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RE: "The Bitcoin Prophet of Doom."

in #bitcoin7 years ago

It doesn't look like alts are a safe place to hide during these types of corrections. I lost a buttload last time this happened on DGB. This time, I was trading my way up in the alts as we rose past $9,700 and making a killing mostly on ARDR with something like 5-7 trades as ~15% each. You bailed a little too early at $10K and most alts went sideways then lost ground to BTC after we dropped from $11K. The optimal move would have been to run to tether as total market cap hit $330B, then buy back in to BTC around $8500K. I wouldn't be surprised if you are correct about dropping lower still.

Wondering if tether is a good place to be now, as before? Or is there an alt that has potential to make a gain?