Quote from: Herbert2020 on July 31, 2018, 05:10:10 AM

Quote from: eann014 on July 29, 2018, 02:11:48 AM

Quote from: huffer2100 on July 23, 2018, 03:50:06 PM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

There is also a lot of alts that is good for investment. At the moment bitcoin is good for a short investment. Why? Because the price is not stable, it decreasing at any moment then after that it increases.

you can never say an altcoin is a better investment than bitcoin at any time under any circumstances because if you think bitcoin has unstable price then you already know that altcoins are at least 10 times more unstable. so if your criteria for a good investment is to be stable then you shouldn't even go near altcoins.
not to mention that technically a good investment is something that has lower risk but higher reward. in case of altcoins the risk is extremely high because they are not only not-stable but also they are heavily manipulated which makes them even more unpredictable.

Yeah the thing that worries me the most about altcoins is how easily they can be stomped out if someone wants to either hack or short them. It doesn't take much money to acquire 51% of an altcoin and then shut it down. Whereas Bitcoin is much more resilient to these risks. It's firm enough to stand on its own two feet and not get pushed around by manipulators.

It looks like it's pushing back into its downtrend though. That 7500 level is where it broke up above the downtrend it had established, and now it's back through on the negative side... hopefully not for long