Author

Topic: What's really the concept behind bitcoin rising and falling over altcoins?? (Read 132 times)

newbie
Activity: 88
Merit: 0
Thank you for your opinions, there is something to think about.
legendary
Activity: 3542
Merit: 1352
There are no concept, just traders moving around to get where the action is. As for the case of alts and btc, traders pull out their money from btc and trade alts and vice versa whenever they feel like or whenever there is something huge happening on another market. Though that's one explanation, you still can't rely to that and use as a basis of price movement since there are still a lot of factors that come in play that defines the price of crypto.
newbie
Activity: 25
Merit: 1
The effect of bitcoin rising and falling over altcoins is what i dont really understand. the whole thing is confusing me. because i can remember late 2017 when  bitcoin was on the rised, altcoins was falling. and i fixed my mindset with the idea that when bitcoin will be falling altcoins should be rising. and today bitcoin is falling and altcoins is always falling. This is against my believed and I need clarification from this great forum as I am a newbie.
Thanks
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