Bitcoin on the rise, is it killing the altcoins?
Very good news that Bitcoin is on the rise and hopefully it breaks the resistance level at $8250.
with ETF decision around the corne, i might breach the psychological resistance of $10000 with ease as the institutional investors are in.
What I cannot stop thinking and slightly worry about is the altcoins. Altcoins seem to be falling and wonder if this is going to go on and on. ofcourse there are many shitcoins but there are a handful of good coins with better functionality and usecase than the btc, with no disres to btc.
we all know that in the initial phase btc growth is inversely proportional to altcoins price but btc always dragged altcoins with it though there is a time delay. I really hope this would be the same this time but i dont know i have a strange feeling.
i always was ecstatic whenever btc is rising in the hope that it will positively impact the altcoins but i am unsure this time.
this is just me and would like to know what your thoughts are.
Meanwhile happy profits to everyone.
thanks for your attention.
Yes, it's a constant ebb & flow from alts to BTC and back
The goal of the game is to accumulate as many coins as possible :)
Absolutely
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