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's not that people don't trust to invest in altcoin anymore, but it's usually in the beginning, if the price of Bitcoin starts to slowly increase, then the price of altcoin is sometimes still stable or even only increase slightly, but when the price of Bitcoin starts to increase very high, then the price of altcoin will starts to slowly increase and when the price of Bitcoin starts to stabilize (no decrease), then of course the price of altcoin will starts to increase very high (in my opinion the cycle has always been like this).
To be honest, it doesn't always work the same way, sometimes the prices of altcoins go too high even if Bitcoin goes up only a bit, and sometimes the prices of altcoins rise up very slowly even if Bitcoin is going up very fast, so this keeps changing time to time and we shouldn't expect just one outcome all the time because the cryptocurrency market is too unpredictable, the prices of different coins and their behavior keep changing over time.
And if we talk about trust, people actually don't trust new altcoins very often because their movements are undeterminable and one will need to see them react to at least one bull run to see and understand how they work and then they might start believing in them along with the old ones.