I've noticed in the past week the alts are all increasing against bitcoin. Previously the prices didn't move like this. Typically when a new coin hit an exchange the price would be high for a few trades and then bottom out after it was dumped. Occasionally one favored coin would increase in value when there was some positive news. But now most of the alts are consistently rising - at least the ones listed on coinmarket cap. I wonder what the reason is? Is it due to existing bitcoin holders moving their bitcoins to alts or is it new investors/speculators moving directly to alts? Also, how long will this growth last?
I explained exactly why the coins are going up.
Some of it is Bitcoiners moving profits but most of the run we're seeing in alts is new money and this new money will build and grow massively in the coming months. Everyone in the world can invest in alt coins and there's less than 100 alts.
This is unprecedented and this will dwarf the Internet stock bubble. This has just begun, hold your coins and if you don't own any ixCoin I suggest diversifying just a little into it as I think that will the biggest one and it should happen in the next 30-90 days.