Why is that altcoins are not independent on their own?

[Delgboke]

One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.

[Andruha1993]

The price of altcoins still depends to some extent on bitcoin. And also the price of altcoins depends on how their project team works. If there is nothing behind the project, then the price will not rise accordingly.

[Fenix]

We know that Bitcoin's price dominance depends on its level of capitalization. The higher the level of capitalization, the higher its level of price dominance in the cryptocurrency market. Bitcoin's dominance in the market is now around 60 percent. If this percentage drops significantly, that is, investors will invest their money more in altcoins, then the price dominance of bitcoin will disappear. In this case, if there is no second such leader with a high level of capitalization and dominance, the formation of prices in this market will be freer and will largely depend on the prospects for the growth of the project and its cryptocurrency.

[Senin]

We know that Bitcoin's price dominance depends on its level of capitalization. The higher the level of capitalization, the higher its level of price dominance in the cryptocurrency market. Bitcoin's dominance in the market is now around 60 percent. If this percentage drops significantly, that is, investors will invest their money more in altcoins, then the price dominance of bitcoin will disappear. In this case, if there is no second such leader with a high level of capitalization and dominance, the formation of prices in this market will be freer and will largely depend on the prospects for the growth of the project and its cryptocurrency.

Yes, I would like to see the cryptocurrency market already without this rigid dominance of Bitcoin. Otherwise, it turns out to be a decentralized cryptocurrency with rigid centralized price dominance. This is not entirely normal. I think that over time it will be so and this dominance of Bitcoin will disappear.

[TomPluz]

There is some correlation to this though we have to understand that this is not the case all the time. When Bitcoin is rising, it is also possible that some altcoins can be joining the party but of course the invitation can only be for a select few as not all can be accommodated, so to speak. So how come when Bitcoin is rising, the interest with altcoins can be falling? Well, it can be because investors and traders are focusing more on Bitcoin since they know that it can be making more money for them leaving many altcoins behind. However, when things are starting to balance out, some attention can start to be diverted to altcoins like what we are experiencing right now with Ethereum, Cardano, XRP, Dot and some more coins.

[Jaguar]

Bitcoin is always the basis per tokens but it does not control every cryptocurrency. In fact it is the main reason when to bullish and when to bearish. The price varies depends on Bitcoin movement. Altcoins are independent at the same time dependent to Bitcoin price motion. If there is bull run the market can be seen in green Opposite to bearish in red. Bitcoin does not control altcoins but affected altcoins.

[Crypto Guard]

Bitcoin and altcoin are indeed related to one another. so that the two are inseparable. will always be the same, interdependent and affect, especially in terms of price.

[Hope4life]

Basically both are cryptocurrencies but bitcoin and altcoin will be different when it comes to trading. Because there is something called market dominance, if bitcoin dominance is > 62% then the altcoin price will drop and otherwise. This occurs due to an increase or decrease value of the capitalization in bitcoin.

Easily, this is happened because traders move their assets to bitcoin when the market dominance exceeds 62%, automatically there will be a price drop in altcoins and otherwise.

[MUGNIA]

Altcoins cannot be separated from bitcoin, but I am also confused that bitcoin should go up Altcoins should also go up, but lately, it doesn't continue to be reciprocal, bitcoin goes up altcoins there is no movement even suspended animation, if alcoin moves to up and bitcoin goes down, altcoin drops too in a short time
I also wondered why altcoins don't stand alone when ETherium is already arguably the best altcoin

[masterrex]

One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.

IMHO, and base on my own interpretation altcoin price was tied to Bitcoin because it was a dominant cryptocurrency in terms of market capitalization, and it was also a base pair of most altcoins in trading other than Stablecoins like Tether so with that reality I guess it is the main reason why if BTC price will drop altcoin price is also followed but it is just my opinion I'm not so sure about it.

[ife2020]

I think it is evident that the only dependent token on the blockchain is bitcoin; then altcoins and etherum are all dependent on bitcoin; this is just the reality. Recently, the dependence of altcoins has dropped down to 50%; but it still has to go further down to ensure that altcoins get dependent.

[Jaephoenix]

It's easy. There is nowhere or nobody with unlimited or infinite funds. People sell their bitcoins to buy altcoins during alt season, and sell up their alts for bitcoin when its on a bull ride

[Pheonyx]

One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.

This has something to do with psychological buying and selling. When you can read the pattern of bitcoin uptrend then you will decide to sell your altcoin to buy bitcoin the same when bitcoin is downtrend to prepare the dip of bitcoin and buy.

[sergeybobrov]

Altcoins are always very dependent on the price of bitcoin, but now in the altseason, some coins do not react to the price of bitcoin and move on their own.

[Duckenth]

Altcoins are always very dependent on the price of bitcoin, but now in the altseason, some coins do not react to the price of bitcoin and move on their own.

But in my opinion, Altcoin price will not always depend on Bitcoin.  Indeed, broadly speaking that is the case, but sometimes there are certain times where the price of Bitcoin price goes down while the Altcoin price goes up. If we are active in Crypto trading, I believe we will have moments like that.