I frankly don't think you can use any kind of logic with cryptos, just think, what is the cause of this slump? If cryptos are decentralized why would they all lose value at the same time? Shouldn't each coin, having it's own life act differently from the others? On the other hand I am not saying your idea is bad, maybe right now is the time to put money in, but their is no evidence that it has to go up.
You are viewing a single comment's thread from:
@gduran - They all lose value because in my opinion they are all pretty much reliant on Bitcoin in one way or another.
A lot of the Altcoins can mainly brought / sold using Bitcoin which inflates their market value.
Lots of people have made profit on Bitcoin so don't see it so much of an issue using that.
For example my Bitcoin dropped and I couldn't trade with it so I brought some ETH and STEEM.
I wouldn't have done that with my real life funds.