Post
Topic
Board Trading Discussion
Re: Altcoin price based on bitcoin price?
by
BitcoinTurk
on 11/09/2018, 12:15:09 UTC
Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down



The price is not entirely related to this, but since many altcoins are priced in Satoshi, we can say that every price movement indirectly reflects here. We can often encounter situations such as adverse reactions when there are very severe fluctuations, but we can see that there are intense changes in standard price fluctuations depending on the price of Bitcoin. In particular, it is possible to say that USD-based pricing is almost one-to-one followed and that different price fluctuations create similar effects.