Post
Topic
Board Altcoin Discussion
Re: What's your reason for buying altcoins?
by
Furious 7
on 24/05/2022, 16:42:37 UTC
The price of altcoins depends on demand in them.
But during the fall of the market the price of cryptocurrency falls and demand in altcoins falls too.
That is why it is important to check everything not to lose money during the fall of the market because such investments are very risky.
However, the movement of altcoins will greatly affect the bitcoin market without exception, but if the bitcoin market is relatively stable then altcoins will have the opportunity to increase based on the big news of each coin.
hm, I think it's the opposite of the movement of bitcoin that really makes the market of alt fall apart, it depends on the movement of bitcoin itself. when they move well enough then maybe they can put a large enough altcoin to provide profits but on the other hand when bitcoin is corrected it will make altcoins go crazy and fire.
this is a natural thing considering bitcoin can be said to be the core there because indeed if we make an analogy in the caste system then bitcoin is the king now