Comparison of Bitcoin price fluctuations with other coins. - page 5.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Quote from: Hsibalimrn on January 05, 2022, 12:24:41 PM

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Most of the altcoins in the market should be as they are just following the trajectory of bitcoin's price. In the long run it's really best if you hold Bitcoin rather than altcoins since if Bitcoin goes further lower, these alts hurts the most as they goes even lower in percentage decrease than Bitcoin.

The thing is, you'll get it by experiencing a catastrophic thing like the bear market of 2018, nof for the faint of heart thing but that scenario was great lesson for those who experience it.

Oceat

sr. member

Activity: 2506

Merit: 368

It's somehow proven before that most altcoins follow the trend of Bitcoin and it's not new today. If you have a chart look closely how often the price of Bitcoin change then some altcoins will follow either up or down. But for those altcoins that doesn't follow the trend they are probably under the top 50 coins in CMC.

I think if you take some time staying at this market you will probably get used to see most of these altcoins moving especially if you are a trader. Although, Bitcoin's volatility is not normal and it's unpredictable at the same time. So I would say it's still different in some altcoins even with the trend.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Altcoins follow bitcoin price, there can be some times when the price will may differ like altcoin season but at last the same are the trends. As bitcoin price is falling, altcoins price are falling also, as bitcoin price is increasing, altcoins price are increasing also. They have connections like you said.

Hsibalimrn

jr. member

Activity: 126

Merit: 1

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Topic: Comparison of Bitcoin price fluctuations with other coins. - page 5. (Read 615 times)