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?
it's just a prediction pal. And its up to you if you want to believe it. But for me the reason why alt coin sometimes risIng when bitcoin is down because of some holder always evacuate to protect their money, and sometimes both is decreasing when there's a occasion such xmas, new year, and summer. Which is causes to dump some money for their needs .
It can be true indeed as we seen what the market showing right now, if we trace back the attitude of those coins especially speculative alts,
they are much relied with how bitcoin will moves, when bitcoin reach new ath and stay with the height the more the value of some quality
alts to rise high, it's a matter of timing and how well we understand the system.