altcoins are of course supporting bitcoin as well, thousands of dollars being invested in altcoin trading every day. which of course increase bitcoin price.
mostly you can't buy altcoins for other currency. you need to have bitcoins for buy altcoins. and this is how altcoin buy/sell and trade help bitcoin to grow up.
i don't think it has ever worked this way. it is actually working the other way around. it means some of the altcoins get hyped up when bitcoin price goes up and they just follow with no logical reason and rise themselves.
That is right. The ETC version of the Ethereum gets hyped a lot. The price of ETC could drop a lot soon.
i don't think that will happen soon .
now is the time for ethereum classic to be pumped to the top and pass the ethereum forked version.
although i agree that it is all hype and soon enough both of them will die and we get rid of them and all the spam with it once and forall, but for now enjoy the pump profit.
Some people think it is morally wrong for the Ethereum Classic or ETC to be pumped. So it might be dumped eventually.