Now is the Time to Buy Altcoins Not Bitcoin
You’ve probably heard somebody say “friends don’t let friends buy altcoins during bear markets.”
Seems risky. Are those the same friends who told you to buy altcoins in March, April, October, and November 2021?
Some analysts say altcoins have yet to collapse against bitcoin and our most recent pump is an echo bubble or bear-market rally, destined to fail. Bitcoin’s zooming, altcoins are failing, and they’re all about to roll over into oblivion. Altcoins, of course, will fall further once bitcoin reaches its inevitable capitulation.
They’re using the standard Bitcoin dominance chart, and if you do too, it sure does look like that collapse should happen at any moment.
When you use my chart, you clearly see that altcoins already collapsed against Bitcoin in June 2022 and have paced bitcoin since then.
We dancin’
While that doesn’t mean we can’t have another collapse, bear markets are probably the only time you’re going to get a good deal on altcoins.
