what's causing the BTC surge.

[crazy-igzo]

Low volume rise might be caused by a lack of bitcoins being sent to sell by miners as they are anticipating a price rise with the halving.

A combo of this, development on the network, good news.

Alts get dumped every time BTC goes up. Simple as that... People want to take gains on BTC so sell out of alts. True traders buy more alts when these dumps happen.

that's the idea I guess. buy more when it's cheep.

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[maokoto]

Ummmm never thought of buying some more alts when BTC goes up. I guess that I will try to apply that. Thanks.

[bitboy11]

What's causing the pump?
Speculation my friend.

[zimmah]

hey guys.
I really appreciate it if anyone tell me why BTC is rising, and why the altcoins are being dumped. how are they connected? is the btc mining difficulty augmenting a factor?
should I abandon the altcoins for now?
thanks

the trust in bitcoin has returned a bit since segwit and other developments show that scaling is not an issue.

Also, there is some FOMO (fear of missing out) with people who held altcoins, they expect bitcoin to rise because of the halving (or because of people anticipating a pump before or after the halving) and want to be on the rocket before it takes off, assuming it does take off.

and probably other reasons.

[wedatin]

hey guys.
I really appreciate it if anyone tell me why BTC is rising, and why the altcoins are being dumped. how are they connected? is the btc mining difficulty augmenting a factor?
should I abandon the altcoins for now?
thanks

the trust in bitcoin has returned a bit since segwit and other developments show that scaling is not an issue.

Also, there is some FOMO (fear of missing out) with people who held altcoins, they expect bitcoin to rise because of the halving (or because of people anticipating a pump before or after the halving) and want to be on the rocket before it takes off, assuming it does take off.

and probably other reasons.

I also think the SegWit is the cause of the recent mini pump. Although that price rise is short lived. It proves people are still watching.

[Yesterdam]

The Etherueum and the bitcoin is a good trading pair. When the Etheruem is high, you sell for bitcoin, vice versa.