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RE: Have we seen the Bottom of this Crypto Market Correction?!
Yeah,I have noticed that they do follow the same patterns. Do you think it is a normal behavior? Or the trading algorithms are kicking in?
Yeah,I have noticed that they do follow the same patterns. Do you think it is a normal behavior? Or the trading algorithms are kicking in?
I think its because so many other coins are pegged to the value of bitcoin from the start that they all follow the charts, there are a few day traders I know who, when they talk about the price of a coin they refer to it in bitcoin price as opposed to USD price, and when BTC dips they sell and buy on the same charts, so this is what i think has become of the market, Bitcoin has become the American dollar of the crypto world
Makes sense to me.