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RE: Why do the prices of most cryptocurrencies follow Bitcoin's price?

in #cryptocurrency6 years ago

This, without your explanation, was what I envisioned. I summed it up to no matter how you cut it if you want to cash out of a coin not paired to USD you had essentially three paths BTC, ETH or LTC. As long as your pathway is limited coin value will flow essentially in the same direction as the coins that are tradable with fiat currency.

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.033
BTC 64512.59
ETH 3174.81
USDT 1.00
SBD 3.85