Hello, I would like to know your opinion about this: What happens to the other cryptocurrencies if the Bitcoin goes to $ 2,000? I mean ICOs, altcoins, low market cap coins.
Now ICOs and low market cap coins have very bad times, but if Bitcoin goes down to $2,000-3,000 what will happen? This will be the end of ICOs?
Because I think that most of investors will sell everything to buy more Bitcoins.
Most likely most altcoins would also drop in value. We all know that most altcoins are paired with bitcoin, thus, making their value lesser. That is why altcoin price correlate with bitcoin price. However, if a project is really good sometimes bitcoin price doesn't affect it's price.