dsmartgo

Does it even matter which coin you choose?

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
This is a 15-min side-by-side comparison of the 4 coins in GDAX market. Notice how they all move in tandem. Makes me think that it literally doesn't matter which coin you invest in. They all have the same percentage gains/declines.

- The entirety of the "value" of each coin has been lost on the market.
- It doesn't matter what is "special" about each coin. Speed of transactions, transaction fees, etc. It all goes out the window.
- Crypto has become simply a numbers game, and it doesn't matter which horse you bet on.
respectful point of view
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You new?

Sorry but you are looking way to short term, Offcourse they all follow the same pattern because it was because Bitcoin crashed. Highest volume of them are all traded in pairs with /BTC.
If you look further back you can clearly see this is a false statement.
let's take for example Ripple, Ethereum and Litecoin and their respective increase since march. Ethereum gained roughly x35 its value, Ripple x280 and Litecoin x90....
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dsmartgo robbiegrass
@robbiegrass, thanks for the comment! Yeah I'm pretty new. I picked up my first LTCs when they were ~55. Generally, the 3 that have been on Coinbase the longest have moved together, especially since LTC jumped to >300 on the 13th, but I will definitely concede that this pattern has not held true since day 1.

> Highest volume of them are all traded in pairs with /BTC
Great point.

> If you look further back you can clearly see this is a false statement.
You must admit that this has become much more prevalent in the past couple of days, even before the correction yesterday. Just because it's a "new" pattern, doesn't mean it's not true.

> let's take for example Ripple
I'm not accounting for Ripple at all in this observation for a couple of reasons:
- The way its volume is structured is much different than these.
- It's not on Coinbase.

> since march
I've been around long enough to know that may as well be saying "10 years ago" in the crypto world.

It will be interesting to me to see how this plays out and if the pattern continues.

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I noticed this today in the morning as markets were slightly recovering.. BCH and LTC moved in EXACT synchronization. I could literally watch BCH price and know exactly what was happening to LTC..
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I developed the same feeling over yesterday and today. I am also tired of the gdax outages when I want to be taking action.
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afreet77 BethanyJoy
@BethanyJoy, kraken is worse
+1 Reply
i8myapl afreet77
@afreet77, indeed.
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Kraken WTF!?
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