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RE: No alt season according to Max

in #bitcoin6 years ago

Everyone can see that this "prediction" was made in the event of Bitcoin spiking up and not many projects following suit. Now several maximalists in the space take this as a sign. The 'pattern' of Bitcoin going up and altcoins staying stagnant is now spun into the ultimate speculation.

Uh huh, give it a year and see what happens. This kind of FUD and maximalism is ridiculous, as if Bitcoin can fulfill the entire market demand without smart contracts and 10 minute 1 MB blocks.

Now could very well be the best time to buy 'altcoins' given the current market sentiment. Many projects became oversold when Bitcoin crashed recently.