Topic: Alt Coins (Read 406 times)
Yes,they somehow are linked to btc and if btc goes down most of them do as well.But there is a lot of pump and dump and quite a lot of other factors which influence this kind of connection.
It's because their value is pegged to BTC, and also when BTC suddenly rises, people jump on the next best thing and start panic buying and selling etc.
Yes,some of the coins seem reliable,having good support and so on,while other ones don't.So some of them will go up,the others won't.We will see this and the outcome.
I somewhat believe in the "protocol" coins (xrp, nxt, msc).
They have the biggest chance to be independent on BTC cause they plan to create the marketplace for crypto, fiat and other stuff at the same place.
Besides, they are wery jung and time will time in a year or so what they will look like in their adulthood.
They have the biggest chance to be independent on BTC cause they plan to create the marketplace for crypto, fiat and other stuff at the same place.
Besides, they are wery jung and time will time in a year or so what they will look like in their adulthood.
@Hanrules It's probably a nice theory because their values may always fall and rise with Bitcoins also.
Yes,they somehow are linked to btc and if btc goes down most of them do as well.But there is a lot of pump and dump and quite a lot of other factors which influence this kind of connection.
Will alt coins ever have value on their own, or will their value always rise and fall with bitcoin?
I'm guessing alot of people are only trading most alt coins for other coins and into BTC so will be linked.
Some of the bigger coins that have exchanges allowing straight to Fiat will have looser links with BTC, but will still be linked.
Will alt coins ever have value on their own, or will their value always rise and fall with bitcoin?
Some move independently, but this rising and falling with BTC happens as most currencies are pegged to BTC.
It's hard to say-there are a lot of alt coins and this may turn out to be a problem at some time but I suppose that some of them will rise and quite a lot of them will go down.So you have to choose which one to go after.
Will alt coins ever have value on their own, or will their value always rise and fall with bitcoin?
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