Bitcoin really affects all other cryptocurrencies. Bitcoin is the main one here, and altcoins just follow it.

As you understand, there is no point in holding a bunch of coins, you only need bitcoin 

I have also considered that holding Bitcoin is actually more than enough because other cryptocurrencies are also not necessarily better than Bitcoin so for now I am no longer so concerned with altcoins although apart from Bitcoin I still hold stablecoins to maintain the value of my assets when I haven't used them to spend any other asset I want. I mean, for now I'm just more concerned with Bitcoin and not giving so much headache to altcoins or anything other than Bitcoin, (except stablecoins).

Bitcoin is the key points of the crypto world, but USDT is just a stable coin and as such you will not get the same performance as if you invested in bitcoin or ethereum, The value of altcoins is highly correlated with the
 increase/decrease of Bitcoin. USDT is a stable coin and the price is supposedly pegged to the US dollar so even if there is an increase or decrease in bitcoin price, it doesn’t affect the value of USDT like that. And but it all depends on each coin they follow is still bitcoin.USDT coin is stable. The price of bitcoin is high then the price of ETH as well as other altcoins will also rise, even more exponentially than bitcoin, and vice versa.

I agree with you that Bitcoin has a significant impact on the entire crypto market. So When Bitcoin's price increases, many investors and traders may shift their focus to Bitcoin which can lead to a decrease in trading volume and demand for altcoins. As a result, the prices of altcoins can decrease.

On the other hand, when Bitcoin's price decreases, some investors may view altcoins as a potentially more profitable investment and may shift their focus from Bitcoin to altcoins. This increase in demand for altcoins can lead to an increase in their prices.

It's important to say that different altcoins can be impacted to varying degrees by Bitcoin's price movements. Some altcoins may be more closely correlated with Bitcoin due to similarities in technology, while others may have their own unique factors and couldn't be affected by bitcoin's movement.

I think it impacts each other and I talked about this before. I know that people think when bitcoin goes down the altcoins goes down as well or when bitcoin goes up then altcoins go up as well, millions and millions of people trust that is the true thing but the reality is that we are not going to end up with that at all.

I think it is possible that we are going to end with them all moving together, they all go up together and go down together. Where can we understand this? We can look at the price and check the drops at the same time, if you could have two screens checking the price you will see that there are moments when people sell their bitcoin to drop the price, they are also selling their ethereum as well, or any other coin.

Literally every other cryptocurrency follows the price trajectory of bitcoin. We still see 4 year halving cycles with bitcoin from bear to bull & repeat. Pretty much every other coin follows bitcoin, it’s probably because there are so many BTC pairings on exchanges. People try to duck & dive in & out of bitcoin to take advantage of alt swings. It’s going to be a while before bitcoin stops controlling the oath other coins take.

Well said, generally speaking I agree with this statement. For example when Bitcoin is declining in value, altcoins generally do a lot worse. Likewise when it is increasing altcoins generally do a bit better.


There is generally no point unless you trading/speculating short-term. For example in early 2021 there was a good opportunity to accumulate more satoshis during a 3-5 month period when numerous altcoins were outperforming Bitcoin by up to 10x, even 100x for some. But otherwise long-term 99.99% of these altcoins aren't able to keep up with Bitcoin. There are a few exceptions that continue to do so, but they are a minority and still within their first 4-6 years of existence, so it's very much unproven whether any altcoins at all will outperform Bitcoin over a 10 year+ period.

I don't think that crypto markets are independent, there is definitely a high correlation between bitcoin and all the other crypto coins. The only difference I would say is that bitcoins are the driving force here. On one side you have bitcoin and maybe Ethereum and on the other side all the alt coins. A big shift in the alt coin market will lead to a price change of BTC and ETH, and vice versa. The connection that all these crypto coins share are the same type of investors. Someone who holds alt coins is very likely to hold bitcoins as well. And when the investors start selling one coin there is a high chance they will sell their other coins as well. For most investors crypto currencies is only a part of their portfolio and there is always reshuffling going on depending on the news and future outlooks.

Not most of the time, there are some altcoin that continues to go up even when bitcoin is going down during altseason but yes I can agree that the impact of bitcoin is strong given that the down times can be an indicator for altseason.