Bitcoin Making Moves... Alts Collapsing

in #bitcoin5 years ago


As time comes and goes around crypto-land, one thing is for certain...

When Bitcoin Pumps - Altcoins Dump

At least in the beginning it tends to work this way. Everyone starts selling out their altcoins for the more attractive and pumping Bitcoin. ~Wouldn't want to miss out on the moon launch and the associated FOMO!~
Then, after the dust has settled, money starts moving out of Bitcoin into more risky endeavors and we typically see a nice alt-coin rally.

That's what I'm looking for when it comes to trading in crypto - The obvious trend.

So, whats the plan?

  • SELL ALTS into BTC
  • HODL BITCOIN
  • WAIT
  • SELL BTC into ETH

I'm going with Ethereum as my go-to alt this time around as it has had quite the bad past year. Still some 1/9th from its ATH and a mear 2x value V.S. Bitcoin since the last moon launch happened.
Ethereum could use some tender loving care...

But, not until it collapses some more. In fact, I'm only touching BTC for the time being and setting up my strategy called the "Old Dog" by getting in all those scavenger orders on the down-low so I can grab that piece of meat when it falls from the table.

Then when the timing is right - Jump into some ETH.


It's been a long bad year - Hopefully we can see some redemption


~Whats Your Strategy?~

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Bitcoin almost at 5800 and will be interesting to follow the trend.

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