Quote from: Sendi blackspade team on July 27, 2019, 04:13:30 PM

Quote from: ginobitcoiner on July 27, 2019, 01:48:29 PM

Isn't it when Bitcoin is growing ethereum will it follow the growth experienced by bitcoin?
I am sure that if bitcoin experiences growth then ethereum and many other altcoin will also grow well.

not always like that. You see bitcoin growing alone and there are no altcoins that follow its growth this year. maybe a bitcoin pump has happened three times, and only a little movement from etheruem, and then down again.

It happens with simple logic. The price of Ethereum is directly positively correlated with Erc-20 tokens, for purchasing any token traders need to go buy the first ETH. There is the reason behind this direct correlation but exceptions are not rare in the crypto market. New investors visit the crypto markets because a big part of them just heard about the Bitcoin. This correlation index goes down if Bitcoin dominance and price goes up together form my understanding.