You are viewing a single comment's thread from:

RE: BTC emergency update 21.01.18

in #btc7 years ago

that is because almost all trading pairs are against btc. So when BTC value goes down alts dip hard as well. A true trading pair would be against USD, USDT or native currency. I truly blame the exchanges for it. If most coins were traded against fiat you would see bitcoin not affect other coins as much.

Sort:  

True and I wonder, why the exchanges have so much power? What is their "official" reason to do so?
It just makes no sense....

Coin Marketplace

STEEM 0.22
TRX 0.26
JST 0.040
BTC 98939.69
ETH 3476.97
USDT 1.00
SBD 3.22