Most Altcoins follow BTC. When it rallies, they rally. When it crashes, they follow suit.
Even when they have great use cases. I don't know why.
Perhaps we're all still apprehensive of crypto even though we seem to trade and hoard it. No one really understood or trusted the internet when it launched, or cards or eCommerce or even AI - However, they've all proven to be what humanity needs to drive efficiencies.....
Personally I think we're in for a long play so for anyone who doesn't believe in BTC or understand its trajectory, hope this chart helps.
In summary,
1. Stock up on BTC and your favourite trusted AltCoins (not dumbcoins) now
2. Do not go all in. Always leave enough cash on the side to average down as BTC may go down to $13,800 to retest its 2020 breakout
3. Always take profits
Good luck in late 2024 or 2025 :)
Even when they have great use cases. I don't know why.
Perhaps we're all still apprehensive of crypto even though we seem to trade and hoard it. No one really understood or trusted the internet when it launched, or cards or eCommerce or even AI - However, they've all proven to be what humanity needs to drive efficiencies.....
Personally I think we're in for a long play so for anyone who doesn't believe in BTC or understand its trajectory, hope this chart helps.
In summary,
1. Stock up on BTC and your favourite trusted AltCoins (not dumbcoins) now
2. Do not go all in. Always leave enough cash on the side to average down as BTC may go down to $13,800 to retest its 2020 breakout
3. Always take profits
Good luck in late 2024 or 2025 :)
Comment:
noticed a typo on the 2024 halving so reposted with updates chart. go look it up