Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market?
Bitcoins affect the market because it is the head of the all cryptoes and it shares the highest percentage of the crypto-currency 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.
Bitcoin is the only digital currency that we refer as a true crypto because other cryptos are just alternative coins. Their whole market is due to the presence of the mighty Bitcoin, and if it goes down then they will also go down. Alt coins do have their own value and features but without the main unit (King of the cryptoes,) they are not able to exist by their own self, and thus results in their value going downward rather than upward.