Re: All this Speculation is meaningless or please correct me
Hi,
Whenever bitcoin goes up green the Alts follow the same.
Whenever bitcoin goes down red the Alts follow the same.
So lets say and speculate for example Ark will be releasing a new website on 30/10/17. Investors think price will go 10x for Ark however on that same date for example some idiot banker comes on tv and say bitcoin is a fraud knocking 35% of its value from bitcoin and knocking 70% value from Ark regardless of its new website.
The question is whats the point of all this speculation when Alts prices are tied to bitcoin prices? If bitcoin is not having a good time then whats the point of speculating on Alts or when will Alts prices become independant from bitcoin prices?
So for USDT Tether seems the only independent Alt
Whenever bitcoin goes up green the Alts follow the same.
Whenever bitcoin goes down red the Alts follow the same.
So lets say and speculate for example Ark will be releasing a new website on 30/10/17. Investors think price will go 10x for Ark however on that same date for example some idiot banker comes on tv and say bitcoin is a fraud knocking 35% of its value from bitcoin and knocking 70% value from Ark regardless of its new website.
The question is whats the point of all this speculation when Alts prices are tied to bitcoin prices? If bitcoin is not having a good time then whats the point of speculating on Alts or when will Alts prices become independant from bitcoin prices?
So for USDT Tether seems the only independent Alt
You wrote it like bitcoin and altcoins are directly related but this is wrong, not true. Sometimes, bitcoin goes up and altcoins decline because traders are getting on bitcoin train at that time.
Yeah but when bitcoin goes down then Alts go down as well. Seems mostly related.