Why are cryptos going up right now?

[aioc]

Hey,

does anyone have an explanation for the current bullrun of cryptos (BTX and ALTs)?

The only explanation is whales are backing up these coins,actually not all altcoins are having the same pump some of them are also experiencing from slow to heavy dump.this is trading anyway,not everyday is your lucky day..

[Spoetnik]

Since BTC is spiking a lot of the other major high volume alts ride the coat tails. If you know how to manage it properly you can make a pretty good return.

Profit comes directly from the expense of others.
Your profit is another guys LOSS.

Which is a key factor in thinking 2013 is starting all over again.

Think very carefully about being a trapped bag holder people.

[Febo]

Not all some of the cryptos that I'm supporting are having a hard time with it's price and it's volume as well not only price but those new ico's are also having a problem on how they can sell their ico to investors,it seems everybody are on Bitcoin because of the appreciation.

Yes. Altho it looks like all Crypto goes up, this is not the case. Some are staying at same $ value for some time  No matter that Bitcoin price is rising. 
In general, yes it looks scary. And most scary part is that this is only the beginning. If Bitcoin goes to $3000+ then we will see a horror movie.

[mindrust]

Trump is the answer. He is moving Chevrolet and Ford back into America. He also warned Apple about the subject. No more cheap peasants from China.

USA is the biggest employer of China atm. If USA dont give any jobs to them, they'll be starving to death. No matter how cheap they are, no matter how much they devaluate their national currency they can't replace USA with anyone else.

Chinese people are freaked out atm. They are attacking bitcoin like there is no tomorrow. China's collapse won't help the other emerging markets neither. They will also be having massive problems.

[jeffthebaker]

Trump is the answer. He is moving Chevrolet and Ford back into America. He also warned Apple about the subject. No more cheap peasants from China.

USA is the biggest employer of China atm. If USA dont give any jobs to them, they'll be starving to death. No matter how cheap they are, no matter how much they devaluate their national currency they can't replace USA with anyone else.

Chinese people are freaked out atm. They are attacking bitcoin like there is no tomorrow. China's collapse won't help the other emerging markets neither. They will also be having massive problems.

That's an interesting position, and one I haven't actually considered until now, but your opinion does seem to hold credence.

However, do you also think the end result of reduction of exports would lead to Bitcoin depreciating in terms of CNY? China keeps their domestic currency artifically cheap (as you mentioned), so that more people are enticed to buy their exports. If Trump builds up enough waves in global trade so that China adapts a more domestic industrial focus, CNY will surely appreciate making Bitcoin a poor investment for a Chinaman.

[andrew2k]

A little late to the discussion but there's my view. Since most of the altcoins out there are generally exchanged with Bitcoin, a part of the reason they all went up is because of the drag of Bitcoin. Of course each coin has it's own course when it comes to the dollar but think about this: Bitcoin increases, most of the Alts are traded in Bitcoin, before most of the sellers and buyers notice the Bitcoin rise/fall the orders get completed, prices already go up or down and so on.

Then you get a domino effect which is uncontrollable because the market is moving too fast. You won't need this to happen to all the orders, just to a few of them. The delay of the human factor and drag of Bitcoin probably caused all this, as proof we've seen almost all of the Alts increasing and decreasing with Bitcoin.

To all this you can add new people investing because of recent news and of course new people panicking very fast and selling after prices started dropping. People might also see the Bitcoin increase and so they'll go with the trend of also rising the prices of other Alts when sending new orders to exchanges.

[billybobmaryjoe]

It cycles like this.

New hype cycle begins. Then volume drops. then prices drop. Then someone declares bitcoin dead. Rinse. repeat.

So I wonder how long till bitcoin is declared dead again? 90 days or so watch.