It seems with the BCH fork, BTC's run up to 5k dollars, now more forks for Bitcoin most Altcoins have been in a downward trend, or certainly the ones I'm holding!?
When will the prices recover back to June highs? I'm hoping there will be a decent upside once BTC stabilises after this fork nonsense.
Although I'm debating whether to convert into BTC and re-buy after, but this could prove risky. It's just with all this new competition from recently launched ICO's and new coins I'm skeptical some of the older coins will reach there previous highs.
What are your thoughts on the Altcoins you're HODLING? Are you selling or accumulating still?
May-June was the really peak of altcoin markets. I can't remember if that is the time that they just started to offered ETH as form of investment or not. Its also the same time the ETH reach its glory days, reaching ATH and most of the pundits here saying that it will overtook bitcoin as the #1 crypto's. However, since then it hasn't recovered and I doubt that it can duplicate it. I'm no longer holding any altcoins. Well only 1 token but I'm gonna hold on it for the next 6 months. My thought is that you should hodl as long as you can and wait till you get at less a decent profit before dumping them.