|
bizfyn_ru (OP)
|
 |
March 16, 2018, 11:27:49 AM
Last edit: March 16, 2018, 11:40:17 AM by bizfyn_ru |
|
Hello friends) Looking at the charts, I saw a trend that all cryptocurrency is repeated after bitcoin. How can you explain this?  |
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
vuonghoa
Newbie
 Offline
Activity: 9
Merit: 0
|
 |
March 16, 2018, 12:02:32 PM |
|
You can see the marketcap, it has dropped a lot, the volume is also reduced. That proves that investors are withdrawing their capital, leading to a reduction in the price of all altcoin. We are waiting for a rebound, and I am confident that the market will recover soon
|
|
|
|
|
|
bizfyn_ru (OP)
|
|
March 16, 2018, 12:25:41 PM |
|
You can see the marketcap, it has dropped a lot, the volume is also reduced. That proves that investors are withdrawing their capital, leading to a reduction in the price of all altcoin. We are waiting for a rebound, and I am confident that the market will recover soon
I'm wondering why the charts of other currencies repeat bitcoin....... |
|
|
|
|
boss1dg
Member
Offline
Activity: 350
Merit: 10
|
|
March 16, 2018, 12:29:35 PM |
|
You can see the marketcap, it has dropped a lot, the volume is also reduced. That proves that investors are withdrawing their capital, leading to a reduction in the price of all altcoin. We are waiting for a rebound, and I am confident that the market will recover soon
I'm wondering why the charts of other currencies repeat bitcoin....... you talking about chart of dollar price or btc price ?? when btc dip or pump , then other alts follow it , so it is the reason most of time for similar chart. |
|
|
|
|
bizfyn_ru (OP)
|
|
March 16, 2018, 12:54:44 PM |
|
You can see the marketcap, it has dropped a lot, the volume is also reduced. That proves that investors are withdrawing their capital, leading to a reduction in the price of all altcoin. We are waiting for a rebound, and I am confident that the market will recover soon
I'm wondering why the charts of other currencies repeat bitcoin....... you talking about chart of dollar price or btc price ?? when btc dip or pump , then other alts follow it , so it is the reason most of time for similar chart. I undestand this. But why other altcoins repeat graphics btc?? For example btc and cardano. absolutely identical graphics, but cardano does not apply to bitcoin... |
|
|
|
|
tanhai
Newbie
Offline
Activity: 9
Merit: 0
|
|
March 16, 2018, 01:14:51 PM |
|
Because the price of altcoin is be prorated with bitcoin, and if the exchange rate between altcoin and bitcoin is unchanged, when the bitcoin price decreases, altcoin prices will fall.
|
|
|
|
|
|
bizfyn_ru (OP)
|
|
March 16, 2018, 02:02:03 PM |
|
Somebody can answer for my question?
|
|
|
|
|
wandino
Newbie
Offline
Activity: 112
Merit: 0
|
|
March 16, 2018, 03:33:05 PM |
|
Yeah the market follows bitcoin. No wonder it hold nearly half of the market value
|
|
|
|
|
21millionsbtc
Newbie
Offline
Activity: 154
Merit: 0
|
|
March 31, 2018, 09:26:29 PM |
|
Bitcoin market is same like this in 2013 as well when it reach all time high after then price started to drop and stable so it again bounce back
|
|
|
|
|
Mazand
Newbie
Offline
Activity: 81
Merit: 0
|
|
March 31, 2018, 09:41:24 PM |
|
Maybe Bitcoin is repeating after Stellar.
|
|
|
|
|
CryptRoller
Member
Offline
Activity: 336
Merit: 15
Mining. Hosting. Cloud Mining.
|
|
March 31, 2018, 10:51:02 PM |
|
Well it's not just the price of bitcoin. I think it reflects the common trust in the market.
|
|
|
|
|
