It's seen that Bitcoin decide the fate of altcoins.

[TheUltraElite]

The trading ecosystem is such that it needs your patience. There will be times when bitcoin is going down and you have to buy and times when you wait it out. This needs a goos amount of patience to get through.

Altcoins are going to be more volatile and more risky. Most people end up getting washed away by them. The rare few who make money but I still doubt how much they actually made.

Better to stick with bitcoi and wait for altcoin season to come.

[Gost ms]

You have made a beautiful point between Bitcoin and Altcoins. Many newbies do not understand that Bitcoin investment is the best for them. Bitcoin is the king of all cryptocurrencies. It is never right to compare anyone's Bitcoin with any other coin. When there is a fall in the market, if the price of Bitcoin decreases by 1%, then the price of all other cryptocurrencies decreases by more than 10% and some coins decrease by 50%. Bitcoin is better than all coins in terms of security. When you look at all aspects, Bitcoin is the best of all. Many people first step towards Altcoins due to which they lose all their money. Never think of investing in all these Altcoins. Always invest in Bitcoin and have a long term

Invest in Bitcoin for a long term like keep the investment time frame of 8 to 10 years. You don't need much to invest, just basic knowledge about Bitcoin and a discretionary income to start investing. If you don't have a discretionary income, first find a source of income so that you can consistently maintain your investment. So far, Bitcoin is the only coin that has been the most profitable for long-term investment since its inception.

[Dr.Bitcoin_Strange]

You wouldn't know because you are just new to the space, if you were an old experienced Bitcoiner, you would understand by now that Bitcoin is often referred as the father of all crypto because during bull season for Bitcoin, as the price surges, some other projects uses that avenue to pump and dump their tokens.

Yes, he need to research for more to find the answer. Bitcoin is the leader of cryptocurrency so altcoin will follow behind Bitcoin. When Bitcoin increase, altcoin follow increases but when Bitcoin is down, altcoin following to go down.

But when Bitcoin is down, many altcoin can not resist their price to go down a lot and not easy for them to increase back. Maybe only some small altcoin list that can increase but that will need time before that is happen.

I have also been like OP before when I usually wonder about the reason why altcoins normally fall when Bitcoin price dip too but know I know better, for a coin that stands out like Bitcoin which have the largest market cap among other coins, what else do we expect? Most investors have that panic sell to start selling their coins when they see Bitcoin falling because they know that it will also affect the price of those altcoins.

[purple_sparkles]

You wouldn't know because you are just new to the space, if you were an old experienced Bitcoiner, you would understand by now that Bitcoin is often referred as the father of all crypto because during bull season for Bitcoin, as the price surges, some other projects uses that avenue to pump and dump their tokens.

Yes, he need to research for more to find the answer. Bitcoin is the leader of cryptocurrency so altcoin will follow behind Bitcoin. When Bitcoin increase, altcoin follow increases but when Bitcoin is down, altcoin following to go down.

But when Bitcoin is down, many altcoin can not resist their price to go down a lot and not easy for them to increase back. Maybe only some small altcoin list that can increase but that will need time before that is happen.

I have also been like OP before when I usually wonder about the reason why altcoins normally fall when Bitcoin price dip too but know I know better, for a coin that stands out like Bitcoin which have the largest market cap among other coins, what else do we expect? Most investors have that panic sell to start selling their coins when they see Bitcoin falling because they know that it will also affect the price of those altcoins.

The situation with altcoins is still very unclear to me. Personally, I haven’t been able to identify any coins I truly believe in. I’ve never had that experience where I invested in a coin and it exploded by x100 or even x10, even though I constantly follow the news, and try to buy or earn coins that seem promising to me. But I really hope I’ll manage to "hack" the system and eventually find my own super coin. As for Bitcoin, now is probably not the best time to accumulate it. It’s better to wait, since the price is currently high.

[DeathAngel]

Bitcoin always decides the fate of Altcoins because the only reason Altcoins exist is because of Bitcoin. Altcoins always follow the direction that Bitcoin goes. It leads the way & always has. You can actually position yourself to profit from both if you know what you’re doing & can follow Bitcoin Dominance charts.

[Marvell1]

The rare few who make money but I still doubt how much they actually made.

What do you doubt? I don't know if you invested in altcoins in previous cycles, but as someone who invested in altcoins and made significant profits. I can assure you that making big profits from altcoins is real and many people have done it, not just a few. Many of my friends have left the market after making significant profits from altcoins, shitcoins from previous cycles.

But what you say is probably true in this cycle as I have not seen anyone around me making profit from altcoins, including my altcoin investment. This cycle has been brutal for altcoin investors and perhaps a lesson for those without bitcoin in their portfolios.

