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RE: Discussion: Why does the value of altcoins drop in relation to Bitcoin in a bear market
I have wondered about this too. Maybe people sell into BTC but also then sell a percentage of that BTC into cash, such that the buying of BTC is still less than the total amount being sold by BTC owners and altcoin owners going through BTC to sell into cash. I'll stop back and see if anyone else has any ideas!
Thanks for the response Kenny. Now most wanting cash would sell into Tether or TrueUSD which is also a crypto asset but backed by fiat.
It’s possible that the trading of altcoins to btc I state in the last paragraph will mean more people are buying btc than alts which will cause it to crash slower.