Crypto Markets Recently - Weaving out the last weak hands hodling onto their bags of altcoins

Over the past couple of months, crypto markets have been moving in a rather interesting fashion. We've seen BTC go up 10% and instead of going up by more than bitcoin, altcoins only increased their price slightly, somewhere in the range of 1-5%. On the other hand, when BTC went down a couple of percents, altcoins hemorrhaged considerably, decreasing in price somewhere in the range of 5-15%.

For some of you, this meant selling at a loss while for others it meant making a hefty profit on those who forfeit their coins at a loss.

While this may seem illogical, I think I got an idea of what's going on in these seemingly illogical but rather logical movements when you think about it.

Weaving out weak hands, weakly hodling onto their bags of altcoins.

Stomping the price so low it makes the average investor sell at a huge loss rather than taking a chance at holding onto his bags and risk losing another 50% of his portfolio.

That's in my opinion what the big market makers are trying to achieve with these recent rampant price swings.

We've seen it happen in bitcoin with the price plummeting from 6k to 3k-ish in a matter of weeks. Many weak hands forfeited and handed over their coins to smart investors who were buying the dips like mad. And the same thing is happening now with the altcoins.

Bitcoin dominance keeps increasing while altcoins keep hemorrhaging.

With only one goal in mind, large stakeholders are trying to scare you away, right into the trap of selling your coins cheaply, at a significant loss considering your entry point. Dumb money or weak hands will fall into the trap - sell at a loss and bitch around for the rest of the year how crypto is the worst investment they ever made. On the other hand, smart money or strong hands will furiously buy these dips, scooping up some of the cheapest altcoins we are ever going to see, as they know altcoin season is just around the corner and that markets will soon take a turn, sparking another parabolic run to the upside.

I'm not saying this to offend anyone and if you find yourself offended, know that this was not my intention. I write this with one goal in mind, which is to try prevent you from doing one of the biggest mistakes in your life. I assure you that now is definitely not the time to give up on your altcoin bags. Give it another half a year at least and certainly don't allow yourself to sell at a loss.

Mark my words when I say ALTS WILL PUMP AGAIN!

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You just have to be patient enough to reach that point with your bags filled to the top. You need to have strong hands and an even stronger mentality not to sell right now when you think your bags are going to zero when in fact they are not!

Brace yourself fellow traders, hodlers and crypto enthusiasts alike for the next couple of months are going to be among the hardest you have ever lived through. At least in the cryptoshpere. You will go through many rough patches and you will be tempted to sell but remember that it's exactly what the big market makers want you to do. Sell your coins cheaply so that they can make 10x, 50x or 100x the gains when bulls take altcoins to new all-time-highs!

It goes without saying that this is only an opinion of a random guy on the internet and non-financial advice.