Post
Topic
Board Speculation (Altcoins)
Re: Altcoins rallying
by
Mahanton
on 15/04/2018, 20:27:02 UTC
Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

Seems like altcoin investor by seeing the flagship on altcoin at the first view. Bitcoin is the emerging in the market now and following that only we will find the altcoins value going upper in the market.
This time bump is happening because of taxation issue happening on US.
Other than that I do not think there would be a any reason for the price rise apart from this.
Taxation News on US might be a possible reasons for this price pump but we cant still be sure that this would be the only one yet there are lots of factors that do affect cryptocurrency coins in the market as of now. Some pumps into big percentage on a short period of time which isnt surprising but i would still always prefer on gradual increase not on having a sharp rise up but well as long we can able to make profits then get out or hold even more which this would depend into ones decision.