Bitcoin Forum

After the shutdown of chinas cryptocurrency exchange,  bitcoin price was crack down below $4000 yesterday. But today the price has bounced up. Will this oscillation continue? is this the chance for ether to rock the network?

All crypto currencies associated with the bitcoin. He's still No. 1 in the world of crypto. Each crypto currency supporters and the price is more dependent on their trust. But Ethereum has no limits on production so over time it will be subject to inflation. The closing of the Chinese exchanges is only temporary difficulties. Their sales will gladly take on other exchanges. If you remain calm it will lose only the Chinese.

Of course every time Bitcoins price moves it usually affects the cryptocurrency exchanges too. Some coins go down with and some coins go up with how the movement of Bitcoin works. I don't want to assume that Bitcoin is the source of the pumping and dumping of coins but as what I've notice Bitcoin does control some of the movements of the alternate coins.

Most alts are priced in BTC, so if it goes up, they go up. If it goes down, they go down. If btc stays slow, others usually keep growing.

No. This is something that often happens in the crypto world. Whether the Bitcoin price goes up or down, the Exchanger will stay solid. Unless there is a regulation like China yesterday. And for Ether, this may still not show the teeth.