Bitcoin, the queen mother of all coins takes the lead, she attracts all the media attention and brings new investors. Stories of her great deeds and massive profits drive fomo into the hearts of no-coiners, they’ve never heard about magic internet money, billions starts pouring in, bitcoins’ price starts shooting, causing even more fomo, even your Grandma wants some bitcoin.
It keeps going higher and then, some of the early investors start taking profit and start looking for the next best thing, so they look at alt-coins. Now ETH LTC and all your large market cap alt-coins start pumping through the roof and then the money moves into the mid-caps, the gems, the ones few people are looking at and then finally the money ends up in small caps, the rarest of gems.
It’s hard to perfectly time this movement so what’s the solution? DIVERSIFICATION… You’ll have to buy and hold a couple of coins and tokens in different categories so you don’t miss out on any part of the action.
What Altcoin are you holding ? Let me know in the comments
Nice