What Correlation is there Between Altcoin Index Price and Economy?

[paramind22]

What correlation is there between altcoin index price and the economy?  You could also call it the relationship between a very good altcoin mutual fund's price and the economy.  I see Digibyte was up in 150's in March 2016 which it didn't reach since it's launch.   I imagine most other good older coins were up high then too.  What was going on in the economy at large?

[Febo]

What correlation is there between altcoin index price and the economy?  You could also call it the relationship between a very good altcoin mutual fund's price and the economy.  I see Digibyte was up in 150's in March 2016 which it didn't reach since it's launch.   I imagine most other good older coins were up high then too.  What was going on in the economy at large?

Altcoin capitalisation is totally in correlation with Bitcoin. When Bitcoin was almost $1200 was altoin capitalisation highest. So if you want to search correlation with old economy. then you should first research it towards Bitcoin.

[paramind22]

What correlation is there between altcoin index price and the economy?  You could also call it the relationship between a very good altcoin mutual fund's price and the economy.  I see Digibyte was up in 150's in March 2016 which it didn't reach since it's launch.   I imagine most other good older coins were up high then too.  What was going on in the economy at large?

Altcoin capitalisation is totally in correlation with Bitcoin. When Bitcoin was almost $1200 was altoin capitalisation highest. So if you want to search correlation with old economy. then you should first research it towards Bitcoin.

I heard that when Bitcoin goes up, it takes money out of altcoins.  So, are you saying that the reverse will happen in altcoins when you see those factors happening?

[JeffBrad12]

What correlation is there between altcoin index price and the economy?  You could also call it the relationship between a very good altcoin mutual fund's price and the economy.  I see Digibyte was up in 150's in March 2016 which it didn't reach since it's launch.   I imagine most other good older coins were up high then too.  What was going on in the economy at large?

Altcoin capitalisation is totally in correlation with Bitcoin. When Bitcoin was almost $1200 was altoin capitalisation highest. So if you want to search correlation with old economy. then you should first research it towards Bitcoin.

I heard that when Bitcoin goes up, it takes money out of altcoins.  So, are you saying that the reverse will happen in altcoins when you see those factors happening?

The demand will always be migrating into the both place of them.
In this case, all of it depends on the demand.
The alt is the opposite thing for bitcoin. eventually, if the bitcoin prices are going high and the alt demand will be less. It like the money was stuck in a lot of altcoin will be moving to the bitcoin place.

[shanem]

Altcoins usually get pumped when the price of bitcoin is stagnant or dropping steadily. Whales will sell their altcoins for btc when the btc is rising. These are an example of trends you should take note of when you are buying altcoins. You will be able to find bargains when btc increases sharply.

[jjacob]

What correlation is there between altcoin index price and the economy?  You could also call it the relationship between a very good altcoin mutual fund's price and the economy.  I see Digibyte was up in 150's in March 2016 which it didn't reach since it's launch.   I imagine most other good older coins were up high then too.  What was going on in the economy at large?

Altcoin capitalisation is totally in correlation with Bitcoin. When Bitcoin was almost $1200 was altoin capitalisation highest. So if you want to search correlation with old economy. then you should first research it towards Bitcoin.

I heard that when Bitcoin goes up, it takes money out of altcoins.  So, are you saying that the reverse will happen in altcoins when you see those factors happening?

Most altcoins are quoted in terms of satoshis. The price is sticky and automatically tends to go up (in dollar terms) when Bitcoin moves up.
So to that extent it is correlated with Bitcoin.

[Febo]

What correlation is there between altcoin index price and the economy?  You could also call it the relationship between a very good altcoin mutual fund's price and the economy.  I see Digibyte was up in 150's in March 2016 which it didn't reach since it's launch.   I imagine most other good older coins were up high then too.  What was going on in the economy at large?

Altcoin capitalisation is totally in correlation with Bitcoin. When Bitcoin was almost $1200 was altoin capitalisation highest. So if you want to search correlation with old economy. then you should first research it towards Bitcoin.

I heard that when Bitcoin goes up, it takes money out of altcoins.  So, are you saying that the reverse will happen in altcoins when you see those factors happening?

If now BTC price suddenly go to $80, you will not see that BTC market capitalisation goes into altcoins market capitalisation, but into fiat. Most altcoins market capitalisation will decrease 5-10 times same as Bitcoin did.