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RE: How to Trade the Bitcoin Cycle for Profit

in #bitcoin4 years ago (edited)

I think that we are definitely entering a Bitcoin cycle , and if such an uptrend does occur is it not the case that many of the altcoins will hitch a ride and also go up in value ?


They will go up in USD value but down in BTC satoshi value

From what I've seen, each cycle seems to reveal more and more coins with non-correlating charts. But in (logical) theory, when trading against BTC, Bitcoin's rise inherently causes the alts to drop satoshis.

Even so, what Mr. CI says here still holds true - look to exit weaker alts while watching for the exceptions.

See what devinrose said.

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