Can somebody pls explain to me when bitcoin drops every other ALT coin and even bitshares drops in value. I like bitshares but this always puts me of investing in it
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Can somebody pls explain to me when bitcoin drops every other ALT coin and even bitshares drops in value. I like bitshares but this always puts me of investing in it
Its group psychology. The alts go up because people feel they missed the bitcoin train so they look for something else that looks like good value, but is yet to go up. When bitcoin drops the whole crypto market suffers from negative "crypto" sentiments. i.e. crypto will fail (all of them)
I heard it was herd mentality. My mental hurts from to many herds. Hear me!?? ;-D
Thanks so much for being part of the healthy Qurator home!