Post
Topic
Board Economics
Re: When bitcoin prices rise up the market also will
by
ChronoLite
on 28/09/2018, 13:26:15 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?

All of the altcoins is based on ethereum and eth is tether to bitcoins, that is the reason why the entire market is being affected every time the price of bitcoins dropping.
This is nonsense, not all of altcoins based on ethereum. Also few of coins when ETH went down those altcoins are not get affected with ETH and few of them are still going up when ETH is went down like now.