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Author Topic: Why do altcoins follow bitcoin?  (Read 771 times)
kenel
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Today at 03:55:41 PM
 #241

bitcoin attracts attention and makes it clear that he is a reliable asset. but those who want to buy cheap altcoin for the more expensive bitcoin-carry away the movement of these coins up, because they have already formed oversold


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billarerghomes
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Today at 04:24:54 PM
 #242

Bitcoin is a milestone for altcoin. if the price of bitcoin drop then the price of other cryptocurrency will also decrease. I think it's a natural thing that can happen anytime. price decreases and also rises in the world of cryptocurrency
ghost14k
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Today at 04:42:18 PM
 #243

I really can't give the whole technical details behind it but what I I know is this, Bitcoin is the first cryptocurrency and already been attached a higher value than any altcoins in the market. All altcoins have bitcoin pairs to trade with. This simply means that altcoins are all dependent on Bitcoin whether they want it or not. So when you observe the market you will notice that alts depends on Bitcoin a lot and follow it when it moves.

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