xrpbudgie Posted June 19, 2018 Share Posted June 19, 2018 Can someone explain to me HOW Bitcoin is coupled to just about the entire Altcoin market? Everything seems to rise and fall at exactly the same time. Link to comment Share on other sites More sharing options...
Valhalla_Guy Posted June 19, 2018 Share Posted June 19, 2018 That’s a good one. I believe tracking makes the math easier so the exchanges can manipulate prices without making a glaring error, at the end of the day. /s The topic has been discussed, search for ‘decoupling’ Link to comment Share on other sites More sharing options...
Trickery Posted June 19, 2018 Share Posted June 19, 2018 It's really quite simple, bitcoin is the base currency on most exchanges. Hodor 1 Link to comment Share on other sites More sharing options...
jag216 Posted June 19, 2018 Share Posted June 19, 2018 Can I add a twist to this question? The SEC provided bullish signals - Bitcoin and Ethereum are not securities. Why haven't they mooned?! Link to comment Share on other sites More sharing options...
Guest Posted June 19, 2018 Share Posted June 19, 2018 5 minutes ago, jag216 said: Can I add a twist to this question? The SEC provided bullish signals - Bitcoin and Ethereum are not securities. Why haven't they mooned?! The debate around securities wasn’t what tanked the market. After the announcement they got a minor bump but the overall suppression is being driven by different interests. Link to comment Share on other sites More sharing options...
ADingoAteMyXRP Posted June 19, 2018 Share Posted June 19, 2018 They're coupled because most of the investment into cryptocurrency right now is not specific to the coin. The big bets that are being made ask the question: "Is cryptocurrency going to be bigger, or will it shrink to nothing?" Institutional money that will do the real analysis is not in the system yet. Most investors are retail folks who only root for a coin because that's the one they own, not because the coin has inherent value. So you get investment that's relatively in proportion to the coin's popularity. Therefore not much changes. The argument that BTC is the base currency on exchanges is a nice idea, but if I want to invest in XVG... then I buy bitcoin, sell it for XVG, and I've successfully placed my bet. This doesn't explain the correlation at all. If it did, then USD and BTC would be correlated too. Link to comment Share on other sites More sharing options...
Tiamat Posted June 19, 2018 Share Posted June 19, 2018 The bots are all programmed to follow BTC OzAlphaWolf 1 Link to comment Share on other sites More sharing options...
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