Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
altcoin paired to Bitcoin and bitcoin is the highest pair to fiat. so when bitcoin into fiat prices goes down, altcoin holders will panic and sell their altcoin. and move to fiat. so altcoin follow down. altcoin only follows the bitcoin trend. but news for altcoin could also have an effect on rising or falling prices.