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RE: Trend Analysis: Altcoins Suffers As BITCOIN Goes up. Top 82 Altcoins down to NEGATIVE Trend, What's Going on?
Add to my altcoin position is my approach.
I expect this to continue right up to the fork....people are looking for the dividend that is called bitcoin gold.
Free money....although in the process, they are generating free money for those who jump on the alt coin bandwagon.
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.