"However, sometimes when bitcoin starts really ramping up, it sucks value from altcoin projects."
I don't mind if this happens. First, it helps kill off the weaker projects. Second, it gives me more time to purchase a weak altcoin with a strong BTC or fiat. At some point BTC will settle, and people will start looking for bargains. At that point I will have that many more altcoins I can turn into more BTC through a number of means.
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That is a very good point. I think most are just tired of seeing steem going down, myself included :)
I would like to see the inverse of this happen actually... so I can purchase a weak bitcoin with a strong altcoin. :)
Of course, that's why we have market cycles right?
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I sure hope so. This scenario doesn't seem to happen all that often though. At least not for the altcoins outside the top couple...