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Author Topic: Educational: Bitcoin is technically independent from Altcoins  (Read 204 times)
AakZaki
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May 27, 2022, 03:36:13 PM
 #21

Bitcoin became the main reference, became the king of altcoins that would affect everything. However, there are some altcoins that are less affected by bitcoin when the bitcoin price crashes. The altcoin may be on FOMO or there may be some fundamentals that are helping to maintain its price.
But what is certain is that bitcoin is very influential on the price of altcoins.
wagmi (OP)
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June 05, 2022, 06:17:47 PM
Last edit: July 24, 2022, 11:39:12 AM by wagmi
 #22

However, there are some altcoins that are less affected by bitcoin when the bitcoin price crashes.
But it's only based on luck, impossible to predict.
High chance to get a loos when gambling by converting Sats to Altcoins.



I don't think I've ever heard anybody say bitcoin depends on altcoins!!! In fact everyone knows the other way is correct meaning altcoins depends on bitcoin.

It was caused by a single, very risky ALTCOIN,
Wrong.
Bitcoin price fell a lot before this shitcoin shenanigans even reached the news. In fact the drop that Luna's dump caused in bitcoin was very tiny.
It is not wrong, Terra Luna caused a huge drop of almost 10k USD, Sir
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