Does bitcoin control the market?

[HanZo04]

I don't feel sure if bitcoin can control the market, it's just that it would be more appropriate if we call it if bitcoin is very influential on the market.

[Alcor]

Periodic manipulations with the price of bitcoin on the cryptocurrency market are still quite possible. A group of holders of large wallets with bitcoins, quite in collusion, may influence the price of bitcoin in the cryptocurrency market. However, hardly anyone can fully control the market. To do this, you need to throw out a large number of bitcoins on the market, and then buy them. This will be contrary to the task of making a profit, such control is likely to cause losses, since the cryptocurrency market is very unpredictable.

[Richa99]

it's true that bitcoin is very influential in the market and I also feel that bitvoin can control the market, because we know that in fact bitcoin is able to influence the price of other coins in the crypto market.

[pelana vreo]

No one controls the crypto price, I have seen the crypto market for 1 year and crypto investors have a considerable impact on the coins they want to buy. If the price of BTC rises then the price of other coins will rise. I don't think it is like that.
because the type of altcoin and BTC exchange causes price differences and investors will follow the BTC price because BTC is the first coin in crypto exchange.

[jonatrod]

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

You make a good point, on the surface it seems that Bitcoin does control the market ...but bigger factors are at play behind the scenes that affect all cryptos.  However, you can get a good gauge on the crypto market in general by first checking Bitcoin due to the fact that it dominates the total market capitalization... and with most of the total activity in Bitcoin, it's no wonder that its value is affected first. 

[Davidniam55]

if according to the experience that I got while investing in the digital world of bitcoin. may we say that 90% bitcoin controls the price of Cryptocurrency. because bitcoin is the king and the driver of all coins.

[Ryanpogz]

I think that controlling the price movements of all crypto currency including bitcoin depends on the presence of buyers and sellers,if it doesn't exist it seems like it will be very difficult to control the price of bitcoin.

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

[Bit]

I think Bitcoin doesn't control the market, it just influences many crypto coins [not all coins]. Well, it is true that Bitcoin is a coin that many crypto coins following the increase or decline. However, it cannot make Bitcoin become the absolute price determinant. There are many other factors that give contributions.

[Eben]

Well no matter how other coins perform in the market, Bitcoin directly or indirectly has an influence in the crypto market when it rise or fall.

[Face2Face]

A blockchain start-up analysis, as part of a study of Bitcoin wallets, concluded that a group of 1600 addresses controlled a third of all coins on the market for $ 37.5 billion.

[Zurcemozz]

I think no, because some coins are pumping even though the bitcoin is not even in good shape. I think its just the matter of fact that Bitcoin is the face of the market and people got scared when its value goes down.

[Warung_lontong]

as far as I know, it's true that almost all altcoins follow the movement of bitcoin, and bitcoin is still very influential in the trading of altcoin coins.

[Whate]

What I've been feeling for so long is the altcoin movement depends on the bitcoin movement. So when altcoin without bitcoin feels dead.

[Jayde]

Yes I think that Bitcoin still controls the market since it has the most influence and popularity and highest domination on the market capitalization

[Lucky100]

as far as I know, it's true that almost all altcoins follow the movement of bitcoin, and bitcoin is still very influential in the trading of altcoin coins.

They do follow Bitcoin. Therefore, to monitor the market, you should start to check Bitcoin rates more often.