Post
Topic
Board Trading Discussion
Re: KuCoin vs Binance
by
mindrust
on 25/03/2018, 18:17:49 UTC
I don't understand the KCS dump these last few months... He had climbed very fast and very high, but now I find the correction rather violent...

There is nothing to understand. Bitcoin crashed so did all altcoins. KCS can make you money as long as cash flows in to crypto. Mostly bitcoin. If bitcoin loses value, no matter how many trades they make, Kucoin will also lose profits. If Kucoin loses profits, so does its coin KCS, and you as a KCS holder.

In other words KCS is mostly pegged to Bitcoin like every other altcoin there is.