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RE: Trend Analysis: Altcoins Suffers As BITCOIN Goes up. Top 82 Altcoins down to NEGATIVE Trend, What's Going on?
You just summed it, that's what I was trying to explain in this very long post. . :) People are probably jumping to the Bitcoin Gold scenario is because that's a certain amount gained.
I guess it isnt a bad idea....
If they can time it right, they also could gain by picking up altcoins on the cheap after they dump the bitcoin gold.
Either way, I see the crypto market going up as a whole in November.
You are absolutely right. The altcoin route is even more profitable. To have one Bitcoin Gold you wil have to buy one BTC and that's about $4600+Exchange fees etc. Now if you invest that in coins like OMG, Decred, Waves you will certainly earn a hefty amount when this drama is over.