Post
Topic
Board Altcoin Discussion
Re: Are all altcoins dependent on Bitcoin?
by
tiffcrz
on 21/08/2021, 22:55:27 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!
No, not all cryptos are dependent on Bitcoin. Most of the coins are independent. What you see and feel is mostly a byproduct of panic sell. But if you are looking for safe and long term investment, I recommend you stick on the well-established altcoins and has been around in the business for several years already to be less affected by the price of Bitcoin. Very good examples are ETH, LTC, XRP, ADA - my portfolio is packed with these coins. I am also keeping a fair amount of Stakenet's XSN in my bag. An underrated hidden gem which I believe will going to pump real big in the coming months.