Topic: Bitcoin Rising and ICOs Falling Away - page 2. (Read 1615 times)

I'm not talking about any particular time. I'm only referring to the few moments when BTC is on a tear breaking ATHs. It appears we are close to this occurring again. What I saw in 2013 was BTC climbing like a mamajama while alts went sideways or moved up a little. It wasn't until BTC looked like it was cooling off that the alts started to pop up like crazy. My theory is everyone goes all in on BTC as newbies shovel in dollars into BTC and once BTC breaks ATH the BTC bag HODLRs that don't want to convert to $s for profit speculate on some alts for further profit.

They say history doesn't repeat per se, but it rhymes a lot. I guess we will see what happens, but regardless I'M GETTING  EXCITED!

This is a popular opinion to think that alts will go down. Would not be surprised if that will not happen. Also, there used to be periods when alt coins rise together with BTC.

Bro tip: Bitcoin could be very close to ATH breakout if you study the charts and doomy global financial news. All the ICO/Scammy coin speculators seem to be getting worried about missing the BTC boat and are liquidating. I suspect that as Bitcoin keeps pushing higher we will see these shart coins continuously seeking a new support level. There are several older alts that seem to be holding their ground as this occurs though and in particular, LTC. If you look at the USD and BTC chart for LTC there really is nothing left to extract out of it. Unless some whale can break that .00585 mark on the ltc/btc chart I foresee it going sideways for a bit and then a potential slingshot like last time.

This is what I believe will occur: (hibernation season is over for BTC, so people aren't going to speculate on shit alts anymore for profit)
1. Shart coins will continue to be liquidated for BTC.
2. BTC will hit an ATH as everything continues to fall or go sideways.
3. New support levels will be drawn for all these newer alts.
4. BTC will reach an outrageous price and new investors may look for an alternative (again) thinking they missed the boat.
5. The red headed step child of crypto will green dildo back to ath
6. Then all the profit from both BTC and LTC will be speculated/diversified back into scammy alts as the market cools down again.

Does anyone else see this scenario playing out that way? Looks like it is already occurring

I'd go all in on BTC for the next few months guys...