You mentioned LINK & XTZ. I see LINK is a older coin from 2017 that managed to keep in the top 20 rankings. LINK is similar old age to the coins that im holding. Whats promising about LINK that separates it from the coins that im holding that managed to maintain its position in the top 20 through the past bear markets? I see LINK and XTZ are near ATH's now which is a bit risky for me as they might turn out to be like NEO, IOTA or ADA crashing to like 10 or 20 cents or something if this economic collapse brings another bear market.
So why the likes of NEO, IOTA or ADA crashed but LINK and XTZ didnt? The visual difference I can see between them is NEO, IOTA & ADA look like pump and dump coins in the historical charts but LINK and XTZ historical charts look totally different. Bitcoin once looked like a pump and dump coin in 2018 but the current charts changed that outlook. So is it the matter of investing in old altcoins in top 100 that has no history of pump and dump in the charts?
You can come here to see XTZ's achievements, most of them are in the real world:
https://www.reddit.com/r/tezos/comments/dz1uhs/lets_summarize_our_accomplishments_in_a_single/. Currently, XTZ is the only altcoin which is usually mentioned as a ETH's competitor. You can also find some articles in
here or
there to get to know LINK and its prospects. Altcoin's ATH reached nearly at the same time with bitcoin's, you can see this through charts. Why do you think that those are LINK or XTZ's ATHs when bitcoin is still moving at the vicinity of half of its ATH?
The difference between these two and ADA, IOTA... is that they are still being well developed and gaining achievements. Cryptocurrency world lives on people's belief. When you write a long list of to-do things on a whitepaper but fail to do them, investors lose faiths and interests on you. That's what happening with the crashed coins. Anw, I never say that NEO, IOTA and ADA are pump and dump coins. Yes you can put your trust in some coins in top 100 but charts is just one of many aspects to take into consideration. Team, community, technology, partnerships.... are some of the others. You have to keep your eyes closely to the coins that you invested in (join telegram, discord; like facebook, twitter...). Just buy a bag of coins and let it be in a wallet is far from enough.
Lastly who will be the market participants be or who will the new investors be that will push the next altcoin bull run? And in the next altcoin bull run will we see new ATH's or will altcoins look like bitcoin charts now?
Will the new investors for the next altcoin bull run be?:
- Unemployed people from this economic collapse?
- Middle class people who lost faith in Fiat money and like to hedge in crypto? Obviously they gotta buy BTC first before they trade it for altcoins.
- Rich people or Businesses with capital who like hedge their fiat capital in crypto?
- Big Mega Corporations & Governments who pushing for a cashless society? But then again they will have their own centralized coins or will they adopt the existing XRP coin? How does a centralised coin like XRP Ripple with all the hate its getting keep its no.3 ranking for past years and also through the bear markets?
- Back in 2017 there was no economic collapse like today so im thinking who will be the new investors be coming in for the next altcoin bull run this year or next year or the year after that? Who is buying bitcoin now because it cant be the millions and millions of unemployed people who lost their jobs recently. Who has the capital nowadays thats buying bitcoin now? Back in 2017 there was FOMO with the masses general public in crypto. Now the masses public are unemployed so who will be the new FOMO people with capital to spend be?
Hopefully with answers to above will help me decide whether to hodl or dump
New investors can be anyone that you talked about. I can't tell you since I'm not a fortune teller. Or the worst case is there's no new investors, like you said, people are losing their jobs, losing money. The only thing that's worth expecting is that bitcoin is halvening. In the past, bitcoin's price increased after each halving.