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?
Not always, obviously bitcoin is a very dominant coin but this is not always the case, the last drop in price did not happened because of bitcoin it was because of the China news that banned icos and that had a big impact since a lot of money moves in icos and that also had the effect of the Chinese investors panicking and selling their bitcoins and most of their altcoins as well.