People are moving their money out of some altcoins to bitcoin expecting the price to increase when it near the fork and mainly because the price of bitcoin just increasing so much lately, some of them may have a plan to cash out their money when the price of btc is just rising. such a normal thing here in this crypto world.
Just see the chart, whenever bitcoin going up, many altcoins dumped
Topic: Alt coins dumping with Bitcoin fork coming up? - page 3. (Read 1628 times)
I don't know bout you guys but my portfolio of alt coins took a major hit in the last 24 hours. I have over 50 types of coins and they have all dumped except for 2-3. XRP surprised me as it rose 15% today. I had heard some speculate that people will dump alt coins and focus on buying BTC so they can get in on the free BTC Gold once it forks.
I was tempted to do the same honestly. Decided to HODL and am considering adding to my bags of alts why they are so cheap . I also bought a few more BTC today despite prices being so high. May buy a few more tomorrow.
Thoughts on the matter ?
I was tempted to do the same honestly. Decided to HODL and am considering adding to my bags of alts why they are so cheap . I also bought a few more BTC today despite prices being so high. May buy a few more tomorrow.
Thoughts on the matter ?
My portfolio also has/is taking a hit. I think a lot of it comes from people wanting to sell off their alts to get as much as possible from the upcoming fork. Alts and Bitcoin also took a hit during the Bitcoin Cash fork, so the same is happening. I say just hold them and the price should bounce back. Now would be the best time to snatch up cheap alts.
Yes May Altcoins drop more bceause of Bitcoin continues to rise through Fork, And People are expecting free Bitcoin Gold On 25th October if they will hold their Bitcoin in Bittrex and some other Exchanges. Its happening same like Bitcoin Cash. It may be the reason people are buying more Bitcoin to get Free Bitcoin Gold Equally.
As Bitcoin continues to rise through, altcoins drop a bit. Then after the Bitcoin market stabilizes all the coins will eventually be "pumped" to their respective levels for that "pump" and something happens, bitcoin goes down, altcoins go down, altcoin goes up etc. Same thing happens over and over again.
I heard the bitcoin fork segiwt 2x already denounced. That was very very terrible fork in my understand. Just greedy people wants to fork the bitcoin more and more. 
As Bitcoin continues to rise through, altcoins drop a bit. Then after the Bitcoin market stabilizes all the coins will eventually be "pumped" to their respective levels for that "pump" and something happens, bitcoin goes down, altcoins go down, altcoin goes up etc. Same thing happens over and over again.
I don't know bout you guys but my portfolio of alt coins took a major hit in the last 24 hours. I have over 50 types of coins and they have all dumped except for 2-3. XRP surprised me as it rose 15% today. I had heard some speculate that people will dump alt coins and focus on buying BTC so they can get in on the free BTC Gold once it forks.
I was tempted to do the same honestly. Decided to HODL and am considering adding to my bags of alts why they are so cheap . I also bought a few more BTC today despite prices being so high. May buy a few more tomorrow.
Thoughts on the matter ?
I was tempted to do the same honestly. Decided to HODL and am considering adding to my bags of alts why they are so cheap . I also bought a few more BTC today despite prices being so high. May buy a few more tomorrow.
Thoughts on the matter ?
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