RE: ⚠️ Despite altcoin exuberance, Never disregard Bitcoin! ⚠️
Actually you have a point. But from what i have seen over the last month even when bitcoin makes a run and alts dip, if you hold on to your alts then overall they give better returns. For example I had 10 last month in my portfolio, went in to omg and neo and bitshares and some other alts. Bitcoin at most would have made me 4k. But guess what I am sitting at 23k right now. Up 13k despite bitcoin running up 4-5k to 16-17k, I made more with alts.
But when it all goes to shit is when bitcoin starts dumping hard. like last night. My portfolio went to 18k from 23 lol. It was nuts but when it had that bounce I was back up and I cashed out 10k and sold my neo. Why? Hey if its all good now I can buy neo a little higher but I expect another dip after the big bounce btc had and higher probability of me getting a better deal on neo if BTC takes a dump overnight again. I have cash on hand and still I am little over half in and I got out nearly the same price as yesterdays high on neo. Now if BTC takes a dump to 10k, I would probably buy it because it will make me quick few k and then back to neo lol.
Well that is the thing.. that's only for the past month or so when Bitcoin is being slow and boring. That's different from an actual breakout though, like we saw during september-november, and also right before the Bcash fork. Alts do catch up eventually, just like right now we are just about caught up. But eventually Bitcoin starts to seriously move again and it'll translate to a 50% drop in satoshi's.. which again takes a month or two to recover later on, etc. It's okay to sit it out and hodl, but if you get into the right train at the right time you can increase your stack even more.
Yea. But I am afraid bitcoins gonna dip again a little. Ew&Patterns is saying possible dip to 10k after ABC is done. But on a bigger daily chart if I look at the abcde triangel looks like 12000 ish. We will see.
Oh, yes but if it goes down to 12K or below it's a far more serious dip and offers a more bearish outlook than we've seen up until now. I think altcoins will dip just as hard, if not harder, if Bitcoin drops to 12K or lower.
I think Bitcoin is the safe bet, and alts are insanely overvalued in many cases atm