Worry not; altcoins will rise when BTC finds stability
It's a wonderful Tuesday morning and I hope we are all preparing for maximum participation in today's 2UP Tuesday.
I observed that many followers or holders of altcoins are complaining over the state of things in terms of low prices of many projects currently. They keep comparing the prices of these tokens with booming price of BTC.
With my little experience, I know it has never happened that prices of altcoins increase with increasing price of bitcoin. No. It doesn't happen like that. Bitcoin price moves in opposite direction to altcoin prices. That's to say bitcoin price increases with decreasing altcoin prices.
That's the pattern that has become consistently true over the years with respect to the prices of crypto assets. So know this: until bitcoin price finds stability, prices of altcoins will not increase.
Thanks for reading.