Thread: Bitcoin et al.
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Old 06-05-2022, 04:10 PM   #93
Hammer
College Prospect
 
Join Date: Sep 2005
One more key point I learnt. Don't hold alt coins in a bear market. They will bleed against Bitcoin. Alt coins will not show strength until Bitcoin does. So plenty of time to get in to them. They go down harder, and rise faster.

There is a real chance some of these alt coins don't make the next bull market. They could be replaced by superior technology or collapse Luna style. Worth the gamble in maybe a year from now IMO, but right now the risk reward doesn't work for me.

Good chance we see Bitcoin lose 30% or so this year, that would likely mean 50%+ for even the larger cap alts such as Solana or Cardano. More for smaller cap alts. As the bull run gets closer I suspect we see new projects take a shot at those high cap alts. Who knows how that ends up for them.
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