I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?
In my opinion, all manipulative organizations have intruded into all the altcoins to manipulate the entire market. They are an underground organization and always have the strategy to make money from small traders like us. When bitcoin goes down, the whole market goes down, it's a sign of strong manipulation.