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.