Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 10/10/2017, 01:20:26 UTC
Bitcoin's going great...

But what the hell is happening with altcoins? Roll Eyes Can't we follow the old rule? When bitcoin goes up, alts go up too? Cry
People converting altcoins to btc to get more bitcoin gold, i think.
How does that work? Holders of clonecoin get another kind of clonecoin?
As long as it's free why not.

Its really frustrating... specially if you own more altcoins than bitcoins. I wasn't actually aware of this another fork, just googled it. Roll Eyes

I didn't even extract my bitcoin cash off from the last fork through public/private keys, now another fork? This is frustrating.

I don't think so that alts can go further down though. Roll Eyes




It would be frustrating if you are buying into the altcoin hype, and really believe their pump and dump bullshit, and you don't get out in time.. also frustrating if you really believe that this is the "bottom" of the altcoin dump.

I am not saying that I know for sure which way this thing is going because surely the alts can be pumped again, but you gotta think a bit more critically, if you are really so suggestive as to put more than half of your crypto allocation into alts.. I personally put over 95% into bitcoin; however, I can understand if someone might want to put 20% or 30% into alts.. yet I would still consider 50% or more to be quite a stretch and even crazy (and wishful gambling thinking) to be allocating in the 80% or more territory into alts (unless you really have some clairvoyant insight or inside connection).