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
Well In my own opinion it seems that the flow of the market has change back then it was opposite cos its like bitcoin up - all alts go down.
Probably we need to change strategies cause there are certain alts that has little effect when BTC price changes