Actually this makes a lot of sense, some people looking at it as an investment to hold and wait, others that got into it long ago are reaping in the rewards and selling/spending it.
Then there are some like you said investing it into other crypto that may jump up, Ether and litecoin But crypto is here to stay.
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If its a investment your going to hold it for the long term. However August is upon is and I hear rumors of forks and spoons and stuff.. I am grabbing my popcorns!