Quote:
Originally Posted by Paul
The fate of all ALT Coins are linked to Bitcoin, if Bitcoin continues to increase in value then these new ALT Coins have the potential to go up in value (a lot)
If Bitcoin falls in value then pretty much all the ALT Coins drop in value faster and harder than Bitcoin.
Risk Vs Reward
TBH I wouldn't wanna be holding any ALT Coin for anymore than 24 hours, too risky
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Today is gonna be a blood bath
China Bans Financial Companies From Bitcoin Transactions
And the price of All Alt Coins goes down with Bitcoin!
To compound matters, if you're money is tied up in one of the smaller ALT Coins and you want to dump you'll have to sell them for BTC as the small trading exchanges don't have banking licenses to trade fiat so you'll be loosing money twice as you sell into two falling markets
