Topic: Alt coins better or stable during bitcoin lot of movement - page 4. (Read 559 times)
It does not mean that altcoins are not good for long term holdings. It all depends on what kind of altcoins you are holding right now. Last 2017 I happened to purchase a lot of altcoins (I will not mentioned the name of the coin) and last here it goes up in value and guess what I earned 40k$ of profit from selling my holdings with a start up capital of 40$. So what I mean is that not all altcoins are bad for holding, we have also altcoins in top 10 at coinmarketcap and those are good to hold such as ethereum, ripple, dash and many others.
The problem with altcoins is that most of them have no value or real use, which is what makes Bitcoin and a handful of other coins stand out. They are not supposed to perform well if there is no purpose to them. Imo, it is better for them to fall and disappear, and leave those actually worth something at the top.
I remember again my experienced before if I can see some topic like this.
Since before, my portfolio are almost 70% altcoins and 30% Bitcoins.
See that allocation? And as we saw the lost of most altcoins are almost 70-90% lost. That was my worst days and months, and I felt relieved when I starting to convert some of my altcoins to Bitcoin in LOST. Well, tough decision but it's okay.
Since before, my portfolio are almost 70% altcoins and 30% Bitcoins.
See that allocation? And as we saw the lost of most altcoins are almost 70-90% lost. That was my worst days and months, and I felt relieved when I starting to convert some of my altcoins to Bitcoin in LOST. Well, tough decision but it's okay.
stop blaming bitcoin for the failure of shitcoins.
altcoins are down 80% to 99% because they are pump and dump schemes that have been pumped before and went into unrealistic prices and now that they have lost 99% of that ATH they are starting to get closer to their realistic prices.
it has nothing to do with bitcoin and it being volatile.
altcoins are down 80% to 99% because they are pump and dump schemes that have been pumped before and went into unrealistic prices and now that they have lost 99% of that ATH they are starting to get closer to their realistic prices.
it has nothing to do with bitcoin and it being volatile.
I reckon it's due to the risking Bitcoin dominance.
During the 2017 boom and drop we saw altcoins follow heavily based on the market, if BTC went up altcoins had to go up, and vice versa. That was when the market was fairly spread out between crypto-currencies.
Nowadays, people are only putting money in Bitcoin and therefore Bitcoin dominance is at all time high, and the altcoin markets are almost a separate thing.
During the 2017 boom and drop we saw altcoins follow heavily based on the market, if BTC went up altcoins had to go up, and vice versa. That was when the market was fairly spread out between crypto-currencies.
Nowadays, people are only putting money in Bitcoin and therefore Bitcoin dominance is at all time high, and the altcoin markets are almost a separate thing.
it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.
It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...
It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...
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