What will peak first, Bitcoin or Altcoins?
History says that Bitcoin peaks before Altcoins...
Some very smart people have analyzed hundreds of patterns and market structures and come to the conclusion that altcoins are going to peak before bitcoin.
I disagree.
A lot of work was put in to come with a conclusion that supports this type of price action going forward for bitcoin:
(Source: https://twitter.com/BTCfuel/status/1493963585768280067/photo/1)
While I don't doubt that this could indeed be similar to how bitcoin ultimately trades, I disagree with what is going to lead this move.
The premise is that altcoins will lead this move...
Check it out:
(Source: https://twitter.com/BTCfuel/status/1493963537621958657/photo/1)
The premise is that the altcoin market will peak this year and bitcoin will peak next year.
Which means altcoins would peak before bitcoin for the first time ever.
The reason I disagree is simply history.
Bitcoin has always peaked before the altseason really got going.
Profits from bitcoin were rotated out into the altcoin markets, sending prices soaring.
This seems to suggest altcoin profits are going to rotate into bitcoin...
We will see I guess.
Thank You Jon for sharing Your insights...
Love the sound of that! Getting me all excited, this is going to be a really awesome year, especially if you are right about this.
Thank You for sharing...
Beetlejuice NFTs!!
Upvoted! Thank you for supporting witness @jswit.
Thank You for sharing...
The correct answer is NFTs …you're welcome
Beetlejuice NFT Goldin auctions it's a one of a kind collectible that comes with even more official merch!
Nfts will peaked out first followed by bitcoin before the altcoins.....metaverse coins will peak last because its still in development
Thank You for sharing...
Yes, bitcoin will cost more than $100,000.
https://steemit.valyuta.org/