Altcoin season is coming?

byanchev (32) in bitcoin • 7 years ago

Judging by the trends of the last few weeks, we can say about the turnaround of altcoin market.
In my opinion, with current market scenario Bitcoin becomes less valuable and interesting as the trading tools and as the object of observation. While it is remaining quite flat, we can evidence a significant growth of altcoins rates and trading volumes. There is a possibility for two different scenarios:

1 Further growth of altcoins with lateral or downward movement of Bitcoin

2 Drastic Bitcoin rally, which will lead the massive sell-off of altcoins.

Therefore, now our primary task is to raise bitcoin volume in our portfolios by increasing the alts. Then - to fix gains in BTC during the period of its growth. Then - to exit into the Fiat and to wait of the general correction to pass by.

That's what I can forecast for now. Those, who are holding long-term portfolios - you are less affected.

bitcoin cryptocurrency altcoins

7 years ago by byanchev (32)

$0.08

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haccolong (61) · 7 years ago

I appreciate your comments.
In the long term if bitcoin does not add improvements it will lose market share by other coin.
Many currencies have very low transaction fees, even zero. Although not all, but only it, bitcoin has too much restraint for the universal transaction.