Post
Topic
Board Trading Discussion
Re: Btc and alts
by
goldade
on 19/03/2021, 02:40:56 UTC
I am confused among these, cauze people says
 
1. Btc pump then alts dump
2. Alts pump then btc dump
3. Both btc and alts follow each other 

But we can see that only the 3rd scenario is happening right now i.e alts are following btc.
What's about the 1st and 2nd.
(Actually I am a newbie in trading)

It is commendable how that as a newbie, you have made such an acute observation such as this. It shows how interested you are in trading.
You should be aware that the movement of the price of altfoins and Bitcoin are actually unrelated. Some people just try to relate everything to bitcoin just like they relate stocks and gold price.
Since you're new, I'd advised that you do not concern yourself with news like this. Stick with bitcoin, buy when it is low and sell when it is high. With more experience trading, you can then add some potential altcoins