If you think about it the same way as gold being a peg for most other metals. gold goes up and so does silver.
Some times a commodity is strong enough to be a peg. I think Bitcoin is a peg for the whole crypto market.
Topic: All this Speculation is meaningless or please correct me - page 2. (Read 896 times)
How come i am able to build up more and more BTC by trading back and forth with altcoins? And speculation is fun, thats’s why we’re all on this forum.
No one here has a crystall ball, but it’s nice to read economical view points from users and laugh about stupid comments.
No one here has a crystall ball, but it’s nice to read economical view points from users and laugh about stupid comments.
Hi,
Whenever bitcoin goes up green the Alts follow the same.
Whenever bitcoin goes down red the Alts follow the same.
So lets say and speculate for example Ark will be releasing a new website on 30/10/17. Investors think price will go 10x for Ark however on that same date for example some idiot banker comes on tv and say bitcoin is a fraud knocking 35% of its value from bitcoin and knocking 70% value from Ark regardless of its new website.
The question is whats the point of all this speculation when Alts prices are tied to bitcoin prices? If bitcoin is not having a good time then whats the point of speculating on Alts or when will Alts prices become independant from bitcoin prices?
So for USDT Tether seems the only independent Alt
Whenever bitcoin goes up green the Alts follow the same.
Whenever bitcoin goes down red the Alts follow the same.
So lets say and speculate for example Ark will be releasing a new website on 30/10/17. Investors think price will go 10x for Ark however on that same date for example some idiot banker comes on tv and say bitcoin is a fraud knocking 35% of its value from bitcoin and knocking 70% value from Ark regardless of its new website.
The question is whats the point of all this speculation when Alts prices are tied to bitcoin prices? If bitcoin is not having a good time then whats the point of speculating on Alts or when will Alts prices become independant from bitcoin prices?
So for USDT Tether seems the only independent Alt
You wrote it like bitcoin and altcoins are directly related but this is wrong, not true. Sometimes, bitcoin goes up and altcoins decline because traders are getting on bitcoin train at that time.
Hi,
Whenever bitcoin goes up green the Alts follow the same.
Whenever bitcoin goes down red the Alts follow the same.
So lets say and speculate for example Ark will be releasing a new website on 30/10/17. Investors think price will go 10x for Ark however on that same date for example some idiot banker comes on tv and say bitcoin is a fraud knocking 35% of its value from bitcoin and knocking 70% value from Ark regardless of its new website.
The question is whats the point of all this speculation when Alts prices are tied to bitcoin prices? If bitcoin is not having a good time then whats the point of speculating on Alts or when will Alts prices become independant from bitcoin prices?
So for USDT Tether seems the only independent Alt
Whenever bitcoin goes up green the Alts follow the same.
Whenever bitcoin goes down red the Alts follow the same.
So lets say and speculate for example Ark will be releasing a new website on 30/10/17. Investors think price will go 10x for Ark however on that same date for example some idiot banker comes on tv and say bitcoin is a fraud knocking 35% of its value from bitcoin and knocking 70% value from Ark regardless of its new website.
The question is whats the point of all this speculation when Alts prices are tied to bitcoin prices? If bitcoin is not having a good time then whats the point of speculating on Alts or when will Alts prices become independant from bitcoin prices?
So for USDT Tether seems the only independent Alt
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