Quote from: nurilham on Today at 01:32:50 AM

Quote from: Fatemablabla on October 20, 2020, 05:28:44 PM

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

Maybe because they want to double the money faster so they sell their Altcoins and use it to buy Bitcoin. This is like following a trend, if the BTC trend is stable they will go into altcoins again to look for profit again

This is exactly what happens - it is the fastest to convert crypto to crypto. When investors see Bitcoin's price accelerating, it's the fastest to convert altcoin to BTC and buy at a lower price at the beginning. Therefore, the effect is a temporary drop in the price of altcoins. When more outside money enters on the cryptocurrency market and the situation calms down, altcoin prices will also go up and catch up with Bitcoin.