Topic: ALTS vs BTC - page 2. (Read 1599 times)
Its just a whale game to pump&dump alts to steal noobs their btc. Thats whats going on. Greed is the backbone of the altcoinmarket. Let them play while btc keeps going up. Btc is long term; alts = pump&dump
As of this moment according to CoinMarketCap BTC is sitting pretty at a $27B Market Cap. Altcoins from #2-#99 have a combined Marketcap of $25.35B.
What would happen if the combined top 99 Alts were to take over BTC in terms of Marketcap? Trading volume has most likely surpassed it by far already, but is it not concerning at all that we are looking at ATH prices for BTC while almost all the charts for ALTs are also trading at an ATH? Where does it end?
If new money is coming in, smart money, supporting BTC and helping with this increase, I've no idea why so much money is getting flushed down to alts. Speculation purely or has someone or some group made a big move here? Does not seem too unlikely, if they are not familiar enough with crypto why would they not spend the majority of their fiat on BTC and drop it down to all below in various amounts to make sure they are good regardless of which market takes a hit.
For me these are exciting but scary times. As of right now I'm not too sure whether to hodl, sell or even buy more.
Who is behind all of this? Does anyone have any clear view of what has made us spike in this manner, this highly unlikely and weird manner?
-Hhampuz
What would happen if the combined top 99 Alts were to take over BTC in terms of Marketcap? Trading volume has most likely surpassed it by far already, but is it not concerning at all that we are looking at ATH prices for BTC while almost all the charts for ALTs are also trading at an ATH? Where does it end?
If new money is coming in, smart money, supporting BTC and helping with this increase, I've no idea why so much money is getting flushed down to alts. Speculation purely or has someone or some group made a big move here? Does not seem too unlikely, if they are not familiar enough with crypto why would they not spend the majority of their fiat on BTC and drop it down to all below in various amounts to make sure they are good regardless of which market takes a hit.
For me these are exciting but scary times. As of right now I'm not too sure whether to hodl, sell or even buy more.
Who is behind all of this? Does anyone have any clear view of what has made us spike in this manner, this highly unlikely and weird manner?
-Hhampuz
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