When bitcoin price increasess, altcoin decreases. When bitcoin price decreases, altcoin decreases as well. In both case, altcoin suffers. When does altcoin price increases? Why market follow this behavior? Please share constructive reason behind this.
This is an old post already I noticed but anyway my opinion is because Bitcoin is the King of cryptocurrency and because of that, all cryptocurrency and tokens depend on the up and down of his price. Why? I believe it is because of the huge community the bitcoin is enjoying, they support bitcoin but they also see other coins worth to invest so when unfavorable news is surfacing about bitcoin, they anticipate the effect and the outcome is that they hide their money in stable coin. This is the time we see the bitcoin price is going down together with the other crypto coins. I do not believe that it is always the case of when bitcoin is down the altcoins price decreases as well.