoin will decrease because most of all altcoin price following, when the bitcoin price come back into the normal price or going down, the altcoin price will go up again.

This isn't always the case mate. If bitcoin price goes up, why altcoin price will go down? I think you're barking on the wrong idea here. Bitcoin price will go down and up based on demand. Altcoin is leverage price with the bitcoin as it paired by most alts but it doesn't mean that price will likely to go down because the price are being set to normal price as the changes on the value favor. It's not being depreciated mate, the alts are just reprice to which its value should based on btc adjustment.

[Mut-coin]

As you should have mention already Bitcoin is the first and most valuable coin and other coins are following it.

[Iconic]

Bitcoin really influences market conditions on all coins in Altcoin, but there are some that are not affected. Indeed, we can guess that the owner of Bitcoin will surely have one or several Altcoins as well, so if Bitcoin goes down, Altcoin automatically goes down if the user sells one or several Altcoins too. That's according to my audience, there might be a wrong justification.

[gribble]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my investment due to this sudden drop. Does bitcoin price have something to do with this?

Bitcoin has been the father of all cryptocurrencies. A lot of people have been trading the coin in large quantities and altcoin activities tend to fund bitcoin. People use bitcoin to buy or trade altcoin so bitcoin activities, someway some how, also fund altcoin. Because of this effect, a drop in bitcoin will definitely affect altcoin.

yes right as you say that bitcoin is the first and most valuable coin. and it's no secret that because of the biggest volume of capitalization and popularity. bitcoin significantly affects the altcoin market and even famous coins depend on bitcoin.

[Jogjaasli]

maybe because bitcoin is the first coin in crypto, the price is very high, so it's called the king of coins, maybe that's why the price of bitcoin is very influential with the rise and fall of other coin prices .