Post
Topic
Board Speculation (Altcoins)
Re: Are u buying alts?
by
prof7bit
on 27/10/2019, 20:42:37 UTC
Right now I am out of alts completely. Alts have bottomed out and I can't see any sign of recovery. Situation has been same for months now. Since Bitcoin made a jump in April this year, Alts started going down. Since then, they are only in bearish cycle. Also, the volume is coming to Bitcoin only. Plus Bitcoin is showing volatility in a positive direction. Right now altcoins don't make any sense.
in general, the altcoin is not so dumped, it's just that no significant developments have taken place. for now, bitcoin does look good enough to hold in the long run.

to be honest, despite knowing that, I still bought altcoin to be used in trading matters, such as taking advantage of low fees, as well as price increases in the short term. that's good enough to consider. I prefer to take advantage of the situation rather than just see it. although like that, I also still collect bitcoin to be held in the long run. however, the altcoin is not always harmful. it's useful when you use it well.
Bitcoin certainly holds very well, but Altcoins, I think, are more promising for the long term. I do not believe that people will buy Bitcoin more than $ 20,000. People will invest in Altcoins.