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RE: The END of Altcoins? Are They All Heading to $0?

in #cryptocurrency6 years ago

Great points. We can clearly see, when market goes up, there is a bigger risk apetite therfore most people invest in altcoins and automatically altcoins outperform bitcoin. In bear market, it’s complete oposite. Bitcoin is treated as a safe heaven. Even though bitcoin is still going down, but not as much as ALTs. It might be comparable to stocks and bonds. Bonds usually act as safety role. My personal opinion is that there will be another altcoins rally. When bitcoin was at it’s high, there was just a few people calling for crash or bubble. Majority people said “This time is different” or “This time it will not crash.” I wasn’t diferent, it went down. Today it’s not diferent either, it’s all the same. Of course, some ALTs won’t survive in this market and that’s healthy for a new bull market. Just like financial crises in 2008-2009. Thanks to last bear market Ponzi schemers where caught such as Rudolf Madoff... How long does it take for today’s bear market to turn around? I don’t know, but without fed’s intervention, which was the reason why we have stock bull market today since 2010, it may take years for sentiment to turn around.

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