People selling alts to go back in BTC

[bitbob82]

they're doing it because they know that the price of bitcoin will pump anytime soon ive been selling my doge coins and investing all the money in bitcoin right now seems a good choice since this topic is started i read some facts that i know so thats the reason why im selling my altcoin and investing again in bitcoin . they're both cryptocurrency but dogecoin is much cheaper than bitcoin.

yes actually people are expecting that very soon the price of bitcoin is going start increasing therefore they do not want to miss the opportunity and they are collecting their bitcoin they have invested in different places so as to hold them in form of bitcoin and when the price of bitcoin increase their saved bitcoins value also increase and they can get good profit.

[Nagadota]

It looks like to me that bitcoin and altcoins (top 5 ) are organs of a same body or better put it this way as their marketcaps are in sync and they share their marketcap like when BTC drops ETH and DASH/ MONERO and others increase as well but recently some whales went on ETH full frenzy simply by changing hands giving their bitcoins in exchange for ETH but then when ETH started to rise the same people now were holding bitcoins panicked and because of FOMO they went back into buying those ETH tokens and got literally manipulated by BTC whales and further in the road some people started to invest their fiat into ETH/ DASH and artificially pumped air into the bubble.

I mean damn these bitcoin whales arer smart eh?

To be fair the lines between Bitcoin and altcoin market caps are starting to fade and they're getting more independent.  I think it's a really good thing if it does happen because it shows that altcoins are starting to get viewed as separate coins instead of just ideas of things to trade with Bitcoin.

[leowonderful]

Well we're in for very bearish times ahead as stated by many people, it wouldn't hurt to sell a little bit and keep the rest of your Bitcoin. We might be seeing a trend reversal soon with all the gox-like spread on bitfinex and other exchanges and several other factors. I'd keep an eye out for Litecoin in the near future though, although price has pumped a little bit there could still be potential in it.

[panju1]

Well we're in for very bearish times ahead as stated by many people, it wouldn't hurt to sell a little bit and keep the rest of your Bitcoin. We might be seeing a trend reversal soon with all the gox-like spread on bitfinex and other exchanges and several other factors. I'd keep an eye out for Litecoin in the near future though, although price has pumped a little bit there could still be potential in it.

It is not just Litecoin. Almost all alts have been pumped massively.
If a reversal does happen, there will be bloodshed in the alt markets.

[Xandan]

I do fully agree that whenever the bubble of altcoins market will burst it will be epic for many investors who are enjoying and going all in with those markets. Bitcoin is reaching to end the drama of Segwit/BU now that is what is prolonging the speculation. Bitcoin always gains whenever whether it goes little up or little down.

[pacifista]

Some believes on the pontential of bu and other altcoins but they didnt know the true power of bitcoin and what it can do. Now people selling alts and going back to bitcoin because they realize how big profit bitcoin will give them.

[poetra2501]

Some believes on the pontential of bu and other altcoins but they didnt know the true power of bitcoin and what it can do. Now people selling alts and going back to bitcoin because they realize how big profit bitcoin will give them.

I don't think about that, I would instead prefer to hold my profitable coins
than sell it for back to Bitcoin. With trading altcoin we will quickly get money than
trading Bitcoin, because the price movement altcoin is very fast. So, I love to trading altcoin.

[Farcoin12]

That is very true. I was trading on yobit just a couple of days and there are a lot less people putting out buy orders now. I have also sold most of my altcoin so that I can buy Bitcoin.

[1Referee]

Some believes on the pontential of bu

The only people believing in BU are those connected to the BU gang, and people that are getting paid by them to troll the community. No one in his right mind aside from the mentioned types will ever support an amateurish proposal that is only meant to take over Bitcoin as we know it.

Now people selling alts and going back to bitcoin because they realize how big profit bitcoin will give them.

What gives you that impression? The price that has gone up yesterday and today? If so, then that's all due to the uncertainties around Bitfinex as people can't get fiat out anymore, and thus people buy Bitcoin to get their funds out of that exchange as soon as possible. If you look at how pumped altcoins still are, then it clearly shows that the money has not returned back to Bitcoin, and probably won't until Bitcoin finally operates larger blocks. People keep using altcoins as a hedge, which at this point is starting to turn into a hype. Near dead coins suddenly come back to life with massive amounts of volumes and 100-1000% increases in a matter of days.

[Vishnu.Reang]

This will happen sometime in the future. The altcoins are just like parasites living off Bitcoin's popularity. If you check the market cap vs user-base ratio, then alts such as Ether and Litecoin don't even have 1% of the number of users which Bitcoin is having. So there is nothing to justify the current market capitalization of these currencies.

[york780]

This will happen sometime in the future. The altcoins are just like parasites living off Bitcoin's popularity. If you check the market cap vs user-base ratio, then alts such as Ether and Litecoin don't even have 1% of the number of users which Bitcoin is having. So there is nothing to justify the current market capitalization of these currencies.

It isnt about the people my friend. Its about the money $£¥. About the kaching kaching, about the kabling kabling. All about the moneyy whalemoneyyy yeahhh!

[Slow death]

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.

I'm glad that I sold my ETH and I did not have any damage, after the losses I had in December with many altcoins, I've been researching a lot before buying any altcoin.

