Re: | STRATIS | The first blockchain developed for businesses |Full POS
While this was definitely the case from August through October 2017, alts overall are no longer actually downtrending when bitcoin pumps. Look at the charts here www.altindex.io. When bitcoin pumped in the beginning of the New Year, alts pumped massively (peaking briefly on Jan 5th). When Bitcoin recovered from Jan 12th to 21st, alts recovered as well. Even in the past 2-3 days with bitcoin pumping, the alts continue to climb.
The chart I'm referencing at www.altindex.io is the T&C 20 Index which is a market-cap index that includes approximately 20 highly traded medium to large altcoins (including stratis). I think it is the best way to track the altcoin market. Sometimes its easy to miss the forest for the trees when looking at specific coins.
Does T&C 20 Index track altcoins market cap in dollars or bitcoins?
Wow, may I borrow your time-machine please?
lol I just thought the same I want one of those too.
Good question, it tracks it in dollars. No time machine here, but my group has been trading crypto profitably for a long time. you can check out my blog posts which are below the index chart at that website to hear my thoughts. If you think it makes sense, great. If not, then that's fine too.
Haha, and yes I meant August to October 2016.