People selling alts to go back in BTC

[1Referee]

based on what i have seen the reason why this is happening is because market is full of "trader wannabes". if you look around when someone asks how to make profit they suggest trading, and then when you look around more you see them call trading as gambling.
this only tells you that these people are "gullible". you tell them ETH or Dash is going to replace bitcoin and they rush to buy them to become rich when supposedly their prices reached $2000 but they face the reality soon enough and have to sell with a big loss and come back to bitcoin and start licking their wounds.

It's mind boggling how stupid certain people can be. In normal circumstances it's common sense that would tell you to stay the heck away from coins that are badly pumped already, no trading expertise required here. But these people go completely nuts on whatever comes at their way, and dive with full confidence into something that is on the edge of falling down in pieces. There is a saying; Greed makes blind - and that's really the case here. It will be a very expensive lesson for them.

[cellard]

Looks like OP was right. Bitcoin is going up and all alts have been on the red, except 3 big winners:

Bitcoin Plus
Bitcoin Dark
Bitstar

People holding coins got rich last night from those, and they are still looking healthy for the uptrend.

[Ayers]

Looks like OP was right. Bitcoin is going up and all alts have been on the red, except 3 big winners:

Bitcoin Plus
Bitcoin Dark
Bitstar

People holding coins got rich last night from those, and they are still looking healthy for the uptrend.

many alt have still a high value, they are not exactly dumped, they are still at 2x their value of what was their value when bitcoin was dumped, this is still a win win situation, because you have more money made on alt, and now more money that coem form the bitcoin that is pumped again, double profit

[gentlemand]

People holding coins got rich last night from those, and they are still looking healthy for the uptrend.

The only people holding them would be the ones who initiated the bonkers uptrends. As far as I can tell they were borderline forgotten until this 'adoption' occurred. Oblivion will return in a few days or weeks.

[cryptocrypt]

Trade situation is like that, sometimes the news and business interests is required here, no one wants to lose their investment. Trading will be like that forever, sometimes rise sometimes down, always looking for opportunities to make a profit and it is an opportunity for people to gain advantage. So I guess there's nothing to worry about.

[Raimonn]

It happens all time, when bitcoin trend goes down some traders move to alts, and now bitcoin price goes up they sell alts and return to bitcoin.

[SaShiRaJaVu]

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.

It is really good to see a bottom price just above nine hundred dollars which i cannot expect those range a couple of months back and now the new minimum is above the $900 range and it is always recovering above the three digit value and it shows the support we have even with the market speculation and if we are able to settle things we would cross new barriers with another bull run without any doubt.

[BitcoinHodler]

It happens all time, when bitcoin trend goes down some traders move to alts, and now bitcoin price goes up they sell alts and return to bitcoin.

traders are always in both markets they usually don't "go there".
what changes is that when bitcoin is not performing well, altcoin pumpers use it as an FUD to pump their own thing. and when they do, obviously that attracts a lot of money. and when pump is done traders have more money because of the big profit altcoin pumps give them, and they invest that money in bitcoin which causes the bigger rise.

[DonQuijote]

Looks like OP was right. Bitcoin is going up and all alts have been on the red, except 3 big winners:

Bitcoin Plus
Bitcoin Dark
Bitstar

People holding coins got rich last night from those, and they are still looking healthy for the uptrend.

Who they are? its the first time that i read it

[Pursuer]

Looks like OP was right. Bitcoin is going up and all alts have been on the red, except 3 big winners:

Bitcoin Plus
Bitcoin Dark
Bitstar

People holding coins got rich last night from those, and they are still looking healthy for the uptrend.

Who they are? its the first time that i read it

just open coinmarketcap.com or any other altcoin exchange there is and sort their lists based on 24 hour change and you will see which coin was the "pump of the day" that day.
and these 3 has been pumped recently. there is no need for you and I to have even heard their names, the pumpers start pumping these coins without any reason. it is all the money they have been earning in the past weeks from big coins that they are now investing in random smaller coins to pump them and increase the profit.

