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does bitcoin and litecoin have a bilateral relationship?
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Topic: does bitcoin and litecoin have a bilateral relationship? (Read 454 times)
kpatric364
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does bitcoin and litecoin have a bilateral relationship?
May 15, 2017, 02:12:11 PM
#1
Ive noticed that as bitcoin goes down , so does litecoin , is it a bilateral relationship or am i reading this wrong ?
pereira4
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Re: does bitcoin and litecoin have a bilateral relationship?
May 15, 2017, 03:53:47 PM
#2
Quote from: kpatric364 on May 15, 2017, 02:12:11 PM
Ive noticed that as bitcoin goes down , so does litecoin , is it a bilateral relationship or am i reading this wrong ?
I don't see how. Generally, all altcoins go down as BTC pumps. The other day all alts were on the red except LTC tho.
It's just too hard to guess all the dynamics, but LTC is a good place to run for cover if BTC reaches a dead end were people start dumping coins due transaction backlog.
Litening network is coming so never dump all your LTC.
khufuking
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Re: does bitcoin and litecoin have a bilateral relationship?
May 15, 2017, 04:07:57 PM
#3
I think no . but the relation with
BTC
and all altcoins (litecoin being of of those alts) is the same when
BTC
pump you gonna find a lot of alts on red
due to people selling there alts to buy
BTC
and when
BTC
on big down people tend to move there money to other alts until they can buy in again into
BTC
.
but this is not fixed rule it is just general concept . you can still see a lot of alts going high while
BTC
going high . and the other way around .
So no there is no bilateral relationship between LTC and BTC . It is just LTC had really good news and was already in big pump while
BTC
got pumped
just luck.
jioy
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Re: does bitcoin and litecoin have a bilateral relationship?
May 15, 2017, 04:58:03 PM
#4
I think bitcoin and Ether square are seesaw relations
mana6
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Merit: 250
Re: does bitcoin and litecoin have a bilateral relationship?
May 16, 2017, 02:20:16 AM
#5
Quote from: jioy on May 15, 2017, 04:58:03 PM
I think bitcoin and Ether square are seesaw relations
Yes,I think so too
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does bitcoin and litecoin have a bilateral relationship?
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