Post
Topic
Board Speculation (Altcoins)
Re: Looks like another crash is coming!!
by
Karmakid
on 15/08/2017, 15:49:32 UTC
here is what usually happens:
- bitcoin goes up > altcoins get dumped
- bitcoin dumps > altcoins get dumped harder
- bitcoin stays stable > altcoins get pumped

you should hope for the third option to happen. and the reason for it is very simple, in both first 2 options traders are always in bitcoin market either picking up cheap coins or making profit or shorting,...

but when option #3 happens, they look for an alternative way of making money. and that would be altcoin market and the pumps in it.

I actually agree with this, as you can see a lot of people who holds altcoin sells altcoin because of the temption that bitcoin brings. Who wouldn't want to have bitcoins when it's pumped really hard. The second option is also true, when bitcoin dumps most likely it affects altcoins too. The best option is the third one, I guess there's no need to explain.