Quote from: Dadaro on October 12, 2018, 01:28:38 PM

most of the cryptocurrencies are directly proportional to the price of bitcoin. when I trade new altcoin one of the first things I looked up on is the previous price if it has a directly proportional to bitcoin price.

Yes, it is a good reference to take a look at the "driver" of the market price so that you will have an idea as to what will possibly happen to the coin you are trading if bitcoin makes some rapid movements. I think it would also be an advantage if you will take a look at those coins that are not seemingly affected when bitcoin makes some rapid movements because they would be not dependent on it and then you can analyze its own movement and make it as a hedge in case bitcoin isn't doing well.