Yes the rise is unnatural. And the price is sticking over 10K still.
Bitcoin and cryptocurrencies on whole needs a price correction and that is still to happen.
Topic: Witnessing BTC going down, and all alts, directly at same time, again. - page 2. (Read 524 times)
November 30, 2017, 02:40:37 AM
November 30, 2017, 02:36:49 AM
Because alts are priced in btc value and not usd. Alts would have to go up more than btc is falling in order to maintain it's price.
November 30, 2017, 02:36:31 AM
All reasons aside, I have now witnessed more than once, BTC drop, bewildering me as to the direct, to the minute drop, across the board of alts, only escape, to fiat etc... please refer to my previous post which directly concerns my observation. It happens almost to the minute, full stop. Unnatural IMO.
Obviously, in long run, things even out, yet I am addressing a phenomenon that I have witnessed more than once. Is concerning, and not one that can be explained with reasoning of considered reasonable causes, IMO...
Obviously, in long run, things even out, yet I am addressing a phenomenon that I have witnessed more than once. Is concerning, and not one that can be explained with reasoning of considered reasonable causes, IMO...
November 30, 2017, 02:28:42 AM
istory repeats itself. Bitcoin runs the market. On such days it is less and less believed that the market of violas will come to those prices that were in the spring. The balance in bitcoins falls with each such jump in the price of bitcoin, and in dollars it grows slightly. It is necessary to change the strategy. Altoquines for fast trading only, investment in bitcoin and eth
November 30, 2017, 02:26:34 AM
It's a chain reaction. Bitcoin is the biggest cryptocurrency, hence the sudden reaction to all altcoins. In some way, most Altcoins are reliant upon Bitcoin.
November 30, 2017, 02:22:17 AM
China FUD, Fork, 10k psych,
I am witnessing, IMO, an unnatural drop across board, to the minute, when BTC drops.
Please explain to me why all others drop in value directly due to BTC value, to the minute...
I am witnessing, IMO, an unnatural drop across board, to the minute, when BTC drops.
Please explain to me why all others drop in value directly due to BTC value, to the minute...
The thing is bitcoin is dropping due to the market correction and nothing else. Altcoins are dropping because it is being invested into bitcoin after seeing it in the red zone. Or there could be another possibility that altcoisn are now being traded for the fiat first as they are getting profitable investment now. One thing is sure whenever there is fall of bitcoin there is rise of alt coins where we speculate that bitcoin is getting traded for the alt coins but somehow we are not in that position today. The market corrections are the reason for bitcoin but not for the alt coins itself. Whatever it is, it looks to me completely temporary because after all the catching up the market cap is not gonna break so severely. So just wait and watch for the bitcoin to rise again and behind that alt coins will gain the dominance too.
November 30, 2017, 02:10:28 AM
At the present, every altcoin derive it's value from bitcoin. When people talk about cryptocurrency they are not talking about altcoin or worse still airdrop, they refer to bitcoin as cryptocurrency hence all other altcoin is affected to whatever affect bitcoin that may change in future though!
November 30, 2017, 02:00:54 AM
China FUD, Fork, 10k psych,
I am witnessing, IMO, an unnatural drop across board, to the minute, when BTC drops.
Please explain to me why all others drop in value directly due to BTC value, to the minute...
I am witnessing, IMO, an unnatural drop across board, to the minute, when BTC drops.
Please explain to me why all others drop in value directly due to BTC value, to the minute...
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