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RE: The Bitcoin Suck is in full effect, but don't worry Altcoins will have their day in the Sun

in GEMS4 years ago

If you glance at my wallet on here, yep I am holding quite a few. Outside of here, I only hold a handful of coins though not named BTC. I mostly subscribe to the theory that bitcoin is gold 2.0 and then the altcoins run during altseason. Just have to make sure you own the ones that run, which should be most within the Top 100 on CMC. Eventually an altcoin project will likely create real fundamental value, but they are still yet to really do that at this point.

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that's right, and in fact I posted today a comparison between BTC, ETH and LTC, and found that on 2017 BTC had a 2000% rise since march 13th, while ETH had an 8900% and LTC 31000%, so pretty good, but nowadays it's differente, BTC and ETH are having talmost the same rise in percentage while LTC is behind, about 30 to 40% difference, I think that the only way to get another good benefit from alts if by having all of them going up (altseason), otherwise they will not give as good results as BTC could, just like in the past 2 years

Bitcoin first, and then the alts. I think we will that happen again here as well. Bitcoin brings in new money, eventually money flows into alts and they go way up.