This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.
This is the scenario when btc up the alts will also goes up. This is normal cycle of crypto that we may see in up and down price. So not always the worst thing happen when btc goes down because for some this is the opportunity to accumulate at this condition of the market. It’s our choice to decide what to do when market is not in a good condition. Which I don't think and still wondering why people don't understand this concept of crypto, they still in panic all the time that the price of Bitcoin was dropping, they keep asking the community or their friends or here in forum if it's time to sell, is it bullish time and many more, they don't understand what crypto market really is, they just after profit, they wanted to have profit everyday which is impossible.
Well that concept is fairly straight forward isn't it, but it's not that easy for the majority because they are chasing profits. And besides this is a free market and everyone can do their thing without affecting others.
So they made their constant decision to sell and dump and panic, and that's normal I guess. But there are smart investors who are laughing their ass out when they see some btc or alt dumps because they know they can buy cheap coins again.
