Is Bitcoin holding other cryptocurrencies back?
Most, if not all, cryptocurrencies that are speculated on in the open market respond to the price of Bitcoin. This is probably mostly due to all the algorithmic trading that goes on in the centralised exchanges. If you watch the charts, it’s obvious that there are bots that are constantly scanning the price of BTC in order to respond to any price action.
In this video I talk about how Bitcoin may be holding back altcoins due to this coupling. I also talk about the non-algorithmic coupling that has more to do with human psychology.
Which crypto will fully decouple from Bitcoin? Is this even possible?
Peace & Love,