Quote from: Just Joe on June 19, 2017, 02:48:04 AM

I hope everyone is correct about LTC. Ive been watching it for a few years and it only seems to be getting netter. I'm new to the scene but it has certainly improved in the last year. What really bothers me is how each coin has a connection. If BTC goes down nearly all the altcoins follow. I just do not understand why. If supply and demand is different for each coin. Maybe its the way they are all built on the BTC blockchain. Any advice on this would be greatly appreciated

The explanation is simple

Altcoins go down because people who are investing in Bitcoin are also investing in altcoins. These are mostly the same folks, and when they get panicky, it is not just about Bitcoin they are dumping, they are dumping everything. But this is not to say that it is going to last forever. If big whales start massively dumping Bitcoin and moving their wealth into some other coin (say, Litecoin), it will be different. This is just a matter of time, i.e. how quick Bitcoin will turn toxic in the light of the coming split