it is ok to be a newbie in the altcoin market and confuse a tiny price fluctuation with a "bullish" movement but it is not ok to write up an entire article about it and advertise that here.
It depends on the traders perspective. I don't usually base my rate on USD when I'm trading altcoin. I'm always using BTC as base currency so that my trading gauge will not be affected if ever the price of BTC drop or gains. A gain in BTC value is a good sign that altcoin price is really moving. Unlike if its only the USD price because its just the effect of BTC changing value not the altcoin itself.
nearly 99% of all the traders in this market are doing the exact same thing. nobody wants to increase their USD, they all want to make profit on their BTC and increase that. if for example you have 1 BTC today and it is worth $8000 if you can increase your BTC to 2 and it is worth $80000 in a year you have not just doubled your money, you have increased it by $152,000.
now if you invested $8000 and doubled that you only get $16,000! and that is only IF you make a profit which is near impossible with altcoins.
Majority would really accumulate Bitcoin as much as they can but there were people who are really longing for alts for them to profit.I cant blame up
people to have this kind of insight yet we know that these have still low prices which can possibly shoot up and hitting high multipliers if we do compared on
solely investing with btc.They might switch on later on but their interest was still intact thru alts neither which way as long they can benefit they wont consider
much if they are on btc or with alts being focused on.
the people who do this (buy altcoins and hold them for long term hoping for big returns) are always doing it with a bunch of altcoins (from 10 to 50) and they all end up with the same fate. they bag hold for a long time then one day they calculate their "profit" and see that they are in a huge loss. some even lose up to 95% of their money before pulling out entirely and never going back.