Bitcoin has left Altcoins in the dust. Now is a good time to buy.

alexeysaharovski (42)in #cryptocurrency • 7 years ago (edited)

Bitcoin has risen by over £400 in the past week. Its a stagering increase in a relatively short period of time. But this is not surprising as with the anticipation of Segwit2x and Bitcoin Gold everyone is pumping their money into Bitcoin.

This is stealing thunder from altcoins as most of then have decreased in value. Even ethereum is in the red and this is in anticipation of the bathantium upgrade. Many speculate that the money is simply flowing out of the altcoins into Bitcoin as people want to get a bigger share of Bitcoin Gold when the update happens on 25th of October. But there have also been rumours that the price fall of altcoins was caused by Bittrex. I wont go into it but you can find out more yourself if you do the research.

So when everyone is selling you should be buying as the right altcoins can have a bigger % return than the Bitcoin hard forks. Also as the excitement around Bitcoin fork is going to die down we will see a lot of money floding back into altcoins increasing their value.

So check out Coin Market Cap - https://coinmarketcap.com/ and do your own research.

Some of the altcoins that i am watching closely are XRP, NEO, ADA, LINK & ARK.

#bitcoin #blockchain #video

7 years ago in #cryptocurrency by alexeysaharovski (42)

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