I don't know bout you guys but my portfolio of alt coins took a major hit in the last 24 hours. I have over 50 types of coins and they have all dumped except for 2-3. XRP surprised me as it rose 15% today. I had heard some speculate that people will dump alt coins and focus on buying BTC so they can get in on the free BTC Gold once it forks.
I was tempted to do the same honestly. Decided to HODL and am considering adding to my bags of alts why they are so cheap . I also bought a few more BTC today despite prices being so high. May buy a few more tomorrow.
Thoughts on the matter ?
The probable thing about this is that people who have investments in altcoins have withdrawn their money from these altcoins and putting it in bitcoin (as you can see, bitcoin is rising up so fast again in the past 2 weeks). The main purpose is that they are expecting to have a share of Bitcoin Gold from their deposited BTC after the forking, just like what happened before during the Bitcoin Cash forking.