How its possible its something fishy for sure if bitcoin price goes up all crypto prices goes up its impossible situation every time me see saying it cause each crypto trader buyer and sellers are different and each user who buys crypto buys difrent crypto at one time how come eveyone buys all crypto at one time and all crypto prices goes up at same time did u thought that ever
its for sure something fishy or not convincing what u think of it guys !
https://puu.sh/APGiX/d2e489d444.pngIt may seem impossible considering that there are hundreds of coins including tokens out there and most of them increasing in value just because Bitcoin does. If we are just to look at the demand or supply, yes we can justify this as impossible as per the examination of OP. We have to look at this differently and this is how you should look at this:
Let us assume that a Bitcoin is valued $1,000 at the moment and an Ethereum is equal to 0.1 BTC.
1BTC = $1,000 and 1ETH = 0.1BTC, thus 1ETH = $100.
If, for instance 1BTC after a day became $1,100 each and 1ETH is still equal to 0.1BTC then,
1BTC = $1,100 and 1ETH = 0.1BTC, thus 1ETH = $110.
Having the same conversion factor of 1ETH = 0.1BTC, ETH increased in value in terms of USD because BTC increased.
I used this explanation because all other coins are convertible in BTC market.
Without looking at the supply and demand for other coin or token, we can clearly see here how most of the coins and tokens increase in value just by Bitcoin increasing.
