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

[lingardcpp24 7]

We can say that BTC manipulated the cryptocurrency market. By the things it brings to the cryptocurrency world. When BTC fell, we also saw other COINs fell. and vice versa.BTC had control of the market

Edited May 12, 2020 by lingardcpp24

[Treat1234 0]

16 hours ago, elguettlazhari said:

I think, even for sure, that bitcoin is the basis of all other digital currencies, so that the simplest change in the price of the great bitcoin makes the rest of the currencies fluctuate down and up. what do you think.

Yes,, that makes it a special coin of cryptocurrency, it can have any effect on any coin when its volatility starts, so it is the best for investment than other coins and we need to be careful when trading such coin

[MCSGlegend 2210]

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.

[Babubu609 0]

On 5/11/2020 at 11:28 PM, Basad said:

@Babubu609

Okay when BTC was first introduced in to the capital market, how much was the worth by then and in just a decade, it has reached were its today, no doubts it has perform very well to rose to its current value. But don't forget till date BTC is not 50% accepted globally, it's still at the age of discovary. So same to the coin that will evolve in future to compete favourably with BTC and over take it position in future. You may see it as nothing when it evolved but later may begins to perform excellently capturing people attention especially if it's more stable in value and fast in terms of making transactions than BTC 

That is true in some other aspects but I still agree with what you said Bitcoin is about 45% accepted in the global well from it existence we have no know about it towards it moving presently at 10 years now it reach to me and to you what do you expect in 10, years coming even with the existence of cryptotalk there is hope for fastest spread of cryptocurrency in the globe to many people in various countries. 

[Babubu609 0]

3 hours ago, Basad said:

With the existence of cryptotalkforum in 10 years coming, no doubt cryptocurency system will experience monumental increase in number of User's approximately to 75%, but don't forget a coin that may come to overtake BTC if possible will take advantage of BTC popularity in few years, it has occupy unexpected popularity, value and position

I don't understand the  type of coin you are trying to explain coming up in the future to overtake Bitcoin because if Bitcoin can be a coin that it's value may decreases and give chance for another coin to overtake it that mean Bitcoin is dead and outdate or a new cryptocurrency coin is created deleting Bitcoin on the blockchain. 

[Babubu609 0]

23 minutes ago, winterlemon said:

Of course not, all of the coins has different market price and has a big contribution so we cannot say that one coin controlls the price of the other coins. I hope that anyone of us can easily understand this so that no one is confused.

Many enthusiast have explained in more details that the market is not controlled by bitcoin that it is control by high demand and supply with buying and selling of each coin causes the changes.

[Treat1234 0]

6 hours ago, Jump said:

Yes I think that you are right there are no thing or entity that control cryptocurrency because satoshi nakamoto made sure of that and I think that Bitcoin is only the driver of cryptocurrency because it can lead other cryptocurrencies 

I am still trying to understand who Satoshi is at the first place we agree he is the owner of Bitcoin and yet no image of his was visible

6 hours ago, Jump said:

Yes I think that you are right there are no thing or entity that control cryptocurrency because satoshi nakamoto made sure of that and I think that Bitcoin is only the driver of cryptocurrency because it can lead other cryptocurrencies 

I am still trying to understand who Satoshi is at the first place we agree he is the owner of Bitcoin and yet no image of his was visible

[Treat1234 0]

2 hours ago, MarsDota2 said:

There are really other guys that spreads a false information. Bitcoin cannot easily control the market price because market price is uncontrollable by any coins since other coins has a big contribution too.

I have also seen some friends on this forum saying Bitcoin controlled the while market and all we know every coin  market has his own price on demand and supply

[Babubu609 0]

24 minutes ago, Basad said:

Back to your topic, BTC is the controller of crypto market! I know answer you by saying, for now but we don't what will happen in future, in future years coming possibly BTC may be over take because nothing is permanent so also the position it's occupying as first-class coin, top leading and most expensive coin in crypto world may be occupied by a coin which we don't know yet

I don't argue with what you said but have you try to stop a minute and think? Why all new coins were created under Bitcoin? With out bitcoin is there possibilities for any coin to exist on the blockchain? Bitcoin is hardly to be defeated even if a coin will be created to be over than Bitcoin then it will surely be created under the Bitcoin but cannot control Bitcoin. Because even in reality their is no individual that can control the king except that individual is controlled by the king.

[BTC Future 3946]

17 hours ago, Treat1234 said:

I have also seen some friends on this forum saying Bitcoin controlled the while market and all we know every coin  market has his own price on demand and supply

Nobody knows exactly how many whales and how much they own, but there are estimations that are describing a picture that points to massive concentration. This is one of the reasons people are saying that the market is volatile because the major players sometimes have to sell a lot. Also it is one of the reasons people recommend to only invest as much you are willing to lose.

[Hatred 1388]

Well, that's true. Bitcoin is the the so called " controller of crypto". It is because most altcoins or cryptocurrency are always following the price of bitcoin. Without it, they can't make to stand on their own or they can't be popular without bitcoin. So to make them grow, bitcoin is their hope to make that happen.

