Part 5/9:
Strategy and Observations on Altcoins
Mets outlines his trading strategy: taking profits from meme coins and converting them into Bitcoin. While he admits not having faith in Chill Guy's future viability, he acknowledges the profits it has generated. His ultimate belief lies in Bitcoin as a long-term investment.
The dialogue shifts to the Ethereum-to-Bitcoin ratio, a vital metric to gauge altcoin performance. Currently at a cycle low of 0.032, the Ethereum/Bitcoin pair’s performance signals the overall health of the altcoin market. Mets contends that without Ethereum leading the charge, altcoins will struggle to sustain momentum.