Bitcion, Ether and Litecoins seems to be in sync

mayo2u

member

Activity: 325

Merit: 26

Quote from: backthespace on December 04, 2017, 04:16:20 AM

Hi guys

Anybody noticed when there's a peak in currency, the 3 cryptocurrencies seems to be synced?
Take yesterday. There's a peak at 11800 US dollars and the a steep fall to 10600 $
Same time at day for Litecoins and Ether there's a steep incline and then a decline. Can anybody explain why this is?

Sincerely

It's coincidence. If you look at any short period you can find any number of currencies that rise and fall in tandem with bitcoin; or run in the opposite direction. You better be very careful in investing in such a manner. I remember when Dogecoin and Bitcoin were running in tandem?

So very much happy didn't put my money in Doge. Much glad.

VXII

newbie

Activity: 62

Merit: 0

At this time most regular users do not understand the differences between most coins which is probably why the most popular ones share very similar trading trends. Sooner or later each of them will go their own way but it is going to take a while until the majority will see the differences, pros and contras between each of them.

Deszu

newbie

Activity: 13

Merit: 0

Quote from: backthespace on December 04, 2017, 04:16:20 AM

Hi guys

Anybody noticed when there's a peak in currency, the 3 cryptocurrencies seems to be synced?
Take yesterday. There's a peak at 11800 US dollars and the a steep fall to 10600 $
Same time at day for Litecoins and Ether there's a steep incline and then a decline. Can anybody explain why this is?

Sincerely

I also notice it that they are the same way in market chart. Are some whales targeting this top crypto to make money? lol

FisherHunt

newbie

Activity: 35

Merit: 0

Quote from: CryptoJoHuN on December 04, 2017, 05:10:50 AM

Sounds so strange... But this cryptocurrency one of the populist coins

But when we waited for segwit, bitcoin grew and eth was weak

Onedutch

newbie

Activity: 17

Merit: 0

Could be some autotrading bot's which react on eachother, flash trading issues https://en.wikipedia.org/wiki/Flash_trading

CryptoJoHuN

newbie

Activity: 36

Merit: 0

Sounds so strange... But this cryptocurrency one of the populist coins

backthespace

newbie

Activity: 9

Merit: 0

Hi guys

Anybody noticed when there's a peak in currency, the 3 cryptocurrencies seems to be synced?
Take yesterday. There's a peak at 11800 US dollars and the a steep fall to 10600 $
Same time at day for Litecoins and Ether there's a steep incline and then a decline. Can anybody explain why this is?

Sincerely

Topic: Bitcion, Ether and Litecoins seems to be in sync (Read 223 times)