Post
Topic
Board Trading Discussion
Re: What's next for cryptocurrency?
by
Minecache
on 16/10/2022, 09:49:47 UTC
So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction
the reversal started today because it has been proven that after the bitcoin price dumped to $18k then recovery quickly returned to $19,5k,
and maybe a tweet from Elon musk about $20000 can also be achieved,
and if today you haven't bought an altcoin then it's a good opportunity to buy it and hold until the altcoin season comes.


I don't think the bitcoin bounce after the 18.3k drop was caused by Elon's tweet, it happened before that tweet.

Why altcoin and not bitcoin, do you think altcoins will be able to bring you riches during this bear season? altcoins are not like bitcoin, have you tried checking the top altcoins in previous bear seasons, altcoins like Nemcoin, Lisk, and BCH... have you seen them anywhere on the CMC rankings? I must say that investing in altcoins is very risky and you have to accept that you potentially lose everything if you invest in the wrong altcoins. Conversely, that will not happen with bitcoin, bitcoin is still the best option in bear season.