Post
Topic
Board Altcoin Discussion
Re: Why Alts Follows Bitcoin's Fall?
by
Kelvinid
on 09/03/2022, 22:42:03 UTC
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
It is not usually to see the trend as altcoins just rely upon Bitcoin. The whole market had relied on Bitcoin once it dumps, altcoins are absolutely are going to follow and do the same thing when it pumps.

1. people are selling their coins (worried)
2. Bitcoin has an influence on the market
3. Altcoins can't stand alone without Bitcoin

If Bitcoin dies, the crypto market will collapse but this becomes impossible.