Its a good day for BTC guys and IF BTC CONTINUES BLASTING OFF TODAY we could see a similar situation with alts as we did recently with them being in the red or just slowly creeping upwards!
This is NORMAL when BTC REALLY PUMPS because traders are moving their money from altcoins, into BTC! THE ALTS WILL CATCH UP THOUGH when BTC IS DONE (most likely)
The BTC bull market cycles have always worked this way and for a good reason. You see, The altcoins mostly depend on BTC's VALUATION to then determine their valuation. BTC is the main factor for them! This is why ALT SEASON always comes following the BTC BLAST and it is during this upcoming alt season where we will see the biggest gains for altcoins IMO!
They DO SOMETIMES take turns on and off, back and forth and we could likely see this type of situation play out over the coming weeks as well!
BTC however DOESN'T DEPEND on another coin for its valuation. It depends on what the people value it as based off of FUNDAMENTALS!
This is a common question I am hearing lately so I wanted to explain that and hopefully everyone understands a little better!
BTC Dominance chart is picking up here as we would assume based off what I just explained. If you're HODLING Alt-coins, HAVE NO FEAR because their turn IS COMING SOON. NO WORRIES!
I DO ENCOURAGE EVERYONE TO JUST RESEARCH BITCOIN! UNDERSTAND AS MUCH AS POSSIBLE ABOUT WHAT IT IS! I still feel that there is an OVERWHELMING MAJORITY of people who have yet to understand cryptos FULL POTENTIAL and the AMAZING CHANGES that it is bringing to the whole world. Understand HOW it makes the whole world a better place! YOU WILL NOT BE DISSAPPOINTED DIVING INTO THIS RABBIT HOLE, BUT RATHAR, ADDICTED TO FINDING OUT MORE!
I TRULY BELIEVE THAT!
Hope everyone is good. Hope everyone has an amazing day and weekend!
This is NORMAL when BTC REALLY PUMPS because traders are moving their money from altcoins, into BTC! THE ALTS WILL CATCH UP THOUGH when BTC IS DONE (most likely)
The BTC bull market cycles have always worked this way and for a good reason. You see, The altcoins mostly depend on BTC's VALUATION to then determine their valuation. BTC is the main factor for them! This is why ALT SEASON always comes following the BTC BLAST and it is during this upcoming alt season where we will see the biggest gains for altcoins IMO!
They DO SOMETIMES take turns on and off, back and forth and we could likely see this type of situation play out over the coming weeks as well!
BTC however DOESN'T DEPEND on another coin for its valuation. It depends on what the people value it as based off of FUNDAMENTALS!
This is a common question I am hearing lately so I wanted to explain that and hopefully everyone understands a little better!
BTC Dominance chart is picking up here as we would assume based off what I just explained. If you're HODLING Alt-coins, HAVE NO FEAR because their turn IS COMING SOON. NO WORRIES!
I DO ENCOURAGE EVERYONE TO JUST RESEARCH BITCOIN! UNDERSTAND AS MUCH AS POSSIBLE ABOUT WHAT IT IS! I still feel that there is an OVERWHELMING MAJORITY of people who have yet to understand cryptos FULL POTENTIAL and the AMAZING CHANGES that it is bringing to the whole world. Understand HOW it makes the whole world a better place! YOU WILL NOT BE DISSAPPOINTED DIVING INTO THIS RABBIT HOLE, BUT RATHAR, ADDICTED TO FINDING OUT MORE!
I TRULY BELIEVE THAT!
Hope everyone is good. Hope everyone has an amazing day and weekend!
