SzaboBakter

Correlation between BTC and NEO

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

sorry i don't mean to be a dick just trying to understand.
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SzaboBakter Digitalsin
@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.
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cycler SzaboBakter
@SzaboBakter, Do you think it is an indicator that the BTC rally is weak?
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cycler 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.
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@cycler, No, ppl are selling altcoins to get more BTC before the Fork.
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