The relationship between BTC and alts is not so simple anymore. If BTC rose it guaranteed a knee jerk drop in alts.....all of them. But I was surprised how the last big rose in BTC actually lifted all boats.
Saying that, I sense a minor bloodbath in alts is coming just because many of them have moved too much too quickly. BTC is definitely the safe haven right now. The. Wait for next big opportunity in alts.
Topic: Bitcoin rally pops altcoin bubble - page 2. (Read 1545 times)
Pick up cheap alts? What, after they've been inflated past all rational valuations? Nah, I think it would be a great idea to sell and take your profit off the table now (if you made one). I definitely wouldn't be buying right now. Bitcoin maybe, but NOT any altcoins.
ETH, LTC, DASH... all on the red. Bitcoin pumping to $1100 levels too. People quickly dump alts when bitcoin wakes up, even in this scenario of controversy due ChinaBU hard fork fears. Maybe it's a good time to pick some cheap alts after the rally is over.
You have to react very quickly because when bitcoin's price jump all alts usually overreact and dump way more for a slow time after quickly going back up at a higher value.
ETH, LTC, DASH... all on the red. Bitcoin pumping to $1100 levels too. People quickly dump alts when bitcoin wakes up, even in this scenario of controversy due ChinaBU hard fork fears. Maybe it's a good time to pick some cheap alts after the rally is over.
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