Quote from: Sirait on September 29, 2018, 01:45:31 AM

Quote from: Jiddyyy on July 26, 2018, 11:49:27 AM

I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?

actually not really, if what we make as a benchmark is only Bitcoin then we will find it. in the real world, Bitcoin is like the US Dollar where the Dollar is a benchmark for currency values throughout the world. indeed some prices of cryptocurrencies are influenced by the price of Bitcoin, but some are not, for example like Ethereum whose prices are not affected by the price of Bitcoin, this is my opinion.

to my knowledge as a beginner, it all depends on bitcoin. bitcoin is very influential on other markets and coin coins. like bitcoin is the highest money as in the real world is the dollar. as you say when the dollar goes up all currencies also go up, and when it's down, the others also go down