Post
Topic
Board Beginners & Help
Re: BITCOIN AND ALTCOIN
by
Putunembah
on 13/09/2018, 15:32:49 UTC
I have realized that whenever  the value of bitcoin drops in the cypto market almost all the altcoins' values also drop. Bitcoin is and has been the father of all cryptocurrencies but i still do not get the relationship and the rationale for the effects of bitcoin value on altcoins.
yes, indeed what has happened mostly like that, when bitcoin lowers prices, it coincides with falling altcoin prices, but that doesn't mean that altcoin prices all depend on the value of bitcoin prices, because each coin certainly has a different purpose and technology.