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Cryptocurrencies That Follow Bitcoin Price Fluctuations

  • Thread starter Thread starter Suba
  • Start date Start date
I cansider bitcoins as the father of crypto currency and in this case they have the ability to impact the price of other cryptocurrency. All other coins follows the movement of bitcoins
 
Suba said:
Cryptocurrencies That Follow Bitcoin Price Fluctuations
As a crypto investor or trader, of course you always pay attention to Bitcoin and Altcoin prices which will always change every hour or day. In your opinion, is there any crypto that keeps up with Bitcoin price fluctuations? What are these cryptos.
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Well I do think most alt coins almost all the times do fluctate in accordance to Bitcoin . But sometimes they don't be it Etheruem, litecoin,Bitcoin cash etc. That's why most times when Bitcoin goes high they all follow the trend.
 
Bitcoin fluctuations affects all the coins in the market, it is an influential coin. If it falls drastically it causes panic, which makes other coins losing value, when it improves it causes other coins to improve too.
 
A lot of crypto currencies take a cue from bitcoin to go up and down. For example, recently Bitcoin price dropped, and with Bitcoin Ethereum, Bitcoin cash. Litecoin, ADA, Solana, Doge, etc. also dropped.
 
Sincerem said:
Bitcoin fluctuations affects all the coins in the market, it is an influential coin. If it falls drastically it causes panic, which makes other coins losing value, when it improves it causes other coins to improve too.
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Seriously I always hate the fact that bitcoins is the only cryptocurrency that directly influence influence the price of other cryptocurrency. Even when they told me that cryptocurrency is a decentralized technology.
 
Sotherefore said:
Seriously I always hate the fact that bitcoins is the only cryptocurrency that directly influence influence the price of other cryptocurrency. Even when they told me that cryptocurrency is a decentralized technology.
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I am not the creator of BTC, nor I am one of the whales investors. I am simply like you, I came into online and learned it that way, so the best we can do is monitor it's progress to make our investment count.
 
Sincerem said:
I am not the creator of BTC, nor I am one of the whales investors. I am simply like you, I came into online and learned it that way, so the best we can do is monitor it's progress to make our investment count.
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Well that is true but since they were describing cryptocurrency as a decentralized technology I thought that the influence of other cryptocurrency will not have an effect on a movement of a particular cryptocurrency. there is nothing that we will do about it sha
 
i think every crypto follows the price chart of bitcoin and whenever there is a change in the price of bitcoin there will certainly be a change on their price as well, only few coin do not follow the bitcoin chaty and some of this coin are tokens, not real coins
 
Sotherefore said:
Well that is true but since they were describing cryptocurrency as a decentralized technology I thought that the influence of other cryptocurrency will not have an effect on a movement of a particular cryptocurrency. there is nothing that we will do about it sha
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Yeah, we can't do anything about the creation of the coins cos they've been created and set aside how things will work around them before we knew about them. When BTC came alive in 2009 I was nowhere near the internet, I was still in the elementary school, lol.
 
Sincerem said:
Yeah, we can't do anything about the creation of the coins cos they've been created and set aside how things will work around them before we knew about them. When BTC came alive in 2009 I was nowhere near the internet, I was still in the elementary school, lol.
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Lolz that is true including me. Well all we have to do is to concentrate and invest in potential cryptocurrency because no matter how the market maybe it will still be profitable one day and we will make profit with it.
 
Sotherefore said:
Lolz that is true including me. Well all we have to do is to concentrate and invest in potential cryptocurrency because no matter how the market maybe it will still be profitable one day and we will make profit with it.
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Yes, no matter how the market will fluctuate around the coins, they are simply profitable provided we are leaving it in the wallet long time.
 
Sincerem said:
Yes, no matter how the market will fluctuate around the coins, they are simply profitable provided we are leaving it in the wallet long time.
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Seriously I just believe that the best way you can just made profit from cryptocurrency is to just invest in it for a long time and forget about it. if you don't have a good understanding about trading it is a death zone.
 
Most cryptocurrencies depend on bitcoin's price movement and none has broken free so far. The only time they get free reign is when Bitcoin is ranging.
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The only time altcoins have to shine and move on their own is when bitcoin is ranging. Otherwise it's well known and that's why people look at how bitcoin is trending before buying altcoins.
 
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If you look at cryptocurrency market you will see a lot of crypto currencies follow bitcoin price fluctuations. When Bitcoin rises, a lot of currencies also rise, and when bitcoin falls many currencies also fall
 
from the observations about the market trends,it is usually seen that the prices of altcoin normally follow the price fluctuation of bitcoin,because it is the formost coin,and it has influence over other coin.
 
Sotherefore said:
I cansider bitcoins as the father of crypto currency and in this case they have the ability to impact the price of other cryptocurrency. All other coins follows the movement of bitcoins
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Considering is an understatement, bitcoin is actually the first crypto currency coin created and that makes it the father of all the crypto currency coin in the world.
 
Bitcoin cash is one of the cryptocurrency access that also fluctuate in price in the marketplace. Few hours ago it started on a upward projection but it is nose-diving at present.
 
Most coins that do fluctuate as bitcoin price goes up p or down are mostly those coins that are on the same block chain with bitcoin
 
Shigobad2020 said:
Considering is an understatement, bitcoin is actually the first crypto currency coin created and that makes it the father of all the crypto currency coin in the world.
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Yes that is an official cryptocurrency and that is what a lot of people will choose to invest on if they have an opportunity to invest in cryptocurrency. Although there are other cryptocurrency with higher potential but bitcoins is more official.
 
The prices of altcoins do follow the fluctation of Bitcoin. I think perhaps altcoins belong to the same block chain as Bitcoin.
 
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