Quote from: yawars20 on December 06, 2023, 10:53:21 AM

The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.

Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.

So guys what are your thoughts about current situation.

Bitcoin does have a positive and negative impact on the market. Whenever we see the price of bitcoin going up, we also see some well known altcoins going up in price. There might also be situations where the price of bitcoin goes up, but reputed altcoins price don't change much and other lesser known altcoin price starts to go down. This is most likely because people start dumping their altcoins and invest it on bitcoin while also preparing themselves to invest in those top well known coins.

Quote from: jrrsparkles on December 06, 2023, 03:39:19 PM

That is what happens every time when we see the price in the bitcoin price, but to me, the effect is not completely reflected over every cycle. In the previous cycle if Bitcoin jumps 30% then most altcoins will surge 30% in average but now its not even 10% but random coins jumps 100% in 24 hours and in the next few days it will bleeds out which means the altcoins are only used by bump and dump investors and not for any real use cases.

You mean like the coin you are right now promoting using your profile?