Oh Crypto Bubbles, You Never Change- Bitcoin Weakness is Rubbing off on Alts…

On Finding Gold and Silver By Searching Through a Hot Pile of Garbage

Yet again in the history of crypto, a crypto bubble is popping and Bitcoin’s weakness is rubbing off on alts (most of which are exaggerating Bitcoin’s losses over time). In these times it helps to zoom out to look at how crypto holders made gains over time despite events like this in the past.

NOTE: Look a the chart below for a quick visual that shows how Bitcoin’s price manages to creep up over time despite it going through a number of crashes. Many, but of course not all, top alts have followed similar paths.

What is going on today looks a considerable measure like what has occurred in any past crypto bubble. That is, regardless of whether we are discussing 2013 – 2015 (the huge one everybody recalls or caught wind of), the altcoin rises of the late spring 2017 (never recuperated from those now and again in BTC costs), the main rise of 2013 for Bitcoin (that wasn't really that difficult), any old Bitcoin rise from 2010 – 2013, or any irregular altcoin rise en route… . we have seen this before basically.

Bitcoin has bubbled and busted just like we were warned by our elders, and as bad as that was for Bitcoin, it has been worse for alts. Of alts that survive, if historic patterns hold, we might hope they get to their lows from the second half of 2017 and then gradually make their way back up over time. If patterns repeat, holders might just end up turning their 90%+ losses into gains over time, but to increase the chances of that, one likely wants to average down…. of course, that means increasing exposure and taking greater risk (not just financial risk, but risk Jamie Dimon is going to make fun of you and hurt your feelings). Remember, don’t gamble more than you can afford to lose, because of course crypto could be dead and sink to early 2017 levels or below and potentially never even recover.