One of the Bitcoin enthusiast – r/inteblio has put in an interesting analysis on how Bitcoin(BTC) performs when compared to Altcoins like ETH, LTC, XRP, BCH and others. What’s the relation between Bitcoin and Altcoins in terms of price variation.
At high level, this is how they compare.
- BTC goes parabolic (sudden increase) and Altcoins dip hard.
BTC consolidates/goes sideways and Altcoins start to pump(Increase).
BTC falls quickly due to fear/uncertainty and Altcoins fall further.
Source – reddit