Post
Topic
Board Speculation
Re: Take profits now!
by
iamnotback
on 15/04/2017, 12:49:39 UTC
If it does drop below 1000 and I'll be the first person to buy in lol

This is why altcoins decline more than BTC does when BTC declines.

Any altcoin that remained high would be sold to buy some cheap BTC. Since BTC can absorb more flows than altcoins can, the altcoins decline more on a percentage than Bitcoin. When BTC is rising, the inverse effect occurs.

So selling altcoins that had significant rises might be wise right about now while they are still near their peaks.

Comparing to the last BitFUnix heist crash which was a ~28% decline from Jan 5 to 7 and another ~11% decline from Jan 11 to 12 for a total decline of ~33%.

LTC/BTC had a 11% relative decline the day before on Jan 4 but it recovered and ended a 15% relative gain on Jan 9.

ETH/BTC had a 20% relative gain.

XMR/BTC had a 25% relative decline, but note XMR had been rising with BTC but lately XMR hasn't rise with BTC.

DASH/BTC had no leverage, so meaning it has same percentage moves as BTC.