Post
Topic
Board Trading Discussion
Re: Altcoin price based on bitcoin price?
by
henmark
on 06/10/2018, 11:20:14 UTC
Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down


That happens every time and I don’t even know why. I think that’s the work of investors, maybe they tend it withdraw their money whenever they see that Bitcoin is already falling.

It’s just like buying lots of different goods and saving them till your target time and once that time comes instead of selling a particular type, you decide to sell of the products and withdraw every money you have invested in that product. So investors make plans, and once they hit that target they withdraw.