Does bitcoin control the market?

[Malam90]

Bitcoin is the king of all coins over the years and there is no competitor of Bitcoin yet who can be a threat of it. A coin that holds more than 60% of market capital alone where more than 7000 coins only hold less than 40% capital is the has power to control all the crypto markets. If bitcoin markets becomes unstable, altcoins maket will become unstable. So in single words, Bitcoin is the controller of the crypto market.

[anshor1]

I don't think bitcoin will control the  market, because I think demand and supply will control the market, Bitcoin just another factor. I have seen bitcoin increase and pumping, but altcoins are still struggling. When bitcoin decrease, Altcoins stagnant.

[indexx]

I think bitcoin could control the market. Because it is indeed the king of coin, bitcoin holds full power in the market. The price of bitcoin goes up, so altcoins also go up. And vice versa.

[jet]

I think partly Bitcoin controls the market but mean it controls all! the influence of Bitcoin on the marketplace is very big that some altscoin move towards BTC movement. I know some traders observe that if BTC goes upward some alts would also go upward but if it goes down mostly all alts decreases it's value in the marketpalce

[Coin63@]

I think bitcoin could control the market. Because it is indeed the king of coin, bitcoin holds full power in the market. The price of bitcoin goes up, so altcoins also go up. And vice versa.

If bitcoin will be the global acceptance currencies then it would highly possible to dominate bitcoin to others cryptocurrencies, euros and dollars. But is it quite possible!!

[Tnoy30]

Bitcoin has been able to dominate. Has been able to dominate the cryptocurrency market around the world. The price of Bitcoin has skyrocketed as a result of the momentary domination. With the price of Bitcoin around the world, many types of investors are investing in different types, such as small range, large range, medium range. Bitcoin has gained dominance.

[sky20]

I think we can call Bitcoin controls the market, because all Altcoins are depending on Bitcoin movement. Who can control Bitcoin, they can control the market as their desire too

If it is then why not altcoin increase. I see that bitcoin is increasing rapidly where altcoins have no change. They are in the same position. Nothing is change some altcoins get down.

[lepbagong]

I think we can call Bitcoin controls the market, because all Altcoins are depending on Bitcoin movement. Who can control Bitcoin, they can control the market as their desire too

If it is then why not altcoin increase. I see that bitcoin is increasing rapidly where altcoins have no change. They are in the same position. Nothing is change some altcoins get down.

Altcoins cannot increase because of the very fast movement of bitcoins, try to see the past few months, bitcoin can go down and increase again even more than before it fell in just a matter of days, altcoins seem to be confused with the way bitcoin is today. they can not adjust to the movement, but I believe from the experience that continues to happen altcoins can certainly anticipate the next time.

[Tanimariya]

Bitcoin is not controlled by anyone in the world. The currency is controlled by people all over the world. Bitcoin is very popular all over the world. Bitcoin plays a much bigger role in the economic sector and other sectors. Bitcoin plays a role in keeping the economies of most developed countries afloat. Bitcoin helps keep the wheel of the economy of different countries moving. So digital currencies like Bitcoin are much more popular all over the world.

[Quart]

What market, crypto market? If you mean crypto market, then it is true. Bitcoin is the king of crypto coins, it affects very significantly in cryptocurrency. If Bitcoin has a bad season, most altcoins have a bad season as well. It is normal because Bitcoin is the main pair of almost all crypto coins. When it changes, it impacts others.

[lepbagong]

What market, crypto market? If you mean crypto market, then it is true. Bitcoin is the king of crypto coins, it affects very significantly in cryptocurrency. If Bitcoin has a bad season, most altcoins have a bad season as well. It is normal because Bitcoin is the main pair of almost all crypto coins. When it changes, it impacts others.

Crypto without bitcoin is certainly very influential because everything means that bitcoin is the king of crypto and the influence that is made greatly affects all movements that occur in crypto, but it's not that altcoin is also not good, like ethereum is also very much sought after and determines the growth of new tokens.

[Jaguar]

I think we can call Bitcoin controls the market, because all Altcoins are depending on Bitcoin movement. Who can control Bitcoin, they can control the market as their desire too

If it is then why not altcoin increase. I see that bitcoin is increasing rapidly where altcoins have no change. They are in the same position. Nothing is change some altcoins get down.

The effect of Bitcoin pump is not a magic word. There is a process to that scenario when Bitcoin increase altcoins will increase. Bitcoin should be in stable rising momentum before the effect to altcoins as long as the pump is unstable altcoins remains in dump. Remember the day back on 2017 all altcoins increased because of bitcoin.

[lepbagong]

I think we can call Bitcoin controls the market, because all Altcoins are depending on Bitcoin movement. Who can control Bitcoin, they can control the market as their desire too

If it is then why not altcoin increase. I see that bitcoin is increasing rapidly where altcoins have no change. They are in the same position. Nothing is change some altcoins get down.

The effect of Bitcoin pump is not a magic word. There is a process to that scenario when Bitcoin increase altcoins will increase. Bitcoin should be in stable rising momentum before the effect to altcoins as long as the pump is unstable altcoins remains in dump. Remember the day back on 2017 all altcoins increased because of bitcoin.

the increase in bitcoin was not what he usually did so it was only natural that the altcoins could not anticipate the move. It's been a few months bitcoin has gone down and up on a daily basis, even after going down there is an increase. so altcoins are unable to keep up with the bitcoin rhythm. but with several occurrences it is certain that the altcoin will anticipate and will also move up when bitcoin rises again.

[AllSii]

I think bitcoin could control the market. Because it is indeed the king of coin, bitcoin holds full power in the market. The price of bitcoin goes up, so altcoins also go up. And vice versa.

If bitcoin will be the global acceptance currencies then it would highly possible to dominate bitcoin to others cryptocurrencies, euros and dollars. But is it quite possible!!

I have not seen such a high dominance of bitcoin in the crypto market for a long time, which is now 66%. Therefore, now all altcoins are forced to react to the price of bitcoin and move after it.

[labonikhatun]

Yes Bitcoin can control the market the crypto market is bitcoin king and tops all currencies the worth of other currencies fluctuates counting on bitcoin the rationale it's becoming more popular is that bitcoin is that the first of the decentralized digital currencies because it's the primary to work without a financial institution or one administrator. Bitcoin network may be a universal process that takes place directly between users with none intermediate means.