hallo all, i want to ask how do you opinion about the increase of bitcoin price would it be bad for altcoin in ALTCOIN / BTC pair?
Yesterday the alts were all down because most of the holders are selling their alts for bitcoin. But take a look at the market again today, most of them are again following bitcoin's lead.
because every bitcoin price increase is definitely the ALT / BTC or altcoin pair per bitcoin is down, will it cause a huge loss?
It's a huge loss for someone who mostly have alts on his portfolio and never had time to pile and stack up bitcoin on his collection.
or it is profitable for those using ALT / USD
Just sell alt for bitcoin.
I think that the alternative coin would rise up too. bitcoin jow the rising rate is very fast and we called it as bull run. maybe the alternative coins doesn't do it as the same as the bitcoin but I am sure that the the alternative coin would rising too. and as I know, not all the alternative coin would dropping out. maybe the only not popular will drop out. but soon , we can see the color green of the market at all coins.