So the sentiment regarding alts vs btc is pretty.. depressing/disbelieving. That is how the end of a cycle feels. (look at the wall street cheat sheet)
"Buy low " some guy once said. Well if that is true, where are we now ?
On this log chart, it seems like this multi year channel has been pretty accurate. We are now in an uptrend, crawling nicely in this channel. Not at the bottom of it right now, but pretty low.
I think there is a good chance we will bounce from top to bottom a few times, before a breakout - retest - and a new BIGGER bubble.
I am going to sell in that bubble, and I am looking for cheap alts now. However obvious this is, it seems impossible to actually grasp, because it is also counter-intuitive. We fear s***coins now, when they are actually a clear buy.
What do you think? Do you have patience with alts ?
@voidarkterror, NANOBTC a little risky since it broke new low recently.. perhaps wait and see if it can break 1337sats, or wants to go lower. Didnt bounce as you would hope for when it hit the previous low.
i might be wrong. it might 10x
id wait for it tp show some life
BDG
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"We fear s***coins now, when they are actually a clear buy. "
I'm still waiting for an ingenious entrepreneur to release an ICO that has a Use Case involving toilets or toilet paper. That will be the mark of a true Sh** Coin!
NaturalPatterns
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@BDG, hahahah, you crack me up. Lets do it ! backed by toilet paper ? 1 Roll : 1 coin. trade your rolls for coins . Coin name T-roll
BDG
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@NaturalPatterns, the company issuing the ICO will have a real "Use Case" no one has thought of before. "Recycled Toilet Paper". ROFL