Quote from: Shikaina on April 04, 2018, 08:41:29 PM

Quote from: ABYANSYARIF on April 04, 2018, 06:08:20 PM

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon

is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

I think when bitcoin is up altcoins are also up but not all and not always. I just notice that when bitcoin was on its height i benefitted good also from altcoins because they were good also in price but now even tokens i cannot sell because of very low price.

It depends on the level of up we are talking about with bitcoin, most of the time if bitcoin starts gaining huge dominance from bull run, most of the altcoins are always hitting the block and hiding in their caves, I always see it more like transfer of money into bitcoin as the traders are looking for ways to make profit from the bull run. Just the mentality anyway based on what I have seen. However, we already know right from time that the lesser bitcoin goes, it affects altcoins greatly.

As far as I have been trading cryptocurrency, which is always the reality of the way things are in this market. The only time most altcoins do very well is whenever bitcoin is consolidating, and then you see them mooning like no man's business, and once bull run starts for bitcoin or a bear rally starts, you see most of them dropping pretty fast. I guess the traders are just playing it out for profit at least that is the way I see it.