So I personally don't want to see the Altcoin/BTC markets being referenced on the news at all, not just yet. Like you were saying the fact that they haven't spent any time speaking on this market is a sign that we are still in the growth stage. So there is a fuckload more volume left to come because a huge portion of the world doesn't even know that the Altcoin/BTC market exists
Remember how the altcoin game is marketed bro, every coin is touted as being "the next bitcoin" and there you have the point of the Altcoin/BTC market
there is a want, need and demand by millions of people to find the next bitcoin.
But what they mean when they say "the next bitcoin" isn't that they want a faster and leaner coin, they want another coin that has a $100 Million dollar pump and goes up 12,000%
So to bridge the gap, altcoins were created. The demand is another bitcoin circa 2012/2013 MEGA pump, and the supply is altcoins.
So there is no point of the altcoin market except to capture the excess demand that bitcoin itself generates
But do you know what this means? Bro, the next time bitcoin pumps and then the big media and news corporations start running their advertising, bitcoin is going to crash hard just like it did last time
then what?
All the millions of poor fucks that lost money or sat on the fence are gonna be sniffing around for "another bitcoin" and the altcoin market will have it's second boom!! Remember AUR having $1million volume in one night? We will be smack dab back in the middle of that kind of market environment
Bitcoin is the main dish, altcoins are the dessert
so we have to wait for bitcoin to complete its current pump and then crash. That is when the altmarket will really come to life. All of these profits we are seeing now is nothing compared to whats coming
I noticed that since the big bitcoin pump has stalled out, the volume has started to come back into altcoins, I wanted to know how you guys knew this would happen or is it just the way the general flow of things are? Sorry for the noobish questions lol