when Btc go up most of coins go down , because of traders , they panic some time and sell valuable coin, it happen bro , it will be back , never trad with emotions you never loose before you hit sell.
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when Btc go up most of coins go down , because of traders , they panic some time and sell valuable coin, it happen bro , it will be back , never trad with emotions you never loose before you hit sell.
I don't trade on emotions.
2 factors
That being said I'm just analyzing the current situation not complaining or crying about it ;). I'm not panicking but that doesn't mean others won't...
I think the biggest factor in this is the ETC/ETH mess. All altcoins were red for most of the week, with money being drained to play around in the greatest blockchain mess of 2016. Once the traders of the ETC/ETH pair take their profits, ventures like Steemit with a long term vision, free of scandal and hard forking drama, will be preferable value stores - causing an uptick of prices.
I was going to get into the ETC/ETH mess as well (I have a small part in it, roughly 84 ETH currently but that may become STEEM very soon) in this post but I was on my phone and it starts to get a bit challenging getting all the content down in that small window :) haha. I think i'll get into it on the next Orgy's 9am Market Watch @rnobrega