Also once again.
Notice
How
Everything
Is Pegged
To
Bitcoin
Notice
How
Everything
Is Pegged
To
Bitcoin
I remember a time when it was the complete opposite.
Any explanations on this development?
The whales control more than you think. They control the floats of all the major altcoins, and peg their trading bots to the Bitcoin price so that small traders "have nowhere to run." That is, they will only pump the coins they want to pump as an out to falling prices elsewhere.
I have to agree with this reading of things. Torque might be a master of paranoid thinking and a conspiracy nut, but more often than not subsequent events agree with his (broad stroked, not numerically pinpointed) predictions.