Quote from: Ziskinberg on March 13, 2022, 01:23:50 PM

Quote from: Chipard on March 07, 2022, 05:57:23 AM

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?

First of all...it is the nature of these altcoins. We can't actually hide the truth that once Bitcoin dumps, the entire market drops as well, and ever since this is what we saw in the market trend. We don't like it for sure as we wanted that these altcoins will stand alone and have a separate view with Bitcoin but just only a fail. we can change this unless people never invest in Bitcoin and if Bitcoin doesn't have the influence in the market. But for as long as the situation remains like that, it certainly will always be going to see.

Bitcoin will always have that kind of influence in the market, there is no way we could ever stop bitcoin to have that kind of influence. It is king of cryptocurrencies and it will stay like that as long as it is covering most of the market all by itself. I mean we are talking about reaching 60%+ domination at one point, it is lower right now of course but aside from only like handful of coins, rest of the pack could combined not be worth as much as bitcoin.

It is where the power for bitcoin comes from and as long as it is like that, I do not think that we would really have anything different at all. Just a situation where things are not really looking good for alts, when bitcoin goes up, that is only difference it could be.