You are viewing a single comment's thread from:
RE: Crypto Contest November 24: Stratis
Lately i like to compare altcoins with the BTCUSD price. Usually they follow BTC up and down like a snake moves to the flute of its master. If i remember the Dow Jones theory right, 65% follow upwards and 85% follow downwards.
If i see an altcoin that just cannot follow a rising BTC price anymore, i am pessimistic.
Made a drawing for STRATUSD compared to BTCUSD https://www.tradingview.com/x/7SrKbGr1/
https://steemit.com/investors-group/@helikopterben/the-big-long-update-on-collapse-in-bitcoin-dominance-11-14-17
I believe we will see alt coins outperform bitcoin in the coming months.
It will depend on how educated people are.
I wonder why LTC is not used over BTC, for example. There is every reason to do that. Yet BTC performed better than LTC so far.