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A comment on Crypto-currencies have lost 30% of their value in the last 3 weeks. Parent comment

Re:Crypto-currencies have lost 30% of their value in the las... by mtgx on Tuesday July 11, 2017 @08:35AM (#14743579)
Yeah, the theory that people would be moving money into LTC when the BTC potential split approaches doesn't seem to be holding, at least not yet.

For now, the main theory, that all altcoins, including LTC, take their value from BTC, and react based on BTC's movements, seems to remain true. When people lose trust in Bitcoin, they lose even more trust in other cryptocurrencies, in aggregate.

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Re:Crypto-currencies have lost 30% of their value in the las... by arisAlexis on Tuesday July 11, 2017 @09:24AM (#14743937)
yes actually it's like playing with leverage, I notice that every 2% move from BTC can results in 10% or more movements in all other coins
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