Post
Topic
Board Speculation
Re: Why are the alts not crashing badly this time?
by
jgorham
on 09/12/2013, 22:33:44 UTC
They crashed harder than btc but also went up faster on the rebound.

They are a very correlated asset. As people want to cash out into fiat they first sell off their alt coins to consolidate in btc, then sell btc for cash. Not to mention the price of alts is tied directly to btc. Altcoins dropping quickly in price is probably a good indicator of a downturn in bitcoin