RE: Altcoins Vs. Bitcoin - When Will The Alt Season Start?
Nice H&S! We got to factor in that Bitcoin is the main coin that everyone knows and starts to purchase to buy into all the alt coins. We notice how Ether started to rise in price and market cap when Coinbase and other USD regulated exchanges started to list it. Same as for Litecoin, etc... I believe Bitcoin will one day become like a novelty coin and loose it's power compared to some alt coins in the coming future once other coins get regulated and mass adopted for legal trade via fiat. By these graphs you can really see that Bitcoin goes up alt coins go down and vice versa due to this theory. It's just a matter of time as well as regulations that some of these alt coins and their superior blockchain technology replace the big ฿east. I'm going to continue to HODL alts that have purpose such as Civic, IOTA, ADA, EOS, ETH, XRP, POT, ART, STEEM, etc... and hope soon the that all the sh!tcoins that can't do nothing RIP. They're what's slowing down the growth and mass adoption. Kudos on the well done econometrics and I'll be following as well 1uping.
Agree 100%, I have that mindset too. Only hodl something that can bring value, or that I can actually use, like steem, bat etc.