Post
Topic
Board Altcoin Discussion
Re: bitcoin prices go down, why altcoins prices also go down?
by
commander11
on 24/07/2018, 04:32:19 UTC
I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.

The correlation between altcoin and BTC is directly proportional where all alts depends on the sentiments of Bitcoin. When BTC down, all alts will follow. When BTC rise, all alts will temporarily down and eventually catch up with BTC.

That's why you need to know the position of BTC before making any trades, it will be your hint to what might happen next.