Do they really? I often encounter this statement. And i have no idea as to why. This past few days, bitcoin is on the rise and most certainly than not altcoin's price surely follows. I am not saying this is bad but altcoins have very little in common with bitcoin. And they are certainly not carbon copies of bitcoin either. Why the heck is their price so closely connected despite being so fundamentally different?
At the point when the cost of Bitcoin drops, an alt coin turns out to be more significant because of the relationship of it merits being ascertained in Bitcoin. In the event that you thought of an alt coin's cost continuing as before when Bitcoin drops, you will see that if for instance BTC dropped from 10,000 to 5,000 that the alt coins BTC esteem goes very high. It's then gainful to purchase once more into BTC. You could possibly twofold benefits along these lines.