Can someone tell me why the Alt coins price is affected so much my bitcoin price? I feel.like I'm investing in excellent altcoin projects but due to bitcoin they just seem to plummet........argggggg. Many thanks in advance
The reason is the parity. Altcoin prices are dependent to bitcoin price where an altcoin price is for instance, ETH/BTC. When BTC price (denominator) increase more than the ETH price (numerator), then ETC loses price or vice versa.
yeah cause bitcoin is the mother of all the altcoins , so if btc down automaticly all altcoins down too. but if bitcoin
vice versa.