That is just a fact,the bitcoin value is usually tied to the fact that it was the first and pioneer coin which made lots of persons and recognition towards the coin to go high,but altcoin will be the alternative plan especially if you want to do lesser transfer transaction.
Yes when one have enough capital you can invest in so different coin so to make enough money for yourself, is really good for one to invest in so many ways so to make good profit from the business.
Following the surge in the value of bitcoin, which also had an impact on their pricing, the majority of well-known altcoins are doing quite well as of now. I would really like to see these coins grow exponentially and compete with bitcoin
This is a fact that most of the altcoins are related to Bitcoin, when Bitcoin goes up in price their prices also raise but when Bitcoin's price goes down all crypto's prices go down.
No cryptocurrency will likely be like bitcoins and up till now some cryptocurrency have not recovered back to its original price ever since we experience a bearish season.
That is just the reason , bitcoin seems to control other cryptocurrency in the crypto space. it is the father of all cryptocurrency and whenever it drops other crypto currency does not have an option than to slowly obey.
Cryptocurrency generally seems to be a decentralized blockchain technology meaning that it can't be controlled by anyone or organisation. Then why is other cryptocurrency obeying the movement of Bitcoin.
This is an astute observation. Bitcoin is a market leader when it comes to cryptocurrency in general, so at the moment when it is declining in price, the future for altcoins look bleak. However, we all know that crypto is extremely unpredictable.
Unpredictability is one of the powerful characteristics of cryptocurrency. A lot of people asset has depreciated much but at the same time to others this is the best time for their own investment.