Hi guys. I'm quite new in crypto world (2 months) and trying to understand what's actually going on on the market. The thing is when Bitcoins grows, alts go down (or just don't grow), bitcoin goes down, alts go down even more - why? I don't exactly understand it and feel confused when to trade or invest. I mostly talk about ETH, LTC, Monero and other from top.
Thank you.
I am trading Altcoin pair Bitcoin and I feel the same thing.The current situation is difficult to predict probably the cause is the Bitcoin fork situation
Sone alts tends to decrease before the fok since we're all waiting and expecting for some freebies dependin on the amount of btc we hold. Maybe after receiving our freebie we might expect some movements for alts too to increase.