Bitcoin is the controller of they crypto market yes/no?

[Success06 537]

Yes, Bitcoin is the controller and one of the most significant currencies. 

You can find several exchange sites that accept Bitcoin as a major currency. 

Because there are so many trading pairs with Bitcoin, when the price of Bitcoin rises, the price of altcoins rises in tandem.

[Ysha5 763]

Yes, my friend, Bitcoin is considered one of the most important reasons for the rise and fall of prices in this area because it is one of the strongest cryptocurrencies, and its rise gains a significant increase in the rise in the price of currencies.

[Gamble 0]

We all know that bitcoin is the leading for all cryptocurrency coins but i don't think if altcoins are growing or dropping according to bitcoin price, because there are many times when bitcoin will fall but some altcoin will keep staying green or even grow more in terms of market value. All price depends on demand and supply.

Edited March 24, 2021 by Gamble

[Maria karam 667]

I agree with you very much that the change in the price of bitcoin leads to the movement of most currencies in the market, but not necessarily in the same direction in which the bitcoin moved, as there are many currencies whose price increases when the price of the bitcoin falls, or vice versa.

[Yuangzee 83]

Yes I can say that your opinion is right .From the view of past experience of bitcoin and its journey we can say that it was and still a change in crypto world. The more is get famous the more it will rise above the others coins.

[Farry 826]

Yes, I think that you are right , but I still think that bitcoin can also affect the already rising coins, and stable coins can not be considered cryptocurrencies at all.

[علي سليمان 1071]

Of course, the main factor in changing the price of currencies is Bitcoin, because it is the most powerful and expensive currency, and its decline and rise affects the rest of the currencies.

[Malik Abi 0]

Bitcoin, in my view, is the primary driver of other currencies' prices. This is evident by market stability, as the price of bitcoin increases. We discover that all other currency prices have risen. Furthermore, the sharp price drop could result in the obliteration of currencies with a value less than one dollar.

[piuri01 446]

Greetings my dear friend, your research is very good, congratulations, bitcoin has always been leading the market for virtual currencies, that is why we can say that, as the mother of currencies, it can control its prices, whether it rises or falls, it is because This is why it is always good to invest by buying bitcoin.

[khaler 1549]

Of course, all currencies are affected by the price of Bitcoin if they are listed against Bitcoin for buying and selling. Therefore, when we see a strange movement of bitcoin, we begin to find most of the currencies deteriorate.

[hghadeer611 689]

I expect this to be true, since Bitcoin is the basis and the most important of the cryptocurrencies, as it is the currency that controls the cryptocurrency market, and I suspect that the price of the rest of the currencies is indirectly related to the price of bitcoin.

[Dormilon 2183]

4 hours ago, hghadeer611 said:

I expect this to be true, since Bitcoin is the basis and the most important of the cryptocurrencies, as it is the currency that controls the cryptocurrency market, and I suspect that the price of the rest of the currencies is indirectly related to the price of bitcoin.

@hghadeer611 Definitely, bitcoin moves the cryptocurrency market, when its price fluctuates downward or upward, altcoins follow it accordingly, only stablecoins and tokens with defined prices are not affected, but most currencies rise or fall if the bitcoin is moving in some direction.

[Anna_sherova 137]

No, I don't agree with you, supply and Demand is a big factor that determines the value of anything that can be traded, including all digital currencies in the market. For example, if more people are trying to buy bitcoins, while others are willing to sell them, the price will go up and vice versa.

[chris smith 950]

The bitcoin has many effects on the market and i think it has an obvious effect on the prices with the raising or the decreasing.

[Alix188 585]

It cannot be said that Bitcoin is the controller in the prices of the rest of the cryptocurrencies, but it plays a big role in the rise of the rest of the cryptocurrencies, because if Bitcoin captures a large percentage of the liquidity of the cryptocurrency market, altcoin will not be able to grow well.

[Mohmad22 695]

My dear friend, I agree with you, yes, the currency of bitcoin is the lady of the encrypted currencies, so it has a great influence on the encryption market directly because it is the most common currency, the most investment and the most popular among all the encrypted currencies, so believe your conclusion is correct and thank you for the clarification

[aliakel131 576]

 

Yes, if we monitor the bitcoin price, we will find that with its rise, some currencies will rise, but I do not fully believe that this rise is the one that completely affects the prices of other currencies. There are many reasons that lead To an increase in the price of a currency .. So do not just think that Bitcoin is the one in control, that it is a market that depends on supply and demand and on the currency project if it is successful. 

[Jack764 1841]

Bitcoin is considered the basis for cryptocurrencies, and its price change greatly affects the rest of the currencies, as it withdraws all money from the rest of the currencies to it and increases its price 

[Saberali 530]

Bitcoin is the leading for all crypto coins but i don't think if altcoins are growing or dropping according to  bitcoin price, because there are many times when bitcoin will fall but altcoin will keep staying green or even grow more.

[lubinshah 562]

Yes its right that Bitcoin is the top of other crypto. Its value is much greater than other cryptos. Its familiarity is more than other crypto. But in short term and small investment it is not worthy. Rather for short investments, less valued coin and new coins are good.

[Michailma 637]

Bitcoin is the controller and the most important currencies. You can most of the exchange sites which have Bitcoin as the major currencies. So many tradings pairs are with the Bitcoin so when the price of Bitcoin get increased, altcoins prices are also increasing against Bitcoin price. 

[Zulqar1122 98]

Yes you are right dear member when the price of the bitcoin is high the other coins rate is automatically decreased . as you all know the price of the coins is not stable in the market .

[Mohmad22 695]

My dear friend, you are right, and your investigations that you conducted are correct, because the bitcoin currency is the master of encrypted currencies, its high price and a decrease that directly affects the coding market. Thank you very much for your introduction and explanation of this issue

[Sena1234 972]

bitcoin is the leader of all coin's in crypto market, all altcoin follows bitcoin, because its proves so many times when bitcoin prices pump up then altcoins prices also increase rapidly, and bitcoin prices drops then altcoins also loss their value, so btcoin is the king of all altcoins...

[Xantosis 426]

The mighty bitcoin is the leading for all cryptocurrencies but i don't think if altcoins are growing or dropping according to bitcoin price, because there are many times when bitcoin will fall but altcoin will keep staying green or even grow in terms of value.