Hello i would like to ask if there's effect for the altcoin if the price of bitcoin is increasing?
If the price of bitcoin is increase altcoin price should be decrease?
What do you think guys?
Depends on the people holding the Alt coins, if they value BTC or Fiat more they sell to take advantage of the increase.
(If mostly traders own the coin , it will follow the path that earns them the most fiat.)If they value the Alt more , they hold and their $ price will increase even if the BTC value stay constant.
Also PoW coins their is little point to holding them as it gains you nothing.
Proof of Stake coins however, the more you sell the less you can make in the future.
(It would be like a PoW miner selling his asics.)