Post
Topic
Board Speculation (Altcoins)
Re: Bitcoin price and altcoin price
by
jamids
on 29/07/2018, 11:37:21 UTC
These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

Altcoins will have its own time. Usually, when bitcoin price goes up, the altcoins would follow suit afterwards when bitcoin is in a consolidation because the attention of the traders would be in altcoins then since bitcoin is not moving that much. You can have patience and wait for a while. You can accumulate some altcoins when it is cheaper because sooner or later, it would increase and its percentage increase would be higher than bitcoin especially if the coin has good fundamentals.