Quote from: adroitful_one on May 31, 2018, 11:34:47 PM

Quote from: adi1972 on May 30, 2018, 11:15:11 PM

Can anyone tell me why all coins have almost the same price trends even though they have very different algos.

BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.

So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?

Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.

Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.

Yes. It's all based on BTC. You'll notice almost all of the alts will make moves when BTC does. There's a couple of coins that will do weird things every now and then, but for the most part, they all make moves when Bitcoin does. You are exactly right to believe that it's the indicator.

That is exactly how it works - Bitcoin leads, others follow! At any rate, discrepancies cannot be ruled out because these changes in price do not happen across all coins instantaneously and that is one reason the cryptomarket is always ripe for arbitrage trading.