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?
Altcoins going down when BTC is going down is just one possibility in the movements of cryptos. There are also times that when BTC is bullish, all the altcoins will be painted red all over. There are several possibilities in terms of effects. It is best if you try weigh the maximum advantage to your side depending on the situation.