The Real Reason I Think BTC is Down
Okay, so it's pretty clear that altcoins are hot right now, and growing in numbers. The altcoins are in heavy competition with one another, but despite that, BTC is fueling these other currencies. BTC is here to stay, but right now a lot of BTC is being sold into RXP, NEO, XRB, etc... And as for the folks who are pump n dumping these crazy altcoins, when they are finished, they will be investing more in BTC again along with the other big dawg(s) who come out of the fight.
A word that springs to mind... Glory Hunters.
No loyalty, unfortunately.
I've always said, crypto is a long-term strategy. Constantly chasing the short-term benefits will lead to failure.