Does bitcoin control the market?

[AllSii]

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.

It is not clear why you have such a figure of 90%, this is too much for bitcoin and not enough for altcoins. As of today, according to coinmarketcap, the dominance of bitcoin is 65%, although it previously reached 73%.

[Tamsialu$$]

The way the price of Bitcoin has started to rise again, of course the price of Bitcoin will now exceed 50k$. What kind of king do we all call Bitcoin. The market for Bitcoin will never stop. From now on, the price of Bitcoin will definitely increase.

[Laxmi Sharma]

Bitcoin can control the cryptocurrency market because Bitcoin is the number one cryptocurrency in the world and it is in the first place in terms of popularity. We have seen that when the price of Bitcoin goes up, so does the price of all coins. When Bitcoin goes down, the price of all other coins goes down. So I think Bitcoin has the power to control the market.

[Bolopecah]

I also believe it a little bit, When bitcoin pumping,  some currency start pumping. When bitcoin dumping, some currency start dumping. So, We can say sometime, Bitcoin control the crypto-currencies market.

[Cz Rock]

If the price of Bitcoin goes high, it will be very difficult to control Bitcoin. A few days ago, Bitcoin went up a lot.  Within a few days it had surpassed $ 44,000.  Then everyone wondered if it could ever be controlled.  I think if the price of bitcoin is high then bitcoin cannot be controlled.

[NANCY]

Bitcoin is a virtual currency. Bitcoin is used in almost all countries of the world. The use of bitcoin in most countries of the world is only increasing the price of this bitcoin. Bitcoin prices never seem to dump again.

[Iphone5s]

Bitcoin is a virtual currency. Bitcoin is used in almost all countries of the world. The use of bitcoin in most countries of the world is only increasing the price of this bitcoin. Bitcoin prices never seem to dump again.

For now it may be true but we cannot be the price that will appear for the next 2 months. so you should invest large amounts if you have the capital.

[gurunanakji777]

Bitcoin is the base cryptocurrency of the crypto market. Certainly, bitcoin impact is there on all altcoins to some extent if bitcoin does not perform we can not expect much from altcoins too but I am not saying the altcoins are fully influenced by bitcoin price. Currently, Bitcoin dominance is quite high and the majority of the traders/investors trust Btc as compare to altcoins so Bitcoin plays a major role in altcoins value because if Btc has value then Altcoins will have value.

[pacar_tiri]

I also believe it a little bit, When bitcoin pumping,  some currency start pumping. When bitcoin dumping, some currency start dumping. So, We can say sometime, Bitcoin control the crypto-currencies market.

I think bitcoin don't controll the market, But just influence the market. Because in my opinion supply and demand will control the market. Bitcoin as The King of crypto currency, just become the centre. but not controller.

[Proton]

I also believe it a little bit, When bitcoin pumping,  some currency start pumping. When bitcoin dumping, some currency start dumping. So, We can say sometime, Bitcoin control the crypto-currencies market.

I think bitcoin don't controll the market, But just influence the market. Because in my opinion supply and demand will control the market. Bitcoin as The King of crypto currency, just become the centre. but not controller.

Yes, one can agree with these reflections. Bitcoin only has a price impact on altcoins due to its high level of capitalization. However, he cannot control the market. Control includes the ability to take action if the market is not on the right track. Bitcoin does not have any additional mechanisms to influence the cryptocurrency market.

[eldial]

For me its not easy the market can controlled  the bitcoin because as far as I know the market is only the place where the stock exchanges in the cryptocurrency will occur to display and that is the reason why is the market cannot controlled the bitcoin.

[Casual]

Bitcoin will never be able to control the market. Because the price of Bitcoin is the most up-and-down of what kind of market always fluctuates. The price of Bitcoin will exceed 60K dollars by 2021.  And the price of Bitcoin will increase further in the future.

[Habib]

The price of Bitcoin will exceed 60K dollars by 2021.Bitcoin only has a price impact on altcoins due to its high level of capitalization. Bitcoin as The King of crypto currency. become the centre. but not controller.Bitcoin control the crypto-currencies market.

[NANCY]

Currently the Bitcoin market is low and a lot of capacity is required to control this Bitcoin market. The price of this big coin is going to increase day by day. Bitcoin is a coin that has aroused the curiosity of the whole world. The cryptocurrency of using Bitcoin is far ahead.

[Master107]

This was created went back on 2018.

I think its about time to lock this topic to avoid spamming.
Someone might create the same topic relevant to what is going on to Bitcoin, Cryptocurrencies and the market.