Post
Topic
Board Altcoin Discussion
Re: Are all altcoins dependent on Bitcoin?
by
Senchou
on 24/06/2021, 07:56:34 UTC
I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.

Is there no independence in the cryptocurrency world?

Thank you!

Not actually but almost all of altcoins affected when the price of bitcoin moves up and down, all alts have their own platform and governance but we cannot deny that the bitcoin influence are affecting the alts market.
But now altcoins are more interesting that btc. Alts showed good growth
Alts more flexible during market changes. So you may reset your altcoins wallet and buy new coins any time