ALTCOIN/BTC UPDATES

in #bitcoin6 years ago

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While market fell by 34% overall and the random sampling on some of the popular coins out there fell by average 45%, if you followed my portfolio on holding Bitcoin, Ethereum, HT tokens and BNB, your portfolio would have instead made 3% gains (minimal but in a bear market, its actually performing 37% better overall) just by doing nothing.

I'm simply doing this to prove a point that its better to trade smart than to trade hard. There are times where you should be actively trading and times where you should play a long term strategy. I think its best now to hold on to higher cap/exchange tokens and then swap into alts (if ETFs are approved) because the ETFs will cause the market to go on a bull run and alts will go up with it (probably faster than most bigger cap tokens). However, BTC is still a safe bet now simply because if BITCOIN ETFs is approved, it also means that more money will flow into BITCOIN and since demand will increase, price will go up naturally.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BNBBinance Coin12.217$1.8%0.98%
BTCBitcoin7447.650$2.13%18.56%
ETHEthereum464.496$2.57%6.38%
HTHuobi Token3.616$7.57%12.91%

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