[Treat1234 0]

3 hours ago, BTC Future said:

Nobody knows exactly how many whales and how much they own, but there are estimations that are describing a picture that points to massive concentration. This is one of the reasons people are saying that the market is volatile because the major players sometimes have to sell a lot. Also it is one of the reasons people recommend to only invest as much you are willing to lose.

Yes depending on who has the highest investment because the whales have hold lot of btc so they can do what they like with the market were we the small traders has to follow it that way.

[Babubu609 0]

1 hour ago, Basad said:

Don't just limit your reasoning to things you see physically, things that only appears to your vision

Well you are right what is impossible can become possible but we put this into consideration focusing on the present situation. Bitcoin can be defeated to my opinion only if it dies and if Bitcoin will die then there will be no cryptocurrency because it is the beginning of cryptocurrency and if it dies definitely crypto dies with it together. If we talk if the future anything can happen technology can change and if changes take place everything can happen too as well affecting the Bitcoin existence

[Zues 1069]

On 5/12/2020 at 11:10 AM, lingardcpp24 said:

We can say that BTC manipulated the cryptocurrency market. By the things it brings to the cryptocurrency world. When BTC fell, we also saw other COINs fell. and vice versa.BTC had control of the market

No I don't think that bitcoin controls cryptocurrency because I think that they are just a big part of cryptocurrency and bitcoin is not controlling any cryptocurrencies but other cryptocurrency is affected because bitcoin is a big cruptocurrencies. 

[Babubu609 0]

13 minutes ago, Basad said:

Life has many strange & surprising facts, that you can't deny or denied them. Presently for this generation BTC may the best and seems to you unshakable but in nearest future anything may happen. My bro, The "world is dynamic" and so be it everything in the world too obeys the law 

Ok thanks for getting my point we discussing of the present situation of Bitcoin right now and yet to know the future is only base on predictions

[koussai999 1986]

Certainly, bitcoin is the cornerstone of cryptocurrencies, and certainly that bitcoin is the basis of market movements and plays a major role in the movement of cryptocurrency markets.

[iloveyobit 6599]

Bitcoin is controlled by market makers and those who have the largest amount of it. Of course bitcoin has a total impact on the prices of other currencies in the market.

[Babubu609 0]

12 hours ago, Basad said:

Well presently BTC has stucked at $9500 almost couple weeks since when Halving events occurred and till date it has not been able to breakdown the substantial resistance of $10k to face the next $15k.

 

Yes this has to take time before breaking the resistance as it moves down the trend gradually therefore we need to follow it gradually grabbing the little profit we can get to buy more Bitcoin and hold before it breaks the resistance

[Rezort 846]

Bitcoin can actually change some trends of the market but it doesn't happen every time because we have seen many times when altcoins grew while bitcoin was falling.

[Babubu609 0]

1 hour ago, Rezort said:

have seen many times when altcoins grew while bitcoin was falling

@Rezortthis shows you the fact that Bitcoin was not the controller of the Bitcoin market. Therefore something is beside any movement of the price which we later observed to know that the buying and selling if each coin makes the price to move upward trend in price and downward.

[issa123h 0]

Yes my friend this is rarely we cannot st without that the bitcoin is the coin wich moving the cryptocurrency markets up and down and this is Normal my friend 

It's the major coin

[Babubu609 0]

2 hours ago, Basad said:

well I can't risk buying more BTC to hold currently now, after all I haven't yet achieve my plan A

That isn't a big deal mate you don't know what the future will be and you don't know how the halving will end but that is your choice of cause if you have enough Bitcoin presently you don't need to buy it except if the price falls more low than the present price at least 8000- 8500$ this assure you that something good might be achieved.

[Crypto123 0]

This is absolutely true, Bitcoin is the number one market controller. It is known to everyone, even those without much experience, that when bitcoin price falls, market prices fall with it and if bitcoin price rises, prices rise with it. Therefore, the trader has to monitor the Bitcoin price.

[rekter 8129]

2 hours ago, Basicity said:

Yet am doubting on this because Bitcoin has a high price does not mean it controls the market but the price of all coins changes only with the number of selling and buying in the market.

What? Did you understand what i said about perpetual contracts? They are paid with btc. I am not sure what you are talking about here. And this isn't really a matter of opinion. Take a look at the history of the charts. Almost every fast&big btc move has meant that alts drop in usd pairs instantly momentarily.

Edited May 24, 2020 by rekter
typos

[DreamStage 2105]

It all depends on the investors trading selections. For instance one buyer can buy a particular alt coin because he wants to sell it at lower fee and convert to bitcoin for the same bitcoin value so that means it will follow bitcoin's up trend move.

 

Nevertheless the same happens when bitcoin prices go down.

Or even if some exchange gets their money stolen or hacked, you can notice all currencies change their value at same time.