Post
Topic
Board Speculation (Altcoins)
Re: How are your shitcoins?
by
RussianEnglishTranslation
on 03/06/2022, 14:51:37 UTC
Are they OK? Cool

If Bitcoin surges, shitcoins go up LESS, if Bitcoin goes through a dip, shitcoins go down MORE. Bitcoin is currently only a few percentages from ATH. Everything in this part of the bull cycle might be only for Bitcoin.
What normally happens is: BTC pumps alts dump, BTC dumps alts dump, BTC stays flat or moves up slowly alts pump. I really don't care though because I don't believe that Bitcoin will always remain in the number one position. It just can't compete tech wise and other projects could become a better store of value. For example, websites can deploy on the internet computer and become web3 compatible. They pay for space on the blockchain. That would make ICP coins a store of value. BTC is just a ledger with no additional functionality, plus it has a lot of baggage, like carbon emissions.