What Bitcoin strategies worked in 2019 but probably won’t work in 2020?

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Avatar for michellhilton
3 years ago

In 2019, no strategy really worked except holding big caps (BTC, ETH, BNB, LTC), which all did a 300% and then some.

If you held smaller altcoins, the gains were not that good and there were lots of losses, too.

However, this phase where Bitcoin was so strong only lasted for 5 months, from April 8th 2019 to September 9th.

After that, altcoins quickly regained their strength and we have been in an alt season since then for 5 months now, albeit a weak one.

So, will holding big caps work for 2020 again? For sure! Big caps are rather safe bets, but smaller altcoins will probably work much better this year since they are severely oversold.

Still, that’s no guarantee and even 2020 could be another year of big caps performing better than small caps.

However, big cap altcoins (ETH and BNB) will probably outperform BTC a lot, so if you aren’t happy with only 3x Bitcoin gains, 6x to 10x gains are possible with ETH and BNB while providing almost the same level of safety.

The better big caps alts for 2020 therefore are pretty much only ETH and BNB. LTC and XRP less so; the latter having much less safety than the former and not a bigger upside.

XRP is also selling 1 billion tokens per month, this certainly doesn’t help for price appreciation.

Still, XRP could also pump this year, they did make decent progress over the last couple of months, but, the upside is just simply not big enough to make that gamble.

BNB and ETH have the same upside as XRP, but much more safety and thus less risk and downside.

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Comments

Your points are welcome, they will work to some extent. However, some modifications could happen in the market and will affect price.

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3 years ago