altcoins are so funny. and i keep saying all of these alts are pump and dumps and they don't believe me. there are still so many people who think altcoins are the good for long term investment!
i mean look at these two screen shots!
- bitcoin rises, they fall
- bitcoin falls, they fall again this time harder
(.)
Yeah, altcoins market is very tightly correlated to Bitcoin, the only way for Altcoin to go up is for Bitcoin to stay stagnant or very slowly uptrends/downtrends movement.
And I believe anything that goes up that fast will have a nasty crash, and the panic seller could help the crash nastier.