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dllhg (OP)
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October 09, 2017, 03:45:05 AM |
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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 ?
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Deathwing
Legendary
 Offline
Activity: 1638
Merit: 1328
Stultorum infinitus est numerus
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October 09, 2017, 03:51:16 AM |
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As Bitcoin continues to rise through, altcoins drop a bit. Then after the Bitcoin market stabilizes all the coins will eventually be "pumped" to their respective levels for that "pump" and something happens, bitcoin goes down, altcoins go down, altcoin goes up etc. Same thing happens over and over again.
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bitkanu
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October 09, 2017, 03:55:58 AM |
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As Bitcoin continues to rise through, altcoins drop a bit. Then after the Bitcoin market stabilizes all the coins will eventually be "pumped" to their respective levels for that "pump" and something happens, bitcoin goes down, altcoins go down, altcoin goes up etc. Same thing happens over and over again.
I heard the bitcoin fork segiwt 2x already denounced. That was very very terrible fork in my understand. Just greedy people wants to fork the bitcoin more and more. |
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behindcrypto
Newbie
Offline
Activity: 17
Merit: 0
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October 09, 2017, 04:02:02 AM |
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Yes May Altcoins drop more bceause of Bitcoin continues to rise through Fork, And People are expecting free Bitcoin Gold On 25th October if they will hold their Bitcoin in Bittrex and some other Exchanges. Its happening same like Bitcoin Cash. It may be the reason people are buying more Bitcoin to get Free Bitcoin Gold Equally.
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Ch1bi
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October 09, 2017, 04:08:02 AM |
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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 ?
My portfolio also has/is taking a hit. I think a lot of it comes from people wanting to sell off their alts to get as much as possible from the upcoming fork. Alts and Bitcoin also took a hit during the Bitcoin Cash fork, so the same is happening. I say just hold them and the price should bounce back. Now would be the best time to snatch up cheap alts. |
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JeffBrad12
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October 09, 2017, 04:10:48 AM |
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People are moving their money out of some altcoins to bitcoin expecting the price to increase when it near the fork and mainly because the price of bitcoin just increasing so much lately, some of them may have a plan to cash out their money when the price of btc is just rising. such a normal thing here in this crypto world.
Just see the chart, whenever bitcoin going up, many altcoins dumped
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Minecache
Legendary
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Activity: 2198
Merit: 1024
Vave.com - Crypto Casino
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October 09, 2017, 04:27:58 AM |
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According coinmarketcup the btc dominance rating is already more than 50%. It can sign that people convert their alts to btc before the fork, just like before the previous one.
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dllhg (OP)
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October 09, 2017, 06:47:32 AM |
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I am going to hold all my alt coins. I'm way in the red on most of them now. Covering all my bases and I will buy more alt coins for cheap.
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Ayaancool
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October 09, 2017, 07:14:56 AM |
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Even same for me most of my altcoins i recently bough after lots of research going in last two days its gone around 20% to 30% is that fork going to happen or its just a rumor . Please some body give genuine details . If it is true then i want to invest on bitcoin . Because i am new to this crypto trading.
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opcrypt44
Jr. Member
Offline
Activity: 55
Merit: 10
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October 09, 2017, 07:23:45 AM |
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They really are. All the iffy ones I'm out of.
Thankfully with little loss.
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fedor3327
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October 09, 2017, 07:31:31 AM |
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Yes I think everyone was surprised at the value on Bitcoin Cash. Now as humans we will want to be greedy.
A definite strategy would need to be considered.
Sell Bitcoin "high" and buy ALT's cheap.
Sell your ALT's and buy Bitcoin.
Personally I think the first option is the smart one simply because the "majority" will be following the second strategy.
As they say...When one door closes another one opens.
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coleman268
Member
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Activity: 112
Merit: 10
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October 09, 2017, 07:37:32 AM |
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This is going to continue until Bitcoin Gold releases, people will keep selling their alt coins so they can hoard more bitcoins. Honestly speaking this is the perfect time to buy alt coins while they're low though.
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Starbtc
Newbie
Offline
Activity: 26
Merit: 0
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October 09, 2017, 08:02:49 AM |
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This happens in every market , so people are free to choose hodl,buy,sell based on their plans and requirements.
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13abyknight
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October 09, 2017, 08:52:06 AM |
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Can't really call it a dump if they end up benefiting due to the fork. Remember last time? Bitcoin skyrocketed after the first fork which gave birth to BCH and all altcoins followed Bitcoin up into the sky. This time, I'm calling the same thing to happen again but not that substantial of a rise in price. The golden rule of the altcoin market for me: where BTC lies, the altcoins follow in line.
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Geenstijl
Legendary
Offline
Activity: 1232
Merit: 1000
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October 09, 2017, 09:08:13 AM |
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The alt hodling profit is the same as getting free coins due to hardfork. We all could see it 1st August.
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fragout
Legendary
Offline
Activity: 1279
Merit: 1018
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October 09, 2017, 09:23:08 AM |
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I think there will be more sell pressure on Alts until the Bitcoin Gold fork. I expect that there will be a major dump of BTG as soon as hits exchanges and BTC to rise further. The amount of money that comes back into Alts depends on how fast BTC is rising after the fork which might not be that fast with the 2X fork fear. If BTG is dumped as fast as i think it will be though, it will be a forecast as to what should happen with 2X
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Crypto-watch-Talk
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October 09, 2017, 09:31:58 AM |
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Yea I've seen it to, I have abit on Waves and it's been dropping. If your like me I am just going to hold them because after this BITcoin gold fork dies down the prices will just rise again.
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PadenoM
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October 09, 2017, 11:05:02 AM |
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Same for me, I took a hit but since a few months, I wish to buy more as it is cheap but I don't want to lose money, just hold
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moala
Member
Offline
Activity: 96
Merit: 10
Moirai ICO starts on 10/11/2017
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October 09, 2017, 11:19:46 AM |
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Hope alt coins get pumped soon. The reds are scaring me  |
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axiline
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October 09, 2017, 11:24:12 AM |
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Everybody wants a free Bitcoin Gold. I recommend to drop the alts in a small minus and re-buy them on the bottom. But some of the money is left in USDT, so the second and third bottoms may appear  |
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