Your guess would be correct! Most, if not all, traders use Bitcoin as their main trade medium. By that I mean they usually convert the altcoin back to Bitcoin when they are finished trading. This means that altcoin drops and Bitcoin price increases.
Another reason could be a mass migration of people from an altcoin to Bitcoin. For example, when Ethereum forked, Bitcoin saw a price jump as many people changed their assets in Ethereum to Bitcoin to avoid the fork. The same happened when all exchanges froze Ethereum transactions in July. Everyone switched to Bitcoin after seeing that Ethereum was not exactly reliable. Hence, Ethereum saw a price drop and Bitcoin, a slight price increase. The pattern occurs for Ethereum and Ethereum altcoins.
However, these are not the only factors involved in determining the price of Bitcoin. There are other elements prevalent in determining Bitcoin price. But for now, I think I answered your question.
thank you for your reply may i asked you this? 1) when the segwit happened why all coins went down that period ? .that fork not related to alt coins,i saw ETH also went down .but LTC made a good move that period
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1) can anyone tell me what is the best wallet for waves coin
2) if i do waves token bounty what wallet is good for that ?
thank you
I think it's better to use the wallet coin itself, for its nice waves ya waves wallet. You can see its link above. Token bounty not all use waves, you should see what platform is used bounty it, if using platform waves you must use wallet waves and if using etherium platform then you must use etherium wallet. Note: if you joined bounty do not use waller exchanger. for waves - http://www.wavesplatform.com ( chrome version) ETH - myetherwallet when i am doing a bounty after i registered using myetherwallet public address (for token) am i want to add that token name to myetherwallet wallet or is it choose auto that token name ?
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i am google chrome user i choose Chrome version.thank you
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Apparently Bitcoin has again broke the record by reaching reaching 3.2K (almost 3.3K currently it's 3,280$ on Bitfinex) Gotta go fast bitcoin, gotta go fast I wonder if it coins going any higher in my predition it will reach $ 4000 or more before September.but when it come to near November it will come down again . because of the hard fork
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Just got my hand on some cash now and i'm thinking of investing in some bitcoins. but as with the new pump recently with the price @3200 not sure what to do. Should i invest now or wait for an opportunity for price to go down? i got some news hard fork coming in nov .i think price will drop
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Why buy waves? Because its cheap. A nice project with a great team. Price ll increase sooner or later. Why not buy waves? Because there is still bearish trend in all altcoins.
i got waves because Decentralized exchanges are the way of the future and its cheap
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All exchange which is legal/regulated with good reputation can be trusted, as long as you withdraw your money after finished exchange/trade your money and don't use exchange as wallet just like what many people did in past as a small investor in crypoto world how we avoid the fee of the wallets.then i dont i always keep my coins in exchanges
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anyone know about swissgold mining
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ETH is peaking and it's time to sell, a big dump is coming due to a big ICO dumping their ETH!
hey why you in a hurry ? first tell me which ICO? then ETH is in recovering mode it will hit $400 dollars soon .
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can anyone explain me Why when bitcoin goes up most altcoin prices down every time. i think traders sell alt-coins to buy the BTC 02) when ETH goes up and ETH alt coins came down is this happen ?
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What's the best exchanges to buy those tiny market market cap altcoins? Please name the safe exchanges.
01) cryptopia 02) yobit.net best one cryptopia
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1) can anyone tell me what is the best wallet for waves coin
2) if i do waves token bounty what wallet is good for that ?
thank you
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Bittrex for me, they have high daily trade volume
coins moves very fast.polo sucks very slow site and lot of maintains..
cryptopia also gd one for low cap coins
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i have more than 153 real followers
may i join ?
thank you.
Join, you will make 300 followers in time. How long will the bounty company be? How often do you pay?
it will last at least2 weeks, but creamteam will keep the right to stop campaign anytime. Depends of Cream budget. We will pay all participants at the end of campaign. thank you....................
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i have more than 153 real followers
may i join ?
thank you.
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i guess it will reach near $4400 is within reach this year. or over 5000
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hey dev i dont received my bounty BitCAD Twitter account: https://twitter.com/Hridoybs (sp 594) Facebook account:https://web.facebook.com/hridoyroyb (sp 785) Eth--0x3A424C516ac25B4ec3Cf355Fc7D0F6531b46904E It's a scam project and don't expect to receive any free tokens.Even if you do receive those tokens there are no exchanges to trade it.So I would suggest you stay away from this thread. yep true they didnt give us to add the wallet address for the application?
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