I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it's way to early to be selling your altcoins. It's like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?
So tell me, why are you selling your altscoins so soon?
Nice comparison with the original painting! I also wonder why people are so much eager to sell their alts too early (especially bounty hunters who dump the coin in this way).
Yes, there may be thousands of reasons - some just urgently need cash, some exchange their alts to btc and Eth or to other more prospective alts, others are just newbies and have no idea of how the market works.