altcoin prices?

[adzino]

Several reasons. Prices of altcoin (i am not talking about top altcoins) never goes higher in the shortrun unless there is an even that is taking place which benefits the crypto market. The event encourages the price to rise since people starts to invest on different altcoin as much as possible. Now, the main reason why altcoin price drops when the price of bitcoin rises is because, people sell off their altcoin to get those bitcoin. Thus dumping of altcoins causes the price to fall and buying those bitcoin causes the price of bitcoin to rise.

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[deepcryptomine]

I still have my altcoins investment but haven't invested in anything. I think it will go down more and I can wait a little.

[the1arty]

So bitcoin just keeps going up and down and still not reaching much lower than 6k but everytime these surges with bitcoin happen alt prices keep taking a dive. Even though it seems like when bitcoin takes a dive alts take a dive when btc raises alts take a dive.

Does anyone know why this keeps happening like this usually once money comes out of btc it goes back into the alts and the price raises again but it does not seem to happen like that now. I have lost a lot more % in alts than if I were to just hold btc.

Looking for opinions and suggestions on this subject?

Altcoins been dumped a lot, and bitcoin dominance is more than 50%. However, today market represents well, alts growing more than btc, but they drop heavier also. Still many alts have a bright future, surely most of them will go nowhere and stronger projects will replace them, surely most of them are not on the CMC yet.

[pekingcoepo]

I'm also confused about what happens to some big altcoins with a very sharp decline now, because as you say a little down with Bitcoin is like 5%, then altcoin can drop by 15% then if Bitcoin still continues to decrease by 2% then altcoin still experiencing a decline, we see prices in January and comparing prices with current prices so far the difference is whether we have to keep holding BTC rather than having to hold the altcoin whose prices are always decreasing.