All this Speculation is meaningless or please correct me

[Gaius Cryptus Tradius]

I think the up down correlation isn't that real like it was some years ago. It is now more relaxed. It seems that some coins go up with bitcoin

[coyote50]

i've noticed that the coins that are going up with bitcoin usually go down when btc goes down. the coins that are consolidating when bitcoin goes up seem to go up when btc goes down. the ones that go down when btc goes up are a 50/50 shot at going up when bitcoin drops or flattens. one thing that will kill whatever chart pattern 90% of alts have going on is a black swan event like the china/jpm thing recently. but the market is recovering.

[amaral1977]

Hi,

Whenever bitcoin goes up green the Alts follow the same.

Whenever bitcoin goes down red the Alts follow the same.

So lets say and speculate for example Ark will be releasing a new website on 30/10/17. Investors think price will go 10x for Ark however on that same date for example some idiot banker comes on tv and say bitcoin is a fraud knocking 35% of its value from bitcoin and knocking 70% value from Ark regardless of its new website.

The question is whats the point of all this speculation when Alts prices are tied to bitcoin prices? If bitcoin is not having a good time then whats the point of speculating on Alts or when will Alts prices become independant from bitcoin prices?

So for USDT Tether seems the only independent Alt

This is normal as BTC is the first and most proven crypto. On top of that it is the gateway to crypto. Maybe with ICO fever some people around here came to crypto through ETh, but the largest majority came from BTC. So there is an established movement making BTC determine prices. On top of that BTC is considered the less risky investment so it drives prices as well. Maybe with the merging of some other strong coins, with innovative features and increased % Mcap we see some of them detaching from BTC.

[Cryptonodes]

Speculation is very useful.

Speculators are pioneers, always searching the next trend.

And they provide liquidity to markets.