Does bitcoin control the market?

[Raboni]

Bitcoin does not totally control the entire market but in some parts.
Altcoins can go beyond without bitcoin.
Altcoins have its own investors and ways of effective marketing strategy.
Altcoins is cheaper than bitcoin because it is not the main factor in crypto.
Bitcoin is the influencer to make altcoins great to promote big names

[FelixArgyleNya]

Undoubtedly, there is a certain connection, but still, each cryptocurrency is independent.

[Leader]

Certainly yes !!! From the price of Bitcoin depends on the price of other cryptocurrencies, with the fall of Bitcoin, we all saw that the other authoritative cryptocurrencies, such as Ethereum, too, fell. It seems to me that while Bitcoin has no direct competitors, and it is the owner of the market !!!

[bubblebubble]

Безусловно да!!! От цены Биткойна зависит цена на другие криптовалюты,с падением Биткойна мы все увидели что и остальные авторитетные криптовалюты ,например такие как Эфириум тоже упали. Мне кажется что пока у биткойна прямых конкурентов нет, и он хозяин рынка!!!

Sorry but rules are clear.
You have to write in english if the post started in English.

Undoubtedly, there is a certain connection, but still, each cryptocurrency is independent.

You are right but please bear in mind that many investors have reference to dollars paid for tokens. So if market dumps for eth or btc, the price goes down and investors lose in Dollar value.

[Plnshah65]

Yes bitcoin control cryptocurrency market because all altcoins directly and indirectly depending upon bitcoin market and volume.

[Face2Face]

I think that even Ether depends on the price of Bitcoin, the answer is obvious.

[Sudarmono]

it's true with all that and I also really believe and see that bitcoin controls the market, and many are dependent on bitcoin.

[I-Bit]

Yes, I think it is true. Since Bitcoin price influences the other coin's prices, it exactly controls the prices on market. We know that if the price of Bitcoin drops, then the prices of most coins are affected. That is why the Bitcoin like the King in crypto system.   

[a_ps]

Yes right now the marketcap of bitcoin its aroud 52%of total marketcap, conform coinmarketcap,its most popular coin and used coin in the world.
Indifferent in witch direction the price of btc will go will affect all altcoins.

Right, coinmarketcaps is the largest web provider of information about all crypto coins. With the dominance of bitcoins of that size, of course it is still a dominance to give price effects to other coins.

[Galon]

As the main and famous coin, I feel that bitcoin is still the market controller. It can't be denied anymore. All altcoin prices follow the movement of bitcoin. So it's not surprising that bitcoin is the most sought-after coin by traders.

[@Royale]

Looking at how the different cryptocurrencies reacts or changes at coinmarketcap everytime Bitcoin's value rise or fall, it may seems that Bitcoin do control the market. There is no doubt that Bitcoin has had a revolutionary impact on the cryptocurrency space being the most popular and considered by many investors as the original digital currency to exist. It has been among the most fascinating tradable assets to watch over and to this day remains the number one by market cap. 


   

[ladyv]

In cryptocurrency i have not seen any currency that have taking Bitcoin, though the Bitcoin price falls and raise yet Bitcoin still incharge, it control the market.

[Oduvan]

All coins depend not only on Bitcoin, but also on their capitalization, so we see such differences when Bitcoin and other coins rise and fall, but if you take a closer look, after a while, all altcoins follow Bitcoin!

[pat4cryptoreal]

The tendency of most coin raising when bitcoin is usually high. It is on exceptional cases that some coins raise in price when bitcoin is falling.

[Leader]

 I believe that Bitcoin is the main cryptocurrency and it is an indicator of the market and the driver at the same time. In many ways, the prices of other coins in the cryptocurrency market depend on the price of Bitcoin.