Not all, but as we can see majority of alts are negative at the moment.
My take on this is; people are dumping alts and converting them to BTC, so they'll get their hands on BitCoin Gold when BTC forks on 25th Oct.
Also, it looks like BTC is currently heading upwards which means people can pull their money out from alts, sell BTC for profit and wait for fork to buy back in when its cheap. What's your take on the current scenario?
Congratulations @cryptono0b! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Altcoins are just so hard to figure out. Your explanation makes sense. Most times when Bitcoin is dropping, Altcoins are also dropping.
I put my entire bet on Factom and Monaco...both have been disappointing !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agree, alts are hard to forecast. But, that's where I've made most of the money (not sure about others though), so it's something that one can't simply turn a blind eye on.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit