Post
Topic
Board Bitcoin Discussion
Re: Bitcoin the most Bullish crypto of the moment
by
Fortify
on 09/08/2021, 20:27:21 UTC
Code:
price $45,019
If you have study, the entire market in the past few weeks you will discover the cryptocurrency market is a system, and this system works together in terms of market value, but at some point, some cryptocurrencies perform more than others e.g. Bitcoin which is the dominant cryptocurrency. Bitcoin at the moment is in another bullish position while other altcoins, except a few, are in a downtrend mode this leads me to the conclusion that Bitcoin is the most Bullish crypto at the moment.

free to add your opinion on this, but the view should be limited to 2021 alone.

What you're actually see is trends in action - whenever Bitcoin has risen, most of the larger altcoins have risen in tandem and the opposite when it falls. You'll see much the same sort of action if you pay attention to the stock market for long enough. This peak and trough action has been going on long before 2021 and will continue indefinitely. Warren Buffett has actually referred to this as a "rising tide lifts all boats. When times are good money is spread out between all cryptocurrencies but when times are bad it also flees just as fast. There is definitely some money to be made trying to figure out the relationships involved but the market leader will almost always outperform in such an environment. It can be incredibly tough to do things like day trading off this knowledge, so it is never recommended.