RE: Bitcoin (BTC) Mid-Day Update: Why the Bottom Could Be Done!!

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Bitcoin (BTC) Mid-Day Update: Why the Bottom Could Be Done!!

in bitcoin •  7 years ago  (edited)

Maybe the correlation in trend has to do with the fact that most people have to buy BTC in order to buy ALTcoins?

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7 years ago by

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      ·  7 years ago 

    Good thought. I hadn't considered, but could be the reason!

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      ·  7 years ago 

    I think the correlation is:
    Once BTC goes up. If a coin was worth X BTC then automatically at the moment BTC is up, that coin USD value goes up. Because you can trade it and get the same X BTC but BTC worth more USD.

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