Altcoins must be dumped in that time. We need that fuel to go in BTC directly.
And that's my worry as I'm trapped in altcoins, thought I could get some quick profit so went in big before the first market correction but unfortunately the bear trapped me and now I have 90% of my funds trapped in altcoin and they keep falling with every bitcoin red candle. The optimism I'm seeing here is quite unbelievable. We're already discussing resistance at $13.5 when bitcoin is still struggling to cross the $11k trading price.
On the only hand both market can moon simultaneously, without having to drain funds from one market to fuel the other. The hype on Ethereum 2.0 and DeFi aren't dying down anytime soon so bitcoin would had to turn to other avenues for fund maybe new Investors.
We know that it might or might not correlate from time to time yet we have seen for almost a decade on how altcoin market and bitcoin market do move neither they do go on the same path or trend or
would be completely opposite to each other.This is why decision made outcome will really be subjective or does depend on how the market moves on a particular time.Ive been used to those pumps and dumps.
When everyone is being optimist on breaking new resistances then thats the time i do make some sell off on btc and luckily i do able to make some good calls or decisions yet ive been trading actively.
My portfolio is divided with some alts too and ive been holding some but mostly are on Bitcoin.
as I said in the last post:
currently the price is at $10670, I believe it has a good chance of breaking $11000 and on forecast:
now we are at $11000 and it seems to me that another attempt is being made to fight against $12000 to $14000. if we manage to stay above $ 14,000 then I will start to believe that we can see the $ 20,000 in the next year. But I don't believe in $20,000 this year, I think it's impossible to see a price of $ 20,000 this year. I see the enthusiasm of many people believing that reaching $20,000 will be very easy, but in my humble opinion if we can't even make it to $17,000, how can we dream of $20,000? and why the hell do they dream of $100,000 when we haven't even seen the price reach $ 70,000?
We can even see $1M speculation which is totally out of this world.Being optimistic isnt bad but we should be at least do hear out our own words if those are realistic or not basing of on the price that we had before.
We do even have a hard time to reach its ATH.Well we are still on 10 years and there still lots of years to come so we cant really know on what would be the future looks like but presumpting on the current situations and
even tying up on the past then we can really say that it would really be hard to reach those levels.Better to focus on realistic price levels and that wouldnt somehow frustrate you in case the price do go into the opposite side.