Altcoins usually move in cycles. They have a massive pump and then an extensive, usually longer, dump. (I am not an ethereum fan, but I find this sort of patterns pretty interesting.)
When Bitcoin moves to an ATH and the altcoin market seems 'dead', slowly things pick up again for the alts! Due to more people coming in, these cycles with probably tend to have shorter spans. The reason why this happens is usually because people are BTC rich and want to diversify in altcoins / others thing bitcoin is too expensive so they buy something crappy instead / others want to get rich quick so they speculate on anything because it has something bitcoin doesn't have To be honest, why make bookies, bankers and stock brokers rich, when you can escape the fiat system and get scammed by somebody else, elsewhere. At least in a p2p, fiat free, bank free way and some good projects MIGHT come out of it. It is something!!!
So my guess is that the new cycle should be starting soon, and might ready to start soon! From today and for the next 80 days, there might be good chances for people to start diversifying their BTC into Alts, in order to get more BTC later. Anyone can slowly start scalling in. Bitcoin has gone properly parabolic and we don't know when its going to stop... so don't go all in on shitcoins! These cycles don't only have the time aspect in them, but also the percentage drop aspect too! For example Ethereum fell 80% from its previous ATH and then went up. Most alts usually fall 75-95% before going up again, and Ethereum is in that territory already!
The only issue is... What is the SEC going to do? Are they going to start arresting ICOers and shutting down exchanges? What are they going to do with the Ethereum foundation? Ethereum was falling for a while due to the DAO hack, the Ethereum fork and the constant attacks on its network. Could something like this happen again soon and force the market to keep going down? My guess is that it is very likely. Ethereum has a huge attack surface and their developers are nowhere near as good as the Bitcoin devs.
Most ICOs are scams and when the SEC comes in 1. ICOs will raise less money in ETH, 2. The rest will sell and run, 3. They might even go after the Ethereum Devs as they Ethereum started as an ICO and many of them are either advisors for other tokens or curators for theDAO.
If regulators go after ICOs, bitcoin will be affected too, but it will definitely become stronger, as people will view it as a safe haven.
In conclusion, investing in alts now is risky, but with a high reward to risk ratio. I explained the pros and cons. DYOR and invest safely.
Good luck trading out there ;)
When Bitcoin moves to an ATH and the altcoin market seems 'dead', slowly things pick up again for the alts! Due to more people coming in, these cycles with probably tend to have shorter spans. The reason why this happens is usually because people are BTC rich and want to diversify in altcoins / others thing bitcoin is too expensive so they buy something crappy instead / others want to get rich quick so they speculate on anything because it has something bitcoin doesn't have To be honest, why make bookies, bankers and stock brokers rich, when you can escape the fiat system and get scammed by somebody else, elsewhere. At least in a p2p, fiat free, bank free way and some good projects MIGHT come out of it. It is something!!!
So my guess is that the new cycle should be starting soon, and might ready to start soon! From today and for the next 80 days, there might be good chances for people to start diversifying their BTC into Alts, in order to get more BTC later. Anyone can slowly start scalling in. Bitcoin has gone properly parabolic and we don't know when its going to stop... so don't go all in on shitcoins! These cycles don't only have the time aspect in them, but also the percentage drop aspect too! For example Ethereum fell 80% from its previous ATH and then went up. Most alts usually fall 75-95% before going up again, and Ethereum is in that territory already!
The only issue is... What is the SEC going to do? Are they going to start arresting ICOers and shutting down exchanges? What are they going to do with the Ethereum foundation? Ethereum was falling for a while due to the DAO hack, the Ethereum fork and the constant attacks on its network. Could something like this happen again soon and force the market to keep going down? My guess is that it is very likely. Ethereum has a huge attack surface and their developers are nowhere near as good as the Bitcoin devs.
Most ICOs are scams and when the SEC comes in 1. ICOs will raise less money in ETH, 2. The rest will sell and run, 3. They might even go after the Ethereum Devs as they Ethereum started as an ICO and many of them are either advisors for other tokens or curators for theDAO.
If regulators go after ICOs, bitcoin will be affected too, but it will definitely become stronger, as people will view it as a safe haven.
In conclusion, investing in alts now is risky, but with a high reward to risk ratio. I explained the pros and cons. DYOR and invest safely.
Good luck trading out there ;)
评论:
Even if the arrows aren't perfect, I think that the whole idea was pretty successful. Even if I hate Ethereum, this and the previous call I made to first long and then short were extremely good. Well done to everyone that followed this :)