Quote from: muratsink on July 25, 2021, 06:45:22 AM

Quote from: zachyboy090118 on July 25, 2021, 05:16:59 AM

Quote from: KingsDen on June 08, 2021, 09:54:52 AM

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 sure but mostly depend on bitcoin but not all. Some of alts have there own way through their function and own blockchain. But even if we say some alts have own movement, still the impack of btc is there in up and downs in cryptocurrency.

All coin price depend with bitcoin but few coins keep up although bitcoin down and now hype NFT coin become most public discussing because raise up to higher price although bitcoin down. But remember with hype coin never take long time for holding because they can dump suddenly when success get much profit and do not care about how much price later down or not.

NFT hasn't that much to do with Bitcoin and yet they will tank if Bitcoin tanks. The reason being that Bitcoin just represents the new digital asset class which NFTs also pertain to. This may change however when NFTs for art manage to decouple their pricing from Bitcoin and build an asset class of their own. This may take a while, probably years but I can imagine that will be the case in the future.