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RE: Bitcoin (BTC) Mid-Day Update: Capitulation Phase??
How does every coin display the same correction pattern as Bitcoin? Almost exactly.
I understand that Bitcoin is the big daddy and its influence on the entire market but why do coins correct the same if they dont rise in the same?
Here's some screen shots i just took off my phone.
I did notice that too. BTC and NEO were exactly a one on one reaction with each other. The only reason I can find is that BTC and all coins are to much related to each other. Not showing this while going up can only be explained because of the madness that went on. We all did buy a lot of shitty coins that gave us 200 to 6000% on profits. Even cryptokitties were sold over $ 100.000,--. That's absolutely total madness.
I could have showed another 12 coins who's charts look identical to what i showed already.
Look at them again closely i really dont understand how they can all move the same, they look like the goddamn gold medal winning synchronised swim team for christs sake!!!!
This means people are buying and selling at the exact same time across multiple coins at the same % rate of decline and rise and in the exact same timeframe?
This surely can't happen naturally?
There's no way multiple coins can all move identically like that.
Anyone else seeing this?
Anyone got another explanation?
Haejin??
Feels like the twighlight zone
A lot of trading is driven by bots. That's how you explain the very similar price evolutions. The same algortihmic setup across a lot of pairs produces the same result across a lot of pairs.
AI learning human behaviour, this may be the work of Sophia
Whhoooooooo The Twilight Zone..........spooooooooooky. Now you really got me out of crypto's.
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