ETH | BTC Look familiar?

in #beyondbitcoin7 years ago (edited)

Is it just me or are these charts strikingly similar patterns?


I noticed this as soon as I woke up and checked the charts this morning - strange how similar the patterns between the two are. I wonder what this means for the future of both coins?

Upon further inspection of the individual charts, they're not as strikingly similar, but it is interesting the way they're both behaving so poorly and in unison.

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In general, all cryptos tend to follow bitcoin's movements. You'll notice some slight fluctuations, but typically when bitcoin moves, alts move in the same direction

What was interesting to me was how during this last boom, it was almost as if altcoins and btc were in direct opposition - btc doing well would deflate alt growth and when btc was down, the alts would flourish

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