Post
Topic
Board Altcoin Discussion
Re: It's become hard to understand altcoin movements.
by
pealr12
on 26/02/2021, 17:19:13 UTC
For a few months, I had far from alt trading although sometimes play with BTC/USDT trading. But due to bull markets I thought should again play with alts since whole alt markets have not yet recovered. Sadly I regret to see alt movements, it's become very hard to understand. Because when a dump happens on Bitcoin price then we encounter an immediate action in major altcoins. Alts just follow the Bitcoin trend. But surprisingly when BTC recovers after a dump, then alts aren't following bitcoin trends but still dumping more. I am not a tech guy, so just follow the trend. But seems the trend also missing lately due to alt behavior. If always happen like that then most likely I will have to lose my portfolio again like last bull in 2017.

Do you have any thoughts on how should trade with alts in this situation?

Yeah, it is funny how people keep saying once btc dominance reduce to some level then alts will pump, but sadly once btc is affected alts will be affected too, alts does not act separately from btc unfortunately, only that this year bull run did not affect all acts and now alts will suffer alongside btc.