Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Tmoonz
on 13/01/2025, 18:20:18 UTC
Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.
I actually think the opposite in every moment and also in every market cycle because what often follows the flow or the track of price increases and also price decreases in the market are all altcoins, not Bitcoin that follows the track of altcoins because Bitcoin always has a strong foundation and marketcap volume when compared to all altcoins. So it's a bit strange when you say Bitcoin follows the track of altcoins which in terms of marketcap volume are still much lower than Bitcoin.

I didn't say that. What I described is an alt season - a time when alts outperform BTC in its price appreciation, so to speak. It usually happens after a period of Bitcoin dominance, which is, with time, going down a bit.
It doesn't mean that BTC follows alts, what I meant is - that after BTC rally, there is an alt rally  Wink
The information you are trying to pass is actually misleading,  its important to stay grounded in the facts than getting persuaded with hype or misleading narratives. Bitcoin is often seen as the only coin with sound fundamentals, there's no way Altcoins can out perform bitcoin. Altcoins often dance to the tune of Bitcoin's movements in the market. Their fate is usually tied to Bitcoin's trajectory. It's like they follow Bitcoin's lead in, bitcoin tends to set the tone for the entire crypto market, making it a key player in determining the overall direction. Many investors get lured in by the flashy promises and potential for high returns that altcoins often advertise.  it's crucial to remember that those promises can be misleading and many altcoins end up stagnant or fail to deliver. Sticking with Bitcoin which has proven itself over time is a more reliable for those looking for long-term growth.
Bitcoin has now gained credibility and acceptance among people around the world, almost every altcoin in the crypto market follows the direction of Bitcoin, especially, when the price of Bitcoin fluctuates, most altcoins also fluctuate at the same speed. And that is why Bitcoin is considered the king of crypto.

There are also many altcoins that are a kind of scam, they often do not survive in the long term and sometimes cause big losses for investors.



You are kind suggesting or given some credit to some shit coins, or you kind of say that some shit coins are more shitty than the others whereas they are all the same where attempting to figure out the one that is better than the others can become waste time that should have used to accumulate Bitcoin, it is only Bitcoin that holds a long term potential hence anyone involving in any other coins other than Bitcoin shouldn't be referred to as an investor but rather they should be referred to as traders because they are all held up to maximize short term profit.