Quote from: mk4 on Today at 06:42:04 AM

Traders know that BTC has great effects on altcoin price movements, but doesn’t solely look at BTC to see how alts would perform. Because if alts were totally reliant on BTC, then why even trade alts?

Actually one of the trading strategies in shitcoin market is to look at what bitcoin is doing. When bitcoin isn't making any move at all (like right now) they take their BTC to the shitcoin market to trade with it and increase the amount of bitcoin they own then come back as soon as bitcoin movements started. Which is why altcoins dump each time bitcoin rises or falls.

BTW OP is not arguing about what or why traders do what they do, he is claiming that this is the only purpose bitcoin has Cheesy