With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down.
it is IF it comes down. you know that not everything that goes up, comes down. you can see bitcoin and all the topics that have been posted by many users like you who said "when will it come down" but as you can see, it is still rising.
don't confuse bitcoin's correction with coming down and also don't confuse the pumps that altcoins have with bitcoin's rally.
Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.
NOT YET.
i think it is too soon to start buying altcions because not only they have not stopped but also they have not even showed the first signs of slowing down. the drop is in its starting phase.
My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...
What do you guys think?
first it has to go to $6000, and it depends on how it will get there. if it is the current trend and if 6k is reached in a short time (like in a week) then obviously it will fall.
if it takes a longer time with some corrections on the way up, the drop will become less and less likely and smaller correction only.
also remember than not all the money goes back to altcoins. many will go back to fiat.
that doesn't mean alts won't come back though.
