Post
Topic
Board Bitcoin Discussion
Re: Bitcoin main use case now
by
LittleBitFunny
on 12/12/2021, 18:02:13 UTC
Btc main use case now is this:
Bitcoin is good market prices indicator to show just wich way all other coins likely will go.

So the real issue is you want to invest in altcoin using Bitcoin as an indicator? How silly is that!

What's the benefit of using Bitcoin as an indicator, unless you can make a profit?

Didn't you notice that when Bitcoin is bearish then altcoin is double bearish? On the other hand, when Bitcoin is bullish, altcoin rarely rises?

When Bitcoin was priced at $40K in April, NEO was priced at $130.
After that, when Bitcoin was dumped and dropped to $30K, all altcoin including NEO was dumped and became the lowest price, then the price of Neo was only $30. Bitcoin has crossed ATH several times since then but NEO has not been able to cross the resistance of $60.

So using Bitcoin as an indicator instead of investing in it, and investing in Altcoin is nothing but nonsense