Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down
It is not the Altcoin price will automatically to go with the Bitcoin price but it is the people who rides with the Bitcoin price movement. I don't know the main reason of this but i have observed many times that Bitcoin will create domino effect with the market price, maybe if most of the altcoins are directly accepted in all exchanges then maybe they will not rely on Bitcoin movement anymore.