Quote from: Wind_FURY on August 14, 2018, 07:11:38 AM

Quote from: snipie on August 14, 2018, 06:30:57 AM

Most altcoins are created for a short period for a fast gain. Look at the coinmarketcap site, you will not recognise half of the coins there = fast turn-over. However, a little bit solid altcoins like ethereum and bcash dropped hugely so I think people are escaping to the safest alternative which is bitcoin.

Right! But it is not the "safest alternative", it is the only cryptocurrency to hold in bear markets, or for me, the only cryptocurrency to hold for store of value in any type of market condition. Although, I have a small "investment" in Decred. Hahaha.

Yeah I'm on that boat too. No one likes to hold altcoins for long, it's like sitting on a bomb. They love 'em and leave 'em for short term profits and then move back to bitcoin to protect those profits. And since the altcoin markets are shit right now, everyone's piling on bitcoin. Rightfully so.

After that big bubble, bitcoin has started to look stable and promising. People are coming into it cautiously because they know an opportunity when they see it. Bitcoin will be around for a lot longer because it has those security features.