Post
Topic
Board Speculation (Altcoins)
Re: big altcoins losses (BTG 92% Down)
by
pitiflin
on 29/06/2018, 22:45:14 UTC
Bitcoin gold is 92% down since dezember its speeds up its halfing much faster than bitcoin,

https://coinmarketcap.com/currencies/bitcoin-gold/

But with bitcoin gold declinging why shouldnt bitcoin decline?

bitcoin gold grew and rose with bitcoin, and now it falls with bitcoin

regards
BTG's price is not determined by bitcoin. Its determined by demand and supply. However the price of bitcoin influences other alts. Bitcoin is not responsible for alts to crash. If people try to dump bitcoin, they would also have to dump alts, so that those who try to influence the markets succeed in what they are doing. BTG is not a big altcoin, yet. Its just a third wheel type of crypto. People were forced to trade with it, in the beginning and now they just don't care.