[senyorito123]

Looks like OP was right. Bitcoin is going up and all alts have been on the red, except 3 big winners:

Bitcoin Plus
Bitcoin Dark
Bitstar

People holding coins got rich last night from those, and they are still looking healthy for the uptrend.

Who they are? its the first time that i read it

Don't heard about them either, Is that a new coin? Since totally i doesn't read any good/bad articles about them or maybe i miss the details since im quitely busy on these past days.

But i believe their down thrends is just part of the tricky flactuation on certain exchanger and we can't point out that this is happening since stakers are returning back to hodl bitcoin for good.

[no0dlepunk]

well you know what, there is nothing bad in these people... if they want to go out of BTC then let them. BTC price drop means another great entry for us... Someone's stupidity is someone else leverage.

[iqlimasyadiqa]

today many people who leave altcoin. they are increasingly interested in bitcoin so their focus to trade bitcoin. they sell almost all of its altcoin. they panic look the prices of altcoin declining .

[poetra2501]

today many people who leave altcoin. they are increasingly interested in bitcoin so their focus to trade bitcoin. they sell almost all of its altcoin. they panic look the prices of altcoin declining .

I don't worry about the price of Bitcoin is increased because I am trade Iconomi coin (ICN) at Kraken.
We can see that how highly the price ICN now, it's amazing. Yeah now the price ICN is +60k.
So, Not all of altcoin will be down when the price of Bitcoin going up.

[pealr12]

They already know that bitcoin is the strongest of them all,, and still no other coin can beat it.
Some of them knows by now what is the importance of bitcoin, thats why  others go back in bitcoin.

[asriloni]

today many people who leave altcoin. they are increasingly interested in bitcoin so their focus to trade bitcoin. they sell almost all of its altcoin. they panic look the prices of altcoin declining .

Too many fake pump on the altcoin will be end as soon as possible and they focusing on the bitcoin trade right now.

[Gastotade]

Looks like OP was right. Bitcoin is going up and all alts have been on the red, except 3 big winners:

Bitcoin Plus
Bitcoin Dark
Bitstar

People holding coins got rich last night from those, and they are still looking healthy for the uptrend.

These are just pump and dump coins. Not many people will benefit from holding them.

[buwaytress]

Looks like OP was right. Bitcoin is going up and all alts have been on the red, except 3 big winners:

Bitcoin Plus
Bitcoin Dark
Bitstar

People holding coins got rich last night from those, and they are still looking healthy for the uptrend.

Who they are? its the first time that i read it

just open coinmarketcap.com or any other altcoin exchange there is and sort their lists based on 24 hour change and you will see which coin was the "pump of the day" that day.
and these 3 has been pumped recently. there is no need for you and I to have even heard their names, the pumpers start pumping these coins without any reason. it is all the money they have been earning in the past weeks from big coins that they are now investing in random smaller coins to pump them and increase the profit.

Precisely my thoughts. Coins like these appear out of nowhere and don't particularly need legitimacy (I say this also holding a silly sum of an extremely silly alt that has no reason to live and rise in price other than because someone(s) involved in pumping it). Whatever it is, don't be naive and think you can get into the "game" unscathed. Focus on what's at play for the long term.

[Qastessa]

It happens all time, when bitcoin trend goes down some traders move to alts, and now bitcoin price goes up they sell alts and return to bitcoin.

I do not think so. The proportion of bitcoin in the total digital currency is still dropping now.

[richardsNY]

It happens all time, when bitcoin trend goes down some traders move to alts, and now bitcoin price goes up they sell alts and return to bitcoin.

I do not think so. The proportion of bitcoin in the total digital currency is still dropping now.

He does indeed have a point, but you directly as well. Bitcoin has lost a certain percentage in regards to the totality of the crypto value, but that's not really surprising. If you look closely how things have gone lately, people (mostly those that do think forward) use altcoins to hedge Bitcoin. It may turn out to be a temporary thing, till Bitcoin finally has been updated to support larger blocks. If you look closely at the real world usage of altcoins, then it's clear that people aren't sitting in altcoins to use them. It's a pure hedge. Altcoins barely enjoy any usage worth mentioning.