Using Bitcoin dominance to invest in a few altcoins - Trading - CryptoTalk.Org Jump to content
Fixfin

Using Bitcoin dominance to invest in a few altcoins

Recommended Posts

I have considered a lot the fact that Bitcoin is once again gaining dominance and getting ready a strategy to invest in a few altcoins I have in mind. 

The altcoins I look forward to buy are Ethereum, Litecoin, Monero, Doge and a few DeFi like Comp, Yfi and Balancer. There will be more and I will adjust but I will not invest in more than ten. 

The pattern I see is Bitcoin reaching 70% dominance again, like it did last year. I think this movement creates an elastic demand and move to speculation towards altcoins and with Bitcoin perhaps at 20k again maybe there will be a revival of the altcoin season of the beginning of 2018.

I am just saying a thought and perhaps it will not happen but I think the risk for altcoins is reduced as most of them have dropped by 50% since their August highs.

Do you think this is something to look forward (the 70% dominance) and can we have another altcoin season like the one during this summer or the one in 2017?

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...