Im a N00b. I noticed that most of the top altcoins price went down when btc price went down. I bought some bitcoins so i can buy some NEM. I was wondering if I should wait a little while for the price of btc to go back up or would that mean that NEM prices would most likely go up too?
Technically speaking all altcoins is not controlled directly by btc but some of their prices can be predicted when btc falls or rises just because they are only used for speculations to earn more btc and has no real world use. If I were you, I wouldn't wait to buy NEM based on btc price but rather I will look to buy into NEM when it's conversion to btc goes down.