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SzaboBakter
Oct 11, 2017 7:44 AM

Correlation between BTC and NEO 

NEO / BitcoinBitfinex

Description

As of 2017.10.08 the correlation between Bitcoin and the altcoins like NEO, DGB etc. has changed from positive to negative.
Comments
Digitalsin
Meaning?.....what.

sorry i don't mean to be a dick just trying to understand.
SzaboBakter
@Digitalsin, I think it's because there is no new money coming in to the crypto market. When BTC goes up ppl sell the altcoins and vice versa.
cycler
@SzaboBakter, Do you think it is an indicator that the BTC rally is weak?
cycler
@cycler, How could BTC fulfill its upwards projections without new money, the alts would have to crash further, but that would just send people on a buying frenzy for cheap and strong alts.
SzaboBakter
@cycler, No, ppl are selling altcoins to get more BTC before the Fork.
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