Quote from: DaRude on May 24, 2017, 08:35:47 AM

Quote from: ShroomsKit_Disgrace on May 24, 2017, 08:19:11 AM

Quote from: becoin on May 24, 2017, 08:05:52 AM

Quote from: rjclarke2000 on May 24, 2017, 06:44:13 AM

Quote from: podyx on May 24, 2017, 05:40:36 AM

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave.

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we? Wink

Again with the logic that we should all listen to financial advise from lottery winners? After all they did make a ton of money right, that must mean something right? right Huh

Well, any average Joe reading news these days will think that any of us, who owns bitcoins, are lottery winners...So your argument in general is applicable for the whole cryptocoins world.