Theres a lot of factors to be considered,a lot of investors from wallstreet are joining our community thats why the BTC surges up and still rallying right now,alts are bleeding because they are measured in satoshi which is from the BTC,hence increasing or decreasing the BTC price will bleed the alts and if the BTC stabilized the alts will grow.
That's something I've seen over and over, when BTC stabilized ALT Coins market are mostly green, at some percentage they have gone up.There are good days and bad days, but That's something I saw for a fact.
I think it is simple market economics. If one thing is selling in large volumes, then it automatically affects other things. When the market is bullish then it attracts even more money, because of which people have less money to spend on other options (alts). And when these other options are in less demand, then their prices automatically fall.
Bullish market means Long term market right? People tend to buy ALT coins hoping it will go up long term, but when BTC starts going up they start selling them and Start buying BTC , more people want to sell than buying prices go down. Got it. "Market Economics" the key word. Gosh I need to learn more about that.
I think that's wrong. If you look at the charts you'll see that sometimes alts go down when btc rises and sometimes they go up. When bitcoin is down alts can also go up or down. It is all up to people and they have different mood. I think altcoins depend more on the specific markets and news about some updates. Yet most of the time I guess it's impossible to determine why the coin is rising. For instance, why did bitcoin cash pump a lot about 2 weeks ago? Why is litecoin suddenly so up? How comes people started noticing that IOTA is a good project? We don't have answers here. I think a lot of that can't be predicted in advance and sometimes is even never explained.
last two weeks definitely the craziest I've seen since I got to know about BTC, and another important point there is how does people know about that, other ALT's gonna rise, or those are good projects. is it because of the people behind those projects? or market news , how do they predict that? and IOTA is the best example it had a tremendous increase of value in last few weeks, it was at a very low point, but most big investors attracted to the project, I'm still trying to find how they are always in the right place at the right time, Just luck? or something else.
