Bitcoin has now been at a decisive point for 5 days now, just before $50,000.

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3 years ago


BTC,altcoins and stock

BTC ETH LTC EOS Altcoins. stock Price predication

Look, there are indicators, but nothing is a guarantee.

Bitcoin has now been at a decisive point for 5 days now, just before $50,000.

If it crosses $50,000, then we can see more pumps.

If it drops by 20% back to $40,000, we will see red and could see -40% on altcoins.

That’s why it’s a good idea to be mostly in stablecoins right now. You can simply rebuy when Bitcoin crosses $50,000 or make gains on some altcoins if Bitcoin stays stable just before $50,000.

The prevailing “wisdom” on this is that alts will go up more if BTC goes sideways and loses dominance. If BTC continues going up and maintains strong dominance, some alts will go higher but not by as much if it goes sideways and loses dominance. If BTC goes down significantly, many/most alts will go down as well. All of this is based on patterns of the past and could change, plus individual alts may act differently, at least for a while, for various reasons. NOT FINANCIAL ADVICE, just relaying what I’ve found in my own personal research. DYOR and verify for yourself anything anyone online tells you, including me, definitely not an expert, and those who present themselves as an expert as well many/most aren’t and anyone can be wrong and some have undisclosed motives.

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