We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
in 2017 we see ethereum price hitting $1200 during bitcoin price falling , i think it's can happen altcoin will do pump and dump alone, withouth seeing bitcoin price. but in other problem i can say 90% bitcoin rising and pump will impact altcoin price too.
if looking at one or some coins, I agree that altcoin can be pump alone
but if we look at most altcoins, then it would be wrong. bcz Bitcoin affects more in most of crypto
if Bitcoin dominance is high, no matter how good altcoin, it wouldnt go anywhere, Bitcoin will still be dominance.
Altcoin' pump needs reducing from Bitcoin dominance, if not, it wouldnt happen.
that's why Bitcoin is matter in affecting altcoin price