People selling alts to go back in BTC

[manselr]

Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

[LFC_Bitcoin]

Yep, most people who invest in alts only do so to be able to use them on a pump to then sell & increase their bitcoin stash.

[Ayers]

not all of them, did you see decred? it rose very high 0.02 per decred in 1 day, so unless more money are pumping decred, i see that a portion of the value of bitcoin is still in the altcoin section, you can just move 1B from bitcoin, and do an insane pump on all the altcoin, because they all have a very ow marketcap, and 1B is only 5% of btc value

[Slow death]

Yep, most people who invest in alts only do so to be able to use them on a pump to then sell & increase their bitcoin stash.

Are businesses

I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

It has always been this way, people want profits and will use the necessary means to make a profit.

Some alt coins are rising in value and are gaining more space

[lokomotive]

ETH is still trade in much higher volumes than Decreed. It just money from DASH, ZEC and other smaller shitcoins that went to Decreed.

[bitjoin]

The market had to change eventually. We hit way down at 66% BTC dominance vs alts thats pretty insane. I'm expecting a run to about 80% again sometime.

[Carlsen]

I'm not sure if it's even the people who were selling their coins.
I suppose it's mainly a relatively small groupe of traders who were dumping their coins.
hopefully they have to buy them back at a higher rate than they sold it...

[romero121]

Panic sellers who sold all their holding of bitcoin for fiat as well for altcoins would now think back and realize how potential is bitcoin. The price withstand without falling steep even on hard situations itself shows the trust it has gained than the Bitcoin Unlimited which as a temporary solution got existed.

[Money Maker Shaker]

[richardsNY]

Alts such as ETH and Dash will go down anyway as their price levels simply aren't sustainable. At some point even less knowledgeable people will realize that both alts are heavily overbought, and thus not worth investing in. It's just a matter of time before the pumpers realize that barely anyone is buying their extremely overpriced coins. People with common sense avoid using these coins as hedge. It's too late for that.

[Iranus]

It was pretty obvious that the altcoin surges were just fads.  I think that people saw that they were getting pumped and a lot of big money joined in to soar to the top and, now that they've reached it (consistently for several days), they've decided to start dropping out.  I still think there are some naive newbies who think that DASH is going somewhere though (ETH probably is going somewhere but never as high as Bitcoin), but they'll drop out along with the people who just want to increase their stake in Bitcoin.

[amacar2]

Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

Right move for now is to open SHORT position on margin trading for ETH so that you can keep earning bitcoin while ETH get dump all the way down to 0.02BTC level. 

[seradj0]

Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

Did I miss something !? no HF ? BU dead !!?
hope it is

[DeathAngel]

Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

Did I miss something !? no HF ? BU dead !!?
hope it is

BU isn't dead yet unfortunately but the last time I looked Core had over taken them. BU has lost some support I believe.

[raven7886]

Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

You are most probably right but I do watch every sunday bitcoin prices are trading positively. But I am too very much sure bitcoin prices have tested the bottom already and we can see some range bound before making another round of rally like breaking $1200 or $1250 levels.

When bitcoin prices are doing well, it is common people are coming back to bitcoins by reducing their holds of altcoins, hopefully this trend will continue to make bitcoins to bounce back to find new ath again.

[BrewMaster]

i always love seeing the downfall of altcoins just as much as i love seeing the pumps. for the past few days i have been warning people on here and another forum to be careful with alts and don't fall for their lies of more rise. now i laugh at those who didn't listen. so far dash has gone down 0.031BTC and ETH is following it with slower speed but it is happening.

Did I miss something !? no HF ? BU dead !!?
hope it is

BU needed to be alive in order to die! and it never saw the light of day!

[SONG GEET]

Did I miss something !? no HF ? BU dead !!?
hope it is

Yes they are not likely to get any support from other miners and few miners who were supporting them have already started to left them. On top of this, recent tweet from owner of one of the largest bitcoin mining pool (F2Pool) made it clear that HF will never get 75% support to get activated.  

[gentlemand]

The bigger the alts become, the more likely they are to have their own maximalists. This is no longer 2013. Some of the stuff floating around is here to stay. Throw in all the USD options now too and there's no real desire or need for many people to go back to BTC.

[JohnBitCo]

Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

All this was temporary and people understood bitcoin will always be on top of all alts.

[lite]

Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

Yep everyone getting into bitcoin, i bought a few coins while price was at $920 couldn't miss the opportunity . dash is going down hard lol.

Lol nice!