[irhact]

The situation with altcoins is still very unclear to me. Personally, I haven’t been able to identify any coins I truly believe in. I’ve never had that experience where I invested in a coin and it exploded by x100 or even x10, even though I constantly follow the news, and try to buy or earn coins that seem promising to me. But I really hope I’ll manage to "hack" the system and eventually find my own super coin. As for Bitcoin, now is probably not the best time to accumulate it. It’s better to wait, since the price is currently high.

Most of the news of people making 100x of gains from altcoins after investing into it are lies. There are real stories but alot of it being spread on social media are fakers looking for people that'll believe them and follow them to stay updated with trending altcoins to invest in. After they have gotten lots of followers, they'll then use their influence to promote and pump any random undervalued cryptocurrency to get quick profits. Bitcoin is the only coin that can decide how the market is going to be because when Bitcoin is pumping, other cryptocurrency will benefit from this as news begin to spread and more investors enter the market.

[Mehmet69]

The situation with altcoins is still very unclear to me. Personally, I haven’t been able to identify any coins I truly believe in. I’ve never had that experience where I invested in a coin and it exploded by x100 or even x10, even though I constantly follow the news, and try to buy or earn coins that seem promising to me. But I really hope I’ll manage to "hack" the system and eventually find my own super coin. As for Bitcoin, now is probably not the best time to accumulate it. It’s better to wait, since the price is currently high.

Most of the news of people making 100x of gains from altcoins after investing into it are lies. There are real stories but alot of it being spread on social media are fakers looking for people that'll believe them and follow them to stay updated with trending altcoins to invest in. After they have gotten lots of followers, they'll then use their influence to promote and pump any random undervalued cryptocurrency to get quick profits. Bitcoin is the only coin that can decide how the market is going to be because when Bitcoin is pumping, other cryptocurrency will benefit from this as news begin to spread and more investors enter the market.

Yes, you are right. Most of what is promoted on social media is fake. They do this to gain followers on their social media platforms. They confuse people with any currency of their choice, the name of which we have never heard of. Again, we often see that many new currencies increase by 100%, 200%, 500% after their launch. We see this again and hear on social media that new currencies will be launched. We keep trading again and again because we see with our own eyes and new currencies come. If we trade in it, then in a very short time we will make profit. But later we find that we have come to know about fake currencies. In this we have wasted both our money and time.

But if we invest our money and time in Bitcoin, the king of cryptocurrencies, then we will never lose. Bitcoin is the face of the cryptocurrency world. When the price of Bitcoin decreases, the price of all cryptocurrencies decreases. Again, when the price of Bitcoin increases, the price of all other currencies increases. I am not saying that any currency is bad. But we need to stop this trend of jumping into new currencies after hearing about them on social media.

So first invest in Bitcoin for the long term and then try your luck in other currencies.

[Abiky]

Most of the news of people making 100x of gains from altcoins after investing into it are lies. There are real stories but alot of it being spread on social media are fakers looking for people that'll believe them and follow them to stay updated with trending altcoins to invest in. After they have gotten lots of followers, they'll then use their influence to promote and pump any random undervalued cryptocurrency to get quick profits. Bitcoin is the only coin that can decide how the market is going to be because when Bitcoin is pumping, other cryptocurrency will benefit from this as news begin to spread and more investors enter the market.

Exactly. There's is no proven method to multiply your money overnight with altcoins. Especially now that most altcoins are far below their last-recorded ATHs. Even ETH is struggling to get back towards $4.8k. I know it's possible to make money during the ups and downs (volatility), but the risk of loss is simply too high to bear. BTC is a much safer option. Once it "pumps", altcoins will follow suit. The opposite happens once Bitcoin turns bearish. It's the one coin that's used as a reserve asset on the market.

Obviously, altcoins heavily depend on BTC to survive. You and I know that secret, but most noobs don't. Everyone wants to make money without having to deal with the negative effects of volatility. Only those who're smart, will be able to profit off the craze in the long run. Just diversify your investment, and there should be nothing to worry about.

[CamilaStar]

Actually Bitcoin price often influence altcoin price. When the Bitcoin drops, it affects most altcoin. there's a season where altcoin do extremely well even when Bitcoin is stagnant or declining. This periods are usually fueled by rising interest in some parts of the crypto market. Some of this sectors are NFTs,Defi and the rest of them. That's why this periods are usually documented because they are very important and rear. Investors spend their money during this season to buying altcoins hoping for higher interest. due to Bitcoins dominance in the market I think it's wise to hold both Bitcoin and some promising altcoins that will do well.

[Swordsoffreedom]

Most of the news of people making 100x of gains from altcoins after investing into it are lies. There are real stories but alot of it being spread on social media are fakers looking for people that'll believe them and follow them to stay updated with trending altcoins to invest in. After they have gotten lots of followers, they'll then use their influence to promote and pump any random undervalued cryptocurrency to get quick profits.

