You are viewing a single comment's thread from:
RE: BTC - Bitcoin is likely about to get fun again!
Very interesting analysis. I wonder if this will have similar impact as 2017 where most everything was lifted or will this be BTC exclusively?
Very interesting analysis. I wonder if this will have similar impact as 2017 where most everything was lifted or will this be BTC exclusively?
Thanks. Yea that is the million dollar question...
I wish I knew.
My guess is that once bitcoin gets "high enough" it will start to lift everything else up again as new money will chase the next bitcoin and money made in bitcoin will start to diversify out into some of the altcoins.
Sort of how we saw bitcoin peak in late 2017 and then alts took off in the weeks that followed...
Bitcoin first, then the altcoins.
The only question will be what level is "high enough" for that phenomenon to start to happen?
Nobody knows, and the best is to HODL if you believe this indicator will materialize.