Quote from: hewbrowden on July 30, 2018, 02:34:18 PM

Quote from: dogtana on July 25, 2018, 04:25:39 PM

It seems many people are speculating the rise of BTC and therefore are transfering value from alts to BTC. But if you want BTC, buy it with FIAT! Fresh new funds are needed on the market! You are dumping alts making prices dump hard and maybe are speculating you will be able to buy more of the alts later on, but what idiot will selll it to you at that dumped price?? So if you want BTC, buy it with FIAT or at least don't expect to buy back more of the alts for cheap!

I think that this is happening because people no longer want to keep their money in altcoins because it does not grow as before. I do not agree with this and I never do it myself.

The thing that makes the market drop is people just keep bitcoin by selling altcoins, this is certainly killing altcoins so it is difficult to compete even can disappear, if it disappear then it also has a bad effect on bitcoin, because people eventually move to fiat. Altcoins -> Bitcoin -> Fiat