Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Abubakar56 on May 28, 2021, 11:56:59 PM
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There is something that have being disturbing for a while now and am sure am not the only one thinking about it why is other altcoins always dumping whenever bitcoin is dumping and must of them don't really pump if bitcoin is pumping.
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Maybe because the market manipulators are trying to give the illusion of a bull market so that the masses which are the majority are small investors will bring their dumb money to the table. The truth is, the altcoins are not pumping because the money isn’t there.
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The dependence factor of altcoins on bitcoin is very high, so it is impossible for altcoins to move with the capabilities they have other than bitcoin's push. as long as this continues to happen then there will be no changes whatsoever to altcoin, only the ethereum class that has ever moved on its own finally submits to the situation and remains affected by bitcoin. let time decide later.
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Basically, all other cryptocurrency somehow depend on bitcoin. So, if bitcoin fall, you should expect a drop in altcoins too