2021-02-07 17:50:31
Rules for working with altcoins:
Altcoins have a single task — to bring you
Bitcoins.
1) For this purpose there are on average two cycles
per year, dubbed "alt seasons". During these cycles you can easily
x2 your Bitcoin deposit. Just point at a list of coins, hold for a couple of weeks and you'll have your
x2(that's how it was for the last few weeks).
2) In the time between these cycles —
altcoin to Bitcoin rate drops and Bitcoin dominates. In this case you can make money on altcoins in
two ways:
- short alts
- catch rebounds during Bitcoin pullbacks(short-term trade)
P.S. For now we're
chilling in Bitcoin, waiting to find out how the market is going to be influenced by the
Ethereum futures trading launch.
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