RE: It Looks Like Bitcoin Bulls are Leading the Way But Has The Window of Opportunity Passed for Alts?

[taskmaster4450le]

A very difficult situation. I agree completely about the "lack of excitement" this time. It makes it "feel" a lot different than 2017. That was a frenzy, this seems more targeted.

It makes sense since institutions rarely advertise what they are doing ahead of time or take to social media advertising what they do. Sure some came out telling everyone what they did but I would say there are a lot more that are buying yet not going public.

For this reason, you are probably right about this having a long way to run. The retailer buyer is not driving this yet we know they will get in at some point. History says it will usually at the top.

As for the alts, I think it will be a very specific move up. Not all coins will benefit like last time. I think it will be ones that have serious projects behind them and a real utility.

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Comments

[the-bitcoin-dood]

I totally agree. The other thing I didn't write is most of these institutional investors are kind of setting a floor as they enter at this range. These folks are very unlikely to sell at a loss so we could see this as a new level of support being built by institutional investors. I'm guessing we will find out soon enough 🤣 and can only speculate.

As for the alts, I think it will be a very specific move up. Not all coins will benefit like last time. I think it will be ones that have serious projects behind them and a real utility.

This is likely the deathblow to any real shitcoins. Coins without usecase and no purpose probably won't survive a second wave of devastation. On top of that, most of them aren't listed on any exchanges with decent volume so are highly unlikely to get swept up or propped up by another hype cycle.

!BEER

[taskmaster4450le]

I totally agree. The other thing I didn't write is most of these institutional investors are kind of setting a floor as they enter at this range. These folks are very unlikely to sell at a loss so we could see this as a new level of support being built by institutional investors. I'm guessing we will find out soon enough 🤣 and can only speculate.

That is very true. Many of these institutions are likely long term thinkers. They will dump but only after a huge run up. They are not buying at $15K to sell at $20K.

They are after more than a 25% gain.

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[oldtimer]

Institutions will HODL for years. They need to deliver steady dividends. I don't expect any dump for a long time. PayPal is buying and storing in the cold wallets.

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[beerlover]

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