Post
Topic
Board Altcoin Discussion
Re: bitcoin is controlled
by
AakZaki
on 16/03/2023, 09:30:24 UTC
altcoins that don't follow the movement of bitcoin, for example bitcoin turns green, so I am suspicious of that altcoin, mostly occurs in new altcoins which afterwards only become ash coins. this seems to have become a culture for every altcoin to follow the movement of bitcoin, on the other hand the biggest trust factor in cryptocurrency which makes bitcoin the leader for all cryptocurrencies. We can see this if we pair bitcoin and altcoins with USD, so we can see the movement of the two
New altcoins that don't have a good foundation and are just following the hype won't be able to survive the crypto market storm that will turn the altcoin to ashes. New altcoin projects are popping up more and more, but only a few survive and are able to develop their projects. The new altcoin is just speculation and just a pump dump practice. Altcoins will be affected by the price of Bitcoin, but bitcoin will not be affected by altcoins. Bitcoin up altcoin will collapse and bitcoin down altcoin will collapse even more. Except for bitcoin sideway, some good altcoins will start to recover. Bitcoin cannot be controlled by anyone completely.