Post
Topic
Board Speculation (Altcoins)
Re: Values of Bitcoin & Altcoin are correlated
by
CuriousGeorge
on 11/11/2020, 02:31:54 UTC
There is definitely a relationship between the price of bitcoin and altcoins. Altcoins drop as bitcoin moves harder. In fact, whether the bitcoin rises or falls, the first reaction of altcoins is falling. After Bitcoin is fixed and stays stable, altcoins start to increase.
so altcoin movement actually so funny, its need unique condition to move follow bitcoin price. when traders thinking bitcoin price will rose , altcoin dumped and when bitcoin dumped its dumped too. so its definitely make confuse when we have to strart buying altcoin. only market psychology and confidence will make cryptocurrency move in  one direction. trustness that bitcoin already totally recovered will support it..
The altcoin needs bitcoin to be stable.
People who have been watching the marketing since a long time ago will definitely see when the best time for them all to buy altcoins. When altcoins get dumped and it could be the best time to buy.
This time altcoin is not the same like altcoin in 2018.
You can see how ethereum is going up slowly even bitcoin was going up too.