If you look at 2016 and early 2017 you will see that the money flowing out of Bitcoin makes Ethereum and XRP rocket in price. Money will flow into high caps first then down the ladder until all prices are corrected. At the moment Ethereum and XRP are still below their all time highs.
AlanSantana
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@Goldisking, This type we had a different type of growth... It was fueled by "solid" money rather than FOMO.
The market is behaving differently.
Aphaynes
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Why to people talk about individual coins like Etherium going up or down? They all go up and down at the same time. there are small fluctuations between them but if Bitcoin is 20k, they are all up, if bitcoin is 5000 they are all down. its that simple and always will be until people give up on it entirely in a few years
hosfordjaredqc
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@Aphaynes, . yes, alts are correlated to bitcoin, although price action is different. Compare a few alt charts. They're not the same. Bitcoin may move a little, sending ripples throughout the market yet each asset will have different pivot points. Also, if Bitcoin consolidates, alts will often do their own thing. Support levels are different, so if Bitcoin dips it may trigger selloffs, although targets for short positions will vary depending on each alt's support levels / previous price action.