Quick question,
If we have let's say the altcoin "Xo1" at 200Sat and the bitcoin goes up for 100% and nobody sells "Xo1" in that time how many satoshi will be worth?
Much thanks for your answers!
If we have let's say the altcoin "Xo1" at 200Sat and the bitcoin goes up for 100% and nobody sells "Xo1" in that time how many satoshi will be worth?
Much thanks for your answers!
It will still be worth 200 satoshi's if no one buys or sells XO1, bitcoin going up in dollar value doesn't change the amount of satoshi's it is worth (100 million) ( in the hypothethical scenario you created where XO1 isn't being sold or bought in the time between)
But ofcourse the dollar value for XO1 will change by 100% ( if bitcoin would go up in $ value by 100% and XO1 isn't being bought or sold ( stays at the same price)).
