I just started with buying some crypto coins and have a lot to learn.
But almost every time when Bitcoin is up, al lot of the other coins also go up. And the moment Bitcoin drops , the other coins also drop. Is this just a coincidence or is htis how it always works? Can someone explain this to me?
One think everyone needs to understand is bitcoin is the core of cryptocurrencies and rest everything is dependent on it.May it be alts or any ICO's. You can't deny the fact that bitcoin is the first of it's kind.People coming in the Cyptocurrencies are familiar to only one coin and that is bitcoin and they have their trust on bitcoin and if the prices of this coin drops,then people looses their patience and try to remove all their money what they have invested in crypto.That's how every coin is affected.