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.
I think bitcoin and altcoin are linked because if bitcoin price drop altcoins drop also,if bitcoin price increase altcoin increase also. Bitcoin is a leading coin that has a big rule to play in cryptocurrency. Every altcoins need to exchange firts into bitcoin before you can use it as payment methods and before you can exchange it into our local money.