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.
whenever there is an altcoin dump the first reason that comes to mind is that it is the normal way of things with altcoins. it really isn't something strange. they altcoins get pumped then they are dumped. some faster than others. and they are "at the end of their cycles" the cycle of pump and dump and then bottom and below bottom and maybe in far away future, another pump.
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?
bitcoin has never been stable, at least not for long and it is not about to start becoming stable anytime soon.
What is your strategy going forward?
my strategy is to ignore all the altcoins that are getting dumped and start looking for those that are getting pumped. there are a lot of them out there and every day at least a couple are on the pumping side.