More precisely, those who make 100x returns on altcoins are people in that project, be it the developers or their family members. But it must also be admitted that in the previous 2 cycles, many altcoins did that and many investors made huge profits. Most of the altcoins with billion dollar capitalizations like ETH, Sol or Doge, shiba...are projects that were only worth a few million to a few hundred million dollars many years ago. That means they also increase 100 or 1000 times.

But this is probably no longer true in the current market as the number of altcoin projects has increased to millions of projects, pushing the price of an altcoin to x100 or x1000 will no longer be easy.

[Abiky]

More precisely, those who make 100x returns on altcoins are people in that project, be it the developers or their family members. But it must also be admitted that in the previous 2 cycles, many altcoins did that and many investors made huge profits. Most of the altcoins with billion dollar capitalizations like ETH, Sol or Doge, shiba...are projects that were only worth a few million to a few hundred million dollars many years ago. That means they also increase 100 or 1000 times.

But this is probably no longer true in the current market as the number of altcoin projects has increased to millions of projects, pushing the price of an altcoin to x100 or x1000 will no longer be easy.

We also have to keep in mind that crypto is now more mainstream than it was before. The market is too saturated these days with so many "meme" coins and ordinary "shitcoins". Therefore, odds of a huge "pump" occurring soon would be slim. Everyone is on-board and wants to make money fast. The only option we have is to wait until Bitcoin goes to the moon, to sell altcoins for profit. That's if you're aiming for 100x - 1000x gains.

You'll be surprised by how the crypto market behaves within such a short amount of time. It's part of the volatile and unpredictable nature of Bitcoin and altcoins. Just remember to never invest more than what you can't afford to lose, and there should be nothing to worry about.

[_BlackStar]

-snip-

We also have to keep in mind that crypto is now more mainstream than it was before. The market is too saturated these days with so many "meme" coins and ordinary "shitcoins". Therefore, odds of a huge "pump" occurring soon would be slim. Everyone is on-board and wants to make money fast. The only option we have is to wait until Bitcoin goes to the moon, to sell altcoins for profit. That's if you're aiming for 100x - 1000x gains.

You'll be surprised by how the crypto market behaves within such a short amount of time. It's part of the volatile and unpredictable nature of Bitcoin and altcoins. Just remember to never invest more than what you can't afford to lose, and there should be nothing to worry about.

Indeed, I agree with your assumption; it's a reality in the market. Many altcoins haven't hit new ATH yet, while Bitcoin has already hit new ATH several times, including today. The market has changed so much that it's becoming increasingly unpredictable - even the long-awaited altcoin season hasn't arrived yet. Many people expected the altcoin season to come along with a new ATH for bitcoin - but that didn't happen and they're still hoping.

[TheUltraElite]

What do you doubt? I don't know if you invested in altcoins in previous cycles, but as someone who invested in altcoins and made significant profits.

Previous cycles or "altcoin seasons" as some like to call it, indeed have been profitable. But some investors did not have the proper approach and ended up buying these altcoins for the long term, which is like a sure loss.

I can assure you that making big profits from altcoins is real and many people have done it, not just a few. Many of my friends have left the market after making significant profits from altcoins, shitcoins from previous cycles.

Of course some people have done it. But this needs some level of cunningness to know when to sell before dropping to the lows. It is not for every trader out there. Only the few who sell at the top will profit.

But what you say is probably true in this cycle as I have not seen anyone around me making profit from altcoins, including my altcoin investment. This cycle has been brutal for altcoin investors and perhaps a lesson for those without bitcoin in their portfolios.

Yes I hope they understand that bitcoin is needed in their folio to keep some amount of good quality assets in hand.

[cr1776]

Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.

https://www.coingecko.com/en/coins/bitcoin

Just avoid the alts and buy bitcoin for security etc.  There are so many scams out there, just buy and hold.

[Wakate]

The trading ecosystem is such that it needs your patience. There will be times when bitcoin is going down and you have to buy and times when you wait it out. This needs a goos amount of patience to get through.

Altcoins are going to be more volatile and more risky. Most people end up getting washed away by them. The rare few who make money but I still doubt how much they actually made.

Better to stick with bitcoi and wait for altcoin season to come.

I have been seeing so many speculations about the altcoin season and many are saying we are already in the season which is why the price of Ethereum and other altcoins are skyrocketing. Well if that is so, anybody buying altcoins should be careful because I don't know why people will start buying tokens that are already at the bull run.
Bitcoin should be the ultimate here since it has much influence in the market compared to any other cryptocurrency. Buying and holding Bitcoin will make us profitable with less risk compared to accumulating altcoins that could become rug pulled any time.