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?
crypto market is strongly bound to bitcoin. if the occurrence of accidents on bitcoin will greatly affect other altcoin. when bitcoin decreases drastically, many of the investors will secure its assets in local currency, and investors will turn away from all altcoin. therefore, no one altcoin can move independently for the moment.