Quote from: coinling on April 15, 2017, 04:17:44 PM

Quote from: iamnotback on April 15, 2017, 04:09:04 PM

Quote from: coinling on April 15, 2017, 01:43:32 PM

Quote from: iamnotback on April 15, 2017, 12:49:39 PM

Quote from: iamnotback on April 13, 2017, 11:52:47 PM

Quote from: magneto on April 13, 2017, 11:21:40 PM

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.

I still don't get the point why altcoins should react bearish to BTC decline just now?
For the past months they were quite anti correlated to bitcoin.

Are you disagreeing or agreeing that I agreed with you? You see I was correcting myself.

Ok. But this situation now might be different, since almost all coinse pumped a lot.
So yeah you might be right about the wise decision to sell those pumped coins.

For what? For bear(bit)coin? Or fiat ^^ nah. Selling will cost them money