Hey,
Are we seeing a sell off in the Altcoin market again due to BTC and everyone wanting their 'free money'?
Seems most Altcoins are almost at the bottom of their cycles, is this due to people selling back into BTC? I'm also aware there is a lot more competition out there with all the ICO's.
Could this continue all the way through October and November until BTC stabilises? Then there could be a huge upside, better leave Alts and wait?
What is your strategy going forward?
Thanks,
Rich
Well, I am pretty much newb at this as well but still find myself wondering about this now. Most alts are down very much last few weeks. Seems to make sense to me that people would have sold on the news about getting free Bitcoin Gold. Either to get the free coins or on the expectation of everyone else doing it and prices going down. Now I am not sure how much more there will be drop before these events, so not sure whether to sell some at the dipped prices or just wait until after and see. Should probably follow these news better to react in time..
