Post
Topic
Board Altcoin Discussion
Re: Bitcoin's last big rally in this cycle
by
Wiwo
on 03/03/2024, 22:48:32 UTC
fyi: This topic is currently posted in "Altcoin Discussion", so I was expecting to discuss the way BTC Bull markets tend to effect Altcoin cycles. Let's do that? Historically, alt/BTC used to be strong when btc/usd fell fast ("correcting" from a rally) since the better alts where maintaining much of their USD value. However, once the "mania top" is in and BTC is extremely Bearish, then the alts take a severe hit since the frightened masses are selling their alts to also exit BTC ASAP.

Good news: On the Bullish "Big Rally" BTC side, making money with Alt/USD is easy, and sometimes you can also gain much more from Alt/BTC going up too.
I wanted to point that out too that the thread should be moved to bitcoin discussion board but a read down below a few lines I discovered that the comment also includes Ethereum which have ushard in a different view that justify the thread to be in the altcoins board.

Back to the topic, bitcoin and Ethereum who are the two most popular cryptocurrencies have witnessed alot of change's a d development that have the basis to trigger their price in upward direction and also considering how close we are to another significant event in the bitcoin network it shows alot more positive outlook for the market.