Why do altcoins follow bitcoin?

[papar]

Eventually bitcoin levels out for awhile and then people herd back into alts. Rinse, lather, repeat. It's a crazy market but there are trends. Bitcoin basically being the anchor for all the trends.

[felixesteban]

 All crypto currencies are in one pool. Therefore, interaction is inevitable. People's tendency is to sell altcoins and switch to bitcoin, or vice versa, so they both affect each other. It's the people who value bitcoin and I think this relationship will continue for a long time.

[Noel26]

The trust of the people is in bitcoin and if bitcoin fall thier trust on crypto maybe decrease same with the investm3nt capital that they put in the crypto market. I believe that bitcoin is the king of all coin and many coin really basing on its existence because crypto is bitcoin and bitcoin is crypto. If no bitcoin i believe crypto coin will disappear.

[fgg57fg7]

For me because the bitcion is very popular with the highest value in the the market at the same time the altciins have  to followed maybe  because of its characteristic ..

[gribble]

Why do all altcoins follow bitcoin because I think Bitcoin is the parent of all cryptocurrency currencies, and also bitcoin is a currency that has very high value and of course bitcoin will greatly affect the price of all other Altcoin.

[vegasus]

Altcoin always follows Bitcoin because Bitcoin is the king of Cryptocurrency. In other words, almost all Altcoin users are Bitcoin users too. So if there is an incident that befalls Bitcoin it will also have an impact on Altcoin and the coins inside. I think that's a natural thing, because more than 50% of these Kripto users use Bitcoin, so it is only natural for Altcoin to join.

[densuj]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

Well i don't think that the alternatives coins follow the price of bitcoin, usually based on my experience in trading alternatives coins fair bitcoin. If the price of bitcoin goes up the price of alternatives coins goes down, if the price of bitcoin goes down the price of alternatives coins goes down too and if the price of bitcoin is sideaway the price of alternatives coins goes up. I don't know about the reasons for it but it is good pattern of cryptocurrencies price in trading activity especially for me.

[gribble]

in my opinion all altcoins follow bitcoin because Bitcoin is the king of cryptocurrency, and bitcoin is a currency that has very high value and this of course will greatly affect the prices of other Altcoin.

[moromi]

Altcoins follow bitcoin because bitcoin is the first digital currency. I  think cryptocurrency market are dependent on bitcoin, if the bitcoin price is down, other altcoins price goes down and if bitcoin price goes up other altcoin also goes up.

[glina]

I think in traditional fiat trading, on Forex markets for example, you can shift to another market that's unaffected or you can buy bonds, gold or stocks.Now I'm sure that many of you are also aware that there's a general consensus that Ethereum will one day surpass or be comparable to Bitcoin.

[jyotianand01]

Every altcoin follow bitcoin as bittcoin is a first and base currency of this market and all coins follow its direction as their value automatically decreased because when btc dropped, the value of satoshi drops and we buy/sell mostly in satoshi.

[Bram Manis]

Every altcoin follow bitcoin as bittcoin is a first and base currency of this market and all coins follow its direction as their value automatically decreased because when btc dropped, the value of satoshi drops and we buy/sell mostly in satoshi.

do you think it's true, that bitcoin is coin pusher pioneer and emergence of other coins, coins are also very stable so that his movements always affect the other coins.

[reshat]

Cryptocurrencies tend to be pattern based when looking and volume and price. A common pattern is when a certain coin or type of coin become a popular commodity while other alts fall. High volume and and raid price increases tend to rotate as buyers and sellers rotate, generally being sparked by "good news" and ended by "bad news".

[aldi putra]

The reason why altcoin follows bitcoin, because bitcoin is the oldest coin and the price is much more different

[Alcor]

Bitcoin is really connected in price terms with the rest of the cryptocurrency and has a price dominance over them. Allows him to do this a large level of capitalization. A few days ago, Bitcoin possessed 54 percent of all cryptocurrency investments.