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Author Topic: Why do altcoins follow bitcoin?  (Read 2836 times)

Offline getit

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Re: Why do altcoins follow bitcoin?
« Reply #30 on: November 15, 2018, 10:42:30 PM »
Btc controls the market and that is why it value affect all the others. Btc is in the middle of almost all crypto transactions and that is how come its value affect the rest
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Re: Why do altcoins follow bitcoin?
« Reply #30 on: November 15, 2018, 10:42:30 PM »

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Offline gribble

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Re: Why do altcoins follow bitcoin?
« Reply #31 on: November 16, 2018, 01:45:30 AM »
I think Because the price of bitcoin is very important for altcoin price movements, because when the price of bitcoin rises then the altcoin price will also go up and when the price of bitcoin goes down the altcoin will also go down, so I think altcoin won't dare to try to raise prices when the bitcoin price is down.
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Re: Why do altcoins follow bitcoin?
« Reply #32 on: November 16, 2018, 02:57:15 AM »
When the Bitcoin price falls or rises against the USD, all the altcoins will usually follow. This is because all altcoin prices are based on their Bitcoin exchange rate, not their USD exchange rate
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