Author

Topic: Impact of Bitcoin price on altcoins (Read 554 times)

newbie
Activity: 25
Merit: 0
March 03, 2014, 10:32:57 AM
#2
Also want to know the impact.
legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
March 03, 2014, 05:15:22 AM
#1
Hello, what do you expect to be the impact of rising price of BitCoin on other altcoins? It occurs to me that the prices of altcoins are falling when the BitCoin price is falling and will continue to fall as BitCoin price rises, because they will be relatively cheaper to buy for the same amount of BTC.

tl;dr

Bitcoin price down = altcoins fall because of mistrust
Bitcoin price up = altcoins fall because of becoming more expensive
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