Bitcoin and the Alts

[Red-Apple]

It is observed that altcoin prices are depended on Bitcoin's price. What are the reasons why? Is it always like this?

i have stopped looking for any reasons for this dependency a long time ago. i have some weird theories and you can see a lot of them here in this topic among the answers but for the important thing is knowing this dependency and know that it will cause a trend like that.

for example if bitcoin is dropping or rising i pull out of altcoins immediately, so it always helps me prevent big losses.

[h0lybyte]

The price of altcoins was always judged as depended on bitcoin's price but no, that wasn't basically the right explanation how altcoins works.
If we analyse altcoins far in, all altcoins have their own market apart from bitcoin and their market can be observed still on a strong position.
Certainly, altcoins have no relation to bitcoin when it comes to price but sometes people can down the price deliberately by making sense over false news

[Naficopa]

It is observed that altcoin prices are depended on Bitcoin's price. What are the reasons why? Is it always like this?

Currency prices on the market are dependent on each other. Currency pairs are created, which is traded. In addition, current BTC prices are converted into USD, which also affects the entire altcoins market.

[hinpoc.hin]

bitcoin is affect the other altcoin because altcoins is circulate around the bitcoin.
bitcoin is the first cryptocurrency in the market, so it is affecting other altcoins indirectly

[TeraBitHoven]

Because altcoins are paired to bitcoin in exchanges aside from their own market value. Altcoins originated after bitcoin. That's why bitcoin becomes the reference for altcoin prices and investors tends to shift between altcoin and bitcoin causing ups and downs on its value.