You are viewing a single comment's thread from:RE: Bitcoin Price All Time High!View the full contextarvindsingh (38)in #crypto-news • 7 years ago Can anyone explain why bitcoin is surging at high price while altcoins are losing value ?
People may be selling out of their altcoins and trading it into bitcoin.
But I don't understand why people are buying bitcoin at high price and selling altcoins at lower prices ? Seems weird
New money entering the market for FOMO on Bitcoin causing BTC to rise at a faster rate than altcoins.
Buying low and selling high is what most new traders end up doing. Doesn't matter how many times we've all heard the exact opposite.