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 whole reason is a relatively large level of bitcoin capitalization compared to the total capitalization of the remaining crypto-currencies. This allows the bitcoin to completely dominate the price over all types of crypto currency. To ensure that bitcoin does not provide such a price dominance, it is necessary that its level of capitalization is significantly lowered and not much different from other coins.