It seems as though the bitcoin-altcoin gains/losses come in waves. My guess is because people pump money into alts when btc is high and alts are low, and transfer it back into btc once they've reached wanted gains from respected altcoins therefore driving bitcoin prices back up. What are your thoughts @ew-and-patterns ?
RE: BTC update 09.01.18
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BTC update 09.01.18
This is kinda right. Whenever some coin is up 40+% in one day, people sell for a quick profit. Some pump it right back into another coin.
The same goes for BTC when it has a few days winning streak.
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I agree that this could be a possible explanation although it will mean that BTC vs ALTS have always a inverse relationship which is not always true. Some times both BTC and ALTS go down and some times both go up.
May be what you propose is part of the equation and you need to add also FOMO, FUD, news, rumours, adoption rate, etc.
In all I doubt that BTC will go down to $11.000 and even less to $8.000 even if I would like to buy some more "cheap" BTC.
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