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RE: My Cup Runneth Over (Trickle-Down Theory)

in #economy6 years ago

Might want to be careful with that method. I can understand keeping your crypto in Bitcoin while things keep dropping, because people head back to Bitcoin when scared. However, the real gains will be with the altcoins when the market goes up. If Bitcoin goes from $3,100 back to $20,000 you'll benefit, but the altcoin market will likely shoot up a lot higher given their lower market caps.

All you have to do is look at what happened last January to see that Bitcoin did not gain anywhere near as much as the smaller coins did. Small cap often means bigger room to grow.

opinion, not financial advice yo!

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If Bitcoin goes from $3,100 back to $20,000 you'll benefit, but the altcoin market will likely shoot up a lot higher given their lower market caps.

That's what I thought last year and the inverse happened. While Bitcoin moved up until $20.000, all the alts lost a bunch to Bitcoin.

It was only after BTC dropped to $12.000 that the Alts made any gains towards BTC.

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