When BTC rips like it just did, the Alts tank

in cryptocurrency •  8 years ago 

I see a similar story across many alts - panic selling when bitcoin rips.



buy the dip.
ez pips.


cryptocurrency trading bitcoin golem
8 years ago by

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      ·  8 years ago 

    Often true... but I also think a lot of people forget they are looking at BTC-altcoin charts... so when BTC is up 6% and some altcoin is actually flat vs. USD it looks like that coin is going backwards when compared to BTC...

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        ·  8 years ago 

      REALLY good point and valuable perspective when the bars are red!

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          ·  8 years ago (edited)

        Yes, this is a VALUABLE reminder for everyone in this bull market. Truthfully I haven't seen many long term coins with decent properties that don't eventually rise no matter how long you hold them since there is so much positive growth in general.

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          2 votes
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            ·  8 years ago (edited)

          Good point @jubedube I've already sold a few coins too early that were either out of money or not far enough in (LSK)! Fair beginners mistakes as this market behaves like no other.

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