Nah , Bitcoin FOMO game is strong right now. Altcoins are going to get rekt. I only wonder how long the whales can keep the price of ethereum on this level. Dash already colapsing. Ethereum is just going to be the next one.
I'm wondering if Ethereum just had its April 2013 moment. I'd personally expect a collapse, though I'd never short it - too many surprises in crypto.
You are right. It looks like a new trend in the atcoins is going on, the bitcoin fork FUD pushes bitcoin look-a-like crypto's to the moon. Pump&dump style. Yesterday bitcoinplus, now Bytecoin. Also bitcoindark pumped. I am almost sure that bitcoin21 will be the next one to pump&dump with 300%. So if you like high risk short termed investment i would put my money in this one. But i would never risk such a thing, it would be madness
. Think I'll pass.
Money tends to move down the pyramid, from BTC to big alts (ETH, DASH), mid-size ones, and then the P&D vehicles. Yesterday's BTCD pump is the perfect example - it's been swapped out for another coin now, so BTCD itself has low available supply and is thinly traded.
So now we're at the bottom of the pyramid, which means there's nowhere left to go downwards. It's back to BTC or fiat from here.
Thats true, fully. But those bitcoin look-a-like crypto's are some exeptions as a result of the fork FUD. But they only pump once, no floor.
