Altcoins are built on hype not actual use/protocol upgrades right now.
Metal Releases Alpha wallet, price dumps 20%+
Monaco finally gets visa approval price dumps 20%+
Stratis releases alpha wallet and master nodes price dumps 15%+
Steem falls in price after amazing projects like SMT, Utopian, performance upgrades built on Steem.
Verge was the only coin to rise after news release
What can we conclude?
Markets can and are for the most part irrational much longer than you can be solvent. They are meant to shake out the weak hands so either hodl or short to accumulate more. Like a trailing stop loss, do it in the opposite direction meaning hold bitcoin but have your conditional orders 15% above the current BTC price of your altcoins so you either buy back in at a lower price or mitigate risk but still leave yourself open to catching your favorite alts when they rise back to glory!
Feeling the Same here. ETH also went slightly down after hardfork and Devcon3 going on. This is a really stupid bubble made out of greed and stupidity. BTC is probably the worst Top 100 coin and certainly the worst Top 50 coin.
WTC, OMG, PIVX and TenX are also having some really bad time. This is the stupidest market I've seen (I'm pretty young. I wasn't trading while pets.com and the like were a thing.) At least BTC isn't bad as some of the dot-com bubble stuff.
NEM has been continuously going down too. They are only a little time away from upgrading themselves to handle 4000 Tx/s
When is BTC getting lightning which isn't even a protocol level upgrade? When did BTC had any form of governance? When did BTC was an open friendly uncensored community? Who funds Blockstream?
I'm just itching for a massive crash to teach these dumb money a good lesson (even though they won't ever learn at least they'd lose money. That's wealth distribution in free market. Idiots get poorer. That's also why idiots are socialists.)
Everyone's hopping on the BTC train, eventually BTC will reach a hard correction like all things that are traded, and that should mark the rise of altcoins I'm theorizing.
Enjoying the Ethereum Devcon stream, their team is huge now and am amazed at how much technical work they're getting done. Also altcoin hunting (but not buying yet) in the meantime.