This will happen sometime in the future. The altcoins are just like parasites living off Bitcoin's popularity.

I agree

[xypos]

I think that one of the very important reasons why we may see people dumping their alts and going back for bitcoins, is that there is not so small possibility for hard-fork to happen.
In the moment of fork, every bitcoin holder would still have his bitcoins ( BC-bitcoin core ) but also, he would gain the other bitcoins ( BU ).
That is why people dont want to miss their chance, to hop in also into BU without even big effort. All they have to do, is hold their funds stored in bitcoin,  to also jump on other ship, with different cryptocurrency.

It is not strange at all for me, after all, people want to diversify their wallets, which is a very good move for every investor/trader.

[21kevin21]

I think that one of the very important reasons why we may see people dumping their alts and going back for bitcoins, is that there is not so small possibility for hard-fork to happen.
In the moment of fork, every bitcoin holder would still have his bitcoins ( BC-bitcoin core ) but also, he would gain the other bitcoins ( BU ).
That is why people dont want to miss their chance, to hop in also into BU without even big effort. All they have to do, is hold their funds stored in bitcoin,  to also jump on other ship, with different cryptocurrency.

It is not strange at all for me, after all, people want to diversify their wallets, which is a very good move for every investor/trader.

Yes, you need a bit of variety to earn. It's stupid to keep all the funds in one cell when you can try something new and make good money on it in a short period of time.

[joshy23]

I think that one of the very important reasons why we may see people dumping their alts and going back for bitcoins, is that there is not so small possibility for hard-fork to happen.
In the moment of fork, every bitcoin holder would still have his bitcoins ( BC-bitcoin core ) but also, he would gain the other bitcoins ( BU ).
That is why people dont want to miss their chance, to hop in also into BU without even big effort. All they have to do, is hold their funds stored in bitcoin,  to also jump on other ship, with different cryptocurrency.

It is not strange at all for me, after all, people want to diversify their wallets, which is a very good move for every investor/trader.

I think people is going to alt-coin just to get a leverage for a possible hard fork but it didn't happened, so now they are going to bitcoin investment again. Also diversification is also good, do not put all your eggs in one basket. That's why investors are putting some in altcoins as well.

[Duzter]

I think that one of the very important reasons why we may see people dumping their alts and going back for bitcoins, is that there is not so small possibility for hard-fork to happen.
In the moment of fork, every bitcoin holder would still have his bitcoins ( BC-bitcoin core ) but also, he would gain the other bitcoins ( BU ).
That is why people dont want to miss their chance, to hop in also into BU without even big effort. All they have to do, is hold their funds stored in bitcoin,  to also jump on other ship, with different cryptocurrency.

It is not strange at all for me, after all, people want to diversify their wallets, which is a very good move for every investor/trader.

I think people is going to alt-coin just to get a leverage for a possible hard fork but it didn't happened, so now they are going to bitcoin investment again. Also diversification is also good, do not put all your eggs in one basket. That's why investors are putting some in altcoins as well.

Expectation arose when the price of few altcoins increased unexpected and ​at the same the capital volume got increased. This doesn't last long so the user who have been moving to yield some good profit started to invest on bitcoin in a short.

[Fireblazer]

I think that one of the very important reasons why we may see people dumping their alts and going back for bitcoins, is that there is not so small possibility for hard-fork to happen.
In the moment of fork, every bitcoin holder would still have his bitcoins ( BC-bitcoin core ) but also, he would gain the other bitcoins ( BU ).
That is why people dont want to miss their chance, to hop in also into BU without even big effort. All they have to do, is hold their funds stored in bitcoin,  to also jump on other ship, with different cryptocurrency.

It is not strange at all for me, after all, people want to diversify their wallets, which is a very good move for every investor/trader.

I think people is going to alt-coin just to get a leverage for a possible hard fork but it didn't happened, so now they are going to bitcoin investment again. Also diversification is also good, do not put all your eggs in one basket. That's why investors are putting some in altcoins as well.

Yes, on alt-coin now you can earn more and then increase your investment in bitcoin or gold, well, it's enough to spend a little on yourself.

[Maheshkumar_Hrangkhawl]

I think most of the alts are very overpriced now. For example, Ethereum has moved past the BTC0.04 level. The user base and the number of merchant sites accepting Ethereum doesn't justify such a high valuation.

[SvenBomvolen]

Not all alts fell down after broken expectations of the fork and BU. But not all people gave up about alts and jumping back to bitcoin's train. I hold couple of LTC and it's price only grown since that time, so I don't plan to give up about it yet.

[mindrust]

Some believes on the pontential of bu and other altcoins but they didnt know the true power of bitcoin and what it can do. Now people selling alts and going back to bitcoin because they realize how big profit bitcoin will give them.

BU does only one thing that Core doesn't, it has a bigger blocksize. That's it. Core can change the blocksize without a fork if we needed it, but we don't. BU's paid terrorist organisation spams the blocks to make us think that we need it. We don't.

If you check altcoins' all time chart you'll see that most of them were sleeping for ages and suddenly woke up recently. When the game is over, whoever has woken them up will put them back into sleep again. So, if you have your profit, don't wait any longer, time to leave.