This is an amazing opportunity to buy really cheap coins, people are dumping out of fear not only bitcoin, which is the coin in actual danger of chain split, but ALL altcoins.
A lot of people invested in Bitcoin through sheer speculation and don't know what is going on with it, they only understand something bad will happen on the 1º of august and they see the FUD being raised by certain youbuters and think "shit I need to dump", some of these people apparently invested in the altcoins too and are now pulling out of those, and so we keep seeing all coins dumping in price, and then going up a little and then dumping again.
Another theory for why bitcoin could be dumping so hard is that since alphabay is down, alphabay being a criminal marketplace, the clients are now selling their cryptos that they were using to buy the market goods, or maybe if it was an exit scam the owners are now dumping the cryptos that were deposited on the market.
Anyhow, needless to say this is a great opportunity get some coins at crazy cheap prices, just look at the image below:
All the coins are following the same pattern, the uninformed dumpers dump and the informed buy back the coins. There's still 20 days to go until 1º august, I'm guessing the prices will be crazy cheap so get ready to scoop up your favorite coins.
That will be all, peace out.
