Post
Topic
Board Economics
Re: When bitcoin prices rise up the market also will
by
SvonioneFromMangoCoinz
on 11/11/2018, 03:56:53 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?
That's not how the market works now. As Bitcoin's price increases, the whole market rises because it's a manipulative organization that takes over all of the altcoins. But now things are different. As evidence of Tether's bad news, Bitcoin's price has risen to $ 8k in a short while and the altcoins remain stable. That means the manipulation plan is gone.