Quote from: rommelzkie on September 28, 2017, 02:37:52 AM

Quote from: very_452001 on September 27, 2017, 08:56:26 PM

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 Roll Eyes

Bitcoin and Altcoin are correlated to each other but not 100%. This is because they are all crypto currency. just like gold and silver.

But altcoin have the more correlated to the bitcoin, as far as i know that the altcoin will always get impact if the price of the bitcoin goes up or down and that was giving bad impact too to the altcoin market. Because a lot of people were selling their alt to buy bitcoin