Hi all,
I don't understand why when the BTC goes up then the ALT goes down?
Can someone explain me why?
Thank you
It's true whenever bitcoin pumps altcoin normally dumps same thing with when bitcoin dumps, I think the real reason is that whenever bitcoin pumps alot of traders/investors don't want to miss out on it so they simply sell their altcoin holdings and buy bitcoin instead, while for the dumping part, I feel whenever bitcoin dumps alot of people(weak hands) become scared and panic sell their altcoin holdings, that's why people say altcoin follow the price movement of bitcoin.