Quote from: azizsatrasia68 on June 27, 2018, 04:18:29 PM

Quote from: udana123 on June 27, 2018, 03:46:09 PM

Many people say that the prices of the alternate cryptocurrencies are reducing because of the reduction of BTC prices. Bitcoin is know as the first crypto currency but other alternative currencies such as Eth, Ripple, Lite works as individual platforms. Therefore how the other crypto currencies depend on BTCs?

Yes, of course the bitcoin with altcoin is very different, but the bitcoin price is an indicator. This is because when bitcoin prices increase, indirectly altcoin prices also increase, and vice versa. Although basically the price of bitcoin and altcoin is determined by the demand and supply in the trade.

in my opinion, bitcoin never affects other altcoin but if bitcoin price decreases altcoin price will follow its movement and so now I focus more on bitcoin because bitcoin will soon come back and reach its peak, and if bitcoin price return and altcoin price will come back also because the market also depends on bitcoin