Altcoins Plunging

[meanwords]

I think you should buy cheap altcoins now because most bitcoiners sell their alts to buy bitcoin for the upcoming bitcoin gold. Then after dumping gold, the price of alt coin will pump up again

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[tanghere02]

Mostly people holding altcoins for a couple of months now sell their coins and take loss then buy bitcoin because of the recent uprise of its price. So basically one of the reasons why it is also plunging, but eventually when bitcoins price drops down or stay stead after the fork they'll for sure buy again altcoins back.

[juanichiloco]

I'm planning on waiting until at least after the hardfork before buying more alts, I think towards the end of the year and start of next we will see the good alt projects move up a lot again.

[arseaboy]

I'm planning on waiting until at least after the hardfork before buying more alts, I think towards the end of the year and start of next we will see the good alt projects move up a lot again.

the fork really affecting traders to make the rush buying more btc in order to have free money, so its better to wait till the fork ends to see what quality
alts will bounce back big, we are just repeating what happen already and we need to be more intelligence in order to gain out from this investment, alts
will bounce back its only relying with the time.

[streazight]

Altcoins are just hurting because everyone is trying to hold bitcoin right now. They will bounce back once everyone sells out their bitcoin and tries to get their alt holdings back.

That is most definite. But how long or how far to their previous state is what we do not know.
Maybe after the fork though, we might see some pretty big pumps for most of them, however, you should take note that most of these altcoins had a drastic bearish trend that would really take them time to recover.

[Gambit1306]

The best time to buy alts will be the 24th, and the best time to sell your BTC into fiat immediately on the 26th.

[asdalani]

The best time to buy alts will be the 24th, and the best time to sell your BTC into fiat immediately on the 26th.

Hopefully the price of all the altcoins will be decent enough for people to purchase an make what they gotta make so they can invest in coins that have a small value on it.

[btct22]

yes it's going to be another rollercoaster ride.. Got some BTC sidelined for cheap entry into moar Alts

[rarkenin]

All indicators show oversold zones and this levels are best to buy big amounts. Do your homework and find undervalued alts before hard fork.

[shawn995]

Most altcoins are basically just good for being pumped and that is the only advantage they add to the community anyway. Just the ability to trade them with BTC for profit while capitalizing on their pumps. No one believes in them and the future they have, unless we just do not want to face fact and that is why it became so easy for everyone to dump them pretty fast to at least have some bitcoins instead.

This statement is sadly very true.  Most altcoins are pumps and dumps.  Not all of course, and those good ones out there, are really good ones.  But, most probably aren't.  I feel like you can hold BTC long term and make out, but holding the lesser known coins long term is probably more risky.  Just my opinion of course.

I agree with this statement also that most people are trying to convert their altcoin to bitcoin because their a number of altcoin whose rate and life are going down due to which many people are trying to convert their altcoin to bitcoin. But still there are good coins of altcoin which are most favorite of many people.

[Ewox]

All indicators show oversold zones and this levels are best to buy big amounts. Do your homework and find undervalued alts before hard fork.

I agree, let's do our homework because there are a lot of undervalued coins around this time which is before the fork. It's good to buy altcoins around this time too.

[family934]

Many people are trying to convert their alt coin to bitcoin because a lot of altcoins are become dump and pump while some are still goods but the most biggest and interested are bitcoins and in future bitcoin will become more interested.

[amacar2]

yes it terms of bitcoin price of every alts is dropping but price in terms of USD is quite stable which is actually good sign for alts.
Buying more alts with whatever bitcoin you will have before fork could be the right decision because price of every alts will recover faster after the fork.

[ThunderCatSteve]

All indicators show oversold zones and this levels are best to buy big amounts. Do your homework and find undervalued alts before hard fork.

I agree, let's do our homework because there are a lot of undervalued coins around this time which is before the fork. It's good to buy altcoins around this time too.

Bitcoin has made a great place in people's minds and hearts and now one else can take its place altcoin is also increasing its popularity very quickly but Bitcoin has already made its root in digital world and altcoin is still like a newbie.

I think in coming future there will be only trades of bitcoin and other currency trade will stop and altcoin will also be included in it as bitcoin is used by many people and has a stable value or place in digital world but it not the case with altcoin as people are just buying and selling it or converting it to bitcoin and than using it so its popularity is overthrown by bitcoin and no many people know about it as many people know bitcoin and trust it.

[Lukus]

maybe its time for massive correction in alts, market is becoming overwhelming and its not like in crazy months of may/june when alts rised when btc went down...now most alts coming down either way with few exepctions...

[MiBambino]

All indicators show oversold zones and this levels are best to buy big amounts. Do your homework and find undervalued alts before hard fork.

I agree, let's do our homework because there are a lot of undervalued coins around this time which is before the fork. It's good to buy altcoins around this time too.

Bitcoin has made a great place in people's minds and hearts and now one else can take its place altcoin is also increasing its popularity very quickly but Bitcoin has already made its root in digital world and altcoin is still like a newbie.

I think in coming future there will be only trades of bitcoin and other currency trade will stop and altcoin will also be included in it as bitcoin is used by many people and has a stable value or place in digital world but it not the case with altcoin as people are just buying and selling it or converting it to bitcoin and than using it so its popularity is overthrown by bitcoin and no many people know about it as many people know bitcoin and trust it.

on the contrary, bitcoin has the first movers advantage but thats basically it. Coins like NEM are cheaper, faster and lighter, so it's actually more reasonable to assume the alts will get used the most in day to day life, where bitcoin will become a hedge. bitcoin also can't magically start doing what these other coins are doing, because its just not built that way. the platforms built around the coins, like SONM for example, can't suddenly start using bitcoin instead.

[Catmony]

maybe its time for massive correction in alts, market is becoming overwhelming and its not like in crazy months of may/june when alts rised when btc went down...now most alts coming down either way with few exepctions...

Alts will start to recover fast when there will be large dumps in bitcoin's price in next few weeks after next hardfork on november. I will be buying more alts just after the fork as their price against bitcoin gonna rise when bitcoin will be dumped after fork.