Post
Topic
Board Economics
Re: When bitcoin prices rise up the market also will
by
Gadhoh
on 06/08/2018, 14:32:06 UTC
I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?

It would be different if all coins were pegged to let's say the dollar but everything is pegged to btc, all the alts can do is look if btc went up or down and adjust the price accordingly.
unfortunately this is not what you think, because the price of bitcoin is down and other coins are coming down, which if we look like following the price of bitcoin.