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Author Topic: Why do Altcoins not gain when BTC lose ground ?  (Read 1003 times)
hase0278
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July 26, 2017, 10:56:20 AM
 #21

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That`s it..

BTC is still trend and fashion dominant..
It is not just because of it. In the past when bitcoin pump, altcoin dump and vice versa. when you look at it now, some altcoins follow the same trend or movement with btc, but not all and I think it is because investors mainly want out of an altcoin when btc dumps, before that particular altcoin dumps, causing a chain of sell with other traders or holders wanting to do the same. It is not because of bitcoin price becoming the flag of crypto currency market but I agree in the part that it represents the investor's faith in the market.
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