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RE: Boom. BTC Hits $6K And $100 Billion Market Cap As Helicopter Ben & Jamie Demon Warn The End Is Near

in #dtube • 7 years ago

it's due to people selling their altcoins (such as Steem) and buying bitcoins before the 2 hardforks coming up, which essentially means people holding bitcoin will get free money (bitcoin gold and bitcoin 2x).
As they sell, the values of Steem and many other altcoins drop.
Coins like BitConnect is traded pretty much ONLY with bitcoins so its value is measured in satoshis, so as bitcoin's value increase, so do the value of coins like bitconnect

7 years ago in #dtube by
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     7 years ago 

    Thanks for the explanation, makes sense and I understand the situation better. Enjoy your weekend

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