I believe that you are quite right with your anaysis. When the all time heigh is reached by bitcoin, the seasoned investors tend to go into altcoins. Let's see when we get to these 20'000 btc/usd ;-)
I believe that you are quite right with your anaysis. When the all time heigh is reached by bitcoin, the seasoned investors tend to go into altcoins. Let's see when we get to these 20'000 btc/usd ;-)
tbh, I was a bit stupid in that 2017... lol... Didn't recognized the ATH, and I didn't go out from BTC, and later, swap altcoins... Let's see how smart will I be the next time... (if it comes... lol)
In hindsight it's always easier ;-). I sold a lot of btc when they were at 12'000 and then it went up to 20'000. I was too early :-). Trading stresses me too much, so I tend to only push about 10% of my tokens around. The rest stays in BTC or Hive.
12K wasn't a bad call... It didn't stay too long at 20K... It was a couple of days at 17K, so I count that as ATH :)
btw, I have a funny story about the ATH... I had a friend that has been ignoring all my calls (and still does) to join crypto from the time BEFORE that.. (BTC around 1k, etc...)
And he decided to buy some BTC, and I have sold him some... at 17K 🤣
It is still a "running joke" when I chat with him... lol
When newspapers start to speak about BTC, people who have no clue about it will start to buy (like your friend). My daddy once told me that when that happens, it's high time to sell your asset....
You made a good deal there ;-)
It is always like that... when everyone is selling, you should buy, and when everyone is buying, it's time to sell :)