Altcoins are retreating into Bitcoin as Bitcoin breaks resistance.
Is the market trying to tell us something?
Good Day To Be A Maximalist
6 years ago in #bitcoin by edicted (82)
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Somewhere out there, there’s a guy who’s decided to go all in on Dogecoin.
Hahaha ya poor guy
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I'm honestly not going to be surprised of Dogecoin hits all time highs this summer.
Doesn't mean I'm going to invest in it though.
lmfao
With Bitcoin dominance at a whopping 58% there isn't much love left for the altcoins.
I think traders are hoping to capitalize on a double run-up where Bitcoin spikes then everything else spikes a week later. I'm going to have hawk eyes on the market in a month. Mid-June is a pretty historically significant time for annual cycles. Not just for crypto but for the entire economy.
yeah i dont like to see the altcoins dropping but its all cycles and patience
great post bud
have a great evening man
im new here and like your posts along with jr cornel on cryptos
cheers bud
It’s just the hype unfortunately. Bitcoin keeps getting pumped. I’d like for a correction of its price to occur but who knows if that will happen. Still way too expensive for me to put more money into it. Might not get to 1 full bitcoin lol
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You don't need a full Bitcoin, this is called unit bias.
Sometimes buying 0.1 Bitcoin is the right play.
Think if it as 10,000,000 Satoshi instead.
Thanks, ya I remember your analogy of it like that. It will take a while but eventually we will be trading Satoshi’s.
I just want the round number lol
Bitcoin is by value not my strongest asset and certainly by quantity by far my least prevalent. I like being diversified in my overall portfolio.
Not sure if you were the one that put it in the perspective of internet connection, bitcoin is ancient in its technology. 1 block every 10 mins? Pretty sad.
I hold it for ROI purposes only.
I'm not the biggest Bitcoin bull,
but it still has the best brand recognition and worldwide trust,
and longest time surviving in a hostile environment.
Trust goes a long way in this space.
Somehow I got the feeling that this Bitcoin Bull run has been the cause of the Tether Bitfinex issue. There is a good possibility that large Tether holders are constantly moving into Bitcoin to get rid of there toxic Tether positions.
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