no Alt ever rose during a bitcoin bubble (except LTC). when Bitcoin gained 20 bucks last night Lisk immediately stopped the upswing and lost. Like all other Alts. only newbies could be surprised by that.
What do you think is gonna happen when it gains 50, 100, 200 and more $ ? and thats gonna happen within the next weeks before the halving.
Lisk might be a good BTC competitor in the long run but not yet. never play against the market.
When capital moves swiftly into BTC it causes a sudden drop in the smaller more illiquid crypto DACs like ETH, LSK, MAID etc. while often being beneficial for other pure crypto-currencies like LTC, PPC etc.
This is usually a good time to buy LSK for example because the decline is not caused by loss of perceived value but the smaller markets being too illiquid to support large swift capital transfers into the much larger BTC.
Over the longer term BTC rising is good for all crypto because it brings more attention and investment into the space.
http://coinmarketcap.com/historical/20131103/In early Nov 2013 When BTC was worth over $2 Billion the next 9 cryptos were worth a combined total of $130 million with the 10th place crypto worth $750 000
http://coinmarketcap.com/historical/20131229/Less than two months later, in late Dec 2013 when BTC was worth over $8 billion (400% increase) the next 9 cryptos were worth a combined total of over $1.1 Billion (900% increase) with the 10th place crypto worth $18 million. (2000% increase)
So BTC rising in value would be awesome for all other cryptos imo, even if on the large spurts it temporarily sucks out capital, which are usually buying opportunities that rapidly correct.
