Hi guys, I hope you are doing well in this pandemic time. Do you think it can be a good time to invest in some altcoin for hodl with the BTC pair instead of USDT pair?
I saw that most of the altcoins are now in the bottom with the BTC pair and my personal goal is to increase my BTC account instead of the USD one. My strategy is to wait that the BTC dominance reach 70% it will be blood on the ALT but very cheap price and then I want to invest in it with the BTC/pair.
For example these alt are now at :
Stellar : 460 sat
Tron : 143 sat
Eos : 14500 Sat
Do you think it can be a good strategy in order to prepare the Alt season IF she will come?
Altcoins with btc pairs can remain under pressure untill btc openly moons and sets a new peak but the positive side of the story is that alts will also btc and continue to grow in usd terms and in the end all good coins will be flying.
the impact that occurs from the increase in Bitcoin is this, yes bitcoin pairs in altcoins have decreased very deeply,
coins such as Algo, Ethereum and Ripple have also experienced a sharp decline, if the price of bitcoin dumps then the fiat pairs in altcoins also decline again, this is what altcoin is really bad if you buy when the bitcoin price goes up.