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    Author Topic: How much does Bitcoin affect other cryptocurrency?  (Read 819 times)
    CYBER_COWBOY (OP)
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    May 11, 2023, 08:54:46 AM
     #1

    Hello. A newbie is wondering some stuff   Grin

    I am follow an account on Instagram that shows how much bitcoin and some other cryptocurrency´s are worth every 24 hours. and something I have noticed is almost every time bitcoin goes up many other also go up.
    And when bitcoin goes down many other also go down, of course this don´t apply everyday and all currency´s.

    I upload a picture of two days how it shows ( https://imgur.com/YYJRX7F this is two different days and it looks like this)

    My real question maybe is. If cryptocurrency´s follow each other. whats the difference if you invest in BTC or ETH or USDT for example. If you invest in all three $1000 each.
    How will it look at each invest after example 12 months? I understand its impossible to predict something like this, but some guideline.
    If they follow each other very often with +/- then the profit/loss should not be a huge difference?

    Are cryptocurrency holding each other hand in hand in someway or are they independent. It seems that they share something with each other that I don´t know anything about.

    I am far away from an expert on this but I am sure many on this forum is and gladly hear what you guys & girls thinks about it.


    Wish you the the best.
    Best regards CC!
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