Quote from: Kersh768 on December 21, 2019, 05:45:02 PM

Quote from: ePesoInitiative on September 30, 2019, 08:03:25 PM

You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

This just proves the correlation of the existing cryptocurrencies within the market in relation to the rise and dump of Bitcoin's price value. This just shows that there is somehow a direct and indirect relationship between the price of Bitcoin and Altcoins and how they behave on different situation. It just that the market is still alive despite of the dump that Bitcoin is currently into. Altcoins somehow show positive movements despite of the fact that Bitcoin continuously getting down little by little but Altcoins are keep on getting up even with small improvements. Ethereum price value like Bitcoin is also unpredictable in a sense that sometimes when Bitcoin is down, Ethereum is also down or the other way around and sometimes even Bitcoin is down, Ethereum is still keep on going up. It just shows that even most of the Altcoins depends on Bitcoin, still there are Altcoins who can still improve their prices despite of the ups and downs happening with Bitcoin.

The direct relationship of the Bitcoin price and other altcoins has to do with the market cap as a whole. When more money comes into the market in Bitcoin, it brings in more money to trade that Bitcoin for other altcoins at the same time. The more money there is to invest in the market, the higher the prices will be. When the money leaves the market, the prices of everything goes down.