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Why alts coins dump with BTC dump? Here is full detail . The relationship between altcoins and Bitcoin in terms of their price movements is quite interesting. Normally, when the value of Bitcoin goes up so do #altcoins altcoins or fiat currencies. It is comparable to when some currencies were tied to gold. However, it is not always as straightforward as that. Sometimes, altcoins take part in their own independent activities without paying attention to whether Bitcoin is on an uptrend or downtrend. This could happen when big players named “whales” inject their funds into certain types of altcoin and thus give these digital coins some sort of immunity to what might befall Bitcoin. Yet if the value of #BTC drops, it can hurt the value of altcoins significantly. A slight decrease in Bitcoin’s value can cause an uproar among regular investors thereby leading to mass sell-offs in altcoins. Additionally, whales might transfer their money into Bitcoin so as to prevent losses which will result in a further drop in the price of the altcoins. General compliance is the most essential thing that everyone should bear in mind when it comes to #Cryptocurrencies . Observing cryptocurrencies does not confine to the scope of Bitcoin only- it also covers monitoring what’s going on with altcoins and how their investors are feeling about them. Please Like and share this post. Comment if you have any question or suggestion. Follow if you do not followed yet. Note: #MU_Traders is not a financial advisor so #dyor when investing .

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