I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.
and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?
It is because the altcoin is just following btc price not the btc following the altcoin. Because everytime btc rise altcoin will also rise and if btc fall the altcoin will also fall, it is always happening so this is not new to us and everytime it happens there is always a prediction and speculation but still no one can predict it.
I think that is mainly because most of the coins are connected to bitcoin via price on the trading platforms. I think when the market has a biggest coin at the top, and that goes up, it is hard not to follow that togehter as well. Its obvious that there are a lot of people who would like to see a different angle on this subject, they would like to see how they could be independent and even want to see their coins go up even without the market moving, but thats not going to happen. I personally believe that we should be doing something that is a bit more towards how we could handle all the market in a personal way and make a profit as a combined market together instead.