Why is that altcoins are not independent on their own?

[satpol_PP]

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.

Until now, I think bitcoin is the centre of crypto currency, So it is normal If bitcoin price will affect the altcoins price. But I think tether USDT not be affected by bitcoin. USDT is more stable coin than other
.

[Galley]

Bitcoin is like the foundation for all other altcoins. And in whatever direction he starts moving, everything that is built on top will begin to vibrate or collapse. For the stable growth of altcoins, a stable bitcoin is needed, then everything will depend solely on their viability.

[expander]

Because this altcoin and Bitcoin side by side complement each other. Without Bitcoin, of course, the market would not be crowded, so the chance for altcoins to get lots of investors would be few.

[Fivestar4everMVP]

Except for stable coins and coins pegged to gold, silver or diamond, all other stand alone coins and tokens mostly depend on bitcoin, if you look and understand that market, you will know that while bitcoin is mostly traded against usd, almost all altcoins are been traded against bitcoin, so this is why bitcoin somehow controls mostly all the happenings in the crypto market.
But the truth is that this will not remain like this forever, in a few years to come, when crypto currencies must have expanded and become like forex, every coins should be able to stand on their and not be controlled by bitcoin anymore.

[Anonylz]

Except for stable coins and coins pegged to gold, silver or diamond, all other stand alone coins and tokens mostly depend on bitcoin, if you look and understand that market, you will know that while bitcoin is mostly traded against usd, almost all altcoins are been traded against bitcoin, so this is why bitcoin somehow controls mostly all the happenings in the crypto market.
But the truth is that this will not remain like this forever, in a few years to come, when crypto currencies must have expanded and become like forex, every coins should be able to stand on their and not be controlled by bitcoin anymore.

I truly hope this will happen when a day will come and the different altcoins will not have so much reliance on bitcion direction on every move you trade. Even when you trade any of this Alts with say stable coins, the bitcoin effect is still there cos you notice once bitcoin goes down, al other alts follow and that is frustrating to me.   

[Bobcrypto]

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.

Firstly, all altcoins can not be manipulated at the same time and you have to learn that every altcoons has a BTC pair on almost all the active active exchanges world wide.
Now, BTC is the first crypto, and as a matter of facts, every altcoins follows the btc market trends which has automatically became a routine traditions since crypto inception. I think that this situations of the BTC dominance may change in the future.

[Fenix]

Except for stable coins and coins pegged to gold, silver or diamond, all other stand alone coins and tokens mostly depend on bitcoin, if you look and understand that market, you will know that while bitcoin is mostly traded against usd, almost all altcoins are been traded against bitcoin, so this is why bitcoin somehow controls mostly all the happenings in the crypto market.
But the truth is that this will not remain like this forever, in a few years to come, when crypto currencies must have expanded and become like forex, every coins should be able to stand on their and not be controlled by bitcoin anymore.

I truly hope this will happen when a day will come and the different altcoins will not have so much reliance on bitcion direction on every move you trade. Even when you trade any of this Alts with say stable coins, the bitcoin effect is still there cos you notice once bitcoin goes down, al other alts follow and that is frustrating to me.

It all depends on the level of price dominance in the cryptocurrency market. However, I also hope that the dominance of only one coin - bitcoin - can disappear and there will no longer be dominance of only one coin. Already, Bitcoin's dominance has dropped to 44.9 percent. At the same time, ethereum's dominance has grown to 17 percent. New directions are also rapidly developing now. such as DeFi, NFT and others that take over the market capitalization. Therefore, the dominance of bitcoin is falling. We do not yet have experience of what will happen in this market if bitcoin loses its dominance. One I think that it will not be worse. It's still a decentralized market

[debra]

bitcoin is the highest caste of crypto and automatically many coins follow the price in the market. there are some coins that do not follow bitcoin but most of them follow the prices it. apart from that, the altcoin price can also depend on the quality of the project. if the project is good and successful automatically the coin price is also high. So I think altcoins and bitcoins will indeed to be related each other.

[Paglamon]

I continue to search the market to see when the price of Bitcoin goes down. When the price of Bitcoin goes down a little, the price of the market and other points go down. All the time I have to monitor the market. In fact, it is difficult to say where the market will go. However, I have always increased the level of investment on some coins to make some profit by trading. Which depends on the price fluctuations of BTC.

I think I've been immersed in research on a lot of coins to find out where the Bitcoin situation will go in the market. I think the list of investments should be long. At the same time Bitcoin is running towards an unknown mystery.

[leodiaz]

As far as I know, there are only a few altcoins that are still stable even though the BTC was down, it proves that most altcoins are indeed following the price of btc in the market where btc is the highest crypto coin and both will be related to each other. This is what makes the crypto market go up and down, so be careful of that

[Falcon]

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

I think you are right. However, the case is difficult to agree because once bitcoin dump all seems will dump too. If bitcoin increase, seems all will increase too. Bitcoin is the main player to change altcoins momentum whether up or down time. Maybe altcoins are just following Bitcoin flow as long as not altcoins season.

[Honor20]

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 discovere

[Freemind]

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 discovere

It is true that investors are putting their money in some altcoins, and they focus on a few, they do not invest as in previous years. But I also don't think that Bitcoin's dominance will diminish much or disappear. Bitcoin will always be the first investment currency in crypto, especially in investments with large amounts of money.

[Quart]

it has happened a long time ago, as we know that btc is the first coin and the highest coin in crypto so it is possible that altcoin will also follow its price, as there is a mutual bond in it. In fact, it is like that and that is what makes the crypto market go up and down. although there are some altcoins that remain stable I think most altcoins will follow the price of btc as the parent of crypto.

[Alcor]

The reason for this is the high level of bitcoin capitalization. As much capital has been invested in bitcoin as in almost all other cryptocurrencies. This enables Bitcoin to exercise price dominance in the cryptocurrency market.
This market position is unlikely to be permanent. Cryptocurrency is evolving rapidly, and therefore the dominant cryptocurrencies will change over time.