Bitcoin price movements (particularly the sudden ones) are often reflected in other currencies but it only takes a cursory price graph examination of various currencies to see that whatever 'pegging' there may be is rather weak. Speculation doesn't require a deep understanding of the asset being held. But investment, on the other hand...
They sure are.
isnt it better to just buy bitcoin since they are all pegged to it?
Bitcoin price movements (particularly the sudden ones) are often reflected in other currencies but it only takes a cursory price graph examination of various currencies to see that whatever 'pegging' there may be is rather weak. Speculation doesn't require a deep understanding of the asset being held. But investment, on the other hand...