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If all cryptocurrencies decentralized?
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Topic: If all cryptocurrencies decentralized? (Read 514 times)
hasar
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If all cryptocurrencies decentralized?
December 06, 2013, 01:41:54 PM
#1
Why all the cryptocurrencies falling identically? Their market movement should be different. Isn't it?
I AM A DNOTES FANS THE COIN ABOVE ALL OTHERS.
hasar
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Re: If all cryptocurrencies decentralized?
December 06, 2013, 04:09:32 PM
#2
Bump.
I AM A DNOTES FANS THE COIN ABOVE ALL OTHERS.
kaito
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Re: If all cryptocurrencies decentralized?
December 06, 2013, 04:36:19 PM
#3
They're not nearly identical.
Their movement is mainly influenced by BTC/USD, because most of them are directly tradable in BTC.
Jcw188
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Re: If all cryptocurrencies decentralized?
December 06, 2013, 04:37:33 PM
#4
I've wondered this too. Do they all move up and down, relative to BTC, together? Is there a list anywhere of ones that are outperforming the other alts?
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hasar
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Re: If all cryptocurrencies decentralized?
December 06, 2013, 04:50:30 PM
#5
So when bitcoin price falls people automatically starting to sell other coins? That's not really possible. Guy like me still holding my coins no matter what. Cause for me it's long term investment.
I AM A DNOTES FANS THE COIN ABOVE ALL OTHERS.
hasar
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Re: If all cryptocurrencies decentralized?
December 06, 2013, 05:03:51 PM
#6
I AM A DNOTES FANS THE COIN ABOVE ALL OTHERS.
hasar
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Re: If all cryptocurrencies decentralized?
December 06, 2013, 07:26:05 PM
#7
Quote from: kaito on December 06, 2013, 04:36:19 PM
They're not nearly identical.
Their movement is mainly influenced by BTC/USD, because most of them are directly tradable in BTC.
Why they are falling alltogether right now?
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kaito
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Re: If all cryptocurrencies decentralized?
December 06, 2013, 07:54:36 PM
#8
Probably because of this:
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html
hasar
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Re: If all cryptocurrencies decentralized?
December 07, 2013, 07:22:14 AM
#9
Quote from: kaito on December 06, 2013, 07:54:36 PM
Probably because of this:
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html
But chinese can't sell other alternatives right?
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Mike Christ
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Re: If all cryptocurrencies decentralized?
December 07, 2013, 07:54:19 AM
#10
It's all psychological; bitcoin's the big boss and if it's going down, everyone else believes the altcoins will go down too, so they sell and then it actually does go down; the same happens when bitcoin goes up, and the other altercoins go up. I believe the reasoning is due to the altcoins being bitcoin rip-offs so there's not much use in them except for hoping and praying one makes you rich.
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