As I personally like these kind of early entrys in Alts, there is always on thought in the back of my mind. This is about the expected violent moove in BTC. If to the upside, I would expect a flowback from alts to BTC in the short term, especially from those that already moved nicely. If to the downside, most Alts will suffer too as triggered BTC stop losses would not move into Alts immediately. So at this current point in time I have to state that entering into these Alts now also has quite a high risk to be stopped out again. Wouldn't that suggest to focus on BTC first??
Personally I am still in 100% Alts, hodling since Okt 17. I only started trading activly due to changes in my personal live tecently. My first trading experiences were around 1997 and 2000 and ended with a 100% loss in DAX Options due to poor risk management 😊
I wanted to tell you that I allways liked the perpectives on crypto and economy that you gave and that I'm glad you are back!!
i would suspect that a sudden BTC move to the upside might enable some alts to follow. after all, especially when they are already in an uptrend against BTC, they gain in USD value just because BTC is rising. If the move is too strong or too sudden, most alts will fail in keeping up. certainly we are not out of the woods yet when it comes to altcoins, and there is certainly risk involved entering these positions, but this is the first time for months that alts look decent enough to start a promising rally, at least some of them. still watching, still observing. besides it has to be noted that the correlation between alts and btc changes every season, so it will be really vital to see alts react to a sudden btc move, to gather information on what be in the books for the neartime future
When I saw DGB i remembered the forecast in one of the last Alta Reports from Cliff High from 2017. Predicted was a run on DGB possibly during summer 2018 and relating memes: "which Coin passed Digibyte today?"
Well, timing is a bitch.... sometimes. But it would be nice, if DGB would get the attention it deserves.
Awesome read, Thank you CryptoYoda, Although I might add, the volume will eventually come, if it came in after 2013 collapse I don't see why it won't come this time, in fact it's just around the corner, $BTC came a long way, the only thing that bothers me though, is the market is kinda flooded with a lot of worthless tokens/coins, which might make $DGB moon phase a bit suppressed along with other genuine altcoins.
Agree, certainly low volume doesnt mean its foul play. volume can always come with a huge break and nobody would bat an eye that it was low in the beginning. thanks for sharing your thoughts. I believe there will be a lot of natural selection taking place in the altcoin market as there is indeed a lot of rubbish out there. The solid ones will remain, and the art is to pick which ones that will be
Hey CryptoYoda! Thanks for that!!
As I personally like these kind of early entrys in Alts, there is always on thought in the back of my mind. This is about the expected violent moove in BTC. If to the upside, I would expect a flowback from alts to BTC in the short term, especially from those that already moved nicely. If to the downside, most Alts will suffer too as triggered BTC stop losses would not move into Alts immediately. So at this current point in time I have to state that entering into these Alts now also has quite a high risk to be stopped out again. Wouldn't that suggest to focus on BTC first??
Personally I am still in 100% Alts, hodling since Okt 17. I only started trading activly due to changes in my personal live tecently. My first trading experiences were around 1997 and 2000 and ended with a 100% loss in DAX Options due to poor risk management 😊
I wanted to tell you that I allways liked the perpectives on crypto and economy that you gave and that I'm glad you are back!!
Gruß Jeremias
i would suspect that a sudden BTC move to the upside might enable some alts to follow. after all, especially when they are already in an uptrend against BTC, they gain in USD value just because BTC is rising. If the move is too strong or too sudden, most alts will fail in keeping up. certainly we are not out of the woods yet when it comes to altcoins, and there is certainly risk involved entering these positions, but this is the first time for months that alts look decent enough to start a promising rally, at least some of them. still watching, still observing. besides it has to be noted that the correlation between alts and btc changes every season, so it will be really vital to see alts react to a sudden btc move, to gather information on what be in the books for the neartime future
When I saw DGB i remembered the forecast in one of the last Alta Reports from Cliff High from 2017. Predicted was a run on DGB possibly during summer 2018 and relating memes: "which Coin passed Digibyte today?"
Well, timing is a bitch.... sometimes. But it would be nice, if DGB would get the attention it deserves.
Thank you!
Fantastic stuff. Thank you!
Awesome read, Thank you CryptoYoda, Although I might add, the volume will eventually come, if it came in after 2013 collapse I don't see why it won't come this time, in fact it's just around the corner, $BTC came a long way, the only thing that bothers me though, is the market is kinda flooded with a lot of worthless tokens/coins, which might make $DGB moon phase a bit suppressed along with other genuine altcoins.
Agree, certainly low volume doesnt mean its foul play. volume can always come with a huge break and nobody would bat an eye that it was low in the beginning. thanks for sharing your thoughts. I believe there will be a lot of natural selection taking place in the altcoin market as there is indeed a lot of rubbish out there. The solid ones will remain, and the art is to pick which ones that will be
Thank you for providing this magnificent content. I've always been a fan of your work since 2017. May the odds be with you.
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