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RE: All coins dumping.. How to Recognize Future Gainers?
Nice write up. Alts are getting crushed right now. Definitely lots of money shifting out of alts and into BTC for the "free" coins after the fork. Some good deals on good alts though. I'm keeping my eye on Lisk, Ark, and Stratis.
I disagree that Alts are down because people are trying to buy more BTC. Alts are down because of sentiment. I believe that Alts are in the same overall trend as BTC...up. That means, just like the recent bottom of $3,045 and the July bottom, BTC will move ahead of the Alts and then the Alts will follow.
I believe the Alts will bottom any moment and start printing green prices. I call this non-phasic relationship bettween BTC and Alts within the same trend.
Since one only needs to hold BTC 24 hours prior to fork event, people selling Alts to get BTC now might not be the cause.
You make some good points. Alts have been in the red the last couple of days. Smart investors will see opportunity and purchase some alts at great prices. I think once BTC goes past $5000, money will start shifting back to alts and there will be a big run up in the alts. Good luck
Great minds think alike! Upvoted comment! Following!
That's what I'm hoping for. Got some trades that have been tied up thanks to the downtrend. Decent recovery today though.