In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them
* Bitcoin dominance Increases when more and more people buy and simply hold BTC.
* Bitcoin dominance decreases when more and more people sell BTC.
So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.
I think the price of altcoins follows the movement of its parent coin, namelyBitcoin. But in some cases, not all Altcoins move in harmony with Bitcoin, there are some Altcoins when Bitcoin goes down, they instead increase in price. We have to analyze with various data around, and not just with one data.