In the cryptocurrency market, there are two types of crypto. It's Bitcoin and shitcoin. All crypto are in motion and are dominated by bitcoins. The future of bitcoin is unpredictable, you should not trust any shitcoin, including ETH. I believe Bitcoin is a bubble, but
- "Just because a market is in a bubble does not mean it's going to die." Bitcoin has been through over half a dozen big bubbles and increased in price after each one "
If you are a long-term investor, the best way to minimize risk is to invest in bitcoin. As for shitcoin, you should only invest in short term
- "You can make money trading the momentum and hype in shitcoins, just do not invest long term"
The current price of bitcoin makes me want to buy bitcoin more because the price is very stable despite the falling of other crypto coins.
If you sold your altcoins to btc before this red, then you were lucky back then. Although the price of altcoins very bad now, it doesn't means altcoins is just a shitcoin i think.