Quote from: ePesoInitiative on October 11, 2019, 07:05:59 PM

Quote from: rodel caling on October 09, 2019, 11:22:53 PM

Quote from: ePesoInitiative on September 30, 2019, 08:03:25 PM

You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

That is truly correct mate and that is part of reality we need to accept altcoins are always affected if bitcoin as goes dump in the market cap, sadly if bitcoin are goes up altcoins are too long time to waking up again their value to recovery. For the ethereum I believe if the bitcoin are goes start to rising into the market I beleive ethereum follow to increase their price, vpbut of course is deoend to the market volumes.

It is because Bitcoin is the most popular cryptocurrency. In fact, many people still don't know other cryptocurrencies exist.

They first only know there is Bitcoin which is magic internet money to them. Second, they know it is a cryptocurrency. And the awareness stops there. So traders will always flock to the safest coin in bad times.

The bolded part is actually what I used to think while reading/hearing about Bitcoin & using it back then as newbie. When i dived in deeper I discovered I was using another cryptocurrency aside Bitcoin and cryptocurrency was much more than that.
So Bitcoin is basically the first cryptocurrency. It will be seen as the only cryptocurrency by non-crypto users who don't know much about cryptocurrency.