Post
Topic
Board Speculation (Altcoins)
Re: when altcoins stop following bitcoin price ?
by
Bonsaiav
on 14/11/2018, 07:05:06 UTC
As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

As far as I know the altcoin price movement is actually, not based on bitcoin price movements but the actual rise and fall of altcoin prices only triggered by active user behavior.  When the upward trend in bitcoin prices occurs, usually altcoin users who have little funds, take advantage of that moment to buy altcoins in the hope that the coins they buy will be pushed up in value by the atmosphere of rising bitcoin prices.