Traditionally, when Bitcoin runs up heavily, it sucks the life and the money out of altcoins, back into Bitcoin. Right now, with Bitcoin hovering around $11,700, we’re seeing yet another example of this scenario playing out as many altcoins are in the red against BTC. Let’s take a historical look at this and discuss future possibilities as well.

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28 replies
  1. Josh H.
    Josh H. says:

    People make it seem as if Bitcoin decides what Alts will do but in my opinion its the Alts which decide what Bitcoin does. We currently see tons of good Alts finishing their Market Cycle and once they did people will buy into those since they are very cheap and thus making Bitcoin go into a consolidation which makes those Alts fly to the moon. My advice is: don't stare at Bitcoin, stare at the Alts.

    Reply
  2. Christopher Rossi
    Christopher Rossi says:

    I'm 65% BTC, 35% ETH, missed the LTC run, no ALTs ATM. Thought Process: I'm horrible at timing and i don't want to get stuck in ALTs. However, I have a list of ALTs I plan to buy in the future. Also, I'm planning for the Robinhood crypto release. Probably not smart but figured ETH would be the "cheap" coin and maybe get a run like LTC back in Dec during the influx on coinbase.

    Reply
  3. Kait Diaz
    Kait Diaz says:

    i think you are raising a legit play about be more heavily in BTC. But here is the thing, i don't think BTC is like it was in 2017 anymore so it is not going to be parabolic i can almost sure of it. there will be many corrections along the way before BTC gets back to the ATH… Here is another play idea: how about look for good altcoins that are dropping because of FOMO into BTC?

    Reply
  4. Rich Delane Willard
    Rich Delane Willard says:

    Bobby, thanks, you're a steady voice, like hearing your point of view. When the altcoins swoon, as they are today, it's a massive broad sweep all at once. 7 coins/tokens only are green now out of the top 100, there's nowhere to hide unless you did it two days ago. I don't sell into weakness, but I am not buying in here either. Most of my alt coin investments are in the red, haven't as yet recovered from the bear we saw this past 30-40 days. These are the times that test your resolve to be a crypto investor, especially with the scary drops we just emerged from earlier this month. HODL everyone, this too shall pass!

    Reply
  5. Chris Reynoso
    Chris Reynoso says:

    I really don’t understand why bitcoins pumps like this. It’s still inferior to many of the alt coins. There is lightening network but there is still the problem of wasted power on mining. Anyway just my thought. I know it had a history, digital gold blah blah…;-)

    Reply
  6. James Brooks
    James Brooks says:

    LTC is also a great position to have right now as it moves with bitcoin but moves even more than it because it is undervalued compered to the 1/5 1/4 ratio it will reach this year or next year.

    Reply
  7. marksb82
    marksb82 says:

    I would agree, I think around Christmas time a lot of people (myself included) went a little too crazy on the altcoins, without properly vetting each and every project. So when the weaker altcoins in your portfolio become clearer, that money flows right back into bitcoin. Plus I think within the crypto space, bitcoin just has this special attachment to people that's unlikely to be replaced by any other coin.

    Reply

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