Why Altcoin Pumping?

in #cryptocurrency7 years ago

1st and Main Reason is BTC going through Sideways its not getting Huge Pumps or even Huge Dumps

2nd Reason Would Be BTC Dominance. At the Moment #BTC Dominance is 44.7% Where-as Last Week it was around 50-55%

What does it mean: It Means Money is Coming into ALTS Heavily. You see only 5-10% BTC Dominance Down and ALTS Already Went 2-3X even some ALTS Went 5X, Just Think if it Goes down more 5-7% Where will ALTS Go.
😉

This is How Crypto Market Works

BTC again on correction mode
😊
Better to use stoploss
Stay in btc and
Wait for to buy alts in cheap
We will soon give profitable signal
Like xvg rdd fldc fun burst

Reason for btc down
Dont worry its just a fud to dump btc and they again buy this in. Low price.
Better to stay in Btc
And use stop loss in ur trade
Be smart and trade wise 😊

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thanks dear

Top 15 Coins as of 6:51 PST are all red except for Ripple. Is everyone just moving their money to Ripple? or are people finally cashing out?

With the Coinbase and BCH fiasco I personally know of a few people who are pulling out of Coinbase. I think this could be one reason why the prices are dropping, people have some fear about Coinbase manipulation.

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hmm you are right at some point cause you know bitcoin not getting pumped so maybe altcoin going high thats why

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