A significant change in the bitcoin rate instantly affects the value of other currencies. Investors are already accustomed to this, but Goldman Sachs analysts regard the trend as dangerous. In the context of the consolidation of the crypto-currency market, the cost of some of the altokones may fall to zero, leaving investors with nothing. In December of last year, the bitokoy rate reached a historic high. This was immediately followed by an increase in the value of other currencies. It is natural that at the beginning of 2018, when bitokoyn collapsed by 65%, and its capitalization in several weeks decreased by hundreds of billions of dollars, the remaining crypto-currencies followed the same path. "The close correlation between the crypto-currencies is a cause for concern," said Steven Strongin, head of investment research at Goldman Sachs, in a letter to clients. In the analyst's opinion, the correlation between crypto-currencies should alarm crypto-investors. "In a rational market, the emergence of new assets should lead to a reduction in the cost of the old, but in the case of crypto-currencies this does not happen. They all move in one direction, as a single asset class ", - quotes Strongin Business Insider. This is the important difference between crypto currencies and fiat currencies. Strongin cites as an example cases when the government decides to withdraw from circulation any currency. In this case, the residual value of the currency is determined and it is changed to another currency. With the consolidation of cryptology, there is a risk that the rate of some of the altkoks will drop to zero and investors will remain with nothing. Experts attribute this trend to the relative novelty of the market. In the sphere of trade, there are always newcomers to the crypto currency, who make decisions based on the bitcoyne rate. That is why fluctuations in BTC lead to fluctuations in the ether, Ripple and other alcoccons.

Original article: Fall of the bitcoin course can depreciate the Alcoccam - Goldman Sachs.