This is kinda what I'm thinking,what if I haven't chosen the right alts no matter how confident I am in them I can never be sure and what if they don't take off when I could have cashed them out for a whole BTC and focus my dca-ing on ALTS for a bit afterwards to catch back up
something else came up and ruined that model and that's the case of major exchnage failures which mostly liquidated eth and btc. BTC ironically was the poster child and was shot first. ALTS took a beating way before and was stable for all its worth
I am still trying to understand the concept of "proof" in regards to this question. Jesus christ, if it were that easy it would be that easy. ALTS don't "follow the NASDAQ". Pull up any obscure alts on cmc and this idea will be thrown into the shitter quickly. Oh, at first glance you seem like you are having a discussion but you just repeat the cefi debacle and point out that legitimate CEX's are still....legitimate? A fucking shirt sponsorship? WOW guys, WHAT BEAR MARKET? "During bear markets bad leave good stay." Again, just saying things to say things. What do I do with my coins that I "probably did or didn't research"? again, this little tidbit reiterates my point that you are just regurgitating things. Thats like watching someone walk into a restroom and when they come out you say "you probably did or didn't shit while you were in there." No shit sherlock. "gonna HODL? It's good but you may or may not be missing out" - This speaks for itself once you apply previous concepts I mentioned. Drivel continues. Oh really? Is the crypto market volatile and is it my decision to take part and be invested? Thanks for reminding me. Oh really? Timing the market is hard? Now you claim that nobody understands price action and that if they did they'd short the fuck out of crypto with every last dime they had. You could have just TLDR'd and said "I just want moons and have absolutely no clue about what I am involved in so I am just gonna repeat a bunch of shit and hope something sticks."
Im not married to any coin. I look for the ones that are the most volatile and I jump in and out on those. Today Mona was a good one (still is actually but is cooling off) Then there are some other ALTS I lurk in the shadows of because they like to have profitable spikes from time to time. UPI AVT NCT
nah, you aren't looking at it right. In early 2000s (2002) the EUR became more valuable than the dollar and tbh I don't think we noticed it much in terms of relative value over here. $1 = $1 (lol). Canada has to deal with this shit all the time and they are probably more idealistically tethered to the US economy on a day to day basis. I would not look at it as your money is worth 20% less because the EUR to USD conversion is changing, but more about the ALTS to BTC ratio in terms of your crypto investments. At some point crypto can take hold of the economy on a global scale and change will happen very quickly. Crypto is really hard to get with fiat for most people. When the hurd tries to fomo in on our pomps they lose money. When crypto swings happen the hurd loses money. When you are the one who knows how to use it, get it, trade it, earn it - you become the new bank. They have to get crypto from people who have crypto. Just saying I think you will be fine ling term. Get more crypto while it's cheap - move it somewhere safe and learn how to maintain and grow it independent of fiat. When you don't use their system, you take away their power to do these things to your head. tldr; stack sats.
The VAST majority of competitive ALTS have not existed for 2 complete bull cycles so there isn't enough historical data to draw useful comparisons either way. The market needs that crypto fills is still not clearly identified and thus, there has been no realistic environment to drive assets beyond pure speculation. We have only hit the first step of actual utility for the ALT world and this is were we can actually start gathering date, not comparing it.
go with the top ones like sol , avax , dot , link , matic , ada ,sand they have fallen quite alot.. but remember they can fall even more so don't go all in.. Buy in a staggered manner.. you can maintain the below ratio BTC,ETH = 75% ALTS = 25% in the beginning be btc-eth heavy once btc dominance increases by a lot, start adding alts to your portfolio..
