I do not know how big your exposure to the altcoin market is, but if you are in Bitcoin, keep holding it.
Scroll up and check the analysis I shared in recent months. I never mentioned an altcoin that was looking bullish.
I tried only 2 times buying altcoins (Ripple a month ago and Litecoin a week ago). Both of these two exited at break even before a massive drop in the price.
Wait for the altcoins to completely capitulate and when you see a big bounce, get ready because the retracement is for buying.
2017 was the year of retail traders where anyone made money. This time, with margin market taking significant market share and with the institutions that are coming, we are seeing a shift in the market.
This will affect not 95% but 99% of the altcoins that will die in 3-5 years.
With the recent Facebook’s stablecoin, it is clear where they are trying to lead the market. The Bitcoin will become the store of value, digital gold.
People will never use Bitcoin as the payment method because there are way better ecosystems at the moment in the market.
Being a store of value will bring huge attention to the Bitcoin. There will be soon a trend in the market where everyone will try to own at least one Bitcoin.
When people realise that owning just one Bitcoin could change their life, you will see unbelievable numbers.
Most people think when Bitcoin reaches $20 000 there will be rejection and alt season is coming. If Bitcoin reaches $20 000, not only that it will reach a new all-time high but it will exceed the previous one for 2-3 times, AT LEAST.
Current conditions in the altcoin market are not for selling. The prices are too low and there will be some kind of exit pump where market makers will cause the price to go up so they can sell higher and get rid of their bags.
If that happens and we see a mini “altseason” after the capitulation, make sure to sell all the altcoins you have and be exposed at least 70% in Bitcoin.
It is okay to have some major altcoins and to buy those with good fundamentals but being all in altcoins is the worst thing you can be.
Hope this reaches out to as many people as possible.
The sooner you forget 2017 alt season and focus on accumulating real wealth (Bitcoin), the better future is in front of you!
#Bitcoin #DigitalGold #Crypto
Scroll up and check the analysis I shared in recent months. I never mentioned an altcoin that was looking bullish.
I tried only 2 times buying altcoins (Ripple a month ago and Litecoin a week ago). Both of these two exited at break even before a massive drop in the price.
Wait for the altcoins to completely capitulate and when you see a big bounce, get ready because the retracement is for buying.
2017 was the year of retail traders where anyone made money. This time, with margin market taking significant market share and with the institutions that are coming, we are seeing a shift in the market.
This will affect not 95% but 99% of the altcoins that will die in 3-5 years.
With the recent Facebook’s stablecoin, it is clear where they are trying to lead the market. The Bitcoin will become the store of value, digital gold.
People will never use Bitcoin as the payment method because there are way better ecosystems at the moment in the market.
Being a store of value will bring huge attention to the Bitcoin. There will be soon a trend in the market where everyone will try to own at least one Bitcoin.
When people realise that owning just one Bitcoin could change their life, you will see unbelievable numbers.
Most people think when Bitcoin reaches $20 000 there will be rejection and alt season is coming. If Bitcoin reaches $20 000, not only that it will reach a new all-time high but it will exceed the previous one for 2-3 times, AT LEAST.
Current conditions in the altcoin market are not for selling. The prices are too low and there will be some kind of exit pump where market makers will cause the price to go up so they can sell higher and get rid of their bags.
If that happens and we see a mini “altseason” after the capitulation, make sure to sell all the altcoins you have and be exposed at least 70% in Bitcoin.
It is okay to have some major altcoins and to buy those with good fundamentals but being all in altcoins is the worst thing you can be.
Hope this reaches out to as many people as possible.
The sooner you forget 2017 alt season and focus on accumulating real wealth (Bitcoin), the better future is in front of you!
#Bitcoin #DigitalGold #Crypto