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Topic: Why when the BTC goes up the ALT goes down? - page 5. (Read 773 times)

copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
December 23, 2020, 12:17:02 PM
#2
Probably what people do.

High cap alts kufht have larger fiat audiences so when they see btc going up but bit their alts, they might move across.
Also if the same thing happens over and over they'll think they're better off converting to btc, waiting for that to pump, and then converting back. And realistically, a lot of new retail investors will be more interested and will have heard about it than altcoins so the predictions of a pump from new money would put btc rising a lot faster than alts (at first) .
member
Activity: 75
Merit: 21
December 23, 2020, 12:06:36 PM
#1
Hi all,

I don't understand why when the BTC goes up then the ALT goes down?

Can someone explain me why?

Thank you
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