Post
Topic
Board Trading Discussion
Re: Altcoin price based on bitcoin price?
by
Rembedful
on 06/10/2018, 10:30:49 UTC
nah bro. maybe it's just the same moment. just coincident . every coin have the other circle . i'm make sure
Yeah it is true and I think the reason is that cryptocurrency market depends mostly on the ups and down of bitcoin, that’s why Altcoin prices are also increases and decreases with the price of bitcoin. It is the leading crypto in the market and mostly people put their money in bitcoin only because it is more authentic and reliable than Altcoin.
I can say nothing about this because if we see the investment trend, people choose their favorite coin and there is no relationship between bitcoin and altcoin investments, but it is also a fact that when the price of bitcoin increases Altcoin prices will also increases and when bitcoin drops, Altcoin will also drop. It is because overall both are cryptocurrencies.