Post
Topic
Board Trading Discussion
Re: I am not investing in Bitcoin, I am staying with Altcoins
by
stomachgrowls
on 21/12/2020, 21:28:13 UTC
Wait, did you just say Bitcoin is too volatile? at the current price? bruh...
If the "bubble" burst, alts will bleed harder than Bitcoin.
That's what OP don't understand about this industry, Bitcoin price always determine the price of the altcoins except those that are affiliated with pump and dump groups projects. Frankly, the volatility of Bitcoin from the beginning of this year was normal becasue it price was good as stable but this recent bullish made many thing about Bitcoin to make as usual a dump (correction): investment into Bitcoin now could be a potential danger than the altcoins, but they're all the same as the fall of Bitcoin give the fall of altcoins.

When you do jump in into this market then be sure to be fully aware when it comes to volatility intensity and the price correlation between altcoin and bitcoin market.

You should be aware so that you wont really get shocked when the thing you do believe was totally out of the charts and instead of taking advantage, you do even make the situation more worst.

Not all the times that Altcoins could pump but when Bitcoin is soaring up then expect that there would be also some gaining momentum on some alts(not all)
but when bitcoins price tends to red or having that deep correction then most of them do really end up on the same condition.