Post
Topic
Board Speculation (Altcoins)
Re: Is Altcoins Follow BTC Rally?
by
bitterguy28
on 29/08/2022, 06:22:18 UTC
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
depends on the season , I mean this will always rely in the timing of the market , like for example when the market is nearing Bullying for Halving? then we can be assure of this altcoin following bitcoin because no matter what? investors will always go with option and that happens for Bitcoin and also for altcoins.
we can see over the years that even shitcoins made it on the top once bitcoin shows bullrunning.
and we can observe that every 4 years like this coming 2025 that another halving will come.
Actually, it's not forever if the price of btc goes up, the other alts will also go up. However, it seems that as we all know, if the price of btc goes up, the price of other alts will also increase. This is because btc is the most popular coin and controls about 50% of the crypto asset market
it is forever the trend mate , that Bitcoin will show the way and altcoin will go along .