Post
Topic
Board Bitcoin Discussion
Re: We are in a Bitcoin Rally, not an Altcoin Rally
by
kryptqnick
on 12/06/2020, 12:29:41 UTC

When the global economy is in an expansionary period caused by easy credit lending policies, diversification into alt-coins tends to outperform Bitcoin. However, when the global economy is hit hard, Bitcoin tends to outperform a diversified portfolio of alt-coins. For example, trading volumes of the altcoins in the Top 10 on Coinmarketcap.com decreased by 30% between March 6th and April 1st, while Bitcoin’s trading volume didn’t decrease at all.

Read full report:
(EN) https://cryptoresearch.report/crypto-research/we-are-in-a-bitcoin-rally-not-an-altcoin-rally/
(DE) https://cryptoresearchreport.de/crypto-research/wir-erleben-eine-bitcoin-rally-keine-altcoin-rally/
Altcoins have been left behind since 2018, and I don't see a good future where they are getting more adopted and used than it was in 2017. They've disappointed many people because they promised so much but failed to deliver significant results. As for Bitcoin, I suppose one could say it's dealing fine compared with traditional assets, and there's a good reason for that: while Bitcoin is affected by panic, it's not actually suffering from the quarantine because it doesn't require tons of people gathering in small places like other things do. I would not call it a rally, though. I stand with others who point out that Bitcoin is simply stable, but not on the rise.