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I also find it hard to believe that the whole cryptoboom of 2017 can be narrowed down to one dimensional Tether-Bitcoin analysis.
by neiman 7y ago
I also find it hard to believe that the whole cryptoboom of 2017 can be narrowed down to one dimensional Tether-Bitcoin analysis.
- donkeyd 7y agoIt's probably a combination of manipulation on an incredible scale and the media attention this surge caused. We all know multiple people who FOMO'ed into crypto and lost most of their money. So that surge definitely wasn't all manipulation, but I'm not at all surprised that manipulation was what triggered that madness.
- neiman 7y agoThat's probably true, but hardly unique for Bitcoin imo.
- patrickk 7y agoMost of the crypto market follows Bitcoin's price, at least roughly. If Bitcoin gets up 5%, Ether and other coins might rise 6,7,10%. If you look at the 30, 60 day, etc charts of BTC vs the others, it's quite clear. So the market following the Bitcoin part is plausible.