RE: The Coming Altcoin Exodus

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The Coming Altcoin Exodus

in bitcoin •  7 years ago 

Nice to see some counter weight to the frenzy happening right now. The way altcoins are pumping is beyond the craziest predictions. It just bothers me that the influx of new and most certainly stupid (maybe nicer to say "naive") money is just too much for the sell-off to happen. The proportion of naive to smart investors is just too high for the market to behave in a predictable way. We suspected a BTC correction at 10k, also altcoin correction just about now (after 30x gains), but the correction is nowhere in sight. Quite the opposite, as you said, zero product projects with zero adoption are gaining billions. Doesn't make sense to me, so I'm wondering if maybe I'm the stupid money here... :)

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