If more HIVE is burned the prices should go up... not down... because the less coins we have in the market the more demand there can be and therefore inflation decreases....
this has nothing to do with the fall in the price of hive... it is a correction because of the btc that affects all alternative currencies...
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It should as it was only to peg down HBD. However I do think BTC falling down takes down pretty much all cryptos. I wonder if the alt-season of people moving money out of BTC to alt-coins is what's happening or not.
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Am yet to see the relationship between BTC price and affecting other crypto price.
Those this mean that, if BTC starts coming down today, all other crypto tokens will follow it?
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Generally Bitcoin and the other crypto follow the same general trend down. However on the way back up, it could either be BTC leading with the alt-coins following or alt-coins leading with BTC following. In the case of alt-coins leading, it means that the people who were in BTC decided to move their money to the alt-coins thus causing it to boon.
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I wonder if BTC and ETH will couple for good at some point. Many are starting to buy Ethereum for similar reasons as they do bitcoin.
We will see what happens going forward. ETH could serve as a store of value for many also. The network effect is alive there.
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