Post
Topic
Board Speculation (Altcoins)
Re: Values of Bitcoin & Altcoin are correlated
by
kotajikikox
on 29/10/2020, 06:01:33 UTC
I am aware some of you might not agree with my view but I strongly feel that the value of altcoins are correlated to the value of bitcoin and we have seen this in the past as value of altcoin trends according to the momentum of bitcoin, but now the real question would be "why the value of altcoins are still trailing behind wherein bitcoin has increased by leaps". All we need is a bit of patience as crypto will not go as per our expectation as it's not scripted and many might have noticed that the value of ETH was all-time high when the value of bitcoin started to dump after the 2017 bull run.

What's your opinion guys?
Since you mention that we have proven this from the past then you must also check the 2017 trend when Bitcoin is in the
major growth right?and in 2018 comes the altcoin season when most
of the legit currencies made their way to the highest
good example is Ethereum that reached the highest price in January 2018 about almost 15 hundred dollars in value.
Coins in the market are correlated with bitcoin, which is very radical  because it has appeared many times in practice. In 2017 after bitcoin dropped ETH hit ATH because the ICO residual was still there, so the demand for ETH at that time was huge, it surpassed bitcoin's influence on the market at that time.
that is what i explained in OP because there are correlation but wont appear that soon,
the growth Must come first In bitcoin and then go to altcoins ,maybe not together all but at least half of them will surely make it way High.