Yeah I had a long position back in the ~4500 Sat and took a loss around ~3900 Sat and glad I did because it broke 3000 Sat recently. Most alts are getting hammered badly. Today XRP, BCH, BSV all took huge hits.
Probably will wait until some confirmation first because who knows when this alt capitulation will end, we might keep going until we hit 80% dominance with BTC and I rather not hold XRP under 1000 Sats or ETH under 0.01.
Trading alts right now, unless you are short is very difficult.
We're sitting above 70% BTC dominance, that's abnormal in 2019! I'd understand it back in 2017 but during 2018 many projects that would be considered "risky start ups" before flourished and did amazing technical leaps and sealed amazing collaborations,
- Ethereum's NFT games have great success (btw try Axie Infinity if you're a gamer!)
- XRP is expanding its collaborations with big companies and there are 3rd party software being developed too
- STORJ is... still around I suppose... I've given up on it a long time ago but I like what they're trying to achieve and I've read about some great developments
- ARK is bringing an improved method to do smart contracts called ARK Logic
Well, I trailed off XRP for a bit, but my point is that the parallelism of BTC to the "One ring to rule them all" is stupid.
From my point of view, either whales offloaded their mined coins for BTC and then the stupid flock followed the trend (the same people who bought BTC after a 2000% run) or the government and/or whoever else is against cryptocurrencies is manipulating the markets into holding only BTC so as to make things easier to control.