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Title: Altcoin pump after bitcoin dump? Appears not. Post by: Lord Byron on November 10, 2017, 06:49:56 PM As the title suggest, it was expected after the fork that attention would shift to the altcoins once again, ending the stagnation that was thought the result of the BTC pre-fork bullishness.
Fork canceled, it appears as though the expected BTC correction is occurring, however rather than rising, the alts seem to be ceding ground just as fast... Any informed speculators (whatever that entails) want to chime in on why this may be? Rather than shifting to the alts have people funneled into BTH instead? Title: Re: Altcoin pump after bitcoin dump? Appears not. Post by: vibingpositively on November 10, 2017, 06:53:44 PM Well I can think of a few reasons why it has alts havent returned to full glory and those include
1) The full retract isnt over yet and alts are getting started 2) People cashed out of bitcoin and went to bitcoin cash? Because that is up nearly 40% today 3) People cashed out and since the market was 205b and now is 195b the 10b that left probably wasnt alt money to begin with. these are my best theories and could be way off but I feel like #1 is most probable in this scenario Title: Re: Altcoin pump after bitcoin dump? Appears not. Post by: uslfd on November 10, 2017, 06:56:59 PM Well I can think of a few reasons why it has alts havent returned to full glory and those include 1) The full retract isnt over yet and alts are getting started 2) People cashed out of bitcoin and went to bitcoin cash? Because that is up nearly 40% today 3) People cashed out and since the market was 205b and now is 195b the 10b that left probably wasnt alt money to begin with. these are my best theories and could be way off but I feel like #1 is most probable in this scenario Excellent answer. I agree that 1. some people are moving from BTC to BCH 2. some people are totally moving out from the crypto market today |