Quote from: 0verseer on August 08, 2020, 04:32:59 PM

Quote from: kenelmark on August 04, 2020, 11:01:07 AM

Quote from: Iyanu14 on August 04, 2020, 10:40:21 AM

Definitely altcoins are not getting boycotted. I was asking myself why is the price of only BTC and ETH are skyrocketing at the expense of other altcoins. Then it was done on me that investors are actually selling other altcoins they have gotten in order to buy either BTC or ETH, that's probable reasons why the price of other altcoins are dropping.

The reason you gave is indeed right, but there is one more possibility that makes sense in my opinion, investors are selling other Altcoins because they are still interested in Bitcoin and ETH, anyways it's also a very logical and natural thing because BTC and ETH have always been also has a lot of demand.

I can assure both of you that altcoins weren't getting boycotted or something like that. Since ETH will have 2.0 coming soon everyone wants to diversify their portfolio to have more ETH. For BTC, lack of confidence in altcoin, as well as the market, was in the unstable state so people also want to increase diversify for their portfolio with BTC too.

Acquiring and accumulating more of there top two find is actually very good, but know that not all altcoins are worth dumping for BTC or ETH. Some of the altcoins have very good potentials are able to give more returns than investing in BTC and ETH.
If the reasons for investing in these coins are or is this, then that most be a mistake.