While currency pairing may be a good way to avoid interest as opposed to currency - fiat- currency; the bitcoin pairing with other currencies creates Bitcoin related instability , false signals and price movements that induce panic and either false buying or selling pressure. Maker / Taker model could help solve that particular aspect of things.
Bitcoin may be called the "flagship" currency due to it's overall market capitalization, but just as with the term , so comes a correlation that may not apply.
Often , it seems that by the time the interexchange rate adjusts , the value of an alt-coin has already been pushed from support by the movement of this "flagship" currency.
Its designation as such is also damaging and confusing , especially to those who don't do basis research on the fundamental technology behind a coin ; as the technology is not all the same, yet a threat to one - take mining for example , all too often brings down currencies that are NOT mined.
I believe coupling at this point is a leading cause of collateral price movements that otherwise make no sense.
The entire U.S. Market is bleeding , and the only notable coin that's truly in the green is something called Factom , which has gained %50, which looks suspicious to me.
*I am not a financial advisor , not trained in any classical sense. I base my writing on close observation of the market , what few existing metrics CAN apply in my opinion , observation of order books , and prices across different exchanges.*
Bitcoin may be called the "flagship" currency due to it's overall market capitalization, but just as with the term , so comes a correlation that may not apply.
Often , it seems that by the time the interexchange rate adjusts , the value of an alt-coin has already been pushed from support by the movement of this "flagship" currency.
Its designation as such is also damaging and confusing , especially to those who don't do basis research on the fundamental technology behind a coin ; as the technology is not all the same, yet a threat to one - take mining for example , all too often brings down currencies that are NOT mined.
I believe coupling at this point is a leading cause of collateral price movements that otherwise make no sense.
The entire U.S. Market is bleeding , and the only notable coin that's truly in the green is something called Factom , which has gained %50, which looks suspicious to me.
*I am not a financial advisor , not trained in any classical sense. I base my writing on close observation of the market , what few existing metrics CAN apply in my opinion , observation of order books , and prices across different exchanges.*