Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
Well, that depends. Some alt coins are dependent on bitcoin simply because they were supported from the start of an ICO by bitcoin.
However, there are coins that are also dependent on Ethereum or shall i say Erc20 based coins. Yes. Some coins are adjusting to bitcoin's current status. But, sometimes, the law of supply and demand level of an alt coins doesnt need bitcoin. It will always depend whether an alt coin has its own demand level and significance. It will never have to depend on bitcoin nor ethereum.