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[AudraMiller]

As we all know, there is a correlation that exists between bitcoin and other alternative cryptocurrency coins, and from what I have seen it seems that that is generally in the sense of a direct proportionality relationship. Therefore, when the price of bitcoin increases, there are also increases in some other cryptocurrency coins as well. Some of the most notable cryptocurrency prices rises due to the bitcoin bull run that we have being seeing recently include, IoTeX which actually saw a three digit percentage rise of over 185 percent. WINk had a lower price increase, however was still classified among the two 7 highest percentages changes over the last 24 hours, coming in at just under 64%. What are your thoughts on the price increases that we are seeing in these altcoins, and are these cryptocurrencies that you have invested in previously?

 

[crypworld]

The layman may not be able to invest a lot in bitcoins but it is necessary this cryptocurrency stay at the top.

Bitcoin is the King of the crypto industry. I'm always happy when bitcoin surges, which influence the altcoins as well especially the ones I have invested.

 

[AudraMiller]

The layman may not be able to invest a lot in bitcoins but it is necessary this cryptocurrency stay at the top.

Bitcoin is the King of the crypto industry. I'm always happy when bitcoin surges, which influence the altcoins as well especially the ones I have invested.

There's a very strong correlation that exists between the alternative cryptocurrency coins and bitcoin as well because people tend to purchase these cryptocurrencies when they see the price of Bitcoin increasing because it was more attainable and therefore you will see the price and profit a lot more clearly for the smaller investor.

 

[Niftyicon]

Bitcoin rules the market and when the coin remains bullish, the altcoins are sure to follow. Any slight change in its price to the downside is also replicated in the altcoin.

 

[AudraMiller]

Bitcoin rules the market and when the coin remains bullish, the altcoins are sure to follow. Any slight change in its price to the downside is also replicated in the altcoin.

There are many altcoins that act in their own way, such as the cardano coin which as still seeing an increase even during the bull market that we had over the last few months.

 

[Brain]

Bitcoin rules the market and when the coin remains bullish, the altcoins are sure to follow. Any slight change in its price to the downside is also replicated in the altcoin.

You are right on this, the price of altcoin changes according to the price of Bitcoin. So altcoin price will always be according to the price of Bitcoin

 

[AudraMiller]

You are right on this, the price of altcoin changes according to the price of Bitcoin. So altcoin price will always be according to the price of Bitcoin

This is generally the case with some of the major altcoins and bitcoin. It might not be true for the smaller and less popular ones, but coins such as ethereum and litecoin often act in the same way.

 

[Robomafia]

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[Acrosin]

The only altcoin that I have reduces when the price of Bitcoin is reduced and increases when bitcoin increases. I like USDT better among other altcoins. This is because mine with the coin

 

[Niftyicon]

The only altcoin that I have reduces when the price of Bitcoin is reduced and increases when bitcoin increases. I like USDT better among other altcoins. This is because mine with the coin

USDT is a stable coin and you don't make profits when your funds are in stables. The highs and lows of those altcoins make them the best tools to gain from.

 

[leithy]

Although some, but not all, cryptos may follow the fluctuations of bitcoin they do not all follow the same % of fluctuation eg bitcoin may rise 1% but ether may rise 3%.

 

[BullyMaguire]

You know.. i think if somehow Bitcoin loses it's place as the top Cryptocurrency we have.. it will have a very negative effects on Cryptocurrency all together.. im talking about being not 1 because it loses value

 

[Josemendez]

Normally this is what it should be Because bitcoin controls the price of other coins to an extent. We just need to position ourselves with the right altcoin

 

[sammyblaq]

As the foremost, every other Alts look upon BTC.
When the value of Bitcoin was dipping, it affected the prices of others; and as Bitcoin regains it's lost value, the Alts are gathering back day by day.

 

[sammyblaq]

Bitcoin acts like a Godfather to several altcoins as there is an indirect connection of the value of bitcoin and the investment level of altcoin. If bitcoin were to fall drastically, the major sufferers would be lower capped altcoins most especially shitcoins

I concur to your lines, that in any case of it's rising or falling it affect the lower coins. This so called Shitcoins will they one day blow big? Because myself dont really understand the airdrop tyns to millions without value.
Agents of Pump and dump.

 

[sammyblaq]

Yeah most shit-coins especially in decentralized exchanges like pancake are sometimes affected by pump and dump and in most cases the owners of such coins remove the liquidity of the coin, thereby rendering it valueless.

That's why the name comes because it amounts to nothing. I have a this coin on my Binance wallet which is of about 10,000 with no value in naira that has lost it in value too. All shits!.

 

[GoldenLady]

As we all know, there is a correlation that exists between bitcoin and other alternative cryptocurrency coins, and from what I have seen it seems that that is generally in the sense of a direct proportionality relationship. Therefore, when the price of bitcoin increases, there are also increases in some other cryptocurrency coins as well. Some of the most notable cryptocurrency prices rises due to the bitcoin bull run that we have being seeing recently include, IoTeX which actually saw a three digit percentage rise of over 185 percent. WINk had a lower price increase, however was still classified among the two 7 highest percentages changes over the last 24 hours, coming in at just under 64%. What are your thoughts on the price increases that we are seeing in these altcoins, and are these cryptocurrencies that you have invested in previously?

Sometimes altcoins may move even if Bitcoin is not doing so. This happens when the BTC dominance drops and leads to what's called an alt season. It's possible we may see one this year, with now BTC is still lagging while alts are moving.

 

[silentwatch]

I see it just a normal movement,although there is a pump on iotex but that was because the comunity of the coin not because the bull run of bitcoin

 

[AudraMiller]

Sometimes altcoins may move even if Bitcoin is not doing so. This happens when the BTC dominance drops and leads to what's called an alt season. It's possible we may see one this year, with now BTC is still lagging while alts are moving.

This is true and i have noticed that recently there has been a drop in bitcoin dominance as well as more people seem to be moving towards the alternative coins such as ethereum.

 

[GoldenLady]

This is true and i have noticed that recently there has been a drop in bitcoin dominance as well as more people seem to be moving towards the alternative coins such as ethereum.

Ethereum is said to be the forerunner of this bull run actually. With the new all-time high it has set, forecasts as high as 6k to 10 k are being made, even though I think $10k is too much.