Post
Topic
Board Trading Discussion
Re: How can all (or most) cryptocurrencies rise and fall at the same time?
by
jossiel
on 23/09/2022, 21:50:31 UTC
Altcoins will always rely on the situation of Bitcoin because as the king of all cryptocurrencies, it always dominates the market. That's the reason why most altcoins pump during the bullish season and dump along with the price of Bitcoin when the bearish situation occurs.
This has always been the matter.

The market is being led by bitcoin and all of the cryptos are going on where it goes. That's why, most of the alts are also going down when bitcoin is down.

And if they haven't seen it yet, during the bull run, it's like the most profitable days as bitcoin moves up then many of the altcoins are also moving up together with bitcoin.

But that doesn't mean that altcoins that follow the movement of Bitcoin are all reliable. You still have to be wise in choosing. The legitimacy of coins that we're investing in always matters because even scam projects go along with the value of Bitcoin.
True, because some of them go inversely.