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March 03, 2014, 10:15:22 AM |
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Hello, what do you expect to be the impact of rising price of BitCoin on other altcoins? It occurs to me that the prices of altcoins are falling when the BitCoin price is falling and will continue to fall as BitCoin price rises, because they will be relatively cheaper to buy for the same amount of BTC.
tl;dr
Bitcoin price down = altcoins fall because of mistrust Bitcoin price up = altcoins fall because of becoming more expensive
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