Quote from: faceoff97 on April 12, 2018, 11:14:30 AM

Quote from: L. Maker on April 12, 2018, 04:34:20 AM

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?

Majority of the Altcoin are actually dependent on bitcoin, but there are still coins that are already well established. Since bitcoin is usually used as exchange rate in most exchanges it affects the value of alternative coins. I have few coins that going an independent track, the development team has really a good vision and performing well on getting every milestone happen. Time frame really matters for a project, a god project meets its goal.

Good observation so far, that is reality of the market trend of cryptocurrency as altcoins are correlated with bitcoin. If bitcoin will accelerate then altcoins will follow and by the time bitcoin declines, same thing will happen to the alts and it is like directly proportional with each other. I happen not to find yet a coin that will still continue to accelerate despite of the successive dips so far. I think that the strong resistance is hampering bitcoin's growth to move forward.