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RE: BCH - NEO - XRP - XVG - DGB... Altcoins to go phasic with BTC? Well, yes and no... Read this blog!
Yes. But remember. Most alt coins are reliant on BTC. So if BTC goes down, so do they. If BTC goes,so do they (usually). Sometimes when the price of BTC goes up quick, ALT coins suffer. But you cant solely look at USD pairs because the BTC pair might drag it down. And you first analysis says to sell low and buy high. I believe you have it backwards. I think you meant .05 not .55.
Thanks for the heads-up! Now that was a typo... Editted! ;)
As for BTC, I must say it depends. People are not forced to go through BTC to buy some BTS, ETH, NEO, BCH... Otherwise, buying alts would be irrelevant in most cases, and all we should be looking for would be BTC price moves. If a sufficient amount of € / £ / $ or whatever fiat currency is used to directly buy these cryptos, then BTC has nothing to do with their rising and falling.
That’s true. But wouldn’t you agree we aren’t at that point yet? Because most people do get into alts through BTC. That’s why BTC is generally trending up. Because most people get into crypto through BTC and then trade
Agreed on that. That's even more true when it comes to altcoins such as XVG and such, which cannot be traded via anything else than BTC (at least as of today...) in spite of being popular coins. Still, I have always bought XRP using EUR.