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RE: Bitcoin making new all time highs, but can the reasons behind it also be good for steem and altcoins?
Man I hope so, I have been waiting on Alt's to recover since what feels like forever.
Im happy to hear about the Bitcoin futures because I think it means big things for the entire crypto marketplace, but regardless, I think Alts should recover, hopefully in a BIG way, heading into December, once the dust settles around Segwit2x hard fork.
Having said that, Im not putting any more into Alts till I see a real bull trend begin.
Agreed, there is a chance it gets a lot worse in the coming weeks. That won't be fun... Though longterm, the real ones (steem etc.) should rebound.
Altcoins have a lot of catching up to do. I really look forward to the day/week/month that happens!
For Steem I hope the best, but number of active users need to grow
https://steemit.com/statistics/@arcange/steemit-statistics-20171030-en
Man, I was just looking at prices a moment ago, BTC over $6550, and some of my fav alts down yet again, this market just wont stop kicking my a$$. Every dollar that can be squeezed out of alts is being squeezed.
Of course hind sight is 20-20 but I just wish I had held all my BTC, bought NO alts, until right before the segwit2x fork. Then bought my alt positions.
Right now I am a #bagholder, but Im not dropping them! :)
Yea I hear you. There is also shorting going on against BTC. Buy btc and short alts... that can't last forever. I hope.