#USBitcoinReserves

Heyyyy the market has been going down and down which has made me panic a few times, but several users have strongly advised me to be patient.

But before this advice, I had seen many people posting that: Bitcoin is the basis of all currencies on the market.

Is that true?

Not exactly. Although Bitcoin is the first and most well-known cryptocurrency, it is not the basis of all cryptocurrencies on the market.

Bitcoin is a decentralized cryptocurrency that uses a technology called blockchain to record transactions and manage the issuance of new units. Other cryptocurrencies, such as Ethereum, Litecoin, and Monero, also use similar blockchain technologies, but with some key differences.

Some cryptocurrencies are based on the Bitcoin source code, but with significant modifications. These are called "forks" of Bitcoin. Examples of Bitcoin forks include Bitcoin Cash and Bitcoin SV.

However, other cryptocurrencies, such as Ethereum, have their own architectures and protocols, and are not based on Bitcoin's source code.

This is why some coins do not go down when Bitcoin drops in price.

In short, although Bitcoin is an influential and pioneering cryptocurrency, it is not the foundation for all cryptocurrencies on the market. Each cryptocurrency has its own unique architecture and protocols.