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.
If the bull run of bitcoin not stop then the drop of altcoin price just temporary. After few moment then altcoin will follow bitcoin again.
Now the altcoin try to follow bitcoin eventhough slower than bitcoin moves but at least this will break opinion of people that altcoin will not up follow bitcoin.