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
Altcoins are affected with bitcoin price because first bitcoin is the king of all crypto with highest demand in the market. Also bitcoin is always need when you buy altcoins that's why if bitcoin drop,altcoins also drops. Another reason you use bitcoin in trading with altcoin but if you want to withdraw and cash out money all your altcoin is need to exchange first into bitcoin before converting into a fiat money.