Hello, dear traders! Let's still see a little history!
Let's compare the bull run of 2017 using the Bitcoin vs Litecoin as an example!
You may notice, that during the growth of BTC, Litecoin was very quiet, and didn't attract trader's attention!
BUT on the last correction of Bitcoin (you can see the correction of Bitcoin on the left of the chart), it rised by 266% in a couple of days (growth of Litecoin - on the right side of the chart )!
What conclusion can be drawn?
Any altcoin needs to be analyzed by looking at its full history and both pairs to Bitcoin and to Dollar (LTC / USD and LTC / BTC) and don't panic at the correction of Bitcoin!
dead coin imo. We are witnessing it's last pumps may be. No real purpose + a lot of new more advanced projects with innovative techs behind them.
RocketBomb
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@Bladerunner2021, How many times have I heard such things!
I'm here not to convince people, who know exactly which coins are dead and which are not!I'm sharing only what I following myself!
Choice on You! Stay safe)
BTW, Many people wrote me that Dogecoin is a dead coin, when I offered to buy it at 16 satoshi!
Each of us is responsible for his own trading! @Bladerunner2021,
Bladerunner2021
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@RocketBomb, I am speaking about long term. This bull run new alts have had the most efficient ROE, look at new projects pls. I am here since 2017 I know we used to look at shitcoins as a waste, but now there are a lot of new really promising projects. Look at top 10 market coin caps, there are plenty of coins we didn't hear about in 17.
Thanks for the advice. I've also been here since 2017.
And I've already created my own strategy, that works for me. And I manage to trade well.
But dreaming about an endless growth of HYPE coins is not part of my strategy!
Stay cool 😎
robackermans
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@RocketBomb, Litecoin is the coin of choice if you want to move money between different exchanges because of the lo fee and relative fast speed. In my opinion those are the most important qualities of a top coin.
@robackermans, Yep you are 100% correct there. I actually use LTC to move my money alot. Fast, cheap it just works ! Pretty sure ADA will overtake LTC but not yet.