The ALTS are not tanking..

[spazzdla]

Just saying...  the alts are on the rise while BTC is down slightly this is very unusual.

[Foerster]

This is not significant
Of the top 100 Altcoin, only 55 had any gain within the last 24 hours. (Maybe it looks like it because Peercoin and Namecoin are up double digits)

[adamstgBit]

i'm convinced.

[criptix]

Just sold all my bitcoins and bought random altcoins.

The end ia near  

Tbh there are 2 alts interesting for me.
One is btcd because it will enable bitcoin transaction to be anon which is not possible to trace back.
The other is vericoin for allday transactions.

In the future i see bitcoin as a kind of reserve currency like gold was.

[antibitcoinconsortium]

smart move to do, everybody is getting out of bitcoin faster and faster
this is going down rapidly
just look at the charts and order books, this is falling to the ground soon

[Torque]

i'm convinced.

Me too.  No one should be in BTC right now!

According to some very knowledgeable insiders on this sub, apparently Coinbase and BitPay will be completely switching over all of their existing merchants to XMR, NXT, PPC, and Ripple.  

Oh, and the Bitcoin core developers are rumored to abandon Bitcoin and join IBM for their Ethereum fork project.

[antibitcoinconsortium]

i'm convinced.

Me too.  No one should be in BTC right now!

According to some very knowledgeable insiders on this sub, apparently Coinbase and BitPay will be completely switching over all of their existing merchants to XMR, NXT, PPC, and Ripple.  

Oh, and the Bitcoin core developers are rumored to abandon Bitcoin and join IBM for their Ethereum fork project.

well yes, behind the scenes this is confirmed but not all devs, some just quit and don't continue on alternatives. theres reason bitcoin is not being developed anymore. its a dead system.

we hit 450 the coming 3 hours, be prepared if panic hits we may see 400 even

[var53]

That's rather an optimistic forecast for you!

[truehold3r]

There are alts tanking and alts rising, as usual

[adamstgBit]

my alt is tanking    

[var53]

There always seems to be at least one alt rising, even during bitcoin's worst crashes.

[adamstgBit]

if everyone could rush into cannabis coin all at once that be gr8.

[Benjig]

Dont be fool, no other alt has all the merchant adoption and infraestructure like bitcoin.. some alt currencies can skyrocket in market cap but bitcoin is not going down neither.

[TaunSew]

Bitcoin has whales who are dumping for luxury vehicles and computer hardware; then the miners who are also dumping 80% of what they mine to pay for overhead and other expenses.

This is compared to most alternates where there is no downward pressure except for the coins with whales who are cashing out.

[torpedo]

24h or 48h isn't enough to say that BTC or alts are rising or dropping. The volatility is too high to be accurate on how the market react.

[electricmarbles]

the ALTs are not really doing great, relatively speaking, if a coin goes from 1 cent to 2 cents in a day, although it is 100% growth, its not really a significant bankable amount.

[yayayo]

The altcoins are in constant decline since months. A small rise does not mean that the downtrend is broken.

I don't think that many altcoins will survive in the longterm. Maybe 2-4 will establish and maintain a somewhat significant market share. But these coins have to offer some really significant innovation that Bitcoin doesn't - a few tweaks on the parameters are not enough. I think the most promising candidates are Namecoin (the oldest altcoin; censorship-resistant domain system), one of the privacy-enhancing alts, and one of the "2nd generation" coins (Mastercoin, Counterparty, Nxt....).

Of course you can always trade shortterm if you know what you're doing. But I don't think that investing in the broad altcoin market is a good idea.

ya.ya.yo!

[counter]

The fact that the Alt's aren't tanking is very telling of the faith people have in Bitcoin.  If Bitcoin was in trouble people would likely sell their alts minus a few maybe.  The fact that they are holding is very telling about the feelings of the crypto community as a whole from my point of view.

[Yololintian]

Alts did tank in mid august, around the same time bitcoin was tanking. Since then they have recovered greatly, but everything will probably starting going down again soon. Also, I think that alts have gone up so much over the past few weeks because people are very bored with bitcoin, so speculators are more eager to participate in pump and dumps of various altcoins at the moment. Once bitcoin is clearly downtrending again, the speculators will have no second thoughts about selling their altcoins for bitcoins and then selling their bitcoins for fiat; many will panic, as always.

[Unbelive]

Just saying...  the alts are on the rise while BTC is down slightly this is very unusual.

Alts follow BTC. When BTC goes up alts goes up when BTC goes down, alts goes up. But.

Because of alts, when BTC goes up goes slower as would go without and when goes down goes slower as would go without. That makes BTC mush more stable. So.
Alts dont make BTC better because of all technology innovations, that BTC developers can steal and put into BTC, but it also makes it more stable and more adoptive fro the global economy.