Relation between BTC and PPC, LTC

[lekarz]

It has long been watching quite interesting relationship . As Bitcoin goes up about 2% than LTC and PPC also goes up about 8-10 % . Than other altcoin go down from few to ten, twenty or more percent . I would like to know your opinion. Why is this happening ? How can they keep courses for bubble BTC in the coming halvingu ?
Sorry for my English:)

[Amph]

probably because those coins were among the first and are still very famous among all the shitcoin out there, so they are recognized early for a pump, concurrently with bitcoin

[Wendigo]

I am not an expert by any means but my theory about this phenomenon is that as the artificial pumps of other alt coins die down people are pulling out of these markets selling their coins thus creating an influx and subsequently bringing the price down some more. Then traders invest their money somewhere else like in LTC and PPC because they see an opportunity to make a profit by creating a pump again so the principle of higher demand and lesser supply makes the price go up. This is a never ending circle and this is how speculators make their money. I think we will see a lot of interesting movements in the prices of alt coins with the upcoming halving as most alt coins are Bitcoin satellites and their value is directly influenced by Bitcoin.

[SwedishGirl]

Can we please put this discussion on hold until my PPC orders get filled in? Thank you very much!

[lekarz]

^SwedishGirl
why?
^Wendigo
Very interesting theory.

My theory = Amph theory+Wendigo theory

[SwedishGirl]

^SwedishGirl
why?
^Wendigo
Very interesting theory.

My theory = Amph theory+Wendigo theory

It's how the Russian/Chinese do stuff. As you can see Poloniex is not the market maker and barely gets any PPC traction. Also PPC volume is currently increasing.

[lekarz]

So if PPC volume is currently increasing its very good news:D

[SwedishGirl]

Looks like half my order is not going to get filled I should have market bought last night

[lekarz]

I think you should wait some time:) but you should take your decision your own.

[BitcoinNational]

^SwedishGirl
why?
^Wendigo
Very interesting theory.

My theory = Amph theory+Wendigo theory

It's how the Russian/Chinese do stuff. As you can see Poloniex is not the market maker and barely gets any PPC traction. Also PPC volume is currently increasing.

can you tell us more on how the Russian/Chinese do stuff?

i see Earth, Tips, xsi, boost, zcc, getting pumped but they never develop the product to the level of capitalization!

sure Westerns pump ETH or SYS but those products at least have some development infrastructure.

[alyssa85]

It has long been watching quite interesting relationship . As Bitcoin goes up about 2% than LTC and PPC also goes up about 8-10 % . Than other altcoin go down from few to ten, twenty or more percent . I would like to know your opinion. Why is this happening ? How can they keep courses for bubble BTC in the coming halvingu ?
Sorry for my English:)

With the other alts - what happens is that when people see BTC rising, they cash out their other alts for BTC and then sell for fiat. That's why most alts fall when BTC rises.

With LTC - it pumps every six months or so, like clockwork.

[BitcoinHodler]

i have never checked out PPC history with bitcoin. i think i should give it a look to see how it changed in the past.

but litecoin has been doing practically the same thing as bitcoin it goes up with bitcoin and comes down with bitcoin too. and also on its own halving a couple of months back there was a lot of hype and the price went up a lot.

[cryptohunter]

same with nmc and some of the eldest of the pow alts. These are still recognised by most in the btc community...especially those with early access to btc as being prominent coins and possibly ripe for a pump on the coat tails of btc waves upward.