Bitcoin should NOT determine the market

[emma.lee1890]

I really really love crypto but I think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most "trusted/valuable" asset determines the entire market.

[TripleVodka]

the most "trusted/valuable" asset determines the entire market.

I think this need some correction, this is not like what you think, and not every trusted/valuable assets determine the entire market.
That right if Bitcoin influence the another crypto, but not because Bitcoin as the trusted and valuable assets, because Bitcoin as the main of crypto currency or some peoples say ''Bitcoin is Mother of Crypto". Why I can say like that? or why Bitcoin called like that? This because Bitcoin is the main exchange for all coin in crypto, almost all coin can change with Bitcoin, and most of exchange we can see Bitcoin listed there, If the main exchange fall, did the another coin not follow? that impossible if no.
That make the Bitcoin influence other cruptos price.

[kevinjulio]

the most "trusted/valuable" asset determines the entire market.

I think this need some correction, this is not like what you think, and not every trusted/valuable assets determine the entire market.
That right if Bitcoin influence the another crypto, but not because Bitcoin as the trusted and valuable assets, because Bitcoin as the main of crypto currency or some peoples say ''Bitcoin is Mother of Crypto". Why I can say like that? or why Bitcoin called like that? This because Bitcoin is the main exchange for all coin in crypto, almost all coin can change with Bitcoin, and most of exchange we can see Bitcoin listed there, If the main exchange fall, did the another coin not follow? that impossible if no.
That make the Bitcoin influence other cruptos price.

I also have an opinion so that bitcoin is recognized the effect and contribution in the movement of the market, but it cannot explain that bitcoin is powerful and gives full control over other coins.

[Alpha]

Bitcoin is like one coin role in crypto once price move the motion will instantly or gradually change depends on every particular coin. I don't really know when it will be the market free from depending on bitcoin.

[Black ID]

Currently Bitcoin is slowly starting to not hold market control. Because Bitcoin Users are starting to move places and choose other coins in Altcoin for alternatives and replace Bitcoin as the coin. I think it's a good decision, considering that Bitcoin has really affected the market. Currently Bitcoin is slowly not affecting the market.

[Prime]

But the fact is, bitcoin determines market prices because bitcon is digital money that has the largest community. As always happens, when bitcoin rises, all altcoins will follow, and when bitcoin goes down, altcoin will also go down.

[cashbit]

Actually Bitcoin does not determine all market prices. But this Bitcoin greatly influences the ups and downs of the market in all coins in crypto. Because indeed more than 50% of Crypto Users are in Bitcoin, so it is only natural that the Bitcoin market still influences the situation of other crypto markets.

[Alcor]

Bitcoin does have price domination over other types of cryptocurrency. This provides him with a high level of capitalization, because Bitcoin now has about 112 billion dollars of capitalization, and ethereum, which ranks second in terms of capitalization, is about 21 billion dollars. The rest of the cryptocurrency capitalization level is even lower.
In order for Bitcoin not to exert price dominance over the rest of cryptocurrencies, its level of capitalization should be about the same as the rest of cryptocurrencies. Maybe someday it will be, the market should find a way out of this unfair situation for the rest of the cryptocurrency.

[Crypto Prime]

"Like it or not, bitcoin is the king of crypto which will affect market prices. When investor confidence rises against bitcoin, the altcoin will also get the same influence. Likewise, when confidence in bitcoin decreases, the market will decline faster.
"