Post
Topic
Board Altcoin Discussion
Re: Why altcoins are backed by Bitcoin?
by
btcltcdigger
on 24/05/2021, 21:04:59 UTC
So I am a newbie and I always had this question in my mind why all altcoins are backed with BTC because at times like these altcoins are the most affected one there are some really great altcoins out there but due to this correction we can see a massive drop in those coins and I don't think it is fair to other coins that because of only one single coin they also see a massive drop.

I am saying again I am just a newbie who is trying to understand these market.

Thank you

Because BTC was the 1st of it's kind, and everything was at least back then, pegged to it somehow.
Now you can even find coins which don't have a btc pair (hard, but can be found)