Re: BTC needs to taste 50k for altcoins to start performing big again
Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.
Any price above 50k will benefit altcoins, but if your primary goal is to see altcoins grow, you have to stop watching bitcoin. Go with either this or that, dont try to get a taste of the best of both worlds. 
Indeed altcoins lack any sort of proper development or acutal use case compared to bitcoin, so they end up being pumped and dumped by bagholders who are pumping the prices of these coins.
But bitcoin touching 50k will see a lot of resistance for now if not later as well. Prices can barely keep up at 47k USD and the selling pressure is high among such ranges. My assumption is that there need to be consolidation at 47.5k USD before it can touch 50k or cross it. This will take time.