Ok, here’s my take on the few selected alts, but the general trend cuts across all others as well. Since the pairings are all with Bitcoin and prices should be lower reflecting the rise in Bitcoin price but…

There are two observations we should take:

1. Though the drop in alt prices seems corresponding with the Bitcoin price, the Bitcoin price has stabilised for the last 6 weeks! This can be considered a long period in crypto trading terms. However prices of the alts remain in a falling mode during this time. This can only mean one thing, capital is flowing out of the crypto investment market to other lucrative alternatives, at least for the moment.

2. Whatever goes down must come up, especially when cryptocurrency is fast becoming a generally accepted mode of payment in the world and this trend will not change. This can only mean one thing, for those of you who have spare cash and patience can capture this moment now and try your luck.

Well, if you are reading this and are doing something about it, I have a feeling you will come back and thank me later on.
Oh, and I would appreciate if you could donate some of your profits to our movie crowdfunding effort, the Bitcoin World Tour project or towards the research fund of World Blockchain Foundation.

Thank you.