Quote from: the ghabbar on November 01, 2021, 03:47:12 PM

Quote from: Davian144 on October 20, 2021, 01:40:25 AM

I'm not surprised that Bitcoin has been able to surpass a new ATH again this year, which means Bitcoin has experienced twice ATH this year in different months with not so long duration, which is about 6 months(+ -), and this is lagging -again proving that Bitcoin continues to strengthen and is trusted by everyone, 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

There are many reasons that influence bitcoin to reach new ATH twice a year, but the most basic is how investors play the market to make bitcoin continue to rise without stopping, this condition is what they continue to take advantage of to make bitcoin more valuable, but there will come a time when they make bitcoin drops at a price below normal, that's when they take advantage of large purchases of bitcoin, unlike the popular altcoins in the market, they will not be able to reach bitcoin like twice a year.

Because the price of Bitcoin moves based on supply and demand, of course the strongest reason why Bitcoin can reach new ATH twice is that
more and more new people are buying Bitcoin, while the supply of Bitcoin is limited. Maybe after Bitcoin hit its first new ATH price of the year,
Bitcoin is getting hype and more and more people are FOMO, finally Bitcoin can reach its second new ATH. There is even a possibility that Bitcoin
could reach another new ATH price before the end of the year. Because Bitcoin's performance this year has been extraordinary, Bitcoin has proven
that it is the most profitable compared to other assets. So it's not only ordinary people who start investing in Bitcoin, even many institutions decide
to invest in Bitcoin this year as well. This positive trend eventually continued to push the Bitcoin price up, then related to the price of altcoins
not reaching new ATH twice like Bitcoin, That's because many investors are focused on investing in Bitcoin, which dominates the market. So altcoins
are having a bit of a hard time going up right now, but don't worry for popular altcoins will definitely go up, but indeed we have to be patient waiting
for altcoins to rise to reach new ATH.