Now btc is going up but alts are still down , why?

in #btc7 years ago

We should understand about wht is happening out in the market nd how its effecting peoples thinking ..

Lets understand it with one example....

When btc was going down alts were olso going down but now btc is going up but alts are still down , why?

So here is your answer

As you all know last month was filled up with negative thoughts about crypto world....
So peoples had converted their coins into fiat bcoz segwit was trending . But as it crossed 85%, people had understood tht there would not be split for bitcoin in future so FOMO came into play...nd price has boom in only three days....

But why alts are still down ??
Bcoz segwit is for bitcoin not for alts...so once btc gets stables at any point ... Alts will also start growing up.... Bcoz people hv started buying btc so its going up nd

I believe FOMO will play their role in alts too

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