RothsCoin (OP)
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February 09, 2018, 01:31:44 AM
Last edit: February 09, 2018, 02:00:32 AM by RothsCoin |
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After the historical plunge of Bitcoin from $19,000 to $6,000 in December 2017, on February 06th, 2018, the whole cryptocurrency market is adversely affected. All the coins have seen a dramatic fall. In spite of nothing related to each other, Bitcoin seems to be the head of the crypto train. Many analysts have dug deep in this field. It is believed to undergo the yo-yo experience: “It plunged now in order to skyrocket at the end of 2018”. Whether this statement is right or not, just let time answer. On early February 07th, 2018, there is a good sign that green has emerged on Coinmarketcap. Bitcoin is recorded to bound back to $7,500, yet still experienced fluctuation for a short period of time. Only USDT is independent with slight fluctuation. Generally, USDT is stabler when compared to other coins. RothscoinTeam. |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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cherryscarlett
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Power the World for FREE
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February 09, 2018, 07:40:34 AM |
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Indeed, bitcoin is the leader in cryptocurrency markets.
If bitcoin falls sharply, investors in the market will panic, and there will be a lot of sales of altcoin, causing prices to fall.
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tora
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February 09, 2018, 07:43:22 AM |
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The reasons for the fall in bitcoin,eg government actions and banks refusing to deal in fiat related to bitcoin, also apply to all crypto currencies. This has same effect on cryptos as with bitcoin.
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Samboo
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February 09, 2018, 07:44:15 AM |
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In some extent, this is the truth. Bitcoin is the most popular base coin for individuals and exchanges. And with largest marketcap, it's movement makes large emotional movement in every altcoins price. The market is still depended on bitcoin's price while it should have been depended to what each individual coin and tokens are doing.
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taseigerku
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February 09, 2018, 07:49:29 AM |
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stocks market also plunged this month...are they have some correlation?
people just want to get out in this bear market
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steins19
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February 09, 2018, 08:00:23 AM |
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It is true because the market is not as steady as most of us think. Nothing is as hollow as a bamboo can able to withstand the storm surge of interest by different people who wants take control of block chain. But I think even bitcoin plunge the market there's still hope for crypto. This can only happen if trust worthy coins can only enter the market and shit coins including the people behind the project would be prohibited from participating from any kind of campaign in ICO and Altcoins.
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than cash█░▀░█ █▄ █░▀█ █▀█ █▀░ █▀█ ░░█░░ |
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AlexaSonda
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February 09, 2018, 08:11:39 AM |
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Bitcoin is a indicator of other coins, whether the price will rise or fall. But that caused the market to plunge yesterday was not from bitcoin, it's all because crypto holders panicked after seeing the price correction and hear FUD from around the world.
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jacaf01
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February 09, 2018, 08:18:49 AM |
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It is a fact, BTC dictate the price of most if not all these Altcoins in Fiat, because it is still the gateway to enter into the space and exit it, the demand for Bitcoin is very huge and no other Altcoins compares to it, ethereum seems to be making inward road into some market but not at the scale of BTC
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manoj kumar k
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February 09, 2018, 08:21:32 AM |
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After the historical plunge of Bitcoin from $19,000 to $6,000 in December 2017, on February 06th, 2018, the whole cryptocurrency market is adversely affected. All the coins have seen a dramatic fall. In spite of nothing related to each other, Bitcoin seems to be the head of the crypto train.
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awazieik
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February 09, 2018, 08:27:32 AM |
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After the historical plunge of Bitcoin from $19,000 to $6,000 in December 2017, on February 06th, 2018, the whole cryptocurrency market is adversely affected. All the coins have seen a dramatic fall. In spite of nothing related to each other, Bitcoin seems to be the head of the crypto train. Many analysts have dug deep in this field. It is believed to undergo the yo-yo experience: “It plunged now in order to skyrocket at the end of 2018”. Whether this statement is right or not, just let time answer. On early February 07th, 2018, there is a good sign that green has emerged on Coinmarketcap. Bitcoin is recorded to bound back to $7,500, yet still experienced fluctuation for a short period of time. Only USDT is independent with slight fluctuation. Generally, USDT is stabler when compared to other coins. RothscoinTeam. The market is weird is its on way. It is complex to determine what caused Bitcoin to plunge even though, experts had said that it is due to regulations and ban by china. One thing is for sure that at this stage Bitcoin is undergoing correction, it is only a matter of time before it goes back to being bullish |
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Acguy
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February 09, 2018, 08:53:35 AM |
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That's because everything is priced in btc and alts would have to go up the same amount btc went down just to be at the same price, so it's easier for alts to just go down with it as well.
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Danglen1010
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February 10, 2018, 07:26:30 PM |
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No, the company of bitcoin is not created to plunge other coins in the market. They just have a larger slice of cake in the industry who supports their services.
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gantez
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February 10, 2018, 07:37:26 PM |
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There is a fact to this about bitcoin being the head but what wonder about this is the gains in altcoins do not come as it comes on bitcoin. The difference is so wide even in the daily marketcap. It pulls them down and rises triple times before some realizes it.  |
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QueenOfCrypto
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February 10, 2018, 08:03:17 PM |
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At the moment the whole crypto circus is a giant gambling casino so if the star of the casino plunges, gamblers hurry up selling whatever they have to go back to FIAT, which is what they were actually always interested in.
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BlasterS
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February 11, 2018, 05:27:39 PM |
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No all coins in the cryptocurrency are perfectly created in good faith.
All its purposes aside from income is to help each other to provide a excellent service to everyone which will contribute alot in every human’s life. All things regards to this is false and have no basis at all.
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Jombrangs
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February 22, 2018, 07:33:15 AM |
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For me its wrong. We can't blame it to bitcoin why all the value of coins had been dumped. Actually the value of altcoins is base on the value of bitcoin.
If the value of bitcoin goes up, then the value of altcoins wil goes up. If the value of bitcoin goes down, then the value of altcoins will goes down.
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Joemzz31
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February 27, 2018, 04:43:49 PM |
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No, this statement is false and have no basis at all to conclude. Bitcoin is created in good manner wherein its main goal is to achieve the success which will provides a great convenience for everybody.
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