Anyone knows why most alt coins price is dropping down?
i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
The idea is that currently due to the bitcoin hard fork people are selling altcoins and buying bitcoin. Just to stockpile their bitcoin to get a load of bitcoin gold after the fork. I personally dont believe in this because though this is true but still people know that dumping bitcoin gold will have very low profits. Just that being a new coin getting airdropped to everyone's wallet, it gives some free money. However there has been a small crash in bitcoin price yesterday as well. So I cannot vouch for this idea that the fork is the reason for dumping of every altcoin.
Solid argument. the altcoins are bleeding as everyone is chasing to load up on BTC to benefit from the upcoming fork. However, my worry is how much will the bitcoin gold be worth after the fork. Is it worth the high price that btc has risen with in the past 2 weeks?