Post
Topic
Board Speculation (Altcoins)
Re: If Bitcoin Spikes, Will Smaller Alts Go Lower?
by
CptWhsikeyjack
on 15/07/2018, 18:31:12 UTC
From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise.  What do you think?

Probably. There is a very good chance that can happen. Because when bitcoin spikes everyone who is looking to make a profit seel their alts and buy bitcoin. Due to this Alts crash and bitcoin soars. But the same is the case once bitcoin bull run ends. People sell bitcoin a and buyback alts. And another advantage of this is you end up selling high and buying a lot more at a lower price.