Why Altcoins are related to BTC? Is this tendency over?

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Why Altcoins are related to BTC? Is this tendency over?

First thing first. 5 years ago I made a mistake. When I approached this world and read about some projects, I didn’t choose bitcoin. I thought and I think it’s an obsolete blockchain. My mistake was that I couldn’t see it as a store of value.

For that reason I built a small long term portfolio with my internship’s earnings based on ETH, SOL, DOT mainly and 2 more ones. Obviously I’m not rich now. Observing the market during these years I have noticed that when BTC drops, all the altcoins do the same; and vice versa.

If we see ETH, SOL, DOT as blockchains more efficient than BTC one, why their prices are still related to BTC?

Trevor Moraes Answered question November 18, 2024
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When BTC goes up, people sell/convert their other crypto to get more BTC.

Everything flows into BTC.

Geek LK Answered question November 18, 2024
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