Advertise with us (we do not endorse any site advertised)

Author Topic: Why Bitcoin price movement is influencing other cryptocurrecies prices?  (Read 1723 times)

0 Members and 1 Guest are viewing this topic.

Offline acesupTopic starter

  • Newbie
  • Joined: Dec 2013
  • Posts: 1
  • Karma: +0/-0
    • View Profile
This is what I don't fully understand. When bitcoin pirce is falling so are the other prices of cryptocurrencies falling. How is it happening?


Offline zagerfish

  • Newbie
  • Joined: Nov 2013
  • Posts: 12
  • Karma: +0/-0
    • View Profile
Re: Why Bitcoin price movement is influencing other cryptocurrecies prices?
« Reply #1 on: December 18, 2013, 10:28:27 PM »
The price of bitcoin isn't just about people's confidence in bitcoin, but of people's confidence in cryptos in general.

Imagine if everyone who loved eating soup decided to switch to hamburgers.

This would affect all the producers of soup, not just one soup brand.

____________________________
get 420 online at zeltasgarden.com


 

Prices of Gold in 1973 = $64.50 - the same as Bitcoin today

Started by bitcoinforum.com

Replies: 0
Views: 2046
Last post March 23, 2013, 07:15:42 PM
by bitcoinforum.com
Bitcoin House Price Conversion App

Started by nikojohnson

Replies: 1
Views: 3047
Last post April 18, 2013, 05:36:12 PM
by slc334
Android bitcoin price notifications and forum app

Started by tricks221

Replies: 0
Views: 2044
Last post November 16, 2013, 07:34:26 PM
by tricks221
Bitcoin price notifications and forum app

Started by tricks221

Replies: 0
Views: 2399
Last post November 18, 2013, 08:25:34 PM
by tricks221
Predicted Bitcoin Prices

Started by K128kevin

Replies: 0
Views: 907
Last post March 13, 2014, 01:52:15 AM
by K128kevin

your ads here