Post
Topic
Board Speculation
Re: Bitcoin's new All Time High (ATH) has been reached this year again (X2)
by
Tytanowy Janusz
on 20/10/2021, 16:51:03 UTC
but what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months.
What do you think this is affected by ? so Altcoin looks very difficult to increase now

People gamble on alts (99% of atcoins are worth 0) when BTC is boring and its hard to trade it. When its stuck in consolidation for weeks. There is no need of trading altcoins when btc do +60% in 20 days. People simply trade BTC. But as soon as BTC will stop a little money will flow to alts creating new alt seazon. I think that sooner or later alts will reach new ATH and yell better return than BTC. The only next alt seazon killer would be BTC rally stop with -30% red 1 day dildo.