if bitcoin retraces now soon what will happen to alts? will they fall with it or will they rise how will it play out?
For me bitcoin and altcoins is unpredictabe because as far as we know the people who buy bitcoin is anonymous and the number of people who buy and sell is unknown therefore you must know the rising of bitcoin and altcoin is unknown as will, also if your curious when you buy bitcoin in a low price and saw an altcoin high because that the number of people who are interested in that specific altcoin.
Actually, now the price of some good altcoin also increasing . So in long term ,their is a possibility of replacement of altcoin to bitcoin. Eventhough the price of altcoin is far away from bitcoin. The steady raise in the price of altcoin over a long period will replace the bitcoin. Hold your altcoin to get huge profit from it.
Of course, the prices of altcoins are increasing, but in case, when the price of Bitcoin starts increasing again the prices altcoins are going down. In the short term, it is impossible for attacking holders to make profits. Yes, the steady price will help the altcoins to get huge profits in the long term.
on my point of view this answer is wrong being connected to bitcoin that goes high and altcoin goes low and vice versa. this are the possible connection of bitcoin and altcoin that I will simplify that I all way here that for me is proven right.(also to those people who are longer than in please do correct me those who are veteran here I will believe but for now here is my consideration.
1. when bitcoin rises altcoin will do BUT NOT ALL BECAUSE LIKE I said altcoin have different buyers.
not when bitcoin rises altcoin will go to the rocks.
2. when bitcoin goes down it will definitely effect altcoin but not but still bitcoin value leaves its mark.