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RE: ⚠️ Despite altcoin exuberance, Never disregard Bitcoin! ⚠️
Well that is the thing.. that's only for the past month or so when Bitcoin is being slow and boring. That's different from an actual breakout though, like we saw during september-november, and also right before the Bcash fork. Alts do catch up eventually, just like right now we are just about caught up. But eventually Bitcoin starts to seriously move again and it'll translate to a 50% drop in satoshi's.. which again takes a month or two to recover later on, etc. It's okay to sit it out and hodl, but if you get into the right train at the right time you can increase your stack even more.
Yea. But I am afraid bitcoins gonna dip again a little. Ew&Patterns is saying possible dip to 10k after ABC is done. But on a bigger daily chart if I look at the abcde triangel looks like 12000 ish. We will see.
Oh, yes but if it goes down to 12K or below it's a far more serious dip and offers a more bearish outlook than we've seen up until now. I think altcoins will dip just as hard, if not harder, if Bitcoin drops to 12K or lower.
I think Bitcoin is the safe bet, and alts are insanely overvalued in many cases atm