Does bitcoin control the market?

[ardhanimaul]

The idea that investors are the ones who control Bitcoin is not a new idea.  In 2017, Bitcoin hodlers’ collective level of control over the network was put to the test as large companies in the space combined with more than 90% of the network hashrate in an attempt to move everyone over to a new network they would agree to call “Bitcoin.”

[tervel]

There is a common joke in crypto that when bitcoin pumps, altcoins coins dump, and when bitcoin dumps, altcoins dump. This has often been true.I think BTC controls the market.

[Rex]

It’s true that Bitcoin always control the market because it’s has the most popularity and therefore people are always try to control Bitcoin price to control the market

[Galon]

That's right, that's what I've felt so far. The crypto market is very dependent on bitcoin. So that bitcoin remains the irreplaceable king of crypto.

[idranus]

in fact bitcoin always has a price effect on every movement in the crypto market

[Jacky]

It is the fact and true if Bitcoin controls the other prices of altcoins. We must know and realize that Bitcoin price influences the improvement of altcoins. We can compare the Bitcoin price to altcoins prices, and we must find out the correlation.

[Fenix]

Bitcoin has a price dominance over other types of cryptocurrency due to its high level of capitalization. Still, the other types of cryptocurrencies generally repeat bitcoin price movements and this is clearly seen in the CoinMarketCap table. Sometimes a rise or fall in the price of Bitcoin does not immediately affect the price of a certain coin or token, however this happens very rarely due to the characteristics of the development of such cryptocurrency.
I hope that over time the market will become more mature and free from the price dominance of Bitcoin.

[trauchot]

From my own experience I want to say that I think market depends from bitcoin, how many times I watched when the market began to grow, namely bitcoin, and other altcoins also began to grow, but sometimes the market grew when bitcoin was stayind at one place or fell, it’s difficult to say everything depends from bitcoin or not, but I’m pretty sure that all this is related to bitcoin.

[Jun]

yes  that's myself feeling bitcoin stability definitely all altcoins are dependent of it. have you noticed when price of others altcoins going down due to bitcoin  price goes down,so we can see a correlation . truly  bitcoin  dominate  the market and others alternative coins can't escapes  the dominant of bitcoin  because bitcoin remains irreplaceable king

[sampoerna]

Actually, I don't know how it works exactly. But, unfortunately, I think yes. We can see how the influence of Bitcoin for the market. Every time this coin drops, it always influences the price of altcoins. This is because the bitcoin is used as the main transaction method for payment the other coins or tokens. Additionally, the people will put their trust highly on BTC, so when it drops, they will also reduce the trust on the other coins.

[Jayde]

Bitcoin always control the market and will be always like that, there are a lot of altcoins with modern technology and better than Bitcoin but they still can’t replace Bitcoin because Bitcoin has the most popularity

[Spc]

In the world of bitcoin cryptocurrency as the main coin that always controls the market. Bitcoin will always be the controller of prices on the crypto market. This cannot be denied by other altcoins.

[Octoalts]

If I agree, it turns out it has been proven and this happens many times, that every Bitcoin price rises the price of Altcoin also goes up, and vice versa. if the price of Bitcoin goes down, the price of Altcoin also goes down. It's true, this change in the price of the coin is influenced by supply and demand, but what I see on the market is that.

[Near ayach]

Until now, the market has little control over the market, but in the bad days it will dominate it

[eldial]

Actually this is not true bitcoin will control in the market because as far as I know bitcoin will depends the volume of the investors continued there profits to share otherwise market is only exchange whuch is the prices can be seen to be granted in all members joined in this programs.