See whats happening on the market right now, btc and eth continue to soar as reverse to some altcoins. If bitcoin continue to pump then expect that some altcoins will also continue to go down too.
Bitcoin and ethereum have already dominated the market. The rally becomes more stronger in the top cryptocurrencies while others are slowly moving up. Other altcoins which don't have announcements or updates move down as expected. If the rally will continuously happen, expect a more bullish market.
So what is the consensus on this thread? Is this a product of 'speed' of price rise of Bitcoin and will Altcoins eventually catch up in price ..if not the same percentage as
say the Bitcoin price shooting up (it is Bitcoin by the by) ...but still enough to HODL sh*tcoins/altcoins rather than move them to BTC? Or is it that the speed of the BTC
rise and consquential pump of Bitcoin to cause a and current speedy overcorrected "maybe' dump in altcoin prices..mean altcoins in the 'future' won't recover
significantly, in price? The great and 'lagging' usual 'altcoin/shitcoin to BTC price revival?
In other words, should I have sold my altcoins already and bought into the pump of Bitcoin and
now, and likely in the future the altcoins, in price and significance, will be left farther and farther behind, with Bitcoin pumping? ie boat missed will never catch up
with future BTC pumps by HODL'ing 'dubious' altcoins at this point in time? i.e. 2020?
I ask because in the past (when altcoins were proportionally much closer to price than Bitcoin like those 'ancient' days of the past of Jan 1st, 2020 and Bitcoin was
$7,234.47 as an example)
So to clear up my 'mess' of questions above, will, in folks opinon here mean that 'unless' Bitcoin goes down significant'y in price from $15k and/or sideways and/or has a
signficant dump on its way say...and I continue to HODL my altcoins for a pump..I should maybe just 'punt' and sell them instead?
Or will Bitcoin stabilize at whatever price $16k, $20k, $25k ...and then we will have the 'great' altcoin revival ..surpassing the % increase per altcoin price rise
vs Bitcoin % price rise instead?
The old 'saw' Bitcoin goes up 1/3rd and LTC and ETH double in price? I of cour Not that I think it will apply like that as some have done in the past?
I'm pretty much clueless if anything hangs together altcoin wise in this manner anymore in the screwy days of 2020!
Jump in here on which way the mop may flop above, if you are like me, sitting on your hands with some Altcoins you are wondering about cashing out of
and just going all in (or HODL) on Bitcoin only!
Brad