Your daily dose of crypto: Bitcoin : $19255.13 BTC dominance: 42.3% (-0.1%) ETH dominance: 14.6% (-0.2%) ALTS dominance: 43% (+0.2%) Fear and greed index : 14 extreme fear Total crypto market cap : $868.072 Billion 1) Exchange KuCoin said it does not have any exposure to LUNA, 3AC, Babel, etc, no plan to halt withdrawal and is operating well. However, its official website shows that it has reached a strategic cooperation with Babel to provide financial services before. 2) Ethereum miners generated $549 million in revenue in June 2022. 3) Meta has announced that it will shut down its cryptocurrency money-transfer service pilot, Novi on September 1. 4) FTX US will grant BlockFi a $400 million credit facility and receive an option to acquire BlockFi at a variable price of up to $240 million based on performance. 5) Voyager Digital Temporarily Suspends All Trading, Withdrawals and Deposits. Shares of the troubled digital broker plunged more than 26% in U.S. trading on Friday. Thats All for today! Thank you.
DCA bi-weekly/monthly into Bitcoin over the next 6-12 months. If you feel like macro starts to look better and sentiment is getting bullish, DCA into your ALTS of choice. Don’t put all your BTC into alts, it should depend on your risk level. Don’t spread yourself too thin. Pick 2-5 Alts. Use native staking of Alts to accumulate more.
Yeah no shit when ALTS got murdered and did a 80-99% , BTC & ETH were holding strong, they're just catching up right now that's why it seems ALTS are holding pretty strong. We are now entering what I think will be the boring sideways period were for a extended time period you could see a drop of maybe 5-10% a month and once the whole market is bleeding out, and exactly these kind of posts dissapear we will be close to the bottom. And that's a big "IF". If something was proven this last 1,5 year is that crypto is not a hedge what many wanted/believed. It follows the markets and as of now the world is going in to a recession it's just a matter of time, so I wouldn't be surprised if this bearmarket will be a couple of years or even cease to exist, it all depends on the crisis that will happen soon.
I swapped my SOL for ETH as it kept fucking crashing and crashing for no reason but yes it has impressed me lately as ETH is now fucking crashing worse than many ALTS SOL is hated so much now though after it was one of the biggest shilled here. However I think once the time comes to move up it will probably move up faster than ETH
I don't have to imagine it. I'm experiencing it to a certain degree. Only held onto small amounts of ALTS I truly believe in. Thankfully, I slowly moved my way out of almost all crypto exposure over the last two months, so I spread out the hurt and didn't lose quite as much, but I still lost a heck of a lot like everybody else. Hoping to buy back in lower.
I see so many people commenting on how BTC and ETH are falling faster than ALTS. Did you all miss it last month when practically every single ALT dropped like 80%? People taking money out of ALTS and putting it into BTC/ETH was the only thing keeping it propped up at 28-30k for so long. Eventually, ALTS dropped below the point anyone was willing to sell and BTC and ETH finally followed suit.
**This time ALTS fell first**. Everyone knew something close to a global recession was likely coming and, having been through prior crypto bear markets, already learned their lesson. Personally, I moved out of almost all other positions besides BTC, ETH, and LINK about a month ago. I think a LOT of people were making similar moves which is why BTC was able to hold at 28-30k for so long before the dam broke.
For ALTS nothing is safe at the moment. Not even when BTC starts to recover, as ALTS will bleed against BTC then much more After the last bear market the one that recovered the fastest was BNB, since it's Binance's coin that might be a good one to buy when we hit the bottom
Personally I started investing in crypto in 2020 and set my time horizon to 10 years or more (80%BTC / 15%ETH / 5%ALTS) I DCA every month and don't feel like I'm diamond handing it or anything. I'm following my plan. From 2030 on I'll consider selling or taking some profits if the market is in a good place.
Damn, my initial plan was BTC dominance going high . Switch ALTS to BTC and once the dominance go back I switch from BTC to ALTS. I did the first part and it was very successful but chickened on the 2nd and now all the ALTS are gaining ground. Crypto rly needs a strong heart 😞☹️
No one knows for sure but I believe it’s better to wait for now. ALTs won’t start to pump till bitcoin goes into a parabolic rally then it’s dominance starts to decrease (money gets out of BTC and go to ALTS). Again no one can time the market but I don’t see the world wide economy gets well very soon so no real indication that crypto currency will recover soon. Don’t forget that crypto still considered a very risky investment (even bitcoin)
ALTS that have a strong dev team, solid use case, and whose security can be quickly adapted without needing to fork are a safe bet IMO. We are not far from a state actor or really smart person in the field of quantum computing cracking BTC and ETH's SHA-256 encryption scheme. It will be the end of BTC when that happens. I hold a decent bag of DOT for this very reason as it can be quickly upgraded to support a quantum resistant consensus mechanism.
