Post
Topic
Board Altcoin Discussion
Re: Is Altcoins Follow BTC Rally?
by
Psynthax
on 26/12/2020, 13:38:54 UTC
Alts coins took major hit, hope you guys are playing safe and using stop loss. ALT DOMINANCE and possibility of seeing further drop in alts. It's my opinions.
Your opinion kinda true though. Most of alts gonna gets crushed if the big companies and investment firm keeps buying BTC at large amount which also means increases the price and market cap. By then people would just prefer to switch over bitcoin because it's more promising and more safe for investment compared to alts with significantly smaller market dominance and market capitalization. Alts could fail anytime meanwhile bitcoin is here to stay. Hopefully though, the market become balanced so both btc and alts don't crush each other.