Why is that altcoins are not independent on their own?

[MrSpasybo]

We must accept that in the crypto world, Bitcoin is still king and leads the general trend of the market.
We can consider a number of cases:
+ The price of BTC rises sharply: new investors will be attracted and focus on BTC, other investors will sell altcoins to buy BTC, so the capitalization for altcoins does not increase, the price of altcoins will not increase much. ;
+ BTC price has gone high & stable: attention will be on altcoins, altcoins price & capitalization will go up, this is called altcoins season;
+ The price of BTC plummeted: the market lost confidence, the index of fear increased, investors simultaneously sold crypto to protect profits.

As such, the altcoins community is always expecting BTC price to stay high & sideways for as long as possible

[tonymillions84]

My humble opinion is that if you watch or observed the crypto market, you will discovered that there is a method of cash inflow to the crypto market. it is a cycle. many has discovered it. Money flows in tru btc and then when people sell off. they push the money gotten from BTC to altcoins with huge marketcap and then move down to altcoins with medium marketcap and lastly to new projects that got listed.

[GREENch85]

The relationship between altcoins and bitcoin is getting weaker and weaker every year. Perhaps another couple of years and altcoins will finally distance themselves from bitcoin, at least this will happen with those of them that are backed by technology.

[Alcor]

The relationship between altcoins and bitcoin is getting weaker and weaker every year. Perhaps another couple of years and altcoins will finally distance themselves from bitcoin, at least this will happen with those of them that are backed by technology.

I also hope so, because bitcoin's rigid price dominance prevents altcoins from developing fully. However, it is believed that this dominance is inextricably linked to the high level of capitalization of bitcoin. High capitalization, in turn, depends on the ability of bitcoin as a whole to constantly grow in value. Therefore, as soon as Bitcoin ever stops growing in value, which will happen anyway, the chain will be broken and altcoins will be freed from the dominance of Bitcoin.

[Alter]

What do you mean by independent? I don't think that any crypto coins can be independent, including stable coins. They are connected to one and another, if there is an improvement or decrease in price, then other coins will respond to it. The crypto market is decentralized, that's why it is very volatile and unstable.

[Gubre]

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.

Well,  it is what it is!  The volatile is the very thing we can say as the main reason but of course man is the mover of this scenario regardless of what trend is in the market.

[Doctor]

What do you mean by independent? I don't think that any crypto coins can be independent, including stable coins. They are connected to one and another, if there is an improvement or decrease in price, then other coins will respond to it. The crypto market is decentralized, that's why it is very volatile and unstable.

I think I agree with you, crypto currencies are decentralized system, So They are very volatile and unstable..I don't think about stable coin, because I get profit from price gaps. Crypto currency is dependent on demand and supply

[tervel]

Any cryptocurrency value depends from the  progress . The indicators of the project development, largely contributing to the positive sentiment around the project affect the value of its cryptocurrency.

[Mas Bro]

It is true, the price of Bitcoin is very influential on all altcoin prices because Bitcoin is the most popular coin, you could say Bitcoin is the parent of all cryptocurrency coins, so it greatly affects the ups and downs price of all altcoins. If the price of Bitcoin goes up, there must be many investors who are more interested in investing in Bitcoin, because they believe they will make a lot of money. Automatically, the price of altcoins will decrease because there are many less demand.

[Arendra]

Because in my opinion, to be able to own or make altcoins yourself requires very careful preparation and costs are not small, you have to get a lot of support from investors, it's no wonder there are still many who have not been able to make their own altcoins.

[jonathancool220]

According to my experience so far, the price of cryptocurrency depends on Bitcoin.
Bitcoin is the King of all altcoins and all those altcoins are afraid of Bitcoin.
When Bitcoin price turns red then all altcoins are red aka Dump and if Bitcoin changes color to green then the altcoins turn green.

[Sentinel]

Because these altcoins come from project developers, where there are many investors in altcoins, it will be difficult to implement to make them stand alone. because it must always get support from that party.

[Senin]

In my opinion, it is no secret to anyone that the price dominance of bitcoin over altcoins is ensured by its high level of capitalization in this market. The percentage of bitcoin capitalization will decrease, then it will not be able to influence the price of altcoins. However, even now it can be observed that many cryptocurrencies that appeared on the market relatively recently did not fall in price during this last correction, but, on the contrary, showed growth by many tens of percent per day. I don't know what this trend is, but I like it. Personally, I am pretty tired of the dictates of bitcoin in this decentralized market.

[trauchot]

I have been observing the cryptocurrency market for a long time and it usually happens that if bitcoin starts to rise in price, then altcoins also start to rise in price, just as if bitcoin falls in price, then altcoins start to fall, as usually altcoins copy every bitcoin movements, of course, there are exceptions when altcoins themselves either rise or fall, and this also applies to bitcoin.

[Ghozrd]

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.

It will be very difficult and it will take a long time to see the dominance of Bitcoin drop from the crypto market, when altcoins are not paired with Bitcoin, they will be paired with USDT.
But what we see is, all the altcoins have a different percentage drop in price as the number of requests decreases, Bitcoin will always dominate the crypto market because Bitcoin has a large number of communities from 2009.