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I think BTC will outperform many alts until we hear more about the ETF, but that specific alts that achieve milestones or other noteworthy results can outperform BTC. If the ETF is eventually approved, BTC will certainly see a spike; alts may lag behind a bit but good projects should do well longer term relative to BTC. If the ETF is denied, then BTC will probably drag most alts down with it for a while. Still too few Fiat pairs and too little mainstream awareness overall.
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The moves around futures close isnt really surprising. It is less manipulation and more the volume. When the futures close, traders move to either the spot market to cover their deltas or the futures market. All of it has a cascading effect. Higher volume leads to some price moves, add in the Bitmex liquidation points people put around the expiration and you get a big move.
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Bitcoin searches in Google Trends are uptrending over the last week, with positive news coverage rising too.
Note that by contrast, when Bitcoin's price was increasing in April before bleeding and dumping in May and June, the Google Trends search volume was still clearly declining over the month of April even as prices increased, and the Google search volumes only trended up after that during early May presumably due to coverage and interest surrounding the downward price movement.
I think this may be the first time in a long time that we have increasing Google search volume for Bitcoin accompanying simultaneous positive price movement, and coverage of that movement.
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Neo was stable between 30-38 for the past couple of months, aside from the january-february spike it's been holding there, which I think is a good sign for the future. Crypto just had a huge bubble pop not too long ago bud, it's going to be a couple of years before you start seeing anymore serious gains, you know kind of like every investment out there.
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I like XMR over the coming months - it's resting on a long-term support line, which means this is likely as cheap as it will be any time soon, and it's got really strong fundamentals to the point where even BTC maximalists don't criticize it. Something like that would also diversify you a lot - you're currently all-in on hype coins which can really go south on you.
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I'm a small investor so alts are the only way I'll "hit it big". BTC is a nice hedge and you should own at least a sum, but it doesn't make sense to me to hold a large chunk of BTC unless I'm looking for "safe" investments.
BTC might get me 2x or 3x in the next few years, but a risky alt could get me 50x.
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I wouldn't worry long term at all and probably short term either. If BTC price doesn't fall (my personal opinion, but I think it will not) then alts will go up within a few days maximum. We are starting to see it now already. Don't you worry, it's not worth it!
Go to livecoinwatch.com and check the 1h movement on alts, almost all of them are up.
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The best strategy for most people is to hold BTC 90% of the time and dip into alts when they look like they could go off. I had way less pain in 2018 than most because i consolidated most of my holdings into Bitcoin and only ventured out when alts were pumping, rolling back my profits into BTC.
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For people who thinks alts are dead, you only have to look to the mid term bull runs from 6k in early Feb and about 7.2k a couple of months later. Alts were doubling in a day or week. I've no idea how far this Btc bull run will go or how far it will pull back, but when it finds some calm stability I've no doubt that alts will go on a massive run. There's no way to time it; but I'll be hopping on board as best I can.
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Yeah idk its tough to really pinpoint this run...could be fomo on the etfs and could be manipulation in a way where the whales have been accumulating since 5500 and then they just stopped selling after 6700....the charts look like real organic growth and not just big long candles up or down....they could just be letting the market grow now and then dump on us later when we least expect it.
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No, alts are not going to die.
I don't know how much they will go down or lag behind BTC, but I suspect eventually BTC will have a pullback or pause while alts rally. This happened in 2017 as the rally took off. BTC and alts took turns leading the way up. I would call this rally over if we don't see alts stepping in at some point.
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Bitcoin went from 6K to 20K in about 6 weeks last year.
When the market is going up, it feels like it will always go up. When the market is going down, it feels like it will always go down.
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I bought ETH at ATH in June 2017 and didn't see a profit on it until November. Learned some lessons about patience, and not buying high. I know I won't get any love for saying this but for most here, now is the time to load up, even if you are down.
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Now everyone is just depressed, wishes they never started investing and just wants to get out without a loss. But once they made 2, 3 or 4 x gains again and are at break-even, their greed will lighten up again. Altought i think this will take years. I mean all of this would have been for nothing if you sell at break even, just to watch prices double regularly again after that.
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Kinda feels like the hype in late last year was a little too ahead of itself - businesses and personal adoption is still not there but the utility blockchain offers isnt going anywhere. Im still optimistic, it just may take a few years unfortunately.
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