Bittrex BAT Market
The Basic Attention Token is in its lowest price since May 8th of this year which made me to decide to buy some token which again I will sell for a profit. The supposed price increase of course may or may not happen for the short-term but for the long-term perspective it will certainly and I had gotten to get into that conclusion because of the charts.
Also I am a firm-believer of BTC going up (bullish) simply because of institutional buys as we can read on the news provided by some crypto analysts and websites. Also the fact that BTC's supply is dwindling is contributing to the appreciation of its value.
What will be the effect on BAT?
The price of Bitcoin always pulls the price of Altcoins whether up or down and in this case of Bitcoin being bullish we could see also a better future for almost all altcoin even those with no use cases and remains to be just like a pump and dump coin or an intricately made ponzi scheme in the guise of cryptocurrency.
Bittrex BAT Market
But for Basic Attention Token we can see the history of a shorter oscillating prices in comparison with others cryptos which is just flat. That is why I hade chosen to buy some BAT hoping of course to profit and then buy back with the principal that I used for buying.
That is my plan and I hope that BTC will be kinder and fulfill its predicted price point even if it would get delayed for some reason like a negative news from world events which actually has a big influence in the price of stock market and in effect the price of Bitcoin is affected as it always happens everytime.