Dear Diary: Bitcoin Pump Is Relentless
It makes us happy when we see Bitcoin pumping but the question is if that is a normal thing? I mean some say that it is just a manipulation which is really possible since there are entities out there that are so wealthy and powerful that they really can move the price up for their gains.
It would be better if the price of Altcoins would follow it immediately but the Altcoins seems to be decoupled which sometimes is a good news and sometimes a bad thing to happen because if a coin dies then no BTC pump could ever revive it.
But it is more of a possibility that Altcoins would follow the BTC price especially the coins that has a lot of use cases like for steem's social blogging app like steemit or burn your money apps like drugwars or magic(trick)dice.
One thing is for sure though, BTC price will rise into a comfortable level for the hodlers as well as most of other cryptos out there because sometimes history repeats itself and I want it to happen again with regards to pumping prices.
Source
The price of bitcoin is independent on altcoin prices and I beleive the price of bitcoin will not sustain it pump in price and the price will retrace back @cryptopie
It is better to go with the flow. :)
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