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?
Yes, bitcoin is the main reason why cryptocurrencies dump and pump. It is the major coin that lead the entire market change whether the the market turn to red or into green. That's how powerful bitcoin is. Just wait for bitcoin recovery maybe we are near to that moment.