Quote from: doomloop on December 20, 2019, 06:02:10 PM

Quote from: watergold on December 19, 2019, 12:43:14 PM

Quote from: Wend on December 19, 2019, 07:48:05 AM

Quote from: DashingAgent on November 29, 2019, 11:50:22 AM

snip

Yes we realize that if the bitcoin drop the price some of altcoins also followed to dump.
Ill think its because of bitcoin has a big marketcap and also being a number one coin in crypto so they need to follow on when the bitcoin be going increase the price. So that some altcoins are need to follow also but not all altcoins are being increasing the price some of them are always in dump situation maybe because of these have no development and no update.

It is true that the average price of altcoin is rooted to bitcoin and that is only BTC pairs, but others can also follow as long as they follow market trends, bitcoin has a big impact on other altcoin prices if there is a pump then the developer does not need to make updates and already their tokens will definitely follow the bitcoin market.

Bitcoin is the leader of all crypto currencies and we cannot deny this fact. People are launching bitcoin on daily basis or almost on monthly basis; we observe new projects and all of them are depending on bitcoin for their value. This is normal for altcoins to increase in worth when bitcoin is going throw pumps and they shatter badly when bitcoin is going through downs. We shall never ever invest into altcoins.

Well this isn't in effect now. Bitcoin dumps affect the market in general yes, but some coins are independent to btc movement. I think the notion of this is because bitcoin is pretty much the face of crypto. When it dumps, a lot of people focus on it, starting panic that spreads to their other crypto holdings. Some alts that have solid support don't always follow btc's trend.