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Author Topic: Relationship between Altcoins and Bitcoin  (Read 670 times)

TheHero

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Re: Relationship between Altcoins and Bitcoin
« Reply #15 on: October 18, 2018, 04:15:52 AM »
The logic went something like this:
* When BTC is crashing, alts crash too because people sell alts for bitcoins and then bitcoins for fiat.
* When BTC is rising rapidly / is in a bubble, alts go down, because everyone wants to put every penny into bitcoin.
* When BTC is trending or rising at a normal rate, alts go up, because people want to "diversify" / get bored with btc.

Does that sound right? What do you guys think?

Yes i really agree with you. I think the market always like that.  And the last because Bitcoin is the Pioneer in this crypto world. So it would looks like the safe haven
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