Post
Topic
Board Altcoin Discussion
Re: Are there any altcoins that are independent to Bitcoin?
by
awazieik
on 18/04/2018, 13:17:29 UTC
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?

What you need to understand is that the market is so unpredictable. The alt coins are in no way connected to bitcoin but due to the fact that bitcoin is very popular, it seems like when bitcoin goes up then other altcoins goes down. Also it will take a while before people find out there is no correlation.