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RE: Altcoin Season: Is It Upon Us or Is This A Small Shorted Relief?
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- D - Something in the middle. Bitcoin will go up or down and Altcoins will retain their BTC value.
I think a lot of people focus on Bitcoin and are missing the fact that there are some great Altcoins out there that you can actually use. I believe that most see Bitcoin as an investment and don't use it.
Altcoins, on the other hand, that have a purpose offer real value because you can actually use them.
That's true... but these markets are not rational. They seem to only value Bitcoin for most of the time until a certain day when Bitcoin "becomes a crap" and, during 4 or 5 weeks, every Altcoin, even those related to dead projects, start popping like mushrooms.
That's why I stick to Bitcoin. In all this craziness, it's the one with the more logical chart.