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RE: The Bitcoin January Effect

in #bitcoin6 years ago

While I still think Bitcoin is the gateway to cryptocurrency exchanges, is it too late to invest because the value peaked at $19,000 in 2017? I suppose the gap between January 5th and the 11th would be a good time to buy Bitcoin and hold it until the value rises again. Then, you can purchase a greater number of altcoins. Of course, this depends on changes in the currency exchange ratio between Bitcoin and the alt cryptos.

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The trend is that when BTC goes down ALTs also tend to go down. So you wouldn't benefit greatly from this strategy. Altough it might be a good idea, because after the crash BTC always recovers.