Kakashi2020 Posted December 9, 2018 Share Posted December 9, 2018 After the bull run last year, Bitcoin regressed and the price went down which is continuing now. It's also affecting the price of other Cryptocurrencies. How does Bitcoin's Performance affect the price of other Cryptocurrencies? Quote Link to comment https://slingbank.com/forums/topic/1907-does-bitcoins-performance-affect-other-cryptocurrencies/ Share on other sites More sharing options...
Caguioa747 Posted January 4, 2019 Share Posted January 4, 2019 Yes Definitely, every time that bitcoin's price goes down expect that an immediate effect on other altcoin's. I am basing it from experience as a cryptocurrency trader. Quote Link to comment https://slingbank.com/forums/topic/1907-does-bitcoins-performance-affect-other-cryptocurrencies/#findComment-3765 Share on other sites More sharing options...
Rathiel Posted January 4, 2019 Share Posted January 4, 2019 I think it's more of the confidence people have in cryptocurrencies, to be honest. When the value of bitcoin goes down, people are less likely to put money into it, and by extension, the lesser known coins. Bitcoin's the face of the platform, so to speak. If it's doing poorly, it's going to after the others. Unless a coin is made that's completely anathema to bitcoin and it somehow manages to escape being seeing as a revival of bitcoin, I doubt that there'll be a coin which is immune to drops in bitcoin value. Quote Link to comment https://slingbank.com/forums/topic/1907-does-bitcoins-performance-affect-other-cryptocurrencies/#findComment-3803 Share on other sites More sharing options...
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