The altcoins are sharply up today http://coinmarketcap.com/
Wondering if it has something to do with a posible weakness in bitcoin price.
Wondering if it has something to do with a posible weakness in bitcoin price.
ltc went to 10usd on bitcoin rally so its unrelated.
as bitcoin is $800+ at this point I think you're going to see a lot of the cryptos raise in price. People are interested in BTC, but a price close to Google's stock seems too much for most "average" people.
I think it's just a new awareness of this new "virtual currency" movement. It's like the british invasion - Bitcoin being the Beatles.
This kind of flawed logic has been repeated over and over since Bitcoin hit dollar parity.
When Bitcoin hit $10, many noobs said that new people would have invested in Litecoin because BTC price was too high.
Same thing when it hit $100
Same thing when it will hit $1000
But still, everybody knows that Bitcoin is the real thing, and the rest just clones and scamcoins.
