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Author Topic: Does bitcoin control the market?  (Read 47995 times)

Offline Bitstar_coin

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Re: Does bitcoin control the market?
« Reply #255 on: January 27, 2021, 10:23:28 AM »
Btc controls like %90 of the market, right when you see btc price is down you will also see majority of the token price is down by some percentage, btc dominance is still very high over alts, but some alts are still able to perform even when the btc price is down.

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Re: Does bitcoin control the market?
« Reply #255 on: January 27, 2021, 10:23:28 AM »

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Re: Does bitcoin control the market?
« Reply #256 on: January 27, 2021, 10:30:57 AM »
It's true bitcoin does not totally control the market price of crypto, the market price depends on the law of demand and supply, which is when there is much buyers the price will pump and when there is much sellers the price will dump. But is still think bitcoin still contribute a little because people watch the price movement of bitcoin before buying altcoins because there believe altcoins prices depends on bitcoin

Offline Rokon5

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Re: Does bitcoin control the market?
« Reply #257 on: January 27, 2021, 10:37:52 AM »
Yes,bitcoin controlling the market.All altcoins are depending on bitcoins movement.I think no one can not control the bitcoin.Who will control the bitcoin they will control all altcoins.It's my opinion.

Offline arnold dudicove

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Re: Does bitcoin control the market?
« Reply #258 on: January 27, 2021, 12:34:08 PM »
It's true bitcoin does not totally control the market price of crypto, the market price depends on the law of demand and supply, which is when there is much buyers the price will pump and when there is much sellers the price will dump. But is still think bitcoin still contribute a little because people watch the price movement of bitcoin before buying altcoins because there believe altcoins prices depends on bitcoin

I agree with your opinion. It is true that bitcoin cannot control or interfere with the cryptho market. But we shouldn't forget that most of the people use bitcoin fluctuation as a barometer of the price of other coins ...
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Offline Tunir Baap

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Re: Does bitcoin control the market?
« Reply #259 on: January 27, 2021, 12:38:00 PM »
It is not to say surely that bitcoin control the Merket. But bitcoin has now spread dominance in cryptocurrency Merket. Bitcoin is always take high position. Others crypto coin are dependents on bitcoin. Bitcoin is really amazing. Now higher economic countries are there transaction on bitcoin. So this is not so say surely that bitcoin also control the market.
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Re: Does bitcoin control the market?
« Reply #260 on: January 27, 2021, 12:49:14 PM »
It is not to say surely that bitcoin control the Merket. But bitcoin has now spread dominance in cryptocurrency Merket. Bitcoin is always take high position. Others crypto coin are dependents on bitcoin. Bitcoin is really amazing. Now higher economic countries are there transaction on bitcoin. So this is not so say surely that bitcoin also control the market.

To strengthen your opinion, try to explain how the correlation between bitcoin and the position of other coins. I see bitcoin has not been able to directly influence the other coin market. Even though the highest position of bitcoin has always been a barometer of people transacting other coins ...
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Offline Azaleea

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Re: Does bitcoin control the market?
« Reply #261 on: January 27, 2021, 03:15:40 PM »
It is not to say surely that bitcoin control the Merket. But bitcoin has now spread dominance in cryptocurrency Merket. Bitcoin is always take high position. Others crypto coin are dependents on bitcoin. Bitcoin is really amazing. Now higher economic countries are there transaction on bitcoin. So this is not so say surely that bitcoin also control the market.

To strengthen your opinion, try to explain how the correlation between bitcoin and the position of other coins. I see bitcoin has not been able to directly influence the other coin market. Even though the highest position of bitcoin has always been a barometer of people transacting other coins ...
It's up to you if you say it has nothing to do directly. But the fact is that people will look at the movement of bitcoin first before deciding to buy other coins. Like it or not, bitcoin has become a reference for other coins

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Re: Does bitcoin control the market?
« Reply #261 on: January 27, 2021, 03:15:40 PM »


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Re: Does bitcoin control the market?
« Reply #262 on: January 27, 2021, 03:56:14 PM »
It is not to say surely that bitcoin control the Merket. But bitcoin has now spread dominance in cryptocurrency Merket. Bitcoin is always take high position. Others crypto coin are dependents on bitcoin. Bitcoin is really amazing. Now higher economic countries are there transaction on bitcoin. So this is not so say surely that bitcoin also control the market.

As far as I know there are other types of coins that have a price as high as Bitcoin, Bitcoin is not one of the highest priced coins until now. but with the graphics generated by Bitcoin that makes things change.

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Re: Does bitcoin control the market?
« Reply #263 on: January 27, 2021, 04:41:01 PM »
Bitcoin has some impression on altcoin but we cannot say every altcoin raise with the bitcoin price.
Price of each token is raise with demand and its happen that some coin demand greater than bitcoin which result price raised if this token ,no matter if bitcoin price down.
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Re: Does bitcoin control the market?
« Reply #264 on: January 27, 2021, 05:03:28 PM »
Bitcoin can never control the cryptocurrency market.  As Bitcoin's popularity has grown, so has the price of all other alert coins.  By 2024 I believe the cryptocurrency market will be used all over the world.  And it will be possible to pay through any payment bank. Although the price of Bitcoin is currently suspended, the market for Bitcoin will grow again very soon.
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Re: Does bitcoin control the market?
« Reply #265 on: January 28, 2021, 08:20:15 AM »
The price of Bitcoin is determines the future of altcoins so when ever the price of when ever  Bitcoin dumped,so definitely Bitcoin controls the market.
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Re: Does bitcoin control the market?
« Reply #266 on: January 28, 2021, 04:36:23 PM »
Yes,bitcoin is controlling the market because he is the king of cryptocurrency. Most people believe that investor are depend  on bitcoin updown.

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Re: Does bitcoin control the market?
« Reply #267 on: January 28, 2021, 05:09:21 PM »
If the price of Bitcoin goes up too much, it will be very difficult to control Bitcoin.  Bitcoin has already exceeded 4,0000.  Everyone hopes Bitcoin will reach their goal one day.  Bitcoin will cost more than  200,000 a day.  Then it will be very difficult to control.

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Re: Does bitcoin control the market?
« Reply #268 on: January 29, 2021, 07:01:21 AM »
Who controls Bitcoin is ourselves, so the market depends on those who own Bitcoin.
Satoshi Nakamoto didn't expect himself to be the Bitcoin that he wanted now because Bitcoin was created to be done peer to peer only.
Now Bitcoin is up for grabs even Bitcoin has become a tool to make everyone greedy.

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Re: Does bitcoin control the market?
« Reply #269 on: January 29, 2021, 10:15:36 AM »
The market for Bitcoin has improved a lot and this Bitcoin has brought a much better profit. Bitcoin is one of the few coins in the world because the price of bitcoin is only increasing as the days go by. And hopefully the price of this bitcoin will just keep rising.

 

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