Post
Topic
Board Altcoin Discussion
Re: why alt is always affected?
by
Ridwan Fauzi
on 12/04/2018, 05:38:36 UTC
I noticed that altcoins are affected by the price of bitcoin when it goes up or goes down, what is the reason behind this? And is it possible that there is an altcoin that can possibly scape from this cycle and how?
Yes, it is currently we will see if bitcoin down then altcoin will be the same. The exact reason I didn't know exactly. I have two reason, the first reason is investors who have investments in bitcoin automatically they will have an investment in altcoin also, so when bitcoin prices go up or down they will sell and buy altcoin.

The second reason, we know that the biggest effect that makes bitcoin and altcoin is the information coming against cryptocurrency. They will automatically sell their altcoin if they know there will be a crash because there is bad information about cryptocurrency, not information that comes to bitcoin but information came overall to cryptocurrency.

Bitcoin is part of cryptocurrency, not a cryptocurrency part of bitcoin. So, it can go down and rise its altcoin price due to the same investor who has an investment of bitcoin and altcoin, or it could be because of hearing news from cryptocurrency.