Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
All coins are affected when BTC Is dropping in market because as far as I know this is the one they bases for in terms of increasing price.In this several days it was nothing to say but just waiting for the comeback.
I agree with you. Basically most times when investors sell off bitcoins, it's not necessarily to cashout to fiat but largely to invest in altcoins with good potential and this activity is what moons the altcoins. This is just the basic economic cycle of cryptocurrency