Think that the falling bitcoin price during the last hours, leeds to other cryptos falling too a little bit, as their trading is connected to the btc price.
It's part of a generalized statistical property of data. It happens in all markets, stocks, futures, currencies, cryptocurrencies, etc. A drunkard's walk where the crowd coincidentally move in one direction. No one worries when the coincidental movement is upwards. It only become significant if the whole market moves in a similar manner over a period of weeks.
Yes, but in other markets like stocks, futures, currencies normally when we have big drops or pumps something occur in the world. Some announcement, leads, speculation or something like that, and then the crowd moves generally in the direction corresponding to that event.
Think that the falling bitcoin price during the last hours, leeds to other cryptos falling too a little bit, as their trading is connected to the btc price.
yes correct. This is a problem in this market, because the relation of the alt coins are to big to bitcoin
It's part of a generalized statistical property of data. It happens in all markets, stocks, futures, currencies, cryptocurrencies, etc. A drunkard's walk where the crowd coincidentally move in one direction. No one worries when the coincidental movement is upwards. It only become significant if the whole market moves in a similar manner over a period of weeks.
Yes, but in other markets like stocks, futures, currencies normally when we have big drops or pumps something occur in the world. Some announcement, leads, speculation or something like that, and then the crowd moves generally in the direction corresponding to that event.
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