Post
Topic
Board Altcoin Discussion
Re: Why altcoins are backed by Bitcoin?
by
bitterguy28
on 25/05/2021, 04:56:09 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
You must understand that Bitcoin is the Symbol of Cryptocurrencies . meaning the market and investors stand by this so what can you expect to be the effect of correction?

and also Bitcoin price drops almost 50% from the ATH now so is it fair if bitcoin fall will cost altcoin fall also.
Lots of interesting replies so here is my reply.

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