Bitcoincash rising
What's up with the sudden rise of Bitcoincash? Looks like it took some of Bitcoins value haha. I rather see Bitcoin rising though because it looks like when Bitcoin is rising Iota is rising too and when Bitcoincash is rising Bitcoin is going down and Iota too. But often after a bit of a downwards price the price is going up again because of people wanting to get in for that lower price.
So why does Iota (as well as Eth, ZEC, LTC and others) rise and fall with Bitcoin? Shouldn't they have a value of their own?
Fear, Bitcoin is the market leader. Most other currencies follow Bitcoin in a way. Shouldn't be like that in my opinion but it's how it is for now. It's not necessarily a bad thing, it's a chance to get some for crypto's for a lower price:)