Post
Topic
Board Altcoin Discussion
Re: bitcoin prices go down, why altcoins prices also go down?
by
Tetep Mesem
on 24/07/2018, 06:24:40 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.

bitcoin is the benchmark of all second and third generation altcoins, if we give the name of the bitcoin as first generation cryptocurrency, so all subsequent doses of altcoin are Bitcoin, if the bitcoin falls then the coin of another person also goes down. but there are also some coins whose price rises if the bitcoin descends, cryptocurrency or altcoin stand-alone type, usually the coin has its own price without bitcoin relevance, although we can change the market into bitcoin form when trading.
I am looking for the development of the present at this Altcoin affects the price of the basic Altcoin. so with the presence of the Bitcoin experienced price reductions will not affect the price of the basic Altcoin. so Altcoin will still be able to generate the high price even though the position of the Bitcoin is low.