Post
Topic
Board Speculation (Altcoins)
Re: Will the altcoin go up in price if the bitcoin price goes up?
by
MiF
on 09/04/2023, 11:05:13 UTC
I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.

and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?
Because if bitcoin price rise the investors will also rise there are many investors that stop investing into altcoins when bitcoin price drop because most of the trading pair is paired by btc and if the value of btc down the amount of the token you can by in btc pair will be small and that was a big disadvantage. So the best part is when the btc pump or during bull season you can by different altcoins and wait till they rise and earn.