because they're buying opportunities.
Then again, if you're long BTC like I am, then maybe you don't mind riding the roller coaster and can enter/buy at any moment. But if you're a 'buy when everyone is selling' type, also like me, then a dip to $4000 - $3500 USD is welcome. From there, BTC will likely charge upwards again testing $7000 and then maybe $10,000.
Of course, I could be wrong. So DYOR.
In the AltCoin universe, there has been a lot of selling lately. I see it as a good trading opportunity for your favorite alts. I'm picky on alts, but two I like are Civic ($CVC) and Brave Browsers' Basic-Attention-Token ($BAT). If people are going to sell them, like they have recently, I'll pick up more.
When will MobileGo (MGO) get things sorted with Bittrex? Apparently the technical issue was solved, so it's odd why MGO hasn't been added, yet.
There is a lot of talk around Mothership ($MSP). I'm intrigued by it, as I am by the Musicoin ($MUSIC) project and Fun Time ($FUN).
And LiteCoin, wow! But if it's the "digital silver to BitCoin's gold", and is suited to transactions rather than SOV, then how far can it climb? How far should it go? I like LTC. But it seems to me that without Coinbase, it wouldn't be anywhere near its current price.
Perhaps that is part of the game now. Get a digital currency listed on Coinbase - after the trading community has pushed it to $5 or $10 - and then watch it soar as new people enter crypto using CB. If you're a trader who can find the next gem to be listed on Coinbase, then you stand to profit tremendously.
If BTC is a roller coaster, then Alts are that dizzying spin ride at the county fair. So, as always, DYOR.
What are your favorite Alts? Where do you see BTC going this year? What are you thoughts on BitCoin Cash?
Cheers!