I'm gonna have a park of around 10 alts max (gotta be able to dca from time to time into everything, still they're only going to be 25% of my portfolio) - 50% BTC - 25% ETH - 25% ALTS Top 5 alts: Dot Atom Rose (oasis network) Algo Avax Ada might become a top 5 pick depending on what I see in the next 12 months( gotta see how they handle the scalabillity problems) others are bnb cro and link
Well, I'm only investing in ALTS that have something big on the Horizon. ALGO - World Cup blockchain ETH - The Merge (Or The Quickening, like in Highlander) DOT - very solid Oracle, better than SOL IMHO LRC and IMX - really big things coming down the line. When they really get started with GME, it's gonna be huge. Nothing else for me except Grandaddy BTC
1. This is what I'm doing. I had my portfolio in may like this: 30% USDC 60% BTC 10% ADA 2. Then BTC starts making an uptrend: 90% BTC 10% ADA 3. The green dildos keep appearing and BTC breaks a resistance point at 2-3 days of rally so: 30% BTC 60%ALTS 10% ADA 4. IF the uptrend got kicked out, everything in USDC Again and wait patiently to the next dip that doesn't mean going back to extreme lows like May.
Put in 1000$ in BTC and in a well known alt like ETH see which one gives you more gains in $ when bull market starts and the ALTS start taking BTC momentum. I’m not talking about shitty alts thats why do you own research and find good quality alts it’s not all about BTC in crypto. I’ve seen people scramble selling BTC for alts.
The market is ALWAYS different each cycle. As I mentioned, my traditional investing credentials don't even matter in crypto. I just brought it up to stress the difference. IMO someone who has had their hands in in crypto for multiple cycles will have a better feel for the market than any traditional investor because it's natural. Rome wasn't built in a day (or whatever that reference is). Time in the market > timing the market. On chain metrics are a lot more applicable than traditional TA. Crypto doesn't always obey the TA. I'm actually not really talking about the ALTS. Im talking BTC. I've lost a bunch of money on previous cycles gambling on new ALTS that got delisted. I only hold proven ALTS like ETH, LTC, XLM, BAT, VET, LINK. BTC is the only one to pay attention to as it dictates the rest of the market. Not many fund managers are advising or even offering these other ALTS because they are to volatile to be advising to clients. Yeah I might have been surprised a couple of times, but I've been here Soo long that I'm numb to it. Not even bashing your age, but crypto is more familiar to gen z & millennials. It's more tech oriented. My former seasoned manager in his 50's, who had been trading since before I was born defers to me when it comes to crypto. It's just because I was born into it and am naturally more tech savvy. He always used to doubt my views, but over time he realized how it wasn't the type of market he thought it was. He used to be partner at a hedge fund until his ex wife pretty much took everything lol but he is much more knowledgeable about traditional markets than I am. However, he does not have the same feel for crypto. He has a hard time grasping the concept of Blockchain technology which is understandable. You probably have more traditional trading experience than I do. But I've been in crypto since 2013. I would say that I am technically retired. I live off of my gains from the previous cycles and make passive income mining BTC, ETH, and LTC. I'm still young so I'm eventually going to expand my mining operation into more of a business.
Finally after crabbing weeks now I can see a patron here. Whenever BTC goes 1%, ALTS do 3%\4%. So, in a starting bullmarket this going to be juicy af. BTC just reached 29k and ADA, APE, LRC & SAND went 3%+.
this ia fact. crypto has existed in 1 huge bullrun imo BTC sees 20k or lower, ETH sees 1100-1200, and ALTS WILL BE HALVED. THe only way to stop inflation is KILL growth. The world economies will start a global recession. + Russia Ukraine.