Post
Topic
Board Speculation (Altcoins)
Re: Ethereum Price Action in relation to Bitcoin
by
agentx44
on 28/12/2019, 17:07:03 UTC
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.
Most of the time, bitcoin usually dictates when will be the next dump of altcoins. We can really say that bitcoin's price has a relation with altcoins that's why it is very important that we monitor the price change with bitcoin if ever we are investing on altcoins. Through this, we can determine if altcoin season is already near and make some action that would make our investments be beneficial and improve. Be observant always with the price change to know when is the right time